THISDAY
FORMULA 1 RETURNS TO AFRICA…
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said financial markets and the international community have largely written off Nigeria's opposition political parties as unserious, with investors already pricing in...
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Atiku Fit, Ready to Traverse 36 States, FCT, ADC-PCC Declares
Democratic Party (PDP) aspirant in Ogun State has threatened legal action. The development comes as President Bola Tinubu yesterday nominated five new officials to the electoral body and reappointed its National Commissioner representing the...
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Tinubu: I’m Ready to Renew Pact With Nigerians, Inaugurates 2027 Campaign Council
President Bola Tinubu, yesterday, declares his readiness to renew covenant with Nigerians ahead of the official launch of his second term campaign, billed to kick off in Kaduna on October 24. The president, who foreclosed the possibility of being...
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Akume: 1999 North-south Power Rotation Agreement Favours Tinubu’s Re-election Bid
The Secretary to the Government of the Federation (SGF), Senator George Akume, has disclosed that the 1999 agreement between northerners and southerners to rotate power for eight years between the North and the South is in favour of the re-election of...
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Kidnappers of 20 NYSC Members Give Parents 24-hour Ultimatum to Pay N1bn Ransom
The kidnappers of the prospective National Youth Service Corps (NYSC) members abducted in two buses along the Owerri-onitsha Road in Umunoha community of Mbaitoli Local Government Area (LGA) of Imo State last Thursday have given the parents of the...
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186,000bpd Committed to Debt Repayment as UAE Seeks to Spread Risk on $5bn Loan
Company Limited (NNPC Ltd) has committed more than 186,000 barrels per day of future crude production to debt repayment under three crudebacked financing arrangements. The commitments, captured in the newly released 2025 Audited Financial Statements...
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Dangote Eyes $35bn Annual Profit By 2030, to Invest $8bn in LNG Plant
The Dangote Group has unveiled more details of its ‘Vision 2030’, targeting over $115 billion in group turnover and $35 billion in annual profit by 2030, anchored on nearly $50 billion in new investments across Africa. This, it said, includes an $8...
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APC, Rainbow Coalition Battle Intensifies in Kwara, Ogun, Benue, Kebbi, Others
The political battle between the governors of the ruling All Progressives Congress (APC) and the Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, over the minister's sponsorship of the Rainbow Coalition has intensified in Kwara, Ogun,...
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At UNGA 81, Nigeria Teams Up with Italy for Massive $5bn Global Education Funding
Nigeria and Italy have strengthened collaboration to implement the proposed Global Partnership for Education (GPE) financing campaign targeted at mobilising $5 billion for education financing worldwide. This was just as President Bola Tinubu has said...
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After Petroleum Refinery, Dangote Announces 2028 IPO for Fertiliser Business
President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has announced plans to take the group’s fertiliser business public in 2028, projecting that the company would become the biggest fertiliser company in the...
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Wike to Emerge APC Campaign Council Coordinator for FCT, Rivers
President Bola Tinubu has moved to give the Federal Capital Territory (FCT) Minister, Nyesom Wike, a clearly defined role in his 2027 re-election campaign, with the former Rivers state governor expected to emerge as coordinator of the campaign...
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FG Probes Deaths of 37 Suspected Illegal Miners in Minna, Names 20 Suspended NSCDC Officers
The federal government has constituted a 10-member independent committee to investigate the deaths of the 37 suspected illegal miners detained last Thursday by the Nigerian Security and Civil Defence Corps (NSCDC) in Minna, the Niger State...
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Simon Lalong, First Lady, Others Defend Tinubu’s Quest for Second Term
in Abuja A former governor of Plateau State, Senator Simon Lalong, and wife of the president, Senator Oluremi Tinubu, among others, have risen in unison to defend the second term quest of President Bola Tinubu. They stressed that the difficult...
