By Seun Ibiyemi The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has endorsed the recent Executive Order signed by Bola Ahmed Tinubu directing that oilExecutive order: Tinubu direct oil, gas revenue remittance to federation account and gas revenues be paid directly into the Federation Account. The Commission described the directive as a landmark decision that…
By Adeyemi David The Department of State Services (DSS) is set to arraign former Kaduna State Governor, Nasir El-Rufai, N432bn corruption probe: El-Rufai remains in EFCC custody on February 25 over alleged cybercrime offences and breach of national security. Justice Joyce Abdulmalik of the Federal High Court fixed the date for the arraignment after the Chief…
By Seun Ibiyemi Carloha Nigeria, the authorised dealer of Chery vehicles, officially unveiled the Chery Himla pickup brand at a landmark launch event at the Orange Island, Lekki, Lagos on February 19, 2026. The Himla marks Chery’s entry into the Nigerian pickup segment, positioning pickups not just as transport tools but as high-efficiency mobile business…
Ecobank Nigeria has announced the full repayment of its $300 million eurobond, including both the outstanding principal and accrued interest, originally due on February 16, 2026. The repayment marks a major milestone in the bank’s liability management strategy and efforts to strengthen its balance sheet. Following the successful repayment, Ecobank Nigeria said it will prioritize…
By Adeyemi David The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has searched the Abuja residence of former Kaduna State Governor, Nasir El-Rufai, as investigations into alleged financial misconduct continue to unfold. Muyiwa Adekeye, media aide to the former governor, confirmed on Thursday that ICPC officials conducted a search at El-Rufai’s residence on…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) emerged as the most traded stock by value on Thursday as the Nigerian equities market extended its bullish rally, delivering a N1.698 trillion gain to investors. GTCO recorded the highest value of traded equities at N6.20 billion, accounting for 16.51 per cent of the total value…
By Seun Ibiyemi The Nigerian currency, the naira, recorded a mixed performance in trading on Thursday, as data from the foreign exchange market showed differing movements across official and informal channels. According to Central Bank of Nigeria (CBN) data, the naira weakened marginally at the official foreign exchange window, closing at around ₦1,340 – ₦1,341…
By Seun Ibiyemi The Acting Customs Area Controller of the Nigeria Customs Service (NCS), Oyo/Osun Area Command, DC Moses Adewole, has reaffirmed his commitment to deepening inter-agency collaboration through a series of courtesy visits to key security and regulatory agencies in Oyo State. The visits, held between February 17 and 19, 2026, were aimed at…
By Seun Ibiyemi The Lagos State Government has extended its free eye screening, corrective lenses and comprehensive health checks to officers of the National Drug Law Enforcement Agency (NDLEA), Lagos Strategic Command, in appreciation of the agency’s collaboration during the recently concluded Drivers’ Care Initiative. The gesture follows the successful completion of the first phase…
How “Sex for Cash” thrives among tertiary institutions By Adeyemi David About 80 per cent of female students in many tertiary institutions across Nigeria are reportedly involved in “sex for cash” practices as they struggle to cope with rising tuition fees, soaring living costs, and dwindling family support. Findings by BusinessPointer reveal that some students…
