Author: Ifetayo Adeniyi

Elegbede Abiodun Senate demands specific amount of money spent on each section of components. The Senate has set April 29, 2026 as deadline for appearance of management of the Nigerian National Petroleum Company Limited, NNPCL, before it. According to the Senate Committee on Public Accounts chaired by Senator Aliyu Wadada, Nasarawa West after its meeting on Wednesday, the date is for the NNPCL management to account for the yet-to-be accounted for N210 trillion as contained in audit reports of 2017 to 2023. The Committee specifically declared that the Group Chief Executive Officer of NNPCL, Engineer Bayo Ojulari, should lead the…

Manny Ita  – United Nigeria Airlines has recorded another aviation setback after one of its Airbus A320-200 aircraft suffered a bird strike while operating a flight from Port Harcourt to Abuja. The incident, which occurred mid-operation, forced the aircraft to be grounded for safety inspections and necessary maintenance. Aviation authorities confirmed that the flight landed safely with no injuries reported among passengers or crew. This latest occurrence brings the total number of United Nigeria Airlines aircraft affected by bird strikes to six since January, raising concerns about increasing wildlife hazards around Nigerian airports and their impact on airline operations. Bird…

Manny Ita  – The Nigerian Army has laid to rest Oseni Braimah and several soldiers who were killed during recent insurgent attacks in Borno State, marking a solemn moment for the nation’s armed forces. The burial ceremony was attended by top military officials, government representatives, and grieving families, with tributes pouring in to honor the bravery and sacrifice of the fallen personnel. Military authorities reaffirmed their commitment to sustaining operations against insurgents in the North-East, vowing that the deaths of the officers and soldiers would not be in vain. In a related development, the Zamfara Community Protection Guards recorded a…

Manny Ita  – The Federal Government has released the 2026 Annual Flood Outlook (AFO), warning that at least 33 states across Nigeria are at risk of significant flooding as the rainy season intensifies. The report, presented by the Nigeria Hydrological Services Agency, highlights vulnerable states including Lagos State, Bayelsa State, Delta State, and Adamawa State, among others. It attributes the heightened risk to anticipated heavy rainfall, rising river levels, and poor drainage infrastructure in several urban and riverine communities. According to the outlook, coastal and floodplain regions are particularly exposed, with the potential for displacement of residents, damage to farmlands,…

Manny Ita  – Shares of Seplat Energy have surged past the ₦10,000 mark, making it the first stock on the Nigerian Exchange (NGX) to reach this historic valuation. The milestone reflects strong investor confidence in the company’s performance, driven by solid earnings, strategic expansion in Nigeria’s oil and gas sector, and favorable global energy prices. Market analysts attribute the rally to Seplat’s consistent dividend payouts, operational efficiency, and its positioning as a key indigenous player in the energy industry. The stock’s climb has also been supported by increased institutional interest, both local and foreign, as investors seek exposure to Nigeria’s…

Manny Ita  – Governor Siminalayi Fubara has announced a new housing development partnership aimed at addressing the growing urban housing deficit in Rivers State. The initiative is part of the state government’s broader strategy to expand access to affordable housing, particularly for low- and middle-income residents who have been priced out of the property market due to rising costs and rapid urbanization. The partnership is expected to involve private sector developers, financial institutions, and housing agencies working collaboratively to deliver large-scale residential projects. According to the governor, the plan will not only increase the supply of housing units but also…

Manny Ita  – Former Vice President Atiku Abubakar has revealed that the 2027 presidential election will mark the final chapter of his long-standing political career, signaling what could be his last attempt at Nigeria’s highest office. Atiku, who has contested the presidency multiple times, made the declaration amid growing political realignments and early positioning ahead of the 2027 general elections. His statement is already stirring conversations across party lines, with supporters viewing it as a defining moment, while critics see it as part of a familiar electoral cycle. In a parallel development, the National Chairman of the All Progressives Congress…

Manny Ita  – Students of Obafemi Awolowo University (OAU) have entered the final day of a 72-hour lecture boycott in protest against worsening transportation challenges across the campus. The protest, driven largely by the Student Union and supported by a broad base of undergraduates, stems from the persistent difficulty in accessing reliable and affordable transport within the university. Many students complain of long waiting hours at major bus stops, overcrowded shuttles, and frequent fare hikes by commercial operators, which have disrupted academic schedules and daily activities. The situation has reportedly been exacerbated by a shortage of operational campus buses and…

File: CBN Building Elegbede Abiodun To improve the resettlement of disputes arising from lending. The Central Bank of Nigeria has proposed the establishment of a mediation panel to serve as the first point of resolution for loan-related disputes, reducing immediate recourse to courts in secured lending transactions. The resolution proposal was contained in a circular issued on Tuesday, inviting stakeholders to comment on draft guidelines for the establishment of a Mediation and Dispute Resolution Panel under the Secured Transactions in Movable Assets framework. The circular was signed by the CBN’s Acting Director of the Development Finance Advisory Department, P. I.…

• The Group posted a turnover of N829.2 billion, a 25 percent increase over 2024. Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand its capital base, and accelerate strategic initiatives. The Rights Issue, the shareholders reasoned will aid the Company in its ambitious backward integration projects. The approval was given at the Company’s 20th Annual General Meeting held Wednesday in Lagos during which the Shareholders commended Dangote Sugar’s robust performance over the past year, underscoring their support for the organization’s ongoing evolution and future…