Habeeb biodun bamigboye

In an era marked by complex global challenges, collaborative platforms for innovation are more critical than ever. Stanbic IBTC is set to host a defining event for the nation’s commercial landscape: the Nigeria Business Summit. This pivotal gathering will take place on Wednesday and Thursday, 01 and 02 April 2026, at the Landmark Event Centre […]

Ultimum Limited, a prominent food and beverage manufacturer, has officially commissioned a state-of-the-art production facility in Aba, Abia State. This strategic move marks a pivotal moment for the company and its parent entity, the Kadji Group, signaling a significant expansion of its operational footprint within Nigeria’s competitive manufacturing landscape. The new plant, situated in the […]

Economists Advocate for Local Value Addition to Curb Soaring Import Costs In response to the economic pressures emanating from the ongoing Middle East crisis, Nigerian economists are issuing a unified call for the federal government to prioritize building domestic capacity for adding value to raw materials. This strategic shift is seen as critical for reducing […]

In a significant demonstration of cyber resilience, First City Monument Bank (FCMB) successfully intercepted and recovered the majority of funds from a sophisticated N2.4 billion cyber heist. The attempted fraud, discovered in December 2025, targeted a digital product offered by the bank and initially aimed to siphon over N3 billion. This incident underscores the critical […]

A significant fire has caused extensive damage at the Ebonyi State Ministry of Health’s cold storage facility, resulting in the destruction of vital medical supplies and infrastructure valued at millions of naira. The blaze, which occurred in the early hours of Friday at the ministry’s complex in Centenary City, Abakaliki, has delivered a severe blow […]

Africa’s Deepening Housing Crisis: A Deficit Set to Triple by 2030 Africa is confronting a severe and growing housing shortage, with a current deficit exceeding 50 million units. According to Festus Adebayo, Convener of the Africa International Housing Show (AIHS), this gap is projected to skyrocket to 130 million units by 2030 without immediate and […]

Eko Electricity Distribution Company (EKEDC) has confirmed a significant power outage across multiple areas of Lagos State. The disruption stems from a severe fire incident that occurred along the Lekki-Epe Expressway on Saturday. According to an official statement from the utility provider, the blaze was triggered by a collision involving a stationary gas tanker, causing […]

In a significant international operation, the Government of Ghana has successfully secured the repatriation of 44 of its citizens from a fraudulent recruitment scheme in Nigeria linked to the company QNET. The coordinated rescue underscores the ongoing threat posed by sophisticated cross-border employment scams. The Ministry of Foreign Affairs and Regional Integration confirmed the operation […]

In a significant intervention, Pinterest CEO Bill Ready has issued a global call to action, urging governments to implement bans preventing children under the age of 16 from accessing social media platforms. Ready contends that current industry safeguards are fundamentally inadequate to protect young, developing adolescents from digital harm. Writing in an opinion piece for […]

In a significant escalation of ongoing Middle Eastern tensions, former United States President Donald Trump has issued a 48-hour ultimatum to Iran, demanding the full reopening of the Strait of Hormuz. The warning, communicated via a late-night post on his Truth Social platform and subsequently shared by the official White House X account, threatens military […]

As Nigeria’s residential landscape evolves, a leading industry voice has issued a clear directive: the homes of tomorrow must be self-sufficient and prepared for the future of transportation. Festus Adebayo, Chief Executive Officer of the Africa International Housing Show (AIHS), has emphasized that integrating independent power and electric vehicle (EV) readiness is no longer a […]

As the Bank of Ghana prepares for its pivotal March 18 monetary policy committee announcement, the nation’s inflation trajectory confronts new and significant external headwinds. The central bank, having embarked on a cycle of monetary policy easing since July 2025 in response to a record deceleration in inflation, now faces a complex economic landscape shaped […]

The Nigerian Naira extended its recent rally in the official foreign exchange market on Monday, reaching its strongest valuation in four weeks. According to data released by the Central Bank of Nigeria (CBN), the domestic currency appreciated to N1,355 per US dollar. This marks a notable improvement from the N1,363.5 rate recorded at the previous […]

In a significant enforcement operation, the Apapa Command of the Nigeria Customs Service (NCS) has intercepted a massive shipment of illicit pharmaceuticals. Officials seized 3,398 cartons of codeine syrup with a street value estimated at N3.39 billion at the Apapa Port in Lagos. The command vows to ‘keep the port secure from such dangerous imports, […]

