Daniel Otera

Atiku Dismisses Tinubu’s 10.9m APC Primary Votes as ‘Fabricated’

  Former Vice President Atiku Abubakar has dismissed the results of the All Progressives Congress (APC) presidential primary election, describing the 10.9 million votes credited to President Bola Tinubu as fabricated, even as he intensified his political comeback bid under a new platform. The APC, in results announced at the weekend, declared that Tinubu polled…

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World Bank Cancels $717.7m Power Sector Financing 

  The Federal Government has lost access to $717.7m in undisbursed World Bank financing originally earmarked to rescue Nigeria’s troubled electricity sector, following a joint decision by both parties to terminate the Power Sector Recovery Performance Based Operation. According to restructuring documents obtained from the World Bank, the cancellation was triggered by a formal request…

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US Disburses $187m Aid To Nigeria In 2026

  The United States has disbursed a total of $187,352,312 in foreign assistance to Nigeria in 2026, according to updated data published on the US Department of State website on May 20, 2026, under the “US Foreign Assistance” report. The latest figures position Nigeria as the second largest recipient of American assistance in sub-Saharan Africa…

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Trading Volume Slumps Nearly 50% On NGX

  Heavyweight sell offs in industrial and insurance counters pushed the Nigerian Exchange Limited deeper into negative territory last week, wiping billions of naira off investor portfolios and offsetting modest gains recorded across banking and oil equities, even as overall market turnover collapsed by nearly half. The benchmark NGX All Share Index closed the week…

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NNPC’s Five Point Defence Against Dangote Refinery

  The Nigerian National Petroleum Company Limited has urged the Federal High Court in Lagos to dismiss the Dangote Petroleum Refinery’s bid to halt fuel importation, warning that the refinery’s products are sold at “significantly high and fluctuating market prices” and that granting its requests could hand it monopoly control of Nigeria’s downstream petroleum sector….

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