Former President Olusegun Obasanjo has called for sweeping reforms at the National Open University of Nigeria (NOUN), urging the restoration of its law programme and deeper integration of artificial intelligence (AI) into its academic system. Obasanjo made the call in Abeokuta, Ogun State, when he received the newly appointed Vice-Chancellor of NOUN, Prof. Uduma Uduma,…
By Seun Ibiyemi The Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has warned that weak governance of Artificial Intelligence (AI) systems could trigger capital flight, distort markets and erode investor confidence in Nigeria. Kwairanga gave the warning ober the weekend while delivering the opening address at the InnovateAI Conference Lagos 2026, stressing that the…
By Seun Ibiyemi First HoldCo Plc has announced its unaudited results for the year ended December 31, 2025, reporting resilient core earnings growth amid elevated impairment charges and regulatory costs. The Group posted gross earnings of N3.4 trillion, representing a 4.8 per cent year-on-year increase, while profit after tax settled at N44.98 billion. Profit before…
By Seun Ibiyemi The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has led a high-powered management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for talks aimed at strengthening collaboration between both energy giants. The visit, which featured a guided tour of the facility, culminated in a…
By Seun Ibiyemi Conoil Plc has announced the resignation of its Company Secretary, Mr. David Lanre-Leke, effective September 8, 2025. In a notice issued to shareholders, the Nigerian Exchange Limited (NGX), and the investing public, the company confirmed the development and expressed appreciation to Lanre-Leke for his services during his tenure. “The Board and Management…
By Seun Ibiyemi The Nigerian naira showed a mixed performance in foreign exchange markets over the weekend ending Friday, February 20, 2026, as differing dynamics in the official and parallel segments shaped its trajectory. Data from market sources on Friday showed that the naira appreciated in the parallel (informal) market, strengthening to about ₦1,340 per U.S….
By Seun Ibiyemi Nigeria’s total public debt increased to N153.29tn as of September 30, 2025, reflecting a steady rise in both domestic and external borrowings within three months, according to data released by the Debt Management Office on Friday. The DMO disclosed that the debt stock grew from N152.40tn as of June 30, 2025, to…
By Seun Ibiyemi The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN)Executive order: Tinubu direct oil, gas revenue remittance to federation account has described the Federal Government’s Executive Order No. 9 as a reform-driven measure that will strengthen accountability and enhance investor confidence in Nigeria’s energy sector. National President of PETROAN, Dr Billy Gillis-Harry,…
By Adeyemi David Nigeria’s trillion-naira stocks are tightening their grip on the equities market, with just 25 companies accounting for N111.11 trillion out of the N124 trillion total market capitalisation on the Nigerian Exchange Limited (NGX). Out of 148 listed firms, GTCO tops value chart as equities market gains N1.698trncapital remains heavily concentrated in companies…
By Seun Ibiyemi The Nigerian Air Force (NAF) and the Nigerian Maritime Administration and Safety Agency (NIMASA) have strengthened their operational collaboration NIMASA moves to digitise ship registry, targets global competitivenessto enhance maritime security and safeguard Nigeria’s blue economy. This was disclosed in a statement issued on Friday in Abuja by the Director of Public…
