By Seun Ibiyemi The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed reports claiming it banned airtime borrowing and data advance services in Nigeria, describing such claims as false and misleading. In a statement issued on Friday in Abuja, the Commission’s Director of Corporate Affairs, Ondaje Ijagwu, clarified that no directive had been issued…
By Seun Ibiyemi The Nigerian stock market extended its bullish momentum on Friday, recording a ninth consecutive gain as investors added N3.391 trillion to market value. Strong buying interest in key equities such as NAHCO Plc, Trans-Nationwide Express Plc, Ecobank Transnational Incorporated, Access Corporation Plc and Daar Communications Plc, alongside 39 other stocks, drove the…
The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for the country’s money market. The development was disclosed in a statement issued on Friday in Abuja by Hakama Sidi-Ali, Acting Director of the CBN’s…
An Ikeja Special Offences Court has fixed May 4 for ruling in a trial-within-trial involving Henry Omoile, a co-defendant with former Central Bank of Nigeria governor, Godwin Emefiele. Omoile is contesting the voluntariness of two statements he made to the Economic and Financial Crimes Commission (EFCC) in the ongoing trial of Emefiele over alleged abuse…
The Nigerian Safety Investigation Bureau (NSIB) has inaugurated its newly approved Conditions of Service (CoS) as part of efforts to enhance staff welfare and improve operational effectiveness. Director-General of the bureau, Alex Badeh Jr., disclosed this during the inauguration ceremony held on Friday in Abuja, noting that the new framework would also strengthen safety outcomes…
By Seun Ibiyemi The Nigeria Security and Civil Defence Corps (NSCDC) has uncovered and dismantled an illegal “baby factory” in Badagry, Lagos State, rescuing 28 victims and arresting two suspects linked to the operation. The Lagos State Commandant of the Corps, Adedotun Keshinro, disclosed this while addressing journalists on Friday in Badagry, noting that the…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to strengthening port security in line with global standards, as the United States Coast Guard (USCG) continues to provide technical support to enhance compliance with the International Ships and Ports Facility Security (ISPS) Code. A USCG delegation led by the…
By Seun Ibiyemi The Executive Chairman of Ikeja Local Government, Akeem Olalekan Dauda, on Thursday carried out a routine environmental inspection and enforcement exercise across major parts of the council area, reaffirming his administration’s commitment to cleanliness, public safety, and sustainable urban management. In a statement signed off by the Chief Press Secretary to the…
By Seun Ibiyemi Oando PLC says its joint venture with NNPC E&P Limited has commenced gas delivery to a newly developed 60-megawatt independent power project in Yenagoa, Bayelsa State. The company disclosed this in a statement dated April 16, 2026, noting that the development follows the inauguration of the gas-fired power plant located in Elebele,…
Governor Dapo Abiodun on Thursday inaugurated the 5.5-kilometre Elega–Miliki–Saje–Bode-Olude road in Abeokuta, reaffirming his administration’s commitment to infrastructure development and economic growth. Speaking at the event, the governor said the road project, which cuts across Abeokuta North and Abeokuta South local government areas, was part of ongoing efforts to improve connectivity and stimulate economic activities…
