By Seun Ibiyemi The Nigerian equities market rebounded on Thursday, adding about N220 billion to investors’ portfolios after recovering from a one-day decline. Data from the Nigerian Exchange Limited (NGX) showed that the market capitalisation rose by 0.18 per cent to close at N126.317 trillion, up from N126.097 trillion recorded in the previous session. Similarly,…
By Seun Ibiyemi Nigeria’s gold reserves have risen to about $3.5 billion following the delivery of additional locally sourced and refined gold to the Central Bank of Nigeria (CBN), the Solid Minerals Development Fund (SMDF) has announced. The Executive Secretary of the fund, Fatima Shinkafi, disclosed this while confirming that the latest batch of gold…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has intensified efforts to strengthen partnerships with key stakeholders as part of measures to enhance revenue generation and promote legitimate trade in the country. The Acting Customs Area Controller of the Oyo/Osun Area Command, Wale Moses Adewole, disclosed this during a courtesy visit to British American Tobacco…
By Seun Ibiyemi The Executive Chairman of Ikeja Local Government in Lagos State, Akeem Olalekan Dauda, has sworn in a new Secretary to the Local Government, Supervisory Councillors and Special Advisers in a ceremony held at the council secretariat in Ikeja. The oath of office was administered by the Director of Legal Services of the…
By Olakunle Oke President Bola Ahmed Tinubu has announced the successful resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, paving the way for significant new investment in Nigeria’s deepwater oil sector. The agreement, reached between the Federal Government of Nigeria, Eni and Nigerian Agip Exploration Limited (NAEL), was unveiled during a meeting…
By Seun Ibiyemi The Senate Committee on Public Accounts has summoned former Mele Kyari, ex-Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), and his management team over alleged financial discrepancies totaling N210 trillion. The committee’s chairman, Ahmed Wadada, disclosed the development at a press briefing in Abuja on Thursday, stating that…
Agege Local Government in Lagos State has partnered with Sterling Bank to deploy a digital identification system aimed at reforming revenue administration and modernising council operations. The announcement was made on Thursday by the council’s Chairman, Abdul-Ganiyu Obasa, following a meeting with Sterling Bank’s Southwest Regional Business Manager, Abiola Bawuah, at the council secretariat. Obasa…
By Seun Ibiyemi The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Thursday paid a courtesy visit to the Olubadan of Ibadanland, Rashidi Adewolu Ladoja, at the monarch’s palace in Ibadan, Oyo State. The visit provided an opportunity for the minister to pay homage to the revered traditional ruler and elder statesman while holding…
By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies in the country to refund a total of N20.33 billion to customers for meters purchased under the Meter Asset Provider Framework. The commission said the directive, which took effect from March 1, 2026, followed a regulatory review that revealed many Electricity…
By Seun Ibiyemi No fewer than 20 people, including 14 soldiers, were killed following coordinated attacks by suspected terrorists on military bases in Gwoza Local Government Area of Borno State on Tuesday night. Sources said the attackers, believed to be members of the Islamic State West Africa Province (ISWAP), launched separate assaults on army formations…
