News

Seplat signs binding agreement to sell a 10% working interest in the NNPCL/SEPNU joint venture to NNPC Limited for approximately $281.6 million. NNPC's stake in the strategic oil joint venture will increase from 60% to 70%, while Seplat...

Alhaji served as Minister of State, Budget and Planning in 1988. He later served as Minister of Finance between 1990 and 1991 during the administration of former military President, General Ibrahim Babangida. The family said funeral arrangements will...

Nigeria's government is developing a framework to reduce the cost of capital without introducing new subsidies in a bid to stimulate private investment and economic growth. Finance Minister Taiwo Oyedele also announced that a detailed report on savings...

Federal Government says savings from petrol and foreign exchange subsidy reforms have been channelled into debt servicing, wage increases, student loans, and other critical national obligations. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, pledges...

Cherubim and Seraphim Movement Church Worldwide loses its Supreme Head and Spiritual Father, His Most Eminence Prophet Emmanuel Adewale Abiodun Alogbo Church leadership announces seven days of special prayer and mourning at the late cleric's residence, with funeral...

Families say over 150 residents abducted from Kaiama LGA have remained in terrorists' camps for nearly six months despite raising more than ₦155 million in ransom. Relatives allege the kidnappers rejected the ransom and threatened to forcibly marry...

Legal Practitioners Disciplinary Committee suspends Senior Advocate of Nigeria Joe-Kyari Gadzama for three years over professional misconduct linked to the controversial Zaki Biam compensation case. Gadzama rejects the verdict, announces immediate appeal to the Supreme Court and insists...

Femi Otedola has invested another ₦222.2 billion in First HoldCo, increasing his ownership to 25.87 percent and strengthening his position as the company's largest shareholder. The latest purchase comes barely one week after a related entity acquired ₦77.6...

 Osun Assembly Speaker Adewale Egbedun alleges Commissioner of Police Ibrahim Gotan ordered the arrest of SSG Teslim Igbalaye after being booed at an INEC stakeholders' meeting.  Police insist the arrest followed an intelligence-led raid that uncovered ₦4.81 million,...

Large taxpayers with annual turnover above ₦5bn have until July 31 to comply with the Nigerian Revenue Service's e-invoicing requirement or face statutory penalties. The NRS says businesses that fail to transmit invoices electronically risk a ₦200,000 fine...