Justice Robin Knowles of the United Kingdom’s High Court has delivered a scathing verdict on the controversial arbitration process that led to the $11 billion award against Nigeria in favour of Process & Industrial Developments Limited (P&ID), describing the entire proceeding as deeply flawed. The judge, who recently set aside the massive award, did not
Africa’s foremost industrialist and President of the Dangote Group, Aliko Dangote, has expressed deep concern over what he described as a troubling contradiction in the continent’s energy sector, one where African nations continue to export crude oil but depend heavily on foreign countries for refined petroleum products. Speaking at a recent economic forum, Dangote questioned
Chelsea defender Tosin Adarabioyo, who recently lifted the FIFA Club World Cup with the London-based Premier League side, has paid a courtesy visit to the Governor of Lagos State, Mr. Babajide Sanwo-Olu, as part of his ongoing visit to Nigeria. The 27-year-old centre-back, who joined Chelsea in June 2024, was warmly received by Governor Sanwo-Olu
The Nigerian equities market extended its bullish run on Tuesday, with the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) soaring past the 132,000 psychological threshold, as investors continued to show renewed confidence in fundamentally strong stocks. Dangote Sugar Refinery Plc led the list of gainers, while Access Holdings Plc (ACCESSCORP) emerged as the
News Report – July 23, 2025 Honourable Dr. Yusuf Tanko Sununu, the Minister of State for Humanitarian Affairs and Poverty Reduction, has met with former Speaker of the House of Representatives, Rt. Hon. Patricia Etteh, to foster stronger collaboration in addressing poverty and humanitarian challenges across Nigeria. The strategic engagement, held in Abuja, reflects the
News Report – July 23, 2025 Farmers under various cooperative societies across Nigeria’s South-East have applauded President Bola Ahmed Tinubu for the recent approval of the South East Investment Company, describing it as a bold and strategic move to revitalize agriculture, boost regional development, and empower local farmers. The farmers hailed the initiative as a
News Report – July 23, 2025 Thousands of N-Power beneficiaries may soon receive long-awaited payments as the Nigerian Senate has stepped in to resolve issues delaying the disbursement of ₦81 billion in outstanding allowances. The Senate’s intervention led to a high-level meeting involving the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, and
News Report – July 23, 2025 Airline operators in Nigeria have warned that passengers should prepare for a hike in ticket prices beginning January 2026, as the federal government rolls out a new tax regime that includes the reinstatement of Value Added Tax (VAT) on air transport services. According to the operators, the proposed fiscal
Investors in the Nigerian stock market had another profitable trading session on Tuesday as the market capitalization surged by N396 billion, continuing the recent bullish trend. The All-Share Index rose by 0.71% to close at 99,793.71 points, up from 99,088.32 points recorded previously, while the total market value climbed to N56.49 trillion from N56.09 trillion.
News Report – July 23, 2025 Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has affirmed that Nigerians are beginning to show renewed confidence in the Naira, attributing this shift to the effectiveness of recent monetary policies introduced by the apex bank. Speaking at the Monetary Policy Committee (MPC) meeting held in