Dangote Industries Limited has formalized a landmark $4.2 billion natural gas supply agreement with China’s GCL Group. The deal, signed in Lagos by company President Aliko Dangote, secures the long-term energy requirements for a major upcoming fertilizer production facility in Ethiopia. This strategic partnership underscores a significant commitment to industrial development in the region. The […]

For over a decade, Nigerian Treasury bills have been regarded as a premier safe haven for capital preservation. However, a stark reality lies beneath the surface of seemingly positive returns. An investment of N1 million in T-bills in 2009 would have grown to approximately N4.7 million by 2024. Yet, when adjusted for inflation, the purchasing […]

While Nigeria’s insurance sector has historically experienced lower penetration than banking and fintech, it is now on a definitive growth path. Recent industry data reveals a period of significant expansion, marked by strengthening institutional foundations and robust premium generation. This evolving landscape is being actively shaped by a growing cohort of influential female executives, whose […]

In a decisive response to mounting global supply concerns, the International Energy Agency (IEA) has coordinated a historic release of 400 million barrels of oil from strategic reserves. The announcement, made by IEA Executive Director Fatih Birol, follows unanimous agreement among member states to address market disruptions stemming from regional conflict. Director Birol framed this […]

In the dynamic landscape of mobile technology, where devices are central to productivity and connectivity, Infinix has strategically launched its NOTE 60 Series in Nigeria. The flagship NOTE 60 Pro emerges as a compelling answer to modern demands, integrating flagship-level performance, an interactive design philosophy, and robust battery technology into a single device. Flagship Performance […]

Recent data from Nigeria’s National Bureau of Statistics (NBS) reveals a significant and concerning trend in the nation’s economy. According to the latest Foreign Trade Statistics report, Nigeria’s expenditure on imported food and beverage products reached a staggering N7.65 trillion in 2025. This figure underscores a deepening dependence on foreign food supplies, driven by rising […]

A significant realignment within the global Anglican Communion is now formalized, as conservative leaders have established a new international governing body. This move deepens a longstanding rift over doctrinal authority and social issues, challenging the traditional structure of the worldwide Anglican fellowship. The creation of the Global Anglican Council was announced by the Global Anglican […]

The Senate Committee on Public Accounts has issued a formal summons to Mele Kyari, the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), alongside members of his management team. This action is in response to alleged financial discrepancies totaling N210 trillion identified in the company’s records. Committee Chairperson Senator Ahmed […]

Former Attorney-General of the Federation, Mohammed Bello Adoke, has formally demanded an unreserved apology from the Nigerian government. He cites years of alleged persecution and humiliation connected to the long-running OPL 245 oil block dispute, a case that underscores the complex challenges in managing the nation’s top 10 assets. Adoke issued a statement welcoming the […]

The tragic death of journalist Kani Ben of Channels Television, following a bus accident while on official assignment in Bauchi State, is a profound loss. Our deepest condolences go to his family, the NUJ community, and his colleagues. This incident, however, transcends a single, isolated tragedy. It highlights a systemic and chronic failure in the […]

The Independent National Electoral Commission (INEC) has formally published the definitive roster of candidates for the Osun State governorship election scheduled for 8 August. This crucial document, which adheres to the commission’s approved timetable, marks a significant milestone in the electoral process. The final list was communicated via a letter dated 4 March from INEC […]

Dangote Refinery Public Share Offering to Open for Nigerian Investors Dangote Refinery Announces Timeline for Public Share Offering In a significant development for Nigeria’s capital markets, Aliko Dangote, Chairman of the Dangote Group, has announced that the Dangote Refinery will be open for share purchases by ordinary Nigerians within the next four to five months. […]

Nigeria Secures Legal Victory in $6.2M Arbitration Against European Dynamics Nigeria Prevails in $6.2 Million International Arbitration Case An international arbitration tribunal has dismissed a $6.2 million claim brought by European Dynamics UK Ltd against the Federal Government of Nigeria concerning a national e-Procurement project. The ruling, disclosed by the Office of the Attorney General […]

NAFDAC Issues Critical Alert on Tampered Infant Formula in Kaduna NAFDAC Warns Public Over Revalidated Infant Formula in Kaduna The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a critical safety alert to healthcare providers and consumers regarding a suspected revalidated batch of SMA Gold First Infant Milk Formula found for […]

