State-run oil firm, the Nigerian National Petroleum Company Limited (NNPCL) said it generated N2.57 trillion revenue in January this year. According to the NNPCL monthly report of January 2026, it also posted N385 billion profit after tax (PaT). NNPCL further disclosed that in the period under review, N726 billion was remitted into the Federation account…
SPEAKER, House of Representatives, Abbas Tajudeen has warned that climate inaction could cost Nigeria up to 30 per cent of its Gross Domestic Product by 2050 equivalent to about $460 billion. The Speaker said the impacts of climate change are already being felt across the country with serious economic and environmental consequences, while calling for…
The Chairman of Zinox Group and Africa’s foremost digital disruptor, Leo Stan Ekeh, has expressed gratitude to President Bola Tinubu, and former President and African statesman, Chief Olusegun Obasanjo, for their goodwill messages and prayers on his birthday. Ekeh, who turned 70 on Sunday, February 22, also extended gratitude to governors; former governors, including Babatunde…
Nigeria’s Project BRIDGE has secured a $100million investment from the Board of the European Bank for Reconstruction and Development (EBRD) and another a €22 million grant from European Union Digital Economy Package of €45 million. Minister of Communication, Innovation and Digital Economy, Dr Bosun Tijani, disclosed this via his X handle @bosuntijani. He wrote: “As…
President Bola Tinubu is alleged to have sacked Kayode Egbetokun as the 22nd Inspector-General of Police. According to a Police Service Commission (PSC) source, Egbetokun is expected to be replaced by Tunji Disu, an Assistant Inspector-General of Police recently posted to oversee the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos. The source disclosed that…
The Federal High Court in Ado-Ekiti has been asked to compel the senator representing Ekiti South Senatorial District, Sen Adeyemi Raphael Adaramodu to disclose details of their constituency funds, projects and budgetary allocations. The suit was instituted by Adekunle Esan, a former governorship aspirant and indigene of Ilawe Ekiti in Ekiti South West Local Government…
President Bola Tinubu has congratulated Mr Leo Stan Ekeh, Founder and Chairman of Zinox Group, on his 70th birthday on February 22, describing him as “one of Nigeria’s pioneering innovators in the information technology sector.” A statement by Mr. Bayo Onanuga, Special Adviser to the President (Information & Strategy) noted that the President recalled the…
Africa’s largest oil producer, Nigeria, underperformed its 1.5 million barrels per day (bpd) quota in nine months of 2025 and again in January 2026, according to Nigerian Upstream Petroleum Regulatory Commission (NUPRC) figures. Using the Central Bank of Nigeria (CBN’s) average Bonny Light price of $72.08 per barrel over the 10 months for which data…
The Nigerian government has halted ongoing process by Africa’s largest carrier, MTN Group, to acquire the largest tower company on the continent, HIS Towers. The Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, in a statement, stopped the process. The TowerCo has a portfolio of over 30,000 towers across several African markets, including…
