By Seun Ibiyemi The Nigerian stock market rebounded on Tuesday, gaining 0.40 per cent as investors added N516 billion, reversing losses recorded in the previous two trading sessions. Renewed interest in stocks including Multiverse Mining, International Energy Insurance, CHAMS, MTN Nigeria, and PZ Cussons, among 15 other gainers, helped the market close in positive territory….
By Seun Ibiyemi The Minister of Power, Adebayo Adelabu, has dismissed reports circulating on some media platforms claiming he had resigned his appointment, describing them as false and misleading. Adelabu’s Special Adviser on Media and Publicity, Bolaji Tunji, made the clarification while speaking with journalists on Tuesday in Ibadan. Tunji urged media practitioners to uphold…
By Seun Ibiyemi Power generation companies in Nigeria have raised fresh concerns over mounting operational challenges tied to a staggering N6.8 trillion debt burden, warning that the situation is putting increasing strain on electricity supply across the country. The concerns were expressed by Joy Ogaji, Chief Executive Officer of the Association of Power Generation Companies,…
By Seun Ibiyemi TotalEnergies Marketing Nigeria Plc has reported a significant decline in its financial performance for the year ended Dec. 31, 2025, posting both revenue contraction and a swing into losses. According to its audited financial statements released on the Nigerian Exchange Ltd. on Monday, the company’s revenue fell by 26 per cent to…
By Seun Ibiyemi Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of ₦1.23 trillion for the financial year ended December 31, 2025, driven by sustained growth in its core earnings lines. The Group disclosed this in its audited consolidated and separate financial statements released to the Nigerian Exchange Group (NGX) and…
By Seun Ibiyemi Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has called for enhanced regional cooperation and increased investment in the fisheries sector across West and Central Africa. Oyetola made the call on Monday while speaking at the National Fisheries Investment Conference held in Monrovia, an event declared open by Liberian President Joseph…
By Adeyemi David Governor Lucky Orimisan Aiyedatiwa has unveiled plans to upgrade Rufus Giwa Polytechnic to a full-fledged university, describing the move as a strategic step to position Ondo State at the forefront of national development in agriculture, science, and technology. The governor made this known on Monday while receiving a report from a committee…
By Seun Ibiyemi The Nigerians in Diaspora Commission (NIDCOM) has confirmed that 40 out of 42 Nigerians arrested and detained in Mozambique over the past weeks have been deported back to Nigeria. The deportees returned in three batches aboard South African Airways and Ethiopian Airlines on March 24, 26, and 27, while two Nigerians remain…
By Seun Ibiyemi President Bola Ahmed Tinubu has condemned the recent attacks by gunmen in Angwan Rukuba district, Jos, Plateau State, and Kahir village in Kagarko Local Government Area of Kaduna State, describing the incidents as “barbaric and cowardly.” In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President…
By Seun Ibiyemi The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called for innovative financing models, stronger private sector participation and deeper regional collaboration to unlock Africa’s vast natural gas potential. Ekpo made the call on Monday in Abuja at a Ministerial Roundtable on Regional Gas Development and Cooperation in Africa, organised…