Nigeria’s N5 Trillion Post-Harvest Crisis: OTACCWA Warns of Systemic Failures Nigeria Records N5 Trillion in Post-Harvest Losses, Threatening Food Security The Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA) has revealed that Nigeria incurred staggering post-harvest losses estimated between N3.5 trillion and N5 trillion in 2025. The disclosure, made by OTACCWA President […]

Zenith Bank Warns Public Over Fake Jim Ovia Investment Scheme Video Zenith Bank Issues Alert on Fraudulent “Wealth Bridge” Video Featuring Doctored Jim Ovia Clip Zenith Bank Plc has issued a formal disavowal of a digitally manipulated video and images circulating on social media. The fraudulent content falsely depicts the bank’s Group Chairman, Jim Ovia, […]

COCOBOD Executives Implement Salary Cuts Amid Cocoa Sector Liquidity Crisis Ghana Cocoa Board Leadership Takes Voluntary Pay Reduction to Address Financial Pressures In a decisive move to navigate significant liquidity challenges, the executive management and senior staff of the Ghana Cocoa Board (COCOBOD) have voluntarily implemented salary reductions. The measure, confirmed in an official press […]

Warner Bros Rejects Revised Paramount Bid, Awaits Final Offer | Corporate Merger Update Warner Bros Discovery Rejects Revised Bid, Sets Deadline for Final Paramount Skydance Offer In a significant development in the high-stakes media merger landscape, Warner Bros Discovery has formally rejected a revised unsolicited acquisition proposal from Paramount Skydance. However, the company has signaled […]

Lagride Deploys New Fleet Under UBA-Backed $100 Million Drive-To-Own Initiative Lagride Accelerates Driver Ownership with UBA-Financed Vehicle Deployment Ride-hailing platform Lagride has officially deployed a new batch of vehicles in Lagos as part of its ambitious Drive-To-Own scheme. This strategic initiative, supported by a substantial $100 million financing facility from the United Bank for Africa […]

Grey Business Launch: A New Era for African Startup and SME Payments Grey Launches ‘Grey Business’ to Simplify Global Payments for African Startups and SMEs Global fintech leader Grey has officially launched Grey Business, a transformative multi-currency payments platform. Designed specifically for startups and SMEs across Africa and other emerging markets, the platform aims to […]

U.S. Denaturalization Efforts Expand Under Trump Administration U.S. Government Intensifies Scrutiny of Naturalized Citizens The Trump administration has significantly escalated efforts to identify and revoke the citizenship of naturalized Americans, marking a major expansion of federal denaturalization programs. According to reports, U.S. Citizenship and Immigration Services (USCIS) has reassigned personnel across its nationwide field offices […]

Significant Ethereum Exodus: $660 Million Withdrawn Amid Market Pressure Major Ethereum Exodus Sees $660 Million Pulled from Exchanges Cryptocurrency markets have witnessed a substantial shift in Ethereum holdings, with investors withdrawing approximately 330,000 ETH, valued at $660 million, from centralized exchanges over a six-day period. This movement, based on on-chain data from Santiment shared by […]

NGX Extends Rally to Ninth Session as Seplat Leads Advancers Seplat Powers NGX to Ninth Straight Gain as Index Nears 179,000 The Nigerian Exchange (NGX) extended its winning streak on Wednesday, February 12, 2026, closing firmly in positive territory. The All-Share Index (ASI) rose by 441.3 points, a gain of 0.25%, to settle at 178,625.6. […]

Lagos Coastal Road Crackdown: 75 Arrested, Illicit Drugs Seized in Late-Night Raid Lagos Intensifies Coastal Road Security, Arrests 75 in Major Crackdown The Lagos State Government has announced the arrest of 75 individuals and the recovery of suspected illicit drugs during a targeted enforcement operation along the strategic Coastal Road. The late-night raid, conducted by […]

CBN Imposes N10 Million Fine for Unapproved Cheque Security Features CBN Revises Sanctions, Mandates N10m Fine for Cheque Standard Violations The Central Bank of Nigeria (CBN) has issued a stringent revision to its sanction framework, imposing fines of up to ten million naira on banks and accredited printers for utilizing unapproved security features on cheques. […]

