NNPC declares ₦5.4trn profit after tax
The Nigerian National Petroleum Company (NNPC Limited) has announced its financial performance for the full year ended 2024, reporting a profit after tax of ₦5.4 trillion on revenue of ₦45.1 trillion.
The results, shared during...
At G20 Summit: Tinubu demands equity in global mineral trade, AI
* Says wealth of critical minerals must translate into shared prosperity in Africa * Seeks fair handling of global financial flows, recurring debt crises * Urges world leaders to take bold steps...
FAAC shares N2,094trn to FG, 36 States, 744 LGAs for October allocation
A total of N2.094 trillion from the October 2025 Federation Account revenue has been shared among the Federal Government, the 36 States and the 774 local government councils.
The allocation was confirmed at the November...
Dangote refutes claims FG tariff reversal responsible for pump price reduction
By El-ameen Ibrahim, Abuja
Dangote Petroleum Refinery has dismissed as misleading a wave of publications suggesting that recent pump price reductions by oil marketers is triggered by the Federal Government’s reversal of the 15 per...
44 Reps write Tinubu, want him to release Nnamdi Kanu — seek political solution...
Forty-four members of the House of Representatives have canvassed fresh solution to lingering insecurity in the South-East and urged President Bola Tinubu to invoke his constitutional powers to order the release of detained leader of proscribed...
SERAP gives CBN 7 days to give details of missing N3trn of public funds
The Socio-Economic Rights and Accountability Project (SERAP) has urged the Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso, to promptly account for and explain the whereabouts of the missing or diverted N3 trillion of...
Wale Edun reacts to S&P rating on Nigeria, vows to strengthen economy
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reacted to the decision of S&P Global Ratings to revise Nigeria’s outlook to Positive from Stable, saying that the government would...
Reforms: S&P raises Nigeria’s outlook to ‘positive’
S&P Global Ratings revised its outlook on Nigeria to “positive” from “stable” on Friday, backing the ongoing economic reforms.
It also affirmed the country’s rating at “B-/B”.
“In our view, the monetary, economic, and fiscal reforms...
Air Peace: Why our services were disrupted, lost $15m
Air Peace Limited has attributed the sudden disruptions in its domestic operations to the “illegal” withdrawal of three aircraft by its wet lessor, Smartlynx Airlines, adding that owing to this, it has lost $15...
NCP moves to regularise sake of Afam Power Plant to Transcorp Power Consortium...
The National Council on Privatisation (NCP) on Thursday approved the request by the Bureau of Public Enterprise (BPE) to follow through on the engagement with Transcorp Power Consortium to secure execution of the Performance...
I never cheated on Peller – Jarvis
Content creator Jarvis has addressed circulating rumours about her relationship with influencer Peller, firmly denying any claims of unfaithfulness.
The clarification follows her confirmation of...
Akpabio receives US ambassador, seeks more collaboration between US, Nigeria
Senate President Godswill Akpabio, on Wednesday, received the US Ambassador to Nigeria, Richard Mills Jnr, stressing the need to strengthen the relations between the...
CAN finds Ini Edo’s ‘A Very Dirty Christmas’ movie title insulting...
The Christian Association of Nigeria has criticised the title of a newly released Nollywood film, A Very Dirty Christmas, describing it as offensive to...
UBA, Lagos state sign $100m deal to finance vehicles for LagRide...
United Bank for Africa (UBA) has signed a $100 million partnership with the Lagos State government and LagRide to finance vehicles for 3,500 ride-hailing...
PHOTOS: NLC members protest in Lagos, Abuja over ‘nationwide’ insecurity
Members of the Nigeria Labour Congress (NLC) on Wednesday protested over the security concerns in some parts of the country.
Despite a meeting between President...