Business

The Federal Capital Territory High Court on Monday remanded former Syke Bank chairman Tunde Ayeni in Kuje Prison pending a decision on his bail application. Justice Jude Onwuegbuzie gave the order after Ayeni’s lawyer, Ahmed Raji, SAN asked for a short date for the defense to move the bail application. The judge adjourned the case to May 13, for the …

Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, to explore the potential of a Technical Equity Partnership (TEP) aimed at completing and operating the Port Harcourt and Warri refineries. The agreement was signed in Jiaxing City, …

By Maryam Ogunremi I woke up this morning feeling so alive and refreshed. I haven’t felt this way in days. My mind has been troubled, but I think a good night’s rest would have calmed it. I didn’t have that luxury because the weather had been quite hot. Sleeping on my bed had become tabooor. This is a serious taboo …

By Victor Osula, Abuja In its plan to become a major political bloc with a strong minority presence in the country, the National Democratic Congress (NDC) has stepped up efforts to build a formidable opposition platform ahead of the 2027 general elections, expanding its reach to minority political blocs and influential players in Nigeria’s political landscape. As part of its …

Justice Rahman Oshodi of the Special Offenses Court sitting in Ikeja, Lagos, on Monday, May 4, 2026, ruled that the extrajudicial statement made by Henry Omoile, co-accused of former Central Bank of Nigeria (CBN) governor Godwin Emefiele, is admissible in court. Omoile had challenged the admissibility of his statements to the Economic and Financial Crimes Commission (EFCC), claiming they were …

Investors in the Nigerian equity market earned N56 billion at the close of trading Monday. This follows a surge in the prices of shares such as NASCON, FTN Cocoa and CONHALL, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 243,161.52 points from 242,277.81 points on the previous trading day. After five hours of …

… The legal battle threatens the party’s legitimacy … Internal fractures are deepening between states … The leadership tussle extends to Kano in the south-west Daud Olatunji Barely 24 hours after their high-profile defection to the Democratic Congress of Nigeria, former presidential candidate Peter Obi and former Kano Rabiu state governor Musa Kwankwaso have been engulfed in a wave of …

By Victor Osula, Abuja The Debt Management Office (DMO) has unveiled its May 2026 Federal Government Savings Bond (FGN) offering, offering Nigerians investment options that offer returns of up to 14.525% per annum. Announced on Monday on behalf of the federal government, the offering is part of ongoing efforts to strengthen the domestic debt market and encourage a savings culture …

The United Arab Emirates (UAE) on Monday condemned an Iranian drone attack on commercial vessels linked to the Abu Dhabi National Oil Company (ADNOC) as they transited the Strait of Hormuz. The UAE Ministry of Foreign Affairs, in a statement, described the incident as a “blatant violation” of United Nations Security Council resolutions that stressed freedom of navigation and prohibited …

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has reportedly endorsed former Rivers State Commissioner for Works, Alabo Dakorinama George Kelly, as his preferred candidate for the 2027 governorship election in Rivers State under the platform of the All Progressives Congress (APC). Sources close to the matter said the decision followed a closed-door meeting held in Port Harcourt …