By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it is currently managing assets of nearly 600 failed banks and intensifying efforts to recover outstanding loans to enable payment of depositors’ uninsured funds. The Director of the Asset Management Department of the corporation, Mrs. Patricia Okosun made the disclosure on Thursday in…
By Olakunle Oke The Rotary Club of Omole-Golden, in partnership with Halogen Group, has called for stronger collaboration, conflict resolution skills and community participation to address Nigeria’s growing security challenges. The seminar, organised under the theme “The State of Security in Nigeria: Peace and Conflict Resolution as Part of the Solution,” aligned with the peacebuilding…
By Seun Ibiyemi The Federal Competition and Consumer Protection Commission (FCCPC) has uncovered patterns of alleged price manipulation by some domestic airlines during the December 2025 festive season. The Chief Executive Officer of the commission, Mr. Tunji Bello, disclosed this in an interim report released on Thursday by the agency’s Department of Surveillance and Investigations….
By Seun Ibiyemi The Dr. Adegboyega Oyetola, Honourable Minister of Marine and Blue Economy, received the newly appointed Tunji Disu in Abuja on Thursday, congratulating him on his appointment and expressing confidence in his ability to lead the Nigeria Police Force effectively. “I warmly congratulate you on your appointment as Inspector-General of Police,” Dr. Oyetola…
By Seun Ibiyemi The Federal Ministry of Health and Social Welfare has told the Federal High Court that the National Agency for Food and Drug Administration and Control (NAFDAC) is legally empowered to enforce the ban on alcoholic beverages packaged in sachets, PET bottles, and glass containers below 200 millilitres. In a counter-affidavit filed on…
By Seun Ibiyemi Seplat Energy Plc has reported a 144.2 per cent surge in revenue to $2.73 billion in 2025, up from $1.12 billion recorded in 2024, driven largely by a full-year contribution from its offshore assets. In a statement released on Thursday, the energy company also posted an 86.7 per cent increase in profit…
By Seun Ibiyemi Lafarge Africa Plc has reported a strong financial performance for the 2025 financial year, with net sales rising by 53 per cent to N1.07 trillion, up from N696.76 billion recorded in 2024. The cement manufacturer disclosed the results in its audited financial statements released to the Nigerian Exchange Limited on Thursday, attributing…
By Seun Ibiyemi Nigerian Exchange Limited and the investing public have been notified that Guaranty Trust Holding Company Plc has received regulatory approval to extend the filing deadline for its Audited Financial Statements (AFS) for the year ended December 31, 2025. The company disclosed that its Board of Directors approved the 2025 AFS on January…
By Adeyemi David The Delta State Police Command has recorded major operational breakthroughs with the arrest of suspected drug traffickers and a robbery suspect, alongside the recovery of 1,520 packets of prohibited drugs and a locally made firearm. The Commissioner of Police, Aina Adesola, disclosed that the arrests were made in separate intelligence-led operations aimed…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency NIMASA has pledged its commitment to provide the regulatory leadership, technical coordination, and stakeholder engagement required to successfully develop and implement a robust National Action Plan on maritime decarbonization in Nigeria. This was disclosed in a statement made available to BusinessPointer by the Deputy Director/Head,…