Top 10 African Countries with the Highest Minimum Wages in 2026 African Minimum Wages in 2026: Economic Growth Fuels Worker Support In an era where wages are a critical lifeline for everyday survival and dignity, African nations are navigating complex economic landscapes to bolster worker incomes. This effort unfolds against a backdrop of projected continental […]

InfraCredit Strengthens Balance Sheet with Full Redemption of AFC Preference Shares InfraCredit Completes Landmark Redemption of AFC USD Preference Shares Infrastructure Credit Guarantee Company Plc (InfraCredit) has announced the full and final redemption of the 7.246% Redeemable Cumulative USD Preference Shares held by Africa Finance Corporation (AFC). The transaction, executed on 25 November 2025, was […]

NIS Clarifies Passport Issuance: No Region Barred Amid Reform Gazette Furore Nigeria Immigration Service Denies Regional Passport Restrictions The Nigeria Immigration Service (NIS) has formally denied media reports alleging the barring of any region from passport issuance. In a statement released on Saturday, February 7, 2026, by its Public Relations Officer, A.S. Akinlabi, the Service […]

Navigating Nigeria’s Record-Breaking Equity Market: A Strategic Guide for Investors Navigating Nigeria’s Record-Breaking Equity Market: A Strategic Guide for Investors The Nigerian equity market is experiencing a historic rally, with the benchmark NGX All-Share Index (ASI) recently closing at an unprecedented 171,727.49 points. This represents a significant surge, driven by robust buying activity in key […]

Nigerian National Sentenced in U.S. for $6.8 Million Inheritance Fraud Scheme U.S. Court Sentences Nigerian National in Multimillion-Dollar Inheritance Fraud A federal court in the United States has sentenced Tochukwu Albert Nnebocha, a Nigerian national, to over eight years in prison for orchestrating a sophisticated inheritance fraud scheme that defrauded elderly Americans of millions. The […]

Federal Government Commissions Critical Repairs on Gwada-Shiroro Road | Infrastructure Update Federal Government Commissions Critical Repairs on Niger State’s Gwada-Shiroro Road The Federal Government has officially commissioned completed emergency repairs on critically failed sections of the Gwada-Shiroro Road in Niger State. According to a statement released on the Federal Ministry of Works’ website, the intervention […]

Presco Plc Announces 57% Surge in Annual Pre-Tax Profit for 2025 Presco Plc Reports Robust 57% Annual Profit Growth Amid Strategic Expansion Presco Plc has unveiled a formidable financial performance for the fiscal year ending December 31, 2025, according to its unaudited accounts. The agribusiness giant recorded a profit before tax of ₦178.56 billion, representing […]

Consolidated Hallmark Reports N9.7 Billion Profit for 2025 Amid Investment Income Shift Consolidated Hallmark Holdings Plc Announces 2025 Financial Results Consolidated Hallmark Holdings Plc has released its audited financial statements for the year ended December 31, 2025, reporting a profit before tax of N9.70 billion. This figure represents a significant 58.3% decrease from the N23.28 […]

Royal Exchange Plc Announces Leadership Transition: Ikeme Osakwe Appointed Chairman Royal Exchange Plc Announces Board Leadership Transition In a significant corporate development, Royal Exchange Plc has confirmed a major change in its board leadership. The company announced the appointment of Mr. Ikeme Osakwe as its new Group Chairman, succeeding Mr. Kenny Ezenwani Odogwu, who has […]

EFCC Arraigns Alleged Fake Investor for $525,276 Fraud Targeting Americans | Court Case Update EFCC Arraigns Alleged Fake Investor Over $525,276 Fraud Involving Americans The Economic and Financial Crimes Commission (EFCC) has arraigned one Victor Ekpong Thompson before the Federal High Court in Uyo for allegedly defrauding several American citizens of $525,276 through a fictitious […]

Nigeria Police Arrest Six in N7.7 Billion Telecom Fraud Syndicate | Cybercrime Crackdown Nigeria Police Dismantle Syndicate in N7.7 Billion Telecom Fraud Case The Nigeria Police Force–National Cybercrime Centre (NPF-NCCC) has announced the arrest of six individuals allegedly involved in a sophisticated N7.7 billion telecommunications fraud scheme. The operation, which targeted the illegal diversion of […]