- Perspectives
Atiku’s journey towards infamy, by Kola Amzat
Four months ahead of the 2027 polls, Turaki Adamawa’s presidency bid is already in tatters. The much vaunted long-term aspiration to rule the country might have once again gone up in flames. All indications point to a crushing defeat for the ex-vice president during the forthcoming presidential polls. Suddenly, Atiku has found himself in limbo, literally operating in his own…
Read More » - Economy
FG deployed fuel subsidy savings to service rising debt obligations, says Oyedele
Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele on Thursday revealed that the petrol subsidy savings were deployed to servicing rising debt obligations, implementing the new national minimum wage and financing student loans. Oyedele in a question-and-answer session at the Seventh Africa Emerging Market Forum in Abuja added that part of the savings were channeled towards…
Read More » - Business
Equities market drops by N1.01trn on sell off in HBM Nigeria, 44 others
Losses in HBM Nigeria Plc and 44 others pulled the Nigerian equities market dropped by N1.01 trillion, extending the negative reaction to two trading consecutive sessions. The All-Share Index declined by 1,617.91 per cent, representing a loss of 0.66 per cent, to close at 245,362.26 points. Similarly, the overall market capitalisation value lost N1.01 trillion to close at N 158.340…
Read More » - Homeland News
Lagos, other South-West states top in petroleum products consumption in H1 2026
The Major Energies Marketers Association of Nigeria (MEMAN) in report has revealed that Lagos, other South-West states in Nigeria led other regions in petrol, diesel and cooking gas consumption in the first half (H1) of 2026. The association in a report Nigeria Half Year Downstream Industry revealed that South-West took the lead in Premium Motor Spirit (PMS) or petrol, which…
Read More » - Uncategorized
H1 2026: Dangote Cement declares 34% increase in profit before tax to N560.22bn
Dangote Cement Plc on Thursday announced its half year ended June 30, 2026 with profit before tax (PBT) that gained 34 per ent to N560.22 billion, supported by strong operating performance and significantly lower finance costs. However, the benefit to earnings was moderated by a tax charge of N242.79 billion, translating to an effective tax rate of 43.3per cent, resulting…
Read More » - Business
CBN wins as appellate court sets aside N100.1m garnishee order
The Central Bank of Nigeria (CBN) on Wednesday, secured a major legal victory after the Court of Appeal, Abuja Division, in a landmark, jurisprudentially significant and precedent-reinforcing judgment delivered by Justice Okon Abang, overturned the Federal High Court’s decision attaching a purported N100.1 million judgment debt against the apex bank in a dispute involving the Imo State Government. In a…
Read More » - Uncategorized
Femi Otedola purchases N222.2bn First Holdco shares on NGX
The chairman of First Holdco Plc, Mr.. Olufemi Otedola has acquired an additional N222.2 billion worth of Group on the floor Nigerian Exchange Limited (NGX). According to market disclosure on the Exchange, the billionaire investor acquired further 1,779,094,976 shares of the Group at N124.90 per share, making it a single purchase he has made in the financial institution. The…
Read More » - Business
FX inflows up by 14% to $109.9bn in 2025, says CBN
The Central Bank of Nigeria (CBN) said Nigeria’s foreign exchange inflows rose by 14 per cent to a record $109.86 billion in 2025, driven largely by stronger autonomous inflows from non-oil exports, capital importation, and over-the-counter (OTC) purchases. According to the report, aggregate foreign exchange inflows into the economy increased from $96.53 billion in 2024 to $109.86 billion in 2025,…
Read More » - Perspectives
Obasanjo’s second attempt to ‘enthrone’ Obi as president, says Kola Amzat
On Saturday, April 04, 2026 at the commissioning of Gateway International Cargo Airport, Iperu, Ogun state, ex-president-Olusegun Obasanjo joined other Ogun leaders to welcome Nigerian president-Asiwaju Bola Tinubu at the Airport for the commissioning of the gigantic project. The ex-president, decked in overflowing Agbada Tinubu themed attire made of local Adire fabrics, a development that sent tongues wagging for several…
Read More » - Economy
Dangote refinery emerges as Nigeria’s growing manufacturing capability, says FG
The Federal Government has expressed that Dangote Petroleum Refinery and Petrochemicals has emerged as a powerful symbol of Nigeria’s growing manufacturing capability, value addition and industrial competitiveness across the globe. This was disclosed by Minister of State for Industry, Senator John Owan Enoh after leading a high-level delegation from the Ministry on an extensive tour of the 700,000 barrels-per-day Dangote…
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