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Tinubu, Amosun, Sanwo-olu, Musawa, Others Mourn Veteran Actor, Olu Jacobs
President Bola Tinubu, yesterday, joined other Nigerians to mourn the passing of veteran Nollywood actor and film executive, Oludotun Baiyewu Jacobs, popularly known as Olu Jacobs, who passed away at the age of 84. Olu Jacobs brought grace and finesse...
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Wike: APC Govs Unaware of Goings-on, Tinubu Knows About Rainbow Coalition
in Abuja Minister of the Federal Capital Territory (FCT), Nyesom Wike, last night said governors elected on the platform of the All Progressives Congress (APC) were unaware of his political discussions with President Bola Tinubu, insisting that he...
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FG Signs 728.9bn Power Bond, Formalises Financing Deal to Offset Gencos’ Debt
in Abuja The federal government yesterday officially signed the financing documents for the N728.9 billion Series 2 power sector bond, marking the completion of the transaction designed to settle part of its N4 trillion outstanding obligations to the...
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Dangote Refinery Opens Landmark Initial Public Offering Today to the Investing Public
Dangote Petroleum Refinery & Petrochemicals FZE today announced the commencement of its Initial Public Offering (IPO), marking a historic milestone in Nigeria's economic development and the evolution of Africa's capital markets. The offer will be...
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ALIKO DANGOTE FOUNDATION, ADF/YOUNG GLOBAL LEADERS ENGAGEMENT...
L-R: Co-chair, Board of Trustees, The Africa Center New-york, Jendayi Frazer; representing President of Rwanda and the CEO, Rwanda Development Board, Mr. Jean-guy Afrika; Vice President, Dangote Oil & Gas and Fertilizer, Mr. Davakumar Edwin; President,...
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At CIBN Conference, FG Challenges Banks to Do More for Economy
President Bola Tinubu yesterday challenged Nigerian banks to move beyond balance-sheet expansion and profitability by deploying more capital to productive businesses capable of driving investment, job creation, and economic growth. Tinubu spoke at the...
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TWENTY HEARTY CHEERS TO PAC HOLDINGS! 20 YEARS STRONG IGNITING AFRICA'S FUTURE...
L-R: Mr. Wamkele Mene, Secretary-general AFCFTA, Mr. Eric Okoruwa, Group Executive Director PAC Holdings; and his wife, Mrs. Cordelia Okoruwa; Professor Benedict Oramah, immediate past President Afreximbank; and his wife Mrs. Chinelo Oramah; His...
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TWENTY-HEARTY CHEERS TO PAC HOLDINGS…
L-R: Mrs. Chinelo Oramah; Keynote Speaker, Professor Benedict Oramah; Special guest of honour/lagos State Governor, Mr. Babajide Sanwo-olu; Mrs .Omolola Oshiafi, her husband/group Managing Director/ceo of Panafrican Capital Holdings, Mr. Chris Oshiafi;...
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External Reserves Sustain Upswing to $54.08 Billion, Strengthening Nigeria’s Buffers
External reserves have crossed the $54 billion mark, rising to $54.08 billion as of September 3, 2026, from $41.50 billion recorded on the same date in 2025, representing an increase of $12.58 billion, or 30.3 per cent, year-on-year. Data on the...
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2027: Obaigbena Urges Politicians to Focus on Issues, Avoid Smear Campaigns
Chairman of THISDAY and Arise Media Group, Prince Nduka Obaigbena, yesterday urged political leaders preparing for the 2027 elections to campaign on policies and issues rather than resort to personal attacks and smear campaigns. Obaigbena spoke...
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FG: With Economic Growth Trajectory, Nigeria on Track Towards $1trn Economy
Inspired by the second quarter (Q2) real Gross Domestic Product (GDP) growth of 4.43 per cent, up from 3.89 per cent in the preceding quarter, the federal government has declared that Nigeria was well positioned to consolidate its standing among...
