Category: Business

By Aishatu Yakubu, Abuja Shareholders of Guaranty Trust Holding Company Plc (GTCO) have lauded the company’s management for declaring a record dividend of N12.76 per share for the 2025 financial year the highest payout in Nigeria’s banking sector. The commendation came at the company’s 5th Annual General Meeting (AGM), where investors also praised GTCO’s robust financial performance and its compliance... Read more

By Zainab Lawal, Abuja The United Arab Emirates has announced plans to withdraw from the Organization of the Petroleum Exporting Countries and the OPEC+ alliance effective May 1, 2026, marking a significant shift in its energy policy. The decision, disclosed in an official statement on Tuesday, followed what the country described as a comprehensive review of its oil production strategy... Read more

By Grace Daniel, Jos Academic and non-academic staff in seven Plateau State-owned tertiary institutions have commenced a three-day warning strike over unresolved salary issues. Chairman of the Joint Union, Cirfat Yaknan, said the action followed the government’s failure to implement agreed salary adjustments. “If nothing is done… we will proceed on an indefinite strike,” he warned.The union rejected a ₦100... Read more

By Ibrahim Yusuf, Abuja The National Cashew Association of Nigeria (NCAN) has warned that a proposed ban on raw cashew exports could trigger massive job losses across the country. NCAN President, Dr. Joseph Ajanaku, described the move as premature and harmful to farmers.“The ban will throw over five million Nigerians out of jobs,” he said. He argued that Nigeria lacks... Read more

By Kemi Adeyemi Nigeria’s April 2026 bond auction recorded strong investor interest, with subscriptions exceeding the offer by 35.4 percent, according to the Debt Management Office (DMO). Investors bid ₦948.01 billion against an offer of ₦700 billion, though actual allotments dropped to ₦276.79 billion.The 10-year bond attracted the highest demand, accounting for the bulk of subscriptions and allocations. Market analysts... Read more

By Musa Abdullahi, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it achieved oil trading volumes of 1.71 million barrels per day over the past year, its highest in five years. Group Chief Executive Officer, Engr. Bayo Ojulari, disclosed this in a one-year performance report. He also revealed that NNPC Exploration and Production Limited hit a peak production... Read more

By Amina Bello Chairman of Nigeria’s National Malaria Elimination Council and United Nations Malaria Ambassador, Aliko Dangote, has called for urgent collaboration between governments and the private sector to eradicate malaria, describing the current moment as critical. Speaking to mark World Malaria Day 2026, Dangote said despite progress, the disease still disproportionately affects sub-Saharan Africa, which carries over 90 percent... Read more

By Vincent Ekpo The naira strengthened to N1,380 per dollar in the parallel market on Friday, improving from N1,390 per dollar recorded on Thursday. In contrast, the local currency weakened in the Nigerian Foreign Exchange Market (NFEM), closing at N1,358.66 per dollar. Data from the Central Bank of Nigeria showed that the indicative exchange rate rose from N1,354.20 per dollar... Read more

By Kingsley Amen ABUJA — Fresh fears have gripped Nigeria’s aviation sector as negotiations between the Federal Government, airline operators, and fuel marketers over the escalating cost of aviation fuel ended without a resolution, raising the spectre of flight disruptions and higher ticket fares. The 48-hour talks, which concluded on Thursday, failed to break the deadlock despite a 30 per... Read more