United Bank for Africa Plc (UBA) has announced the retirement of Angela Adebayo as a Non-Executive Director, bringing to a close over six years of service on the bank’s board. The disclosure was contained in a statement signed by the Group Company Secretary, Bili Odum, and dated May 4, 2026. Adebayo, who joined the UBA…
By Olakunle Oke Local refineries in Nigeria received just 28.5 million barrels of crude oil in the first quarter of 2026, despite higher volumes offered by producers under the Domestic Crude Supply Obligation (DCSO), data released by the Nigerian Upstream Petroleum Regulatory Commission has shown. The Commission disclosed that while 61.9 million barrels were allocated…
The Socio-Economic Rights and Accountability Project (SERAP) has rejected the judgment of the Federal Capital Territory High Court in Abuja ordering it to pay N100m damages to two officials of the Department of State Services over alleged defamation. Justice Yusuf Halilu on Tuesday awarded N100m damages against SERAP in the N5.5bn suit filed by DSS…
By Seun Ibiyemi The House of Representatives has approved the sum of N479.5bn as the Nigerian Communications Commission’s (NCC) budget for 2026. The approval was granted during plenary on Tuesday after the House considered the breakdown of the commission’s statutory revenue fund for the financial year ending 31 December 2026, as contained in the report…
The senator representing Edo North Senatorial District, Adams Oshiomhole has called for the revocation of operating licences of South African companies in Nigeria, including MTN and DSTV, following renewed xenophobic attacks against Nigerians in South Africa. The move comes as the House of Representatives on Tuesday condemned the latest wave of attacks and urged the…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, said it has intercepted 473 smuggling attempts and seized contraband goods with a Duty Paid Value (DPV) of over ₦5.5 billion across the South-West within eight weeks. Comptroller Gambo Aliyu, who disclosed this during a press briefing in Ikeja, Lagos, on…
By Seun Ibiyemi Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2026, with a 6 per cent growth in Gross Earnings, from N950 billion reported in Q1 2025 to N1.01 trillion in Q1 2026. This is despite the challenging operating environment and tightening monetary policy stance. From the…
.. I think ADC is dead – Akpabio By Sodiq Adelakun The House of Representatives was thrown into political turbulence on Tuesday after at least 17 lawmakers formally defected from the African Democratic Congress (ADC) to the National Democratic Congress (NDC), in a move that further reshapes alignments ahead of the 2027 elections. Their defections…
Gov. Ademola Adeleke of Osun says he is committed to the industrialisation of the state through a Public-Private Partnership (PPP) model. This is contained in a statement issued by the governor’s spokesperson, Malam Olawale Rasheed, on Monday in Osogbo. According to the statement, Adeleke made this known during a meeting with a group of Chinese…
By Sodiq Adelakun The crisis within the Peoples Democratic Party (PDP) deepened on Monday as the faction aligned with Oyo State Governor, Seyi Makinde, announced the appointment of Kabiru Turaki (SAN), former Minister of Special Duties, as the Interim Chairman of its National Working Committee (NWC). The decision was taken during the faction’s 103rd National…
