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Abuja Dangote Cement Plc shareholders will receive a record dividend of N45 per share for the 2025 financial year, which represents a 50% increase over the previous payout and further strengthens the company’s position as one of the most profitable investments in the Nigerian capital market. The company has paid out more than $3.3 trillion in dividends to shareholders over …

… The country is moderately indebted by global standards …. Urges FG to increase revenue or risk reimbursement challenges Daud Olatunji The World Bank has said Nigeria’s biggest fiscal challenge is not the size of its debt but the country’s persistently weak revenue generation, warning that unless public profits improve, servicing existing loans and financing crucial development projects will remain …

The Court of Appeal in Ibadan has overturned an earlier decision allowing Muslim students at the International School, University of Ibadan (ISI), to wear the hijab as part of their approved school uniform, and ruled that the institution is not bound by legal precedents governing public schools. In the majority decision delivered on Friday, two members of the three-person appellate …

Nollywood actor James Olarenwaju, popularly known as Baba Ijesha, has revealed that the Ooni of Ife, Oba Adeyeye Ogunwusi, honored him with a new car, lavish gifts and traditional titles after the birth of his son. The actor made the announcement via a Facebook post on Thursday, in which he publicly thanked the revered monarch for what he described as …

MTN Nigeria Communications Plc has received a major credit rating upgrade from Agusto & Co., with its long-term nationwide rating upgraded to Aaa, the highest possible rating, from Aa+, reinforcing the telecommunications giant’s strong financial position and market leadership. The ratings agency also reaffirmed the company’s short-term rating at A1+ and maintained a stable outlook, according to a corporate disclosure …

The Federal Government has officially demanded an investigation into the death of a Nigerian citizen, Usama Murtala, who died while detained in Ivory Coast, and called for compensation for his family. The demand was made on Friday when Minister of Foreign Affairs Ambassador Bianca Odumegwu-Ojukwu received Ivorian Ambassador to Nigeria Kalilou Traore at her office in Abuja. The meeting came …

The National Association of Nigerian Students (NANS) has appealed to President Bola Tinubu not to take any action against the Chief of Staff to the President, Femi Gbajabiamila, over allegations arising from the controversy involving Prince Adeniyi Adeyemi, stressing that decisions of such magnitude should only be based on established facts and not unverified claims. In a statement issued on …

The recent six-month extension granted to the Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has helped protect the service from potential institutional disruptions and preserve the stability that has characterized his ongoing reform agenda. Last week, President Bola Ahmed Tinubu approved a six-month extension of Adeniyi’s term. According to the Presidency, the extension is intended to enable …

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Spokesperson for African Democratic Congress (ADC) presidential aspirant, Atiku Abubakar, Kenneth Okonkwo, has explained why the party chose former Minister of Transport, Rotimi Amaechi, as its vice presidential candidate instead of selecting a running mate from the South East. Okonkwo also dismissed claims that he opposed Amaechi’s candidacy, insisting that his previous comments reflected a geopolitical position and not a …