Daily Archives: July 4, 2025

AMCON completes sale of Ibadan DisCo for ₦100 billion

The Asset Management Corporation of Nigeria (AMCON) has officially confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC), one of the five power distribution companies formerly under its management. Gbenga Alake, AMCON’s Managing Director and CEO, announced the sale during a media briefing with senior journalists on Thursday, July 3. Alake revealed that IBEDC…

Former Super Eagles goalkeeper Peter Rufai passes away at 61

Nigerian goalkeeping legend Peter Rufai has passed away. According to family sources, Rufai—affectionately known as Dodomayana—died on Thursday morning, July 3, after a long illness. Peter Rufai was a former professional footballer who played as a goalkeeper. Over a 20-year senior career, he played professionally in Belgium, the Netherlands, Portugal, and Spain. He proudly represented…

Coach passes away during Bayern Munich training camp

An Afghanistan-born coach named Ashgar tragically died during a youth training camp organized by Bundesliga champions Bayern Munich in Riesa, Saxony, Germany. According to German media, Ashgar collapsed on the pitch of the Feralpi Arena during the lunch break on Monday. Despite immediate medical attention, he later passed away in hospital. The camp, which involved…

NNPCL reports ₦1.054 trillion profit for May 2025

The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of ₦1.054 trillion for May 2025, marking a substantial 40.4% increase from the ₦748 billion recorded in April. This information is detailed in the company’s latest Monthly Report Summary for May 2025, published on Tuesday. The report also revealed that NNPCL generated…