Author: Ifetayo Adeniyi

Manny Ita- Former Vice President Atiku Abubakar, former Anambra State governor Peter Obi, and former Minister of Transportation Rotimi Amaechi on Friday jointly addressed a press conference to express concerns over issues relating to Nigeria’s Electoral Act and the country’s democratic process. The political leaders, alongside other stakeholders under a coalition platform, said the engagement was aimed at drawing national attention to what they described as urgent electoral reforms required to strengthen transparency, credibility, and public confidence in elections. Speaking during the briefing, the leaders stressed the need for strict adherence to electoral laws and institutional independence, noting that credible…

Manny Ita  – Ogun State Governor, Dapo Abiodun, has inaugurated the Iworo–Ogbogbo–Igbeba Road, reaffirming his administration’s commitment to expanding rural-urban connectivity and improving transportation infrastructure across the state. Speaking during the inauguration ceremony, the governor said the completion of the road project was part of deliberate efforts by his administration to open up rural communities, stimulate economic activities, and enhance the movement of goods and people within the state. Abiodun noted that improved road infrastructure remained critical to economic growth, particularly in linking agrarian communities with urban centres and major markets. He stated that the newly inaugurated road would ease…

Manny Ita  – United States authorities have indicted a lawyer, Okoronkwo, over an alleged $2.1 million bribery scheme connected to the negotiation of oil drilling rights involving Addax Petroleum and the Nigerian National Petroleum Corporation (NNPC). According to the indictment, the payment was purportedly made for consultancy services relating to the negotiation and completion of a settlement agreement with the NNPC concerning Addax’s drilling rights in Nigeria. Prosecutors said Addax had calculated that it stood to lose billions of dollars if its favourable drilling rights were not secured. “The engagement letter that Addax signed that month with Okoronkwo’s law office…

Manny Ita  – The Federal Airports Authority of Nigeria (FAAN) has announced the final transition to a fully cashless revenue collection system, effective March 1, 2026. Under this new mandate, all physical cash transactions at airport revenue points—including access gates, car parks, and VIP lounges—will be prohibited. The move follows a series of directives from the Federal Government and the Federal Executive Council aimed at institutionalizing electronic revenue collection and eliminating leakages across all Ministries, Departments, and Agencies (MDAs). ​Managing Director and Chief Executive of FAAN, Mrs. Olubunmi Kuku, confirmed the strict enforcement of the policy, noting that the agency…

Manny Ita  – The Federal Government of Nigeria has advanced high-level negotiations with Chinese investors to revive the 42-year-old Ajaokuta Steel Company through a $2 billion investment framework anchored on a production-sharing model. Under this strategic arrangement, the project will not require direct federal funding, shifting the financial burden to private partners while maintaining national ownership of the asset. ​Joseph Tegbe, the Director-General and Global Liaison for the Nigeria-China Strategic Partnership, confirmed that the proposed plan aims to restart the existing 1.3 million metric tonne rolling mill within six months of commencement, with a long-term target of scaling annual capacity…

File: Minister for Aviation, Festus Keyamo Elegbede Abiodun • Says NAMA is an interdependent ecosystem requiring strong partnerships to function. The Federal Government will spend over N21 billion on the first phase of the Nigerian Airspace Management Agency headquarters in Abuja. The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, disclosed this on Thursday at the groundbreaking ceremony for the new NAMA corporate headquarters. Keyamo said the contractor, MESSRS NHD Interbiz Projects Ltd., was expected to complete the phase within 30 months. “We will hold them to the highest standards of quality and timelines as stipulated in the agreement.…

MTN Nigeria MTN Nigeria has reaffirmed its position as a critical driver of the non-oil economy, posting a service revenue of N5.2tn in its 2025 audited financial results. Beyond the impressive top-line growth, the company emphasised that its financial success is deeply intertwined with national development, standing firmly as one of the country’s largest corporate taxpayers and ensuring its profitability supports the Federal Government’s infrastructure and social welfare programmes. The 2025 financial year, according to a statement from the firm, was described as a remarkable period of recovery and resilience for the company. The Chief Executive Officer, Dr Karl Toriola,…

Elegbede Abiodun • Says successful conduct of the forthcoming elections was a collective responsibility. Independent National Electoral Commission (INEC) has fixed Saturday, January 16, 2027, for the presidential and National Assembly elections. The commission had earlier fixed Saturday, Febru-ary 20, 2027 for the presidential and National Assembly elections, and Saturday, March 6, 2027 for the governorship and state Houses of Assembly elections, pursuant to the Electoral Act, 2022. However, INEC’s National Commissioner and Chairman, Information and Voter Education Committee, Mohammed Haruna, in a statement, in Abuja, said the governorship and state Houses of Assembly elections would now hold on Saturday,…

Growth was tied to a combination of elevated service standards.  Shareholders of Transcorp Hotels Plc, yesterday approved the sum of N13 billion as dividend for the 2025 financial year. This translated to a total N1.30 kobo per share. Shareholders also commended the management for continuously improving its financial performance over the years. Chairman, Transcorp Hotels Plc, Dr. Awele Elumelu, said 2025 was a good year as revenues increased by 38 per cent to N97 billion compared to N70 billion in the preceding year. She said the growth was driven by a combination of elevated service standards. She said, “We saw…

Elegbede Abiodun “… interest-free financial stability to every Nigerian.” Acting Chief Executive Officer, IIFM stated. The Alternative Bank (AltBank) has joined the International Islamic Financial Market (IIFM), the global standard-setting body for Islamic finance documentation and market practice. The membership aligns the bank with internationally recognised frameworks used across major Islamic finance jurisdictions, reinforcing the structure, execution and credibility of its Shari’ah-compliant transactions. As part of the integration, AltBank will align its interbank liquidity documentation with IIFM’s Master Collateralised Murabahah Agreement (MCMA) framework and plans to unveil its first ready-to-sign documentation pack alongside a streamlined counterparty onboarding process in Q2…