By Ayomide Otitoju The Federal Government has dismissed reports of an imminent electricity tariff increase, reaffirming its commitment to improving power supply across the country through ongoing reforms and strategic investments. Minister of Power, Joseph Olasunhanmi Tegbe, made the clarification during a stakeholders’ engagement with industry players and the media in Lagos on Friday, saying…
By Ayomide Otitoju British energy giant Shell has reported a sharp rise in second-quarter earnings, with net profit tripling to $10.8 billion as higher oil prices driven by conflict in the Middle East boosted revenue. In its earnings statement released on Thursday, the company said profit after tax for the April–June 2026 period increased from…
By Ayomide Otitoju Nigerian National Petroleum Company (NNPC) Limited recorded a profit after tax of ₦535 billion in June 2026, representing a 15.8 per cent increase from the ₦462 billion reported in May. The figures were contained in the company’s June 2026 Monthly Financial and Operations Report, which also showed total revenue of ₦4.389 trillion…
By Ayomide Otitoju Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has further increased his investment in the financial services group after a related company acquired 1.77 billion ordinary shares valued at ₦222.21 billion in a single transaction on the Nigerian Exchange (NGX). According to a share dealing notification dated July 30, 2026,…
By Ayomide Otitoju The Osun State Police Command has confirmed the arrest of the Secretary to the State Government (SSG), Teslim Igbalaye, and five other individuals following an intelligence-led operation at a property linked to the government official in Osogbo. According to the police, the operation was launched after intelligence reports indicated that suspected members…
By Ayomide Otitoju A joint security team has rescued nine abducted persons and killed three suspected bandits during a coordinated operation in Ekiti Local Government Area of Kwara State. The operation was carried out in the Obbo-Aiyegunle, Ejiu-Ora and Osi axis of the local government, which borders Ekiti and Niger states. In a statement issued…
By Ayomide Otitoju President Bola Tinubu, former President Olusegun Obasanjo, Abia State Governor Alex Otti, and other prominent Nigerians have called for renewed commitment to national unity, patriotism and selfless service as the country marked the 60th memorial anniversary of Nigeria’s first Military Head of State, Major General Johnson Aguiyi-Ironsi. The leaders made the appeal…
Chelsea have officially completed the signing of France international defender Maxence Lacroix from Crystal Palace in a deal reportedly worth around £52 million. The 26-year-old centre-back has signed a long-term contract that will keep him at Stamford Bridge until 2032, becoming one of the club’s latest major additions ahead of the 2026/27 season under new…
By Ayomide Otitoju The Federal Government has described the Dangote Petroleum Refinery and Petrochemicals complex as a major pillar in Nigeria’s ambition to achieve a $1 trillion economy, pledging stronger collaboration with private investors to boost industrialisation, job creation and economic growth. Minister of State for Industry, Senator John Owan Enoh, stated this on Thursday…
