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NNPC Running Of Refineries Brought Monumental Loss

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has revealed that the state-owned refineries were operated at a “Monumental loss” which led to the decision to stop operations in a bid to resist further value erosion. Ojulari spoke on Wednesday in Abuja during a fireside chat titled “Securing...
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FAAN to Shut Lagos Airport Terminal for Rehabilitation

The Federal Airports Authority of Nigeria has announced plans to shut down Terminal 1 of the Murtala Muhammed International Airport, Lagos, in March as part of ongoing infrastructure rehabilitation and expansion works. The planned closure, expected to take effect in about one month, is aimed at addressing long-standing structural and operational deficiencies at the ageing...
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Banking Stocks Boost NGX Market Cap by N340bn

The Nigerian Stock Exchange gained ground on Tuesday, as banking stocks and select industrial equities drove the market capitalisation higher by N340bn, closing at N106.5tn. A total of 736.1 million shares were exchanged in 45,994 deals, representing a total turnover of N24.37bn. Compared with Monday, trading volume fell by three per cent while the number...
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US Deploys Troops To Nigeria

The United States has dispatched a “small team” of troops to Nigeria following recent security cooperation between both countries. Dagvin Anderson, the general in charge of the United States Africa Command (AFRICOM), disclosed this during a press briefing on Tuesday. This marks the first public acknowledgement of U.S. boots on the ground in Nigeria since...
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States fast-track urban transport reforms for World Bank fun

State transport commissioners across the country have moved to fast-track urban mobility reforms, directing ministries to submit bankable infrastructure projects as Nigeria positions itself to unlock World Bank financing under the National Urban Mobility Programme. The push followed a NUMP stakeholders’ forum held in Abuja over the weekend, where federal and state actors, development partners,...
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UN Commends Zulum’s Developmental Drive

…As Borno hosts 7 ambassadors UN Summit The United Nations (UN) has commended Governor Babagana Zulum for his developmental strides and post-insurgency recovery efforts The UN Resident and Humanitarian Coordinator, Mr Mohamed Malick Fall, gave this commendation when he led a delegation of 7 Ambassadors, Minister of Humanitarian Affairs and Poverty Alleviation, with Ambassadors of...
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TotalEnergies Nigeria Posts N12.50bn Pre-Tax Loss for 2025

TotalEnergies Marketing Nigeria Plc reported a pre-tax loss of N12.50bn for the financial year ended 31 December 2025, reversing a pre-tax profit of N42.26bn recorded in 2024, following a sharp decline in revenue and weaker operating performance. According to the company’s audited financial statements released to the Nigerian Exchange, revenue fell 26 per cent to...
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PDP Berates Kwara Gov Over Reaction To Bandit Attack

The Kwara State Chapter of the People’s Democratic Party (PDP) has knocked Governor Abdulrahman AbdulRazaq over his response to the recent attack on Woro and Nuku communities in Kaiama Local Government Area of the State by bandits. Describing the attack as kid gloves and lacking substance that guarantees reassurance for the victims, the party said...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...