•Remits N22.3trn to govt •Supplies 278.2m barrels to domestic refineries By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday reported a profit after tax of N7.2 trillion for the 2025 financial year, representing a 33 percent increase from the N5.4 trillion recorded in 2024. The company’s revenue, however, declined by […]
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Nigeria’s foremost payment infrastructureprovider, the Nigeria Inter-Bank Settlement System (NIBSS) PLC, has announced that its National Payment Stack (NPS) surpassed 100 million successful transactions lastFriday, marking a major milestone in Nigeria’s paymentsmodernisation journey. Built on full compliance with the ISO 20022 global messaging standard, the NPSprovides a unified, future-ready foundation for seamless, data-rich and securepayments. […]
By Peter Egwuatu Guaranty Trust Holding Company Plc , GTCO has recorded Group profit before tax, PBT of N603.03 billion, in the first half 2026,H1’26, driven by strong performance on the interest and trading income lines, which grew Year on Year, YoY by 7.5% and 24.7%, respectively. The strong earnings recorded were moderated by a […]
By EmekaAnaeto, Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) has revealed that the nation’s Net External Reserve had plunged to a mere $859 million as of the second quarter of 2023, a clear negative position unprecedented in the history of the bank, and also less than a month imports bill. The […]
The Nigerian currency, the naira, exhibited relative stability against the United States dollar across both the official and parallel market segments as trading commenced mid-week.
Speaking during an interview on Channels Television on Tuesday, Ibrahim explained that Trump did not remain in his designated seat during the session, as the US president reportedly delivered his address and left.
“So, why are the Chinese coming to compete with us? We are moving away from there. And it’s going to start in Abia.
Leading indigenous marine logistics and offshore support company, Tamrose Limited, has expanded its operations into Angola in order to build a stronger presence across Africa’s maritime and energy markets. The expansion also advances Tamrose’s broader strategy of following Africa’s offshore hydrocarbon footprint and taking its capabilities into new markets. The company has established a formal […]
“Political parties created democracy, and modern democracy is unthinkable save in terms of the parties.” — E. E. Schattschneider I sometimes wonder if Schattschneider would review his opinion on the centrality of political parties in a democratic dispensation if he had anticipated the situation in Nigeria today. In 2022, I was invited to serve as […]
Agada is the Principal of Cyrus Acoustics Sound C4i & Co., President of the Congress of Professionals, and the Shadow Minister of Infrastructure
THE photograph usually comes first. A young Nigerian stands at the airport, passport in hand, luggage beside him, smiling as family members gather for one last embrace.
His name carries an unusual combination of scholarship and electoral politics. But the bigger story is the political road that brought him
Hajja Bintu Konto’s impressive record of service, particularly in conflict-affected communities across Northern Nigeria, has earned her respect
…Adds 2.88m subscriptions in one month By Juliet Umeh Nigeria’s active telecommunications subscriptions rose by 2.88 million in July 2026 to 195.11 million, up from 192.23 million recorded in June, according to the Nigerian Communications Commission, NCC. The increase represents a monthly growth of about 1.5 per cent, while the country’s teledensity rose from 88.67 […]
The Muse agent is built on Meta’s own AI models and is designed to compete with OpenAI’s ChatGPT and Anthropic’s Claude.
By Prince Osuagwu Battery power is becoming a major consideration for smartphone users, and Xiaomi says this is why it has made battery endurance a priority in its new REDMI Note 17 Series, which arrives in Nigeria on September 30, 2026. The biggest talking point is the REDMI Note 17 Pro Max 5G, which comes […]
By Prince Osuagwu, Hi-Tech Editor Financial technology platform, Dtunes, is rebranding as Swapto, as it moves to expand its services from just a cash-out platform to broader multi-currency management for Nigerians and businesses. The company, which says it has served hundreds of thousands of Nigerian users, explained that the new name reflects its evolving focus […]
By Elizabeth Osayande History has been made at Fountain University, Osogbo, with the appointment of Dr. Raheemat Adefolake Adeniran as the institution’s first Professor of Mass Communication. A product of the Lagos State University School of Communication, Prof. Adeniran also made history as the first Professor in the College of Management and Social Sciences, where […]
However, JAMB said the emergence of stronger identity authentication and biometric verification systems had enabled it to review the policy without compromising the integrity of candidates’ records.
By Aniche Chiamaka The Micro Small and Medium Enterprises Institute of Management and Professional Studies, MIMPS, Nigeria, has honoured 58 Distinguished Fellows during their last executive workshop and fellowship investiture held recently at the University of Lagos, Akoka. The Registrar of the Institute, Dr Okeoma Alphonsus, admonished the newly-inducted Fellows that they were honoured not […]
BENIN CITY – The Chairman of Etsako West Local Government Area, Hon. Romeo Omoike, was among the graduands at the 22nd Convocation Ceremony of Benson Idahosa University (BIU), held at the university’s permanent site on Sapele Road, Benin City. A total of 1,324 students comprising 1,059 undergraduates and 265 postgraduates, graduated from the institution, the […]
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