Novagist

Meta Faces Landmark Child Safety Trial in New Mexico | Legal Precedent Explained Meta to Stand Trial in New Mexico Over Child Safety Allegations The first stand-alone trial resulting from a wave of state lawsuits against Meta Platforms Inc. is scheduled to commence on Monday, February 2, 2026, in New Mexico. This pivotal case, initiated […]

CPPE Advocates for National Farm Price Stabilisation Framework | Policy Analysis Policy Think Tank Calls for National Framework to Stabilize Farm Prices and Incomes The Centre for the Promotion of Private Enterprise (CPPE) has issued a formal appeal to the Federal Government for the establishment of a rules-based national farm price stabilisation framework. This initiative […]

Nigeria Forges Path as Africa’s First Electric Vehicle Manufacturing Nation Nigeria Positions to Become Africa’s Premier Electric Vehicle Manufacturer In a landmark move for continental industrialization, the Federal Government of Nigeria has taken a decisive step toward establishing the first dedicated Electric Vehicle (EV) manufacturing plant in Africa. This initiative, realized through a strategic Memorandum […]

World Bank’s Mission 300 Aims to Power 17.5 Million Nigerians World Bank Initiative Targets Energy Access for 17.5 Million Nigerians The World Bank has announced that its ambitious Mission 300 program will provide household energy access to an estimated 17.5 million people in Nigeria. This engagement with the Federal Government is designed to stimulate job […]

Strategic Capital Allocation: How Nigerian Billionaires Are Projected to Invest in 2026 Navigating Economic Headwinds: The 2026 Investment Outlook for Nigeria’s Wealth Elite While millions of Nigerians contend with inflation and exchange-rate volatility, the nation’s billionaire class operates from a distinct vantage point, functioning as sophisticated global capital allocators. Their primary focus remains on hedging […]

Federal High Court Remands NEDC Coordinator Over N2.2 Billion Fraud Allegations NEDC Project Coordinator Remanded in Prison Over N2.2 Billion Fraud Case A Federal High Court in Abuja has ordered the remand of Alhaji Mohammed Danjuma, the National Coordinator of the Multi-Sectoral Crisis Recovery Project (MCRP) for the North East Development Commission (NEDC), in the […]

CBN Approves Temporary Use of Expired NAFDAC Licences for Import Documentation CBN Grants Temporary Relief for Importers Using Expired NAFDAC Licences In a significant move to ensure business continuity, the Central Bank of Nigeria (CBN) has authorized a temporary dispensation for importers to utilize expired National Agency for Food and Drug Administration and Control (NAFDAC) […]

PayPal’s Nigeria Return Sparks Boycott Calls and Cautious Optimism PayPal’s Strategic Return to Nigeria Meets Public Skepticism The announcement of PayPal’s renewed engagement in Nigeria, through a partnership with local fintech firm Paga, has ignited a spectrum of reactions across the nation’s digital landscape. While the move enables Nigerians to receive payments on the platform […]

International Energy Insurance Reports N688.8 Million Profit for 2025 International Energy Insurance Navigates Market Headwinds to Post N688.8 Million Profit in 2025 International Energy Insurance Plc (IEI) has announced a pre-tax profit of N688.8 million for its full-year 2025 financial period. This result demonstrates the company’s resilience in a challenging operating environment, achieved despite a […]

Guinea Insurance Seeks NGX Approval for N5.30 Billion Rights Issue Guinea Insurance Plc Files for N5.30 Billion Rights Issue with Nigerian Exchange Guinea Insurance Plc has formally applied to the Nigerian Exchange (NGX) for approval to raise N5.30 billion through a rights issue. This strategic move is aimed at strengthening the company’s capital base and […]

Market Analysis: Nigerian Equities See Marginal Dip Amid High Volume Trading Nigerian Stock Market Edges Lower Amid Active Trading Session The Nigerian Exchange Limited concluded trading on Monday, January 19, 2026, with a marginal decline. The All-Share Index (ASI) slipped by a mere 0.01%, closing at 166,112.5 points. This represented a modest 17-point decrease from […]

Geregu Power Reports N41.9bn Pre-Tax Profit for 2025 on Robust Energy Sales Geregu Power Plc Announces 2025 Financial Results: Pre-Tax Profit Rises to N41.9 Billion Geregu Power Plc, a foremost electricity generation company in Nigeria, has released its audited financial statements for the year ended December 31, 2025. The company posted a pre-tax profit of […]

Court Rules EFCC Exceeded Powers in Amadeus Tax Demand Case Court Nullifies EFCC’s €3.2m and $2.4m Tax Demand Against Amadeus The Federal High Court in Abuja has delivered a significant ruling clarifying the limits of anti-graft agencies’ powers, nullifying a demand by the Economic and Financial Crimes Commission for €3.2 million and $2.4 million in […]

