Business

Fawaz Adebisi The Chairman of the Peoples Democratic Party in Ogun State, Dr. Abayomi Tella, has promised that a PDP-led administration would restore local government autonomy and ensure that statutory allocations are channeled directly to councils to promote grassroots development. Tella said the party was committed to reviving local governance, arguing that the existing arrangement had weakened the third level …

Special Adviser to President Bola Tinubu on Energy, Olu Arowolo Verheijen, said on Tuesday that the federal government had fulfilled its financial obligations to power companies under a settlement agreement. Speaking at the Investors Forum for the Presidential Power Sector Financial Reform Program (PPSFRP) – Series I, he said the administration of President Bola Ahmed Tinubu has demonstrated beyond doubt …

Mr. Lamido Yuguda Abubakar, the new Chairman of the Board of Directors, Asset Management Corporation of Nigeria (AMCON), second right, with the Managing Director/Chief Executive Officer of AMCON, Mr. Gbenga Alade, flanked by the Head of the Intergovernmental Department, AMCON, Sa’ad Ahmed (right), and the Head of the Department of Corporate Communications, AMCON, Jude Chiedozie Nwauzor (left), after the screening …

Post views: 40 Heartland FC has expressed deep sorrow over the death of its former General Manager, Promise Uchenna Nwachukwu, describing his demise as a painful loss to the club and Nigerian football. In a press release, the club’s management said they received the news of Nwachukwu’s death with shock, noting that Heartland would always remain grateful for his …

The Federal Government has announced that 13 oil and gas blocks offered during the 2025 Licensing Round will be withdrawn from the current bidding process because they failed to attract investor interest. The disclosure was made on Tuesday in Abuja by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, during the 2025 Commercial Offering Conference. …

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained its benchmark interest rate at 26.5 percent for the second time. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at the end of the 306th meeting of the committee in Abuja. Cardoso said, “The committee decided as follows: maintain the monetary policy rate at 26.5 percent.” …

A former deputy director of the Department of State Services, Dennis Amachree, has said Nigeria’s late head of state, General Sani Abacha, died of cardiac arrest during an intimate gathering at the presidential villa in Abuja, dismissing years of conspiracy theories about the military ruler’s death. Amachree made the revelation in her newly released memoir, DSS @40: My Journey Behind …

The Nigerian Civil Aviation Authority (NCAA) has revealed that Indigenous airline, Max Air refunded N182 million to 956 passengers in the second quarter (Q2) of 2026. The NCAA acknowledged the refunds in a post on X on Tuesday, but urged the airline to resolve passenger refund claims more quickly in accordance with Section 19 of the 2023 NCAA Rules. “In …

After extra time in an intense final, a well-coordinated pass between Pedro Porto who sent the ball into the back of the post and Nico Williams who sent the ball into space and Ferren Torres who pushed it into the back of the net, Spain scored the winning goal in the 105th minute. Playing against a 10-man Argentina team, Spain …

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), conducted a bond auction yesterday, offering a total of $1.2 trillion across three reopened maturities. According to a circular obtained by the authority, the size of the offering remained unchanged from June, reinforcing the government’s high financing requirements amid persistent fiscal pressures. The issuance will be evenly split, …