Business

By Victor Osula Abuja The Independent National Electoral Commission (INEC) has set June 20, 2026, for holding by-elections in six states of the federation, in a move aimed at filling vacant legislative seats and strengthening democratic representation in the country. The by-election will be held at the same time as the Ekiti State governorship election already scheduled for the same …

FirstBank, West Africa’s leading financial institution and financial inclusion services provider, has confirmed the appointment of Olayinka Ijabiyi as Group Head of Corporate Marketing and Communications.The appointment takes effect immediately and strengthens solid corporate governance at a crucial time in the Bank’s growth and transformation journey. Olayinka Thomas Ijabiyi is a seasoned marketing and corporate communications professional with over 25 …

The 2023 governorship candidate of the Peoples Democratic Party in Ogun State, Oladipupo Adebutu, has formally declared his intention to contest the state’s top seat again in the 2027 general elections. Adebutu conveyed his decision in a letter dated April 30, 2026, addressed to the Ogun State leadership of the PDP and routed through the party Chairman in Odogbolu Local …

The Tunji Braithwaite Foundation (TBF) has made arrangements for the 10th anniversary commemoration of lawyer, social justice advocate and politician, Dr Tunji Braithwaite, which will take place on Saturday 2 May 2026 at the Conference Hall of the Transcorp Hilton Hotel, Abuja, the Nigerian capital. Among the highlights of the event, which will have President Bola Tinubu as special guest …

Dangote oil refinery has approved the recall of engineers previously redeployed to its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions. In an internal communication to staff, the company said the decision followed an extensive review process and numerous appeals from respected individuals, stakeholders and engineers. The refinery noted that …

The crisis rocking the People’s Democratic Party deepened on Thursday when the party’s Board of Directors, led by former Senate President Adolphus Wabara, formally assumed control of the national leadership following a damning Supreme Court ruling that invalidated its latest national convention. The supreme court, in a split 3-2 decision, invalidated the PDP convention held in Ibadan, Oyo State, in …

By Ayo Kehinde President Bola Tinubu has appointed former KPMG Africa executive, Joseph Olasunkanmi Tegbe, as the new Energy Minister, subject to confirmation by the Senate. A statement signed on Thursday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, revealed that the nomination, forwarded to the Senate, is in line with constitutional requirements. The appointment follows …

The strong revenue performance significantly increased profitability and operating leverage. Earnings per share (EPS) rose 166% to N16.95, representing almost 30% of the company’s full-year 2025 EPS. If sustained, analysts predict that annualized EPS could reach about N67.80 in 2026, about 30% higher than last year’s figure. CEO Karl Toriola attributed the strong results to disciplined cost management and operational …

The Federal Government of Nigeria has strongly condemned the tragic killing of the Minister of Defense and Veterans Affairs of the Republic of Mali, Lt. Gen. Sadio Camara, following the terrorist attacks on April 25, 2026. Kimiebi Ebienfa, spokesperson for the Ministry, conveyed this message in a statement on Thursday 30 April 2026, expressing Nigeria’s deepest condolences to the bereaved …

Nigeria will spend a staggering ₦15.81 trillion on public debt servicing in fiscal 2026, underscoring mounting fiscal pressures in the country’s record budget of ₦68.32 trillion. The spending plan, recently approved by the National Assembly and signed into law by President Bola Ahmed Tinubu, allocates a significant portion of total spending to debt obligations, raising new concerns about the sustainability …