By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has reiterated its dedication to ensuring the safety, quality, and efficacy of medicinal and aromatic plant-based products across Nigeria. The assurance was delivered by Director-General Mojisola Adeyeye, represented by Mrs. Chizoba Maduagwuna, Deputy Director of the International Strategic Partnership and Trade…
By Seun Ibiyemi The Nigerian stock market maintained its positive momentum on Wednesday, transacting 815.48 million shares valued at N33.3 billion across 52,641 deals, even as overall trading volume dipped compared to Tuesday. Leading activity on the trading floor were Wema Bank with 77.75 million shares worth N2.03 billion, Guaranty Trust Holding Company with 73.7…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared the nation’s oil, condensate, and gas reserves as of January 1, 2026. The NUPRC Chief Executive, Mrs. Oritsemeyiwa Eyesan, revealed on Wednesday that crude oil and condensate reserves now stand at 31.09 billion barrels and 5.92 billion barrels, respectively, bringing total oil…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme launched in March 2024, with Nigerian banks raising a total of ₦4.65 trillion in fresh capital. The apex bank disclosed this in a statement issued in Abuja and jointly signed by Dr. Olubukola Akinwunmi, Director…
By Seun Ibiyemi Bola Ahmed Tinubu has postponed his planned visit to Iperu in Ogun State for the inauguration of the Gateway International Cargo Airport, opting instead to travel to Plateau State following recent deadly attacks in the area. According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the…
By Seun Ibiyemi Abbey Mortgage Bank Plc has reported a profit before tax of ₦3.13 billion for the financial year ended December 31, 2025, reflecting strong growth in its core earnings and sustained commitment to enhancing shareholder value. The bank disclosed this in its audited financial results submitted to the Nigerian Exchange Group, showing a…
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) engaged with members of the House of Representatives at the National Assembly during the budget defence session, reaffirming his commitment to transparency, fiscal responsibility, and the sustained development of Nigeria’s maritime sector. L-R: Member, House of Representatives Committee on Maritime Safety, Education and Administration;…
…As CGC Adeniyi commissions project at government secondary school Wuse By Seun Ibiyemi The Comptroller-General of Customs (CGC), Adewale Adeniyi, on Tuesday, 31 March 2026, commissioned a major intervention project at Government Secondary School, Wuse, Abuja, marking the one-year anniversary of the Nigeria Customs Service’s Corporate Social Responsibility initiative tagged ‘Customs Cares’. Addressing students, staff,…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has unveiled special train service arrangements across its corridors to accommodate increased passenger traffic during the Easter holiday period. NRC’s Chief Public Relations Officer, Callistus Unyimadu made the announcement on Tuesday in Lagos. For the Lagos-Ibadan Train Service (LITS), three additional trips are scheduled on Thursday, April…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has increased the price of natural gas supplied to power generation companies to $2.18 per metric million British thermal units (MMBTU), effective April 1, 2026. The new rate represents a $0.05 increase from the previous price of $2.13/MMBTU, according to a circular issued by the regulator…