President Bola Tinubu Confers Prestigious GCON Honour on Gilbert Chagoury President Bola Tinubu Confers Prestigious GCON Honour on Gilbert Chagoury In a ceremony held in Abuja on January 8, 2026, President Bola Ahmed Tinubu conferred the national honour of Grand Commander of the Order of the Niger (GCON) upon Ambassador Gilbert Chagoury. The award, presented […]

AEDC Adopts HoldCo Structure Following Nigeria’s Electricity Act 2023 Abuja Electricity Distribution Plc Transitions to Holding Company Model In a strategic move to align with Nigeria’s evolving power sector, Abuja Electricity Distribution Plc (AEDC) has formally transitioned to a holding company (HoldCo) structure. This restructuring is a direct response to the decentralized regulatory framework established […]

Chapel Hill Denham Announces N5.59bn NIDF Distribution for Unitholders Nigeria Infrastructure Debt Fund Declares N5.59 Billion Cash Distribution Chapel Hill Denham Management Limited, the fund manager for the Nigeria Infrastructure Debt Fund (NIDF), has announced a significant cash distribution to its unitholders. According to a corporate filing on the Nigerian Exchange (NGX) dated January 15, […]

SKLD at 25: A Legacy of Resilience and Impact in Nigerian Business SKLD at 25: Rooted in Legacy, Driven by Impact Navigating a quarter-century in Nigeria’s dynamic business landscape is a testament to exceptional resilience. Surviving economic cycles, regulatory shifts, and supply chain shocks demands a model worthy of respect and study. As SKLD Integrated […]

The $130 Billion Paradigm Shift: How Africa’s Energy Titans Are Reshaping Investment The $130 Billion Paradigm Shift: How Africa’s Energy Titans Are Reshaping Investment In the landscape of African industry, figures like Femi Otedola, Tony Elumelu, and Aliko Dangote command significant influence. A profound transformation is now redefining the continent’s energy sector, where success is […]

IMF Report: AI-Driven Labor Market Shifts Demand New Skills Globally IMF Analysis: AI Reshaping Global Labor Markets, Demands New Skills A new analysis from the International Monetary Fund reveals that artificial intelligence and digital transformation are rapidly altering global employment landscapes, compelling workers worldwide to pursue continuous learning. IMF Managing Director Kristalina Georgieva emphasized these […]

International Breweries Plc Announces Executive Leadership Transition International Breweries Plc Announces Executive Leadership Transition International Breweries Plc (IBPLC), a subsidiary of Anheuser-Busch InBev, has announced a significant change in its executive management. The company confirmed that its current Managing Director, Mr. Carlos Coutino, will transition to a new leadership role within the AB InBev group, […]

Federal Government and ASUU Sign Landmark Agreement with 40% Pay Review Federal Government and ASUU Finalize Renegotiated Agreement, Introducing 40% Pay Review and New Professorial Allowance The Federal Government has formally signed a renegotiated agreement with the Academic Staff Union of Universities (ASUU), marking a pivotal step toward stabilizing and improving Nigeria’s public university system. […]

Court Denies NDLEA Bid to Keep Proxy Night Club Sealed | Legal Ruling Court Upholds Unsealing Order, Denies NDLEA’s Stay of Execution Request In a significant legal ruling, the Federal High Court in Lagos has refused an application by the National Drug Law Enforcement Agency (NDLEA) to suspend the enforcement of its order to unseal […]

NELFUND Addresses N928 Million Student Allowance Arrears, Outlines Resolution Plan NELFUND Identifies N927.98 Million in Student Upkeep Arrears, Cites Technical Hurdles The Nigerian Education Loan Fund (NELFUND) has announced the identification of N927.98 million in unpaid student upkeep allowances owed to 11,685 beneficiaries. The discovery followed a comprehensive reconciliation exercise after the 2024/2025 academic session. […]

Universal Insurance Seeks N15bn Capital Raise Approval | Strategic Move Universal Insurance Plc Proposes N15 Billion Capital Raise to Meet Regulatory Requirements Universal Insurance Plc has announced a strategic initiative to strengthen its financial base. The company is seeking shareholder approval to raise up to N15 billion through the Nigerian or international capital markets. This […]

Yobe State Clears N15.4 Billion Gratuity Backlog for Retirees Yobe State Settles N15.4 Billion in Outstanding Gratuities The Yobe State Government has announced the full settlement of outstanding gratuity liabilities owed to retirees from both state and local government service. A total of N15.4 billion was disbursed to eliminate the backlog, which had accumulated over […]