There is a paradox at the heart of Fidelity Bank Plc's 2025 full-year financial statements: a bank that has never been larger, never held more deposits, and never earned more gross revenue has nonetheless posted a lower profit than it did the year before. For investors, analysts, and regulators watching Nigeria's banking sector navigate one …
Dangote Petroleum Refinery has reduced the ex-depot price of its aviation fuel, also known as Jet A1, to ₦1,650, down from ₦1,750 per litre, giving relief to airlines, passengers and Nigeria’s aviation sector generally. Other packages offered by the refinery include a 30-day interest-free credit facility for marketers and airline operators, backed by bank guarantees, and a shift …
Nigeria witnessed one of its darkest weekends in recent months as coordinated attacks across several states left children abducted, teachers and security officers killed, and entire communities traumatised by fear and uncertainty. From the troubled communities of Borno State to the forests of Oyo State and the military corridors of Yobe State, armed groups unleashed …
Controversy has emerged over the alleged participation of the senator representing Kwara Central, Saliu Mustapha, in the ongoing All Progressives Congress (APC) senatorial primaries. The development followed the circulation of a document on social media listing Mustapha among aspirants cleared by the party to contest the Senate primary election. In the document, Governor AbdulRahman AbdulRazaq …
The Federal High Court in Abuja has fixed May 26 to deliver judgment in the suit challenging former President Goodluck Jonathan’s eligibility to contest the 2027 presidential election. Justice Peter Lifu adjourned the matter for judgment on Monday after parties in the case adopted their final written addresses. The Attorney-General of the Federation (AGF) and …
Billionaire businessman Femi Otedola has been shortlisted for the 2026 BCA African Business Book of the Year Awards for his book, 'Making It Big: Lessons from a Life in Business'. The shortlist, unveiled by the Business Council for Africa (BCA) in partnership with the Africa Finance Corporation, African Business and BrandComms, features books exploring leadership, …
The faction of the Peoples Democratic Party (PDP) led by Kabiru Turaki is set to screen former President Goodluck Jonathan as its sole presidential aspirant ahead of the party’s primaries for the 2027 general elections. The faction disclosed this in a statement on Sunday, announcing that the screening of aspirants for various elective positions would …
The All Progressives Congress (APC) has disqualified 47 senatorial aspirants from participating in the party’s Senate primary elections ahead of the 2027 general elections. Among those affected are three serving senators, namely Benson Agadaga, senator representing Bayelsa east; Garba Maidoki, Kebbi south senator; and Banigo Ipalibo, senator representing Rivers west. Prominent politicians also barred from …
Former Anambra State governor and 2023 Labour Party presidential candidate Peter Obi has warned that President Bola Tinubu’s disclosure that Nigeria will spend about $11.6 billion on debt servicing should alarm anyone concerned about the country’s future. In a statement posted on his X handle on Monday, Obi said the size of the planned debt …
Violence disrupted the collation and announcement of results from the All Progressives Congress (APC), House of Representatives primaries in Ondo State after suspected political thugs invaded the party secretariat in Akure. The incident forced security operatives to evacuate members of the seven-man National Assembly Primary Election Committee led by Hon. Iboroma Harry Dabibi from the …
