The Federal College of Agriculture, Akure, Ondo State, has denied reports claiming that the Supreme Court has ruled in favour of the Ogunmokun Family in a land dispute involving the institution. Reacting to media reports suggesting that the apex court ordered the family to take over part of the college’s land, the provost, Dr. Albert…
Joseph Tegbe, Director General of the Nigeria-China Strategic Partnership (NCSP), has announced that Nigeria has secured over $20 billion in investment pledges from China, targeted at revitalising critical sectors of the Nigerian economy. According to Tegbe, the funding will be directed toward key industries, including agriculture, automotive manufacturing, steel, energy, and mining. He noted that…
The Dangote Petroleum Refinery and Petrochemicals has uncovered a new fraudulent scheme involving some of its affiliate marketers and strategic partners, who were found to be diverting subsidised refined products for personal gain. This discovery has led to the suspension of the refinery’s discounted fuel supply program. An internal investigation revealed that several marketers granted…
Guaranty Trust Holding Company (GTCO) has made history as the first publicly listed financial institution in Nigeria to surpass the ₦100 per share milestone on the Nigerian Exchange Limited (NGX). On Wednesday, GTCO’s stock closed at ₦101.00 per share, marking a 7.62% increase from its opening price of ₦93.85. This surge reflects growing investor confidence,…
A massive off-market block trade involving 10.47 billion units of First Holdco Plc shares, valued at N324.47 billion, was executed on the Nigerian Exchange Limited (NGX) yesterday. The landmark transaction is tied to billionaire investor Mr. Femi Otedola, who increased his stake in the company from 15% to approximately 40%, effectively gaining control of Nigeria’s…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has promised to end Nigeria’s dependence on imported fish by boosting local production. The minister made the promise at a high-level consultative meeting with fisheries cooperative groups yesterday in Abuja. He outlined his ministry’s bold vision of transforming the nation’s aquaculture sector into a powerhouse of…
The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s headline inflation rate, which fell to 22.22% in June 2025, down from 22.97% recorded in May. However, the report also highlighted a 1.07% increase in food costs during the same period. Details of the development were contained in the Bureau’s June 2025 Consumer…
Nigeria’s average daily crude oil production in June 2025 surpassed the quota set by the Organisation of the Petroleum Exporting Countries (OPEC), marking the second time this year the country has exceeded its assigned limit of 1.5 million barrels per day, first in January and now in June. Data from the Nigerian Upstream Petroleum Regulatory…
Some of the world’s most powerful leaders are set to convene in New Delhi for the G20 Summit this weekend to discuss key issues, including geopolitical tensions, economic slowdowns, and rising food and energy prices. However, several prominent leaders will be absent from the gathering: Their absence marks a significant moment at this crucial global…
Chinese President Xi Jinping met with Russian Foreign Minister Sergey Lavrov in Beijing on Monday, reaffirming the deepening strategic partnership between China and Russia amid shifting global power dynamics. The meeting, held at the Great Hall of the People, underscored the two nations’ shared commitment to a multipolar world order and closer diplomatic coordination. It…
