Author: Ifetayo Adeniyi

File Photo: NNPC The Nigerian National Petroleum Company Limited has increased crude oil supply to the Dangote Petroleum Refinery and Petrochemicals, allocating seven cargoes for May loading in a move aimed at boosting domestic fuel production. Two trader sources told Reuters on Tuesday that the latest allocation marks an increase from the five cargoes the refinery had been receiving in previous months. However, this means the refinery will continue to receive five cargoes in April. The development comes amid mounting pressure on fuel supply and rising petrol prices across Nigeria, as the refinery struggles to secure sufficient crude locally. The…

L-R: Chairman, House committee of Finance, Hon. Olufemi Saheed; CEO, Nigerian Economic Summit Group, Dr. Tayo Aduloju; Lagos State Commissioner for Economic Planning and Budget, Mr Ope George; Deputy Governor, Dr Obafemi Hamzat; Chairman, House committee on Economic Planning and Budget, Hon Saad Lukman and Deputy Chief of Staff to Governor Sanwo-Olu, Mr Sam Egube during the launch of Lagos Economic Development Update, LEDU 2026 in Ikeja, on Tuesday. Photo: Lagos State Ministry of Economic Planning and Budget. • Reaffirmed the administration’s commitment to economic diversification and private sector-led growth. The Lagos State Governor, Babajide Sanwo-Olu, on Tuesday unveiled the…

Minister of Power Adebayo Adelabu Elegbede Abiodun Minister of Power Adebayo Adelabu has debunked the rumour that he has stepped down from the Federal Executive Council by resigning, as “fake news.” This is even as the clock runs out on a presidential directive requiring political appointees with 2027 election ambitions to vacate their posts by March 31. The rebuttal, issued late Tuesday through his media aide, came amid intense political speculation about the minister’s future, fueled by his own recent remarks about a possible governorship run in Oyo State and the growing uncertainty surrounding President Bola Tinubu’s cabinet ahead of…

The draw brings Nigeria’s unbeaten run under Chelle to 19 matches.  Emmanuel Fernandez marked his first start for the Super Eagles with a goal, but Alex Iwobi’s late red card for violent conduct overshadowed Nigeria’s performance as Eric Chelle’s side were held to a 2-2 draw by Jordan in their second friendly of the international break in Antalya, Turkey, on Tuesday, PUNCH Sports Extra reports. Nigeria made six changes from the side that beat Iran 2-1 on Friday, with debutant Yira Sor handed a starting berth in attack alongside Moses Simon, Ademola Lookman and Akor Adams. Fernandez, who had come…

Elegbede Abiodun The victory marks DR Congo’s first World Cup appearance since 1974, when the country competed as Zaire. The Democratic Republic of Congo, in the early hours of Wednesday, defeated Jamaica 1-0 after extra time to qualify for the 2026 FIFA World Cup, ending a 52-year wait. A 100th-minute goal by Axel Tuanzebe secured the Leopards’ passage, earning them the 47th slot at the tournament. Tuanzebe scored in Guadalajara, Mexico, converting a corner from Brian Cipenga, which deflected past Jamaica goalkeeper Andre Blake. They have been drawn in Group K alongside Portugal, Uzbekistan and Colombia, and will open their…

Guaranty Trust Holding Company Plc , GTCO, has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, up by 22.8% from N1.321 trillion recorded in the corresponding period 2024. The company also declared a dividend of N12.76 per share for the financial year 2025. The results released to the Nigerian Exchange NGX and London Stock Exchange, show that Profit Before Tax, PBT declined to N1.23trillion from N1.266 trillion in 2024. The company stated that its performance reaffirms its capacity to generate sustainable earnings and builds on the momentum from 2024. The Group’s 2025 profit…

The Zenith Bank Plc has collaborated with the Ford Foundation to recognize 19 remarkable Nigerian women, described as unsung “Sheros”, with the inaugural Woman of Power Award. The event took place on Saturday, 28 March 2026, at The Civic Centre, Victoria Island, Lagos. The event was organised by Tricom Productions Themed “Celebrating Resilience, Leadership, and Generosity,” the award recognises women who have demonstrated extraordinary strength, leadership, and impact despite the significant challenges posed by patriarchal societal structures in Nigeria. According to the organisers, the initiative provides a platform to spotlight unsung “Sheroes” — everyday women who are making meaningful contributions…

Growth slowed in the Nigerian private sector at the end of the first quarter of the year as higher fuel costs led to a steep intensification of inflationary pressures. Output growth was only modest, but underlying demand reportedly remained resilient, leading to a further sharp rise in new orders. In turn, firms continued to expand their employment and purchasing activity. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration. The headline PMI posted 51.9…

Nigeria’s digital banking revolution is raising the stakes for consumer trust. The question is whether the industry is rising to meet them. Nigeria’s relationship with digital banking has changed almost beyond recognition in a decade. Where cash once dominated every transaction, from the roadside market to the corporate boardroom, mobile apps, instant transfers and USSD codes have reshaped how tens of millions of Nigerians interact with their money every single day. The figures speak for themselves: point-of-sale transactions surged to a record N18 trillion in 2024, a 69 per cent increase from the year before, and the number of POS…

The SA to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson during a media briefing on Tuesday in Abuja Elegbede Abiodun This grants would provide MSMEs with direct funding towards their immediate business needs. The Federal Government plans to give put over N1 billion to Micro, Small and Medium Enterprises under the 2026 National MSME Awards. The Senior Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, disclosed this at a media briefing in Abuja on Tuesday. Adekunle-Johnson said the awards portal would open on April 7 and close on May 7, urging MSMEs nationwide to…