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FG to repatriate Nigerians stranded in Central African Republic
The Federal Government is set to rescue and repatriate a group of Nigerian workers stranded in the Central African Republic. The Ministry of Foreign Affairs in Abuja disclosed this in a statement on Friday, following a viral video that showed the distressed individuals abandoned in the Bambari region, about 850km from the country’s capital, Bangui. It confirmed that officials of…
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I’m vindicated, says Onasanya as court throws out loan controversy case
Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out the controversial loan-related case involving his name. Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, struck out the case after the anti-graft agency, the Economic and Financial Crimes Commission (EFCC), withdrew the…
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Commodities Exchanges, warehouses can unlock $500bn, says Agama
The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has disclosed that by formalising Commodities and Warehouse receipts the capital market can unlock $500 billion in dormant agricultural and mineral assets. Dr Agama who stated this at a national workshop of the Chartered Institute of Stockbrokers in Abuja Tuesday, said the move would transform them into tradeable securities.…
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Buhari’s Burial: Lagos APC berates ADC over remarks against Tinubu
The All Progressives Congress (APC) in Lagos State has berated the African Democratic Congress (ADC) for accusing President Bola Tinubu of using the death of former President Muhammadu Buhari for political gain. Lagos APC in a statement issued on Saturday by its Spokesman, Seye Oladejo, said the President’s actions, attending memorials and delivering tributes, were a reflection of genuine loyalty…
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Sterling HoldCo gets shareholders’ approval to raise $400m fresh capital
Sterling Financial Holdings Company Plc said it has secured its shareholders’ approval to raise up to $400 million. On June 19, Sterling announced plans to raise $400 million through a rights issue, a public offering, and a private placement. In a corporate notice dated July 14, posteed on the Nigerian Exchange Limited (NGX) and signed by, the company secretary, Adeyoola…
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PHOTO NEWS: Deutsche Bank delegation visits Aviation Minister in Abuja
The Head, Sub-Sahara Africa (Corporate banking) of Deutsche Bank, Mr. Andreas Voss, among other delegation of the bank on Tuesday paid me a courtesy call to Minister of Aviation and Aerospace Development, Festus Keyamo (SAN). office in Abuja. Voss at the meeting expressed interest in investing in a number of sectors in Nigeria, including the aviation sector. The Minister of…
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NNPCL grows profit by 14% to N1.05trn in May 2025
The Nigerian National Petroleum Company Limited (NNPCL) reported N1.05 trillion profit after tax in May 2025, about 14 per cent increase over N926billion reported in April 2025. The latest Monthly Report Summary released by the national oil company, showed that it generated a total revenue of N6.008trillion in May 2025, marking a marginal increase from the N5.972trillion posted in April,…
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NDLEA nabs ex-international footballer, business partner over alleged attempt to smuggle cocaine
The National Drug Law Enforcement Agency (NDLEA) has arrested an ex-international football player and his businessman partner over an alleged attempt to smuggle a consignment of cocaine into Nigeria through the Murtala Muhammed International Airport, (MMIA) Ikeja, Lagos. The NDLEA said the business partner was arrested upon his arrival at the Lagos airport on Tuesday, June 24, 2025. A statement by…
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PHOTO NEWS: President Tinubu hosts Brazilian Vice President in Abuja
By Kunle Sanni – President Bola Tinubu received the Vice President of Brazil, Geraldo Alckmin, at the State House, Abuja, on Tuesday. As earlier reported by Western Post, Vice President Kashim Shettima, who welcomed Alckmin at the airport earlier that day, described the relationship between both countries as a model for South-South cooperation based on mutual respect and practical ambition.
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Nigeria’s revenue increases by 40% to N6.9trn in Q1 2025, says Wale Edun
Minister of Finance and Coordinating Minister for the Economy, Wale Edun has said Nigeria recorded N6.9 trillion in revenue in the first quarter (Q1) of 2025. Edun spoke on Monday at the citizens and stakeholders’ engagement on the implementation of President Bola Tinubu’s priorities for the second quarter (Q2) in Abuja. He said the figure represents a 40 per cent…
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