Author: Ifetayo Adeniyi

Elegbede Abiodun Geregu Power Plc, a major player in Nigeria’s electricity value chain, has reported a significant strengthening of its capital base, with total equity rising to N60.73bn for the first quarter ended 31 March 2026. According to the unaudited interim financial statement submitted to the Nigerian Exchange on Thursday, the company’s equity grew from N58.63bn recorded at the end of December 2025. This growth was primarily driven by an increase in retained earnings, which climbed to N59.45bn during the period. “The interim financial statements were approved by the Board of Directors on 16 April 2026,” stated the company in…

Minister of Information and National Orientation, Mohammed Idris  Elegbede Abiodun • Oyedele said the three rail projects were valued at approximately $2.99 billion. Minister of Finance and Coordinating of the Economy, Taiwo Oyedele, yesterday, announced that the Federal Executive Council (FEC) has approved the award of contracts for three major rail projects aimed at boosting infrastructure, productivity and economic growth across key urban centres. This was as the Minister of Information and National Orientation, Mohammed Idris, and his Works counterpart, David Umahi, outlined a sweeping set of decisions by the Federal Executive Council (FEC), including the creation of a Presidential…

Olayinka Ijabiyi Elegbede Abiodun FirstBank, West Africa’s premier financial institution and financial inclusion service provider, has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. The appointment takes immediate effect and reinforces strong corporate governance at a pivotal point in the Bank’s growth and transformation journey. Olayinka Thomas Ijabiyi is a seasoned marketing and corporate communications professional with over 25 years of experience driving brand transformation, strategic visibility, and stakeholder engagement across financial services, telecommunications, media, and international development sectors. Ijabiyi joined FirstBank in 2011 and has served in acting capacity as the Group…

Elegbede Abiodun • Cautions against the spread of misinformation in the electoral space. Ahead of the 2027 general election, the Independent National Electoral Commission (INEC), yesterday, reaffirmed its exclusive constitutional mandate to collate and declare election results. To ensure inclusive and credible elections next year, the United Kingdom High Commissioner in Nigeria, Richard Montgomery, and his deputy, Gill Lever, have visited political leaders and INEC officials. Warning that emerging digital reporting tools must not undermine its authority, INEC cautioned against the spread of misinformation in the electoral space. Chairman of the Information and Voter Education Committee, Sam Olumekun, gave the…

Nigerian Railway Corporation (NRC) Elegbede Abiodun • Distributes operation manual as a daily guide for contractors, ensuring consistency and professionalism. The Nigerian Railway Corporation (NRC) has introduced a new standard operating procedure (SOP) for cleaning operations across its train coaches and stations as part of efforts to improve passenger safety, hygiene and overall travel experience. The new SOP was unveiled on Wednesday at a workshop held at the corporation’s headquarters in Lagos, where cleaning service providers from across the country were trained on updated standards and procedures. Speaking at the event, NRC Managing Director, Kayode Opeifa, said the initiative reflected…

Elegbede Abiodun NBC stated that viewers could download the FreeTV app on Google Play to begin exploring the new digital landscape. Over 100 channels have officially signed up to broadcast free-to-air digital content, marking a significant milestone in the country’s long-delayed Digital Switchover (DSO) programme. The official sign-on came after the recent disclosure by National Broadcasting Commission (NBC) that it had unveiled a significant overhaul of Nigeria’s long-awaited digital broadcasting migration, launching a FreeTV, a fully free-to-air, direct-to-home (DTH) national platform backed by satellite and Internet Protocol (IP) delivery. In a statement issued yesterday, NBC said the current line-up, which…

Elegbede Abiodun The Bank of Industry (BOI) has been declared Best Bank in Sustainable Finance (Nigeria) at the 2026 Global Sustainable Finance Awards organised by Global Finance Magazine, reinforcing its leadership in advancing green and inclusive financing in the country. The recognition highlights BOI’s growing role in embedding sustainability into its core operations and lending strategy, as well as its contributions to climate action, circular economy initiatives and responsible resource management. According to the organisers, the award acknowledges institutions that demonstrate strong commitment to sustainable finance through innovative frameworks and measurable impact. BOI’s efforts in aligning its financing activities with…

Manny Ita – The Federal Government has declared today Friday, May 1, a public holiday in commemoration of International Workers’ Day, a global event set aside to recognize the contributions of workers to national development. The announcement was made by the Minister of Interior, Olubunmi Tunji-Ojo, who praised Nigerian workers for their dedication, resilience, and role in sustaining the country’s economy despite prevailing challenges. In a statement, the minister described workers as the backbone of the nation, noting that their efforts remain critical to Nigeria’s growth and stability across all sectors. He urged both public and private sector employees to…

Manny Ita  – Nigeria’s newly appointed Foreign Affairs Minister, Bianca Odumegwu-Ojukwu, has pledged to promote and protect the country’s interests on the global stage as she assumes office. She said her approach will align with President Bola Tinubu’s “4D” foreign policy framework—focused on Democracy, Development, Demography, and Diaspora—which is designed to guide Nigeria’s international relations. Expressing gratitude for her appointment, the minister said she is committed to supporting the administration’s agenda and strengthening Nigeria’s diplomatic presence worldwide through citizen-focused engagement and strategic partnerships. Her appointment follows the resignation of Yusuf Tuggar, who stepped down to pursue political ambitions ahead of…

Manny Ita  – Gunmen who abducted 15 worshippers in Ekiti State have reportedly demanded a ransom of N1 billion for their release following an attack on a church in the area. The victims were taken during a night vigil at the Christ Apostolic Church in Eda-Oniyo, located in Ilejemeje Local Government Area. According to the community’s traditional ruler, Oba Joseph Awolola, the attackers also killed a visiting pastor during the incident. Among those abducted is a family of four, including a mother and her three children, while efforts are ongoing to secure the release of all victims. In response, the…