Business Pointer Admin

Minister sets up committee to tackle vandalism, protect electricity infrastructure

By Seun Ibiyemi The Minister of Power, Joseph Tegbe, has constituted a ministerial committee involving security agencies and power sector stakeholders to tackle the persistent vandalism of electricity infrastructure and improve the reliability of power supply across the country. The committee is expected to develop and coordinate measures to prevent attacks on generation, transmission and…

Read More

Dakuku to lead Nigeria reputation day conference on national image, investment

By Seun Ibiyemi The Nigeria Reputation Management Group (NRMG), a private sector initiative of the Nigerian Institute of Public Relations (NIPR), is set to host the 2026 Nigeria Reputation Day Conference on Thursday, October 15, with former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, scheduled to deliver the keynote…

Read More

NNPC extends petrol discount until October 31, rules out subsidy return

By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has extended its petrol sales discount across its retail stations nationwide until October 31, 2026, as the Federal Government seeks to cushion the impact of elevated global crude oil prices on Nigerian households and businesses. The national oil company said the initiative, initially introduced…

Read More

NDIC pays N69.65bn to depositors of failed banks

By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has paid a cumulative N69.65 billion to insured depositors of failed financial institutions, reinforcing efforts to protect customers and sustain confidence in Nigeria’s banking system. The Director of Strategy Development at the NDIC, Gwa Uduak, disclosed this on Thursday during the opening of the corporation’s 2026…

Read More

NLC gives FG two-week ultimatum to cut petrol price, renegotiate minimum wage

By Seun Ibiyemi The Nigeria Labour Congress (NLC) has given the Federal Government a two-week ultimatum to reduce petrol prices, commence renegotiation of the national minimum wage and implement outstanding agreements with organised labour, warning that failure to meet its demands could trigger further action. The ultimatum, which commenced on Friday, October 9, 2026, was…

Read More

2027: Presidency, Edo APC slam Amaechi over ‘Mad People’ remark, call him burden on Atiku

The Presidency and the Edo State chapter of the All Progressives Congress (APC) have criticised African Democratic Congress (ADC) vice-presidential candidate Rotimi Amaechi over his claim that only “mad people” would vote for President Bola Tinubu in the 2027 presidential election, describing the former Rivers State governor as a political liability to former Vice President…

Read More

Ogun Police arrest prophet’s son over alleged ₦18m Facebook scam

By Seun Ibiyemi The Ogun State Police Command has arrested a suspect, Adewale Ogoemi Arojah, for allegedly impersonating a popular cleric on Facebook and defrauding multiple victims of more than ₦18 million under the guise of providing prayers, prophecies and spiritual assistance. The suspect was arrested by operatives of the Ilaro Division following a complaint…

Read More