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EFCC: We’ve Recovered N1.23trn, $684m, 1,177 Real Estate Assets in 3 Years
Economic and Financial Crimes Commission (EFCC) has disclosed that it recovered N1.233 trillion, $684.48 million, £373,905.78, €9.34 million, and money in other foreign currencies for the federal and state governments, companies, individuals, and other...
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Niger Junta Regains Control as Gunshots, Explosions Rock Presidential Palace, Airport in Failed Coup
Niger Republic’s ruling junta yesterday said that it “gradually took back control” after mutinying soldiers attacked key sites around the capital including the presidential palace, after the city was rocked by hours of heavy gunfire. Reports claimed...
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Fake Agencies: Tinubu Orders Forensic Sweep of IPPIS, Ministries, FG Institutions
President Bola Tinubu yesterday directed the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Taiwo Oyedele, to oversee and coordinate a comprehensive forensic audit of Federal Urges united APC to ensure grassroots mobilisation...
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FTSE Russell Restores Nigeria to Frontier Market Status After Three-year Exit
Nigeria is set to reclaim its place in the global investment map as international index provider, FTSE Russell, announced moves to restore the country to its Frontier Market classification, ending a three-year period in which the Nigerian market was...
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FG Unveils N1.4 Trillion Social Protection Plan to Tackle Poverty
In a major push to cushion the hardship created by the country’s ongoing economic adjustments, the federal government yesterday unveiled a N1.4 trillion social protection programme designed to tackle poverty by moving vulnerable Nigerians beyond...
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Dolly Parton, Queen of Country Music, Dies at 80
Dolly Parton, the legendary country music singer, songwriter and actress whose distinctive voice, colourful personality and songwriting prowess made her one of the world’s most enduring entertainers, has died at the age of 80. Her family announced her...
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Kwankwaso: APC’S Presidential Campaign Council Represents Continuous Hardship
The vice presidential candidate of Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, has described the recently constituted All Progressives Congress (APC) Presidential Campaign Council as representing a continuation of the same system that has...
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Tinubu Asks APC Campaign Council to Defeat Forces Seeking to Take Nigeria Backwards
President Bola Tinubu yesterday charged the members of the highpowered Presidential Campaign Council of the All Progressives Congress (APC) for the January 2027 presidential election to defeat all those forces who planned to take Nigeria...
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Atiku in Dramatic U-turn, Wants Fuel Subsidy Returned
Former Vice President Atiku Abubakar yesterday reopened one of Nigeria’s most contentious economic debates, promising to restore petrol subsidy if elected president in 2027. However, the position marked a dramatic departure from his earlier advocacy...
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UK Cheers Adeleke, Flags BVAS, Vote Buying, Accessibility Issues in Osun Poll
The United Kingdom, yesterday, congratulated Osun State Governor, Senator Ademola Adeleke, on his re-election. But it also raised concerns over issues believed to be capable of tainting the credibility of the exercise. UK said the issues included...
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Bank of Industry Mobilises N250bn Development Bond in Domestic Capital Market as Institutional Demand Spikes
Bank of Industry Limited (BOI) has secured strong institutional demand for its maiden N250 billion Series 1 Fixed Rate Bond, with the offer oversubscribed within five working days. The performance demonstrates the capacity of the domestic capital...
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Osun Poll: With 95% Results Uploaded, Adeleke in Unassailable Lead
Governor Ademola Adeleke of Osun State was comfortably leading his opponents in yesterday’s governorship election held in the state as the Independent National Electoral Commission (INEC) commenced the collation of the results of the poll. As at...
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Two-horse Race: Adeleke, Oyebamiji in Fierce Battle for Osun Governorship
As the countdown to today’s election draws to a close, the contest for the governorship has effectively become a two-horse race between the incumbent, Ademola Adeleke of Accord Party and the All Progressives Congress (APC) candidate, Munirudeen Bola...
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Adeleke to Workers: Mobilise Everyone to Vote This Saturday and Defend Your Votes
Osun State Governor, Senator Ademola Adeleke, has asked all workers in the state to mobilise their relatives and friends to vote massively on Saturday and defend their votes to ensure continuity of good governance across sectors in the state. In a...
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NUPRC: Dangote Got 98% of Crude Offered to Local Refineries in Q2
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant improvement in the implementation of the Domestic Crude Supply Obligation (DCSO), with local refiners receiving 53.7 million barrels of crude oil and condensate...
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Economy in Recovery: Tinubu’s Reforms Propel MTN, Dangote, BUA, Transcorp, Seplat, Others’ H1 Revenues to N14.4trn, N4.99trn Profits
Ten major quoted companies have recorded a combined N14.4 trillion revenue and N4.99 trillion profit before tax (PBT) in the first half of the year (HI 2026), reaping from the reforms initiated by President Bola Tinubu's administration. According to...
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Okpebholo, Ododo, Umahi, Oyetola Rally against Adeleke
As the campaign for the August 15 governorship election in Osun State gathers fresh momentum, Governors Monday Okpebholo of Edo State, Ahmed Usman Ododo of Kogi State; Minister of Works, David Umahi; and the Minister of Marine and Blue Economy,...
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Fake Agency: ICPC Absolves Gbajabiamila, Seeks Adeniyi Adeyemi’s Prosecution
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) yesterday absolved the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila of any blame in the controversial Presidential Foreign Investment Promotion Council...
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Adeleke Heads to Court as EFCC Freezes Osun Salary Account
Governor Ademola Adeleke yesterday vowed to challenge the Economic and Financial Crimes Commission’s (EFCC) decision to freeze the Osun State salary account domiciled with First Bank, describing the action as unconstitutional and a violation of due...
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INEC Releases Tinubu, Atiku, Obi, 16 Other Presidential Candidates’ Names, Particulars
The Independent National Electoral Commission (INEC) yesterday published the personal particulars of President Bola Tinubu, former Vice President Atiku Abubakar, and former Anambra State governor, Peter Obi, and 16 others as presidential candidates...
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BARAU LEADS KWANKWASO’S GENERALS BACK TO TINUBU...
L-R: Deputy President of the Senate, Senator Barau Jibrin; President Bola Ahmed Tinubu; Senator Kabiru Gaya; Senator Rufai Hanga; and Alhaji Mahmud Danlabraba during a meeting at the Presidential Villa, Abuja, on Sunday, where Barau presented the NNPP...
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Obi Unveils 2027 Agenda, Vows to Personally Lead War Against Insecurity
Chinedu Eze in Lagos, Sunday Aborisade, Raheem Akingbolu, and Olawale Ajimotokan in Abuja Presidential candidate of Nigeria Democratic Congress (NDC), Mr. Peter Obi, has unveiled what he described as a radically different governance blueprint for...
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Kwankwaso: Obi Will Honour His One-term Promise If Elected in 2027
The vice-presidential candidate of the Nigeria Democratic Congress (NDC), Senator Rabiu Musa Kwankwaso, has expressed confidence that the party's presidential candidate, Mr Peter Obi, will honour his pledge to serve only one term if elected in the 2027...
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Budget Office: How Expenditure Controls Blocked Payment of N1.3bn to Fake Agency
The Director General, Budget Office of the Federation (BOF), Mr. Tanimu Yakubu, yesterday insisted that no public funds were released to the controversial Presidential Economic Advisory Council/ Presidential Foreign Intervention Promotion Council...
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In Rebulding Security, Tinubu Expands Army to 12 Divisions, 28 Thousand New Men
President Bola Tinubu has approved the expansion of the Nigerian Army’s structure from eight to 12 divisions—a move designed to enhance the country’s security architecture and improve the operational effectiveness of the Nigerian Army. Presidential...
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Trump to Tinubu: US Stands Firmly with Nigeria Against Terrorism
United States President, Donald Trump, has hailed his Nigerian counterpart, Bola Tinubu, for his decisive leadership “on behalf of the Nigerian people to tackle the issues plaguing Nigeria, especially the violence affecting Christian communities”. In...
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Oyedele: Tinubu Hasn’t Borrowed Up to N80trn, Blames Debt Rise on FX, Legacy Liabilities
in Abuja The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday mounted a robust defence of President Bola Tinubu’s borrowing record, insisting that contrary to widespread public perception, the administration...
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US Declares Global Crackdown on Left-wing Extremism, Conflicts with Iran Deepen
The United States has announced a global campaign against what it described as transnational left-wing extremism, even as its military confrontation with Iran intensified across the Gulf, with fresh attacks on critical infrastructure in Kuwait and...
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US House Backs Bill to Suspend All Assistance to Nigeria over Terrorism
The United States House of Representatives has approved an amendment seeking to withhold 100 per cent of the country’s assistance to Nigeria until the federal government takes effective steps to prevent and respond to terrorism and violence,...
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MAKINDE VISITS RESCUED TEACHERS AND PUPILS AT NIGERIAN ARMY MEDICAL SERVICES HOSPITAL...
Oyo State Governor, Seyi Makinde (left), with the teachers and pupils abducted in Ahoro, Esiele, Yawota Community in Oriire Local Government Area of Oyo State during his visit to them at the 2 Division Nigerian Army Medical Services and Hospital,...
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Army: How We Rescued 44 Abducted Pupils, Teachers
The Nigerian Army has revealed that the 44 pupils and teachers abducted by terrorists of Oriire Local Government Area (LGA) in Oyo State were rescued following a sustained intelligence-led joint security operation This is just as the Presidency and...
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After 57 Days, Kidnapped Oyo Children, Teachers Freed
Relief swept across the country yesterday as pupils and teachers abducted nearly two months ago from schools in Oriire Local Government Area of Oyo State regained their freedom following an intensive intelligence-led joint security operation that led...
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Tinubu Seeks Senate’s Backing for Fresh Criminal Justice, Education Reforms
asked Senate to commence legislative action on two key executive bills aimed at overhauling Nigeria’s criminal justice system and strengthening the administration of public senior secondary education. The requests were conveyed in separate letters...
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Crude Oil Price Jumps 8% After Trump Declares Us-iran Ceasefire Over
Crude Oil prices jumped over 8 percent yesterday, hitting over a two-week high, after U.S. President Donald Trump declared that the Memorandum of Understanding (MOU) signed with Iran to end the Gulf conflict was over. Trump warned Iran that the US...
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Lokpobiri Summons Oil Industry Stakeholders, Insists on Fair Petrol Pricing
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, yesterday convened an emergency meeting of Nigeria’s key oil refiner, petroleum marketers, regulators and competition authorities over the persistent high price of petrol,...
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Atiku Asks EFCC, ICPC to Probe IMF'S Claim of Nigeria Spending N8.8tn Off-budget
The former Vice President and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has raised the alarm over an alleged unrecorded N8.8trillion public expenditures, and called on the Economic and Financial Crimes Commission...
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GHL Floors First Bank as Supreme Court Orders Handover of FPSO to Oil Company
In a landmark judgment that reshapes one of Nigeria's most closely watched oil industry disputes, the Supreme Court yesterday ordered the immediate handover of the crude oil aboard the FPSO Tamara Tokoni to General Hydrocarbons Limited (GHL),...
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State Police: All 36 States in Full Support and Will Give It Speedy Approval, Says Oyebanji
Governor Biodun Oyebanji of Ekiti State on Wednesday gave an assurance that all the 36 state governors were fully behind the creation of state police and would do their absolute best to bring it to fruition. Speaking with newsmen after presenting his...
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APC: Some Initial Primary Winners Now Altered After Appeal, Review by NWC
The leadership of the ruling All Progressives Congress (APC), yesterday, said after reviewing the report of its appeal committee, which looked into the numerous petitions that trailed the party’s primary elections nationwide, the chances of several...
