OPay is reportedly preparing for a potential U.S. initial public offering, working with major global banks including Citigroup, Deutsche Bank, and JPMorgan Chase. According to sources cited by Bloomberg, the listing could take place later this year, with an estimated valuation of around $4 billion; though key details remain fluid and subject to change. At…
By: Olayinka Ganiyu Two chieftains of the All Progressives Congress (APC) in Oyo State, Akeem Adetoyese and Mogaji Abiola Oyeyemi, have criticised the nomination of Mr. Joseph Tegbe as the state’s ministerial representative, describing it as unfair to loyal party members who supported President Bola Ahmed Tinubu’s electoral success. In a statement released on Thursday,…
By: Olayinka Ganiyu Armed bandits on Thursday attacked the Sabon Gari (Yilpo) community in Mangu Local Government Area of Plateau State, killing one youth miner, injuring two others, and abducting another. A youth leader in the community, Nandom Ishaku, who confirmed the incident on Friday, said a group of young miners were returning to the…
By: Bimbola Hassan MTN Nigeria shareholders have approved a major restructuring that will see the company divest a controlling stake in its fintech subsidiaries, marking a significant shift in Nigeria’s telecoms and digital finance landscape. At a meeting held on April 30, 2026, investors endorsed the move through a formal resolution backing a “structural separation”…
Seplat Energy Plc reported strong first-quarter results for the period ending March 31, posting revenue of $840.7 million and a profit after tax of $37.9 million. By: Bimbola Hassan Seplat Energy Plc reported strong first-quarter results for the period ending March 31, posting revenue of $840.7 million and a profit after tax of $37.9 million….
Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the Federal Executive Council’s (FEC) approval of a comprehensive settlement resolving a 20-year dispute with Bi-Courtney Aviation Services Limited over Murtala Muhammed Airport Terminal 2 (MM2) in Lagos. By: Author Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the Federal Executive Council’s (FEC)…
By: Olayinka Ganiyu Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has announced that the Federal Executive Council (FEC) has approved contracts for three major rail projects aimed at strengthening infrastructure and driving economic growth in key cities. Speaking to State House correspondents after the council meeting, Oyedele explained that the…
By: Olayinka Ganiyu The Supreme Court of Nigeria on Thursday invalidated the Peoples Democratic Party’s national convention held in Ibadan, Oyo State, in November 2025, rejecting all appeals by the faction led by Tanimu Turaki that sought to legitimise the exercise. In a split 3–2 decision, a five-member panel of the apex court, led by…
By: Olayinka Ganiyu President Bola Tinubu on Thursday administered the oath of office to four newly appointed Permanent Secretaries and a National Commissioner of the Independent National Electoral Commission (INEC) at the State House in Abuja. The short ceremony was held just before the Federal Executive Council (FEC) meeting commenced. All appointees were sworn in…
By Yetunde Ayedogbon President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Nigeria’s new Minister of Power, pending confirmation by the Senate.The nomination, which has been formally transmitted to the Senate in line with constitutional requirements, follows the resignation of former minister Adebayo Adelabu, who stepped down to pursue elective office.Tegbe, an indigene of…
