The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has disclosed that the Bola Ahmed Tinubu International Conference Centre (ICC) generated ₦700 million within only three weeks of reopening. Speaking at a thanksgiving service held at St. James’ Anglican Church in Asokoro, Abuja, to commemorate the completion of various projects commissioned by President Bola…
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…
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…
U.S. President Donald Trump has announced that a buyer for TikTok has been lined up, with more details to be disclosed “in about two weeks.” In an interview with Fox News, Trump stated, “We have a buyer for TikTok. I think I’ll probably need China’s approval, and I think President Xi will probably do it.”…
Global crude oil prices are nearing $80 per barrel amid escalating tensions between the United States and Iran, following reports of coordinated U.S.-Israeli airstrikes on key Iranian nuclear facilities. The market is reacting sharply, with fears growing over a potential wider conflict in the Middle East. In Nigeria, petroleum marketers warn that petrol pump prices…
At least 32 cows were reportedly killed by lightning during a heavy downpour in the Osara, Obantoko area of Abeokuta, located in the Odeda Local Government Area of Ogun State. According to the Baale of Osara, Chief Wasiu Afolabi, the incident occurred during a torrential rainstorm that began around noon on Saturday, June 21, 2025.…
The Yobe State Hisbah Commission on Thursday, January 19, oversaw the destruction of 243 cartons of confiscated alcoholic beverages at Maina Lodge in Damaturu. The items had been seized three weeks earlier during a coordinated enforcement operation. The exercise was led by the Chairman of the Commission, Dr. Yahuza Hamza Abubakar, and witnessed by security…
Australia has imposed sanctions on Russia’s so-called “shadow fleet” of oil tankers for the first time, targeting 60 vessels allegedly involved in helping Moscow circumvent international sanctions. The Department of Foreign Affairs and Trade (DFAT) announced the move on Wednesday, noting that the ships had already been sanctioned by key allies, including the United Kingdom,…
The Nigerian stock market extended its downward trend on Tuesday, June 17, as investors suffered a ₦183 billion loss in market value. The Nigerian Exchange Ltd. (NGX) saw its total market capitalization fall from ₦72.680 trillion on Monday to ₦72.497 trillion at the close of trading. The All-Share Index dropped by 348.61 points, or 0.30%,…
China has announced the full implementation of a zero-tariff scheme covering 53 African countries, including Nigeria, as part of the Changsha Declaration—further strengthening economic ties within the Forum on China-Africa Cooperation (FOCAC). The announcement came from China’s Ministry of Foreign Affairs following a high-level meeting in Changsha between Chinese officials and African foreign ministers. This…
