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The three publicly traded entities owned by Aliko Dangote grew their combined net profit by 52.3 percent during the first quarter of 2026. Financial statements submitted to the Nigerian Exchange Group show that Dangote Cement, Dangote Sugar Refinery, and NASCON Allied Industries generated N161.43 billion in profit after tax. This corporate surge follows a combined…
Elon Musk’s rocket and satellite firm, SpaceX, is seeking a market valuation of nearly $1.77 trillion in its upcoming public debut. According to regulatory disclosures filed on Wednesday, the company plans to offer 555.6 million shares priced at a fixed $135 each. The corporate move aims to generate approximately $75 billion in fresh capital, representing…
United States President Donald Trump has announced his intention to decouple the conflict in Lebanon from ongoing broader peace negotiations with Iran. Speaking to reporters at the Oval Office, Trump stated that the two conflicts are fundamentally different and should be managed under separate diplomatic tracks. The administration aims to isolate regional proxy skirmishes to…
The Nigerian Senate has rejected a legislative motion seeking a comprehensive probe into national military spending and defense procurement. Lawmakers defeated the proposed investigation during a tense plenary session following strong pushback from the chamber’s leadership. The upper house argued that exposing detailed defense expenditure during active operations could compromise national security and weaken troop…
The Nigeria Labour Congress has declared absolute solidarity with the ongoing nationwide strike action organized by the Nigeria Union of Teachers. Labour President Joe Ajaero issued a stern warning to the federal and state governments regarding the unchecked expansion of the domestic kidnapping industry. The central union described the academic shutdown as a vital and…
Legendary American singer, songwriter, and balladeer Peabo Bryson has died at the age of 75. His family announced that the two-time Grammy Award winner passed away peacefully in Marietta, Georgia, following a recent stroke. Bryson earned global acclaim as one of the definitive voices of contemporary R&B and soul music across a career spanning more…
The Nigerian naira lost its recent momentum on the parallel market, dipping to N1,398 against the United States dollar. Bureau de Change operators across major street markets reported the slide following a fresh surge in corporate and retail foreign exchange demand. The minor depreciation halts a brief period of appreciation that had pulled the local…
Armed hoodlums have attacked the Nigeria Immigration Service passport front office in Ogbomoso, Oyo State, escaping with an operational rifle and personal valuables. The assailants breached the facility at approximately 10:00 p.m. on Tuesday night during a period of low administrative activity. The gunmen overpