By Ayomide Otitoju The Economic and Financial Crimes Commission (EFCC) on Thursday handed over ₦3.94 billion in recovered funds to NNPC Limited, following investigations into fraudulent activities linked to some officials of the company. The funds were presented on behalf of EFCC Chairman, Ola Olukoyede, by the Commission’s Secretary, Mohammed Hammajoda, during a ceremony at…
By Ayomide Otitoju Dangote Petroleum Refinery imported crude oil worth $3.74 billion in 2025, according to the latest Balance of Payments report released by the Central Bank of Nigeria (CBN), highlighting ongoing structural changes in the country’s oil sector. The CBN noted that the refinery’s crude imports contributed to movements in Nigeria’s current account position,…
By Ayomide Otitoju The Royal Moroccan Football Federation (FRMF) has welcomed the recent ruling by the CAF Appeal Board, which reaffirmed the primacy of competition regulations and reinforced the standards required for the proper conduct of international tournaments. The FRMF reiterated that, from the start, its stance regarding the match disruption was guided by strict…
By Ayomide Otitoju The MTN Foundation, in partnership with the Bank of Industry (BOI), has opened applications for the third phase of its Y’ellopreneur programme, a ₦1 billion matching-fund initiative aimed at supporting women-led businesses across Nigeria. The programme, implemented through the Enterprise Development Centre of Pan-Atlantic University, is designed to provide female entrepreneurs with…
By Ayomide Otitoju Rite Foods Limited has partnered with RecyclePoints to launch the “Waste-Is-Naira” (W.I.N) initiative, a community-driven programme aimed at promoting recycling and advancing Extended Producer Responsibility (EPR) in Nigeria. The initiative, unveiled at the company’s headquarters in Opebi, Lagos, is designed to convert plastic waste into economic value while strengthening sustainable waste management…
By Ayomide Otitoju The Sultanate Council of Sokoto has declared Friday, March 20, 2026, as the first day of Shawwal 1447AH, marking the celebration of Eid-el-Fitr across Nigeria following the non-sighting of the crescent moon. The announcement was made in a statement issued by the council’s Advisory Committee on Religious Affairs in collaboration with the…
By Atomide Otitoju Bank of Tanzania has made an equity investment in Africa Finance Corporation (AFC), becoming a sovereign shareholder and further strengthening the institution’s capital base and pan-African ownership structure. The investment underscores growing confidence among African sovereign institutions in AFC’s mandate to mobilise long-term capital for infrastructure and industrial development across the continent….
By Ayomide Otitoju NATO Secretary-General Mark Rutte said Wednesday that member states are deliberating on the “best way” to reopen the Strait of Hormuz, a critical chokepoint for global oil shipments. “I have been in contact with many allies. We all agree, of course, that the strait has to open up again. And what I…
By Ayomide Otitoju President Bola Tinubu began his state visit to the United Kingdom on Wednesday with a ceremonial reception at Windsor Castle. Accompanied by his wife, Remi Tinubu, the president was honoured with a 42-gun salute by the King’s Troop Royal Horse Artillery. Earlier, Prince William and Princess Catherine welcomed the Nigerian leader and…