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US: We Recovered the Biggest Haul of Terrorists’ Equipment in Nigeria Since 9-11
The United States has disclosed that the cache of seized materials from terrorists during its recent raid in Nigeria was the largest haul of enemy electronic equipment recovered since the September 11, 2001 terrorist attacks.
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Crude Slump: Nigerians Await Dangote, NNPC, Marketers’ Price Cut as Analysts Explain Delay
Nigerians have continued to mount pressure on the Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers to reduce petrol pump prices below N1,000 per litre, raising questions about the current rates of between...
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Oyedele: Nigeria Still Not Getting Enough Revenue from Tax
Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday lamented the country’s inability to generate adequate revenue from taxation despite ongoing reforms, stressing that a significant number of eligible
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MASTERCARD VISITS CBN...
L-R: Senior Vice President and Country Manager, West Africa, Mastercard, Folasade Femi-lawal; Global Chief Executive Officer, Mastercard, Mr. Michael Miebach; Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso; Deputy Governor (Operations),...
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Obi: Tinubu Should Follow Starmer’s Example, Resign Presidency: Your Call Childish, Misplaced, Undemocratic
Former Governor of Anambra state and Nigeria Democratic Congress (NDC) presidential candidate in the 2027 election, Peter Obi, yesterday urged President Bola Tinubu to take a cue from British Prime Minister, Keir Starmer, and step down from office,...
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Tinubu: Oyebanji’s Re-election Clearvote of Confidence in Continuity, Stability, Devt
in Abuja, in Gombe, in Ado Ekiti and in Katsina President Bola Tinubu, yesterday, rejoiced with Governor Biodun Oyebanji on his victory in Saturday's Ekiti State gubernatorial election, saying his reelection was a clear vote of confidence in...
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Anxiety over Political Parties' Non-release of Candidates' Lists for 2027 Elections
Several weeks after the All Progressives Congress (APC), Peoples Democratic Party (PDP), African Democratic Congress (ADC), Nigeria Democratic Congress (NDC), and the Labour Party (LP) concluded their primary elections, the parties have yet to publish...
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FG Releases Transition Guidelines for 2025 Tax Acts... NEC Approves N83.2 Billion to Mitigate Flooding and Climate-related Emergencies
in Abuja National Economic Council (NEC), at its monthly meeting yesterday in Abuja, approved N83.2 billion for Anticipatory Action Task Force (AATF) interventions aimed at mitigating the effect of anticipated flooding and other climate-related...
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UK Court Clears Ex-minister, AlisonMadueke, of All Graft Charges
Nigeria’s former Minister of Petroleum, Diezani Alison-madueke, was yesterday found ‘not guilty’ of the six bribery charges brought against her by the UK’S National Crime Agency in 2023, effectively closing an investigation that began over a decade...
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LAUNCH OF SMDF EARLY-STAGE MINERAL EXPLORATION AND RESEARCH GRANT...
L–R: The Executive Secretary, Solid Minerals Development Fund (SMDF), Hajiya Fatima Umaru Shinkafi; Chairman, Senate Committee on Solid Minerals, Sen. Ekong Sampson; Minister of Solid Minerals Development, Dele Alake and Chairman, House Committee on...
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Trump, Pakistan Contradict Tehran, Say US, Israel, Iran Peace Deal to Be Signed Today
United States President, Mr. Donald Trump, has declared that a preliminary agreement aimed at ending the ongoing conflict involving the United States, Israel, and Iran is expected to be signed today. Pakistan’s Prime Minister, Shehbaz Sharif, whose...
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Democracy Day: Leaders, CSOS Warn of Democratic Backslide, Demand Reforms
As Nigeria yesterday marked 27 years of uninterrupted democratic rule, eminent Nigerians, political leaders, traditional rulers, civil society organisations and governance advocates have warned that rising insecurity, poverty, corruption and weakening...
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