Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested eleven suspected illegal miners for engaging in mining activities without requisite licences. They were arrested on Thursday July 24, 2025, at Emem-Asuk community, Eastern Obolo Local Government Area of Akwa Ibom State. The suspects are seven Chinese identified as:…
The Economic and Financial Crimes Commission, EFCC, views with great concern a rising fraudulent scheme newly perfected by fraudsters to defraud Nigerians of their hard-earned money and considers it imperative to alert Nigerians to be wary of ubiquitous foreign airlines’ ticketing discount promos. The scheme involves the use of malware to gain unauthorized access to…
Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025. He is relinquishing his position as chairman and retiring from the board so as to focus more attention on the Refinery, Petrochemicals, Fertiliser and Government Relations,…
Stanbic IBTC Bank, a member of Standard Bank Group, has once again reinforced its leadership in Nigeria’s financial services sector with two prestigious wins at the Euromoney Awards 2025 for Excellence . The Bank was named Nigeria’s Best Bank for Securities Services and Nigeria’s Best Bank for SMEs, reflecting its commitment to delivering exceptional financial solutions and empowering business…
Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by the President/Chief Executive, Dangote Industries Limited, Aliko Dangote, during the ongoing West African Refined Fuel Conference held in Abuja.…
The Joint Admissions and Matriculation Board (JAMB) has approved 150 as the minimum cut-off mark for admission into Nigerian Universities for the 2025/2026 academic session. The decision was reached on Tuesday during the JAB 2025 Policy Meeting on Admissions, held at the Bola Ahmed Tinubu International Conference Centre in Abuja. The meeting was attended by…
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted cocaine consignments concealed in lipsticks and property title documents going to the United Kingdom and Saudi Arabia respectively. The illicit drug consignments were recovered from cargos being prepared for shipment at a courier company in Lagos on Thursday 3rd July 2025 by NDLEA officers…
Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial Derivatives Company (FDC) Limited think tank. In its recently published Lagos Business School (LBS) Executive Breakfast Presentation for July, the think tank noted that Dangote Refinery has become the key mechanism for reducing petrol prices…
Alimosho, the nation’s largest voting constituency, erupted in a spontaneous fun-fair on Wednesday, as a large crowd of residents joined Governor Babajide Sanwo-Olu to inaugurate infrastructure projects in the densely populated Lagos suburb. Sanwo-Olu commissioned the newly rehabilitated and upgraded 3.86km Abaranje Road in Igando-Ikotun Local Council Development Area (LCDA), bringing the much-anticipated traffic relief…
Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs.…