A wide disparity in the ability of companies listed on the Nigerian Exchange Limited, NGX, to cover their debt obligations with cash has emerged, with some companies holding several times more cash than debt, while others have cash covering only a fraction of their outstanding borrowings. Analysts noted that the cash/debt position of some of […]
The Federal High Court in Abuja’s order directing the Nigerian Midstream and Downstream Petroleum Regulatory Authority to continue granting and renewing petroleum products import licences has opened a fresh battle over fuel imports as domestic refining capacity expands. The ruling has put the court’s decision in Abuja alongside a pending suit by Dangote Petroleum Refinery […]
More than 1,000 persons, mostly women, children and the elderly, have been displaced following a three day intensive communal conflict between members of the Mambilla and Fulani communities in Geroji settlements, Mbamnga Ward of Sardauna Local Government Area of Taraba State. The violence, which reportedly erupted on September 16, 2026, left about 340 houses burnt, […]
President Bola Tinubu on Monday hosted billionaire businessman, Femi Otedola, at a private dinner in Paris, France, as the President continues his extended stay in Europe. Otedola disclosed the meeting in a post on his X handle on Tuesday, sharing a photograph of the two men smiling side by side. He expressed support for Tinubu’s […]
The Federal Government’s Mining Marshals have launched a coordinated enforcement and compliance operation across parts of Nasarawa State as authorities intensify efforts to tackle illegal mineral exploitation and enforce mining regulations. The operation followed complaints over alleged illegal mining activities in parts of the state and involved inspections aimed at identifying unauthorised operators and determining […]
The Federal Government has signalled plans to deepen Nigeria’s economic relationship with Saudi Arabia, with greater emphasis on agriculture, energy, investment, aviation, financial technology and trade. The Minister of Information and National Orientation, Mohammed Idris, disclosed this in Abuja on Wednesday at a reception marking the 96th National Day of the Kingdom of Saudi Arabia. […]
Filling station operators across the country are under pressure to check and recalibrate their dispensing equipment as the Nigerian Midstream and Downstream Petroleum Regulatory Authority intensifies its crackdown on outlets accused of under-dispensing petrol to motorists. The regulator’s latest directive followed a series of enforcement operations carried out in the past, in which several filling […]
The Federal Government has introduced a new interest regime for late tax payments, linking the cost of delayed payments more closely to prevailing market rates and tightening the financial consequences for taxpayers who delay paying public revenue. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has issued the Nigeria Tax Administration […]
Former Kaduna State Governor Nasir El-Rufai has addressed the silence of some of his former colleagues, friends, and family members amid his current circumstances, saying he bears neither hatred nor resentment toward those who have chosen not to stand by him. The former Minister of the Federal Capital Territory made this known in a statement […]
Oyo State Governor and presidential candidate of the Allied Peoples Movement (APM), Seyi Makinde, has arrived in Katsina State as he begins a fresh phase of his campaign for the 2027 presidential election. Makinde is in Katsina for a North-West zonal town hall meeting with citizens, political stakeholders and other groups as part of the […]
