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The Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to be wary of Ponzi schemes and fraudulent investment platforms, stressing that only funds kept with licensed banks under the Central Bank of Nigeria (CBN) regulation are insured. The managing director/chief executive of the NDIC, Thompson Oludare Sunday, gave the warning on Thursday during the corporation’s […]

Nasarawa State Governor, Abdullahi Sule on Thursday, flagged off the disbursement of the bursary allowances to students from the state studying in various higher institutions of learning across the country. Speaking during the ceremony in Akwanga town, headquarters of Akwanga local government area of the state, the governor said the scholarship covers 2023/2024 session with […]

The Sergeant-at-Arms of the National Assembly, Etido Ekpo, has announced new security restrictions around the office of the Senate President, Godswill Akpabio, ahead of the legislature’s resumption from recess. In a memo dated October 2, retired Brigadier-General Ekpo directed that the corridor linking the White House lobby to the Senate President’s office will now be […]

On the eve of Nigeria’s 65th independence anniversary, I reflected on Harold Smith. He’s not widely known in Nigeria. And that’s probably to be expected for a man whom the British establishment ostracised for decades for daring to be different, before his death. He was everything the British colonial authorities didn’t want him to be, […]

The Nigeria Export-Import Bank (NEXIM) has reported an impressive operating profit of N30.47 billion for the financial year ending 2024, a significant increase from N13.75 billion in the previous year, signalling strong growth and resilience amid challenging economic conditions. The bank has also been assigned a Bbb+ rating by leading credit rating agency Agusto & […]

Nigeria has made significant strides in reviving its oil and gas sector, with the number of active drilling rigs rising sharply from 31 in January 2025 to 50 as of July 2025. This surge in upstream activity comes amid a renewed commitment by the Nigerian government to foster a stable, transparent, and investor-friendly petroleum environment. […]

The Nigerian stock market yesterday sustained the bullish trend, with the overall capitalisation increasing by N171 billion. The All Share Index (ASI) gained by 268.98 points, representing a growth of 0.19 per cent to close at 142,979.46 points. Also, market capitalisation gained N171 billion to close at N 90.752 trillion. The upturn was impacted by […]

Oil major ExxonMobil is about to cut 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its long-term. The reductions represent about three to four per cent of Exxon’s global workforce and are part of the company’s ongoing efficiency drive, chief executive officer Darren Woods said in […]

The Nigerian National Petroleum Company Limited (NNPCL) has reported a significant loss of 16% in the nation’s oil production due to a three-day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), the company’s group chief executive officer, Bashir Ojulari, stated. The strike also substantially reduced gas output and power supply, […]

Electricity Distribution Companies (DisCos) collected N193.96 billion in consumer bill payments in July 2025, the latest Nigerian Electricity Regulatory Commission (NERC) Factsheet has shown. The report showed that despite the 6.51 per cent improvement in total revenue collected, their revenue recovery efficiency fell short of the allowed tariff. NERC’s latest fact sheet revealed that DisCos […]