Non-Executive Director of First Bank of Nigeria Limited, Anil Dua, has acquired 2.56 million ordinary shares of the company valued at about N177.9 million on the Nigerian Exchange Limited (NGX). The acquisition was disclosed in a regulatory filing signed by the Group Company Secretary, Abiola Baruwa, and dated May...
BUSINESS
The Niger Delta Development Commission (NDDC), has trained 500 young men and women in financial prudence and distributed 150 minibuses and 200 tricycles to another set in Cross River State as part of its empowerment programme. Speaking during the Skills Acquisition and Capacity Enhancement Programme in Calabar, Cross...
BY NGOBUA JOHNNIE – Abuja – Senior Deputy Directors in the Bureau of Public Enterprise (BPE), have decried unjust career stagnation and unfair promotion of staff in the Bureau. In a recent petition signed by the Concerned Senior Directors of BPE and addressed to the Vice President, Senator Kashim...
Nigeria Revenue Service (NRS) has declared that tax offices nationwide will now operate on Saturdays as well, in preparation for the launch of the Rev360 Phase I Tax Administration System. In a public notice dated May 7 and signed by the Executive Chairman of NRS, Dr. Zacch Adedeji, the...
Nigerian Exchange (NGX) closed higher on Wednesday as performances from major stocks including Airtel Africa and Dangote Sugar, boosted the market capitalization by N628.5 billion.According to data from the NGX Daily Official List, the market capitalization rose to N155.78 trillion from N155.15 trillion recorded on Tuesday. The All-Share Index...
A terminated sale of a 40 per cent stake in the Amukpe–Escravos Pipeline has drawn renewed attention to Nigeria’s asset disposal processes after fresh independent valuations showed a significant gap between earlier pricing and current estimates. Reports said that assessments conducted in 2025 placed the stake at between $544...
The Nigerian Education Loan Fund (NELFUND), has congratulated Jim Ovia on his retirement as Founder and Group Chairman of Zenith Bank Plc, describing the moment as the close of an extraordinary chapter in Nigeria’s financial services sector. NELFUND, in a statement signed by its Managing Director/Chief Executive Officer, Akintunde...
Nigerian National Petroleum Company (NNPC) Limited has posted improved operational and financial performance in its Monthly Report Summary for March 2026, highlighting steady growth in oil and gas output alongside a sharp increase in profit. According to the report released on Monday, crude oil and condensate production climbed to...
The viral claim that ₦210 trillion vanished from NNPCL between 2017 and 2023 doesn’t pass the market-woman test, a youth accountability group says. Now they’re asking the Senate to prove it — or pull it. In a statement Friday, signed by Mr Johnson Momodu for the Fiscal Accountability Committee...
Air Peace has addressed reports circulating online about alleged passenger neglect on its London Gatwick–Lagos flight, insisting that the situation has been misrepresented and reaffirming its commitment to safety and passenger care. In a statement released on Friday, the airline said the disruption on its May 1, 2026 service...
The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, has held a diplomatic engagement with the Embassy of the United Arab Emirates (UAE) in Abuja, where both parties reaffirmed their commitments to strengthening trade relations and customs cooperation between Nigeria and the UAE. During the engagement, the UAE Ambassador to...
The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the...
United Arab Emirates (UAE) has revealed plans to withdraw from OPEC and OPEC+, citing a shift toward prioritising its national economic and energy interests. The decision, confirmed in an official statement on Tuesday, is set to take effect on Friday and comes at a time of heightened geopolitical tension...
Forget the sanitised press releases. Here is what is unfolding around the Amukpe-Escravos Pipeline (AEP). There are disputes, and then there are situations that test the credibility of the process. What is unfolding around the Amukpe-Escravos Pipeline is not a routine commercial disagreement. It is a case study in...
NNPC Limited women have headlined the 2026 edition of the Ascent Top 100 Career Women in Africa Awards, as the Executive Vice President, Business Services, Sophia Mbakwe, and two other women from the Company were celebrated in Lagos, yesterday, alongside other exceptional female leaders from across the continent. In...
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has bagged the Vanguard Newspapers’ 2025 Energy Innovation and Reform Icon of the Year Award. The award, which celebrates Nigerians making notable impacts across various fields, was received on his behalf by the company’s Executive Vice President, Business...
Nigerian National Petroleum Company (NNPC) Limited has alerted the public to the circulation of misleading and false information suggesting that the Company is selling scrap materials, equipment, or components from its refineries to individuals and private companies. A statement issued on Friday in Abuja by the Chief Corporate Communications...
Ibom Air has announced the appointment of Captain Banjana Bailor as its new Director of Flight Operations as part of positioning for international routes. Bailor brings over 40 years of aviation experience and more than 20,000 flying hours to his new role. He joins Ibom Air with a distinguished...