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Tinubu orders ICPC to investigate PFIPC

By Johnbosco Agbakwuru ABUJA— PRESIDENT Bola Tinubu has directed the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to conduct a thorough investigation into the activities of a “Presidential Foreign Intervention Promotion Council” (PFIPC) and all related matters. The President directed that the investigation be concluded and a comprehensive report submitted to him within […]

Protesters urge Senate to delay ambassadorial nominee’s confirmation

By Gift ChapiOdekina, Abuja ABUJA — A coalition of concerned Nigerians and civil society organisations on Tuesday staged a protest at the National Assembly, calling on the Senate to suspend the confirmation of Professor Fashino Abayomi’s ambassadorial nomination. The protesters urged the upper chamber to delay consideration of the nomination, arguing that it should await […]

2027: Obi can’t face me, let alone Tinubu — Umahi

“Even I cannot be scared of Peter Obi, not to talk about President Bola Ahmed Tinubu or our party, the APC. What displays around Peter Obi is AI politics. It is putting something on nothing. Nobody is scared of Peter Obi. Peter Obi is not a threat to our president because Peter Obi himself knows very well that he cannot even face me, let alone face the president,” the minister said.

Dollar to Naira exchange rate today, July 7, 2026

The Nigerian naira traded with mixed performance against the United States dollar on Tuesday, July 7, 2026, as the official Nigerian Foreign Exchange Market (NFEM) remained relatively stable while the parallel market recorded a slight weakening.

Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims.  In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […]

FG incurs N358.3bn electricity subsidy in Q1 — NERC

By Obas Esiedesa, Abuja The Federal Government (FG) incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its […]

Beta Glass injects N1tr into economy in 10yrs, unveils new board

By Jimoh Babatunde Beta Glass Plc says it has contributed over N1 trillion to Nigeria’s economy in the last 10 years, reaffirming its commitment to expanding investments, sustainable manufacturing and shareholder value. At its 52nd Annual General Meeting in Lagos, shareholders approved key resolutions, including the reconstitution of the Board of Directors. According to an independent […]

Dangote, major marketers cut petrol depot prices as FG mounts pressure

•IPMAN targets sub-N800/litre By Udeme Akpan &  Obas Esiedesa Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit (PMS), popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal […]

Elumelu retires as UBA Chairman, Nnorom named successor

By Babajide Komolafe United Bank for Africa, UBA Plc, has announced the retirement of its Group Chairman, Tony Elumelu   and the appointment of Mr. Emmanuel Nnorom as his successor.  In a statement announcing the board leadership change filed with the Nigerian Exchange, NGX, the bank stated: “Mr. Tony O. Elumelu, Group Chairman of UBA, will  […]

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