By Ayomide Otitoju FCMB Group Plc has announced plans to raise equity capital as part of efforts to strengthen its financial base and support its regional and international growth strategy. In a notice filed with the Nigerian Exchange and communicated to stakeholders, the company disclosed that its Board of Directors, acting on shareholders’ approval at…
By Ayomide Otitoju A passenger train travelling from Abuja to Kaduna derailed on Tuesday morning, sparking panic among passengers and relatives. The incident occurred at about 11:09 a.m. at kilometre 49, between Kubwa and Asham stations, shortly after the train departed Abuja, according to the Nigerian Railway Corporation (NRC). Eyewitnesses described the scene as chaotic,…
By Ayomide Otitoju Former Kaduna State Governor Nasir El-Rufai has praised what he described as “a spirit of unity and foresight” following reports that the entire structure of the Social Democratic Party (SDP) in the state had collapsed into the African Democratic Congress (ADC). El-Rufai, speaking at a high-level coalition meeting he chaired on Saturday,…
Ayomide Otitoju The African Democratic Congress (ADC) has criticised the Peoples Democratic Party (PDP) and the All Progressives Congress (APC) for focusing on zoning their 2027 presidential tickets two years before the polls, saying the move shows disregard for the challenges facing Nigerians. “The general election is still in 2027; it’s still two years away….
By Ayomide Otitoju The Peoples Democratic Party (PDP) has resolved to zone its 2027 presidential ticket to the South while retaining the national chairmanship in the North. The decision was ratified during the party’s National Executive Council (NEC) meeting held in Abuja, where members also affirmed Umar Damagum as National Chairman. Damagum has been serving…
ByAyomide Otitoju The Chairman of the Peoples Democratic Party (PDP) South-South caretaker committee, Emmanuel Ogidi, has warned that the party will not hesitate to sanction members involved in anti-party activities as it positions itself for the 2027 general elections. Speaking on Channels Television’s The Morning Brief on Tuesday, Ogidi dismissed claims that the ruling All…
By Ayomide Otitoju Nigeria’s oil production climbed to an average of 1.71 million barrels of oil per day (bopd) in July 2025, according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The output included 1.507 million bopd of crude oil and 204,864 bopd of condensates, marking a 9.9% increase from July…
Japan has lodged a formal protest with China after confirming what it described as Beijing’s unilateral efforts to develop gas fields in contested areas of the East China Sea, Tokyo’s foreign ministry said late Monday. The ministry said it had verified that China was installing drilling rigs in waters where the two countries’ exclusive economic…
By Ayomide Otitoju The Presidency on Monday announced that President Bola Tinubu has secured the return of Petrobras to Nigeria, five years after Brazil’s state-owned oil giant halted its joint venture operations in the country. The development was confirmed in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga,…
