Business

When the Council of State met recently under the chairmanship of President Bola Ahmed Tinubu, one of the major decisions reached was the approval of sweeping reforms to the Nigerian Police Trust Fund (NPTF), including the repeal and re-enactment of its Constitution Act, the removal of the six-year sunset clause and an increase in the statutory financial allocation from 0.5% …

Investors earned N2.1 trillion as equity capitalization reached N93.2 trillion in the just ended trading week. The market recorded gains across all five trading sessions. Likewise, the All-Share Index (ASI) appreciated by 2.37% closing the week at 146,988.04 from 143,584.04 points recorded in the previous week. The Nigerian equity market started the week on Monday, October 6, 2025, on a …

Prof. Danladi of the University, praises Tinubu’s administrative reforms in the upstream oil and gas sector Lagos (Core Reporters) A university lecturer and energy governance scholar, Prof. Josiah Danladi, has praised President Bola Tinubu for what he described as a “bold and transformative recalibration” of Nigeria’s upstream oil and gas sector. Speaking at the Citizens Connect conference in Lagos, Prof. …

The political landscape in Enugu State is set for a major upheaval as Governor Peter Mbah prepares to lead the entire political structure of the state – including 24 members of the State House of Assembly and 260 councilors – into the All Progressives Congress (APC). The planned defection, described by insiders as the “death knell” of the Peoples Democratic …

The Economic and Financial Crimes Commission, EFCC, has arraigned a former Board Chairman of the Nigeria Social Security Trust Fund, NSITF, Ngozi Olejeme, before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja. She was arraigned on 8-count charges bordering on conversion, transfer, procurement and possession of proceeds of illegal activities amounting to N1000,000,000.00k (one billion Naira only). One …

The Nigerian Customs Service (NCS) has called for commitment from all stakeholders to ensure the successful implementation of the National Single Window (NSW) initiative aimed at simplifying Nigeria’s import and export processes through a unified digital platform. The Zonal Coordinator for Zone ‘A’, Assistant Comptroller General (ACG) Mohammed Babandede, made the call at the National One Window Stakeholder Engagement Forum …

Investors in the Nigerian equity market earned N308 billion at the close of trading on Thursday. This follows the soaring prices of shares such as Dangote Cement, NEM Insurance and Jaiz Bank Plc among others on the stock exchange floor. The benchmark All-Share Index (ASI) jumped to 146,988.04 points from 146,204.33 points recorded the previous day. After five hours of …

Tier 1 bank, Fidelity Bank Plc, has announced its readiness to begin disbursement of funds under the N5 billion credit intervention program of the National Credit Guarantee Company (NCGC). The initiative is designed to expand access to finance for micro, small and medium enterprises (MSMEs), as well as women- and youth-owned businesses across Nigeria. Fidelity Bank Plc Managing Director/Chief Executive …

Group hails Ojulari’s transparency as NNPCL submits responses to N210trn audit questions …The battery supports Tinubu’s vision in restoring the lost glory of NNPCL A coalition of civil society and accountability advocates under the aegis of the Network for Transparency and Economic Reform (NETER) has praised the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo …

Venezuelan opposition leader María Corina Machado has been announced as the winner of the 2025 Nobel Peace Prize, the Norwegian Nobel Committee announced on Friday. Maria Corina Machado He won the prize for his “tireless work in promoting the democratic rights of the Venezuelan people,” said the chairman of the Norwegian Nobel Committee, Jørgen Watne Frydnes. He called her a …