Business

NUT orders Oyo teachers to embark on indefinite strike against abducted colleagues and pupils – THIS UPDATE

The Nigerian Union of Teachers (NUT) has directed all public primary and secondary school teachers in Oyo State to withdraw their services from schools with effect from Monday, June 1, 2026, until further notice. The directive, issued by the union’s national leadership, is a protest against the continued captivity of abducted teachers and pupils, whose rescue and safe release remain …

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An expert reviews the mobile health awareness program for Esanland

*Wants solar energy infrastructure for Irrua Specialized University Hospital *Admonishes diaspora community to support health initiative for Edo Central *Calls for concerted efforts to end genital abuse A clinical applications specialist, Dr. Bernadette Aluele-Amao, has proposed the establishment of a mobile health outreach program that will provide medical services directly to underprivileged communities across Esanland, comprising five local governments in …

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Court orders removal of four directors from premium pension committee due to PEP status

An arbitral tribunal has ordered nominating shareholders and the board of directors of Premium Pension Limited to ensure the resignation or removal of four directors deemed to be politically exposed persons (PEPs), in a ruling that could reshape governance oversight within one of Nigeria’s leading pension fund administrators. The court, which issued its ruling on May 25, 2026, gave the …

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SERAP tells UN chief to report Nigeria to Security Council over kidnappings – THIS UPDATE

The Socio-Economic Rights and Accountability Project (SERAP) urged the United Nations Secretary-General, António Guterres, “to urgently invoke Article 99 of the United Nations Charter and bring to the attention of the United Nations Security Council Nigeria’s growing insecurity, marked by mass abductions, killings, attacks against civilians, mass displacement and other serious human rights violations.” The pressure group said the deteriorating …

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NNPC Ltd. records a profit of N481 billion

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded a profit after tax (PAT) of N481 billion for April 2026.The development represented a sharp jump from the $276 billion recorded in March, the company said in the summary of its April monthly report, published on its X handle.The company said its crude oil and condensate production rose …

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Economic reform shows promise, but the business world has not yet experienced its full benefits

The Nigerian Employers’ Consultative Association (NECA) says that despite signs of progress emerging from the Federal Government’s economic reforms, many businesses in the country are yet to experience the full benefits expected from the policy changes. Speaking in Abuja on Sunday, the Director-General of NECA, Mr Adewale-Smatt Oyerinde, acknowledged that recent reforms, particularly the removal of fuel subsidies and the …

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House probe charges at Freeport

By Bridgett Milton Capitol Hill, May 29, 2026: The House of Representatives has constituted a specialized committee to probe allegations of unlawful charges levied against businesses and ordinary citizens at the Freeport of Monrovia. The decision, reached Thursday, May 28, followed concerns by Grand Bassa County District #2 Representative J. Clarence T. Banks over persistent bottlenecks and exorbitant port fees …

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NDLEA discovers illicit drugs hidden in water purifiers imported from Europe

Officers from the National Drug Law Enforcement Agency have intercepted consignments of high-potency illicit drugs ingeniously hidden in water purifiers imported from Europe, as part of a series of coordinated operations across the country. The agency revealed that the discovery was made on May 26, 2026, at a courier facility in Lagos, where officers discovered no less than three kilograms …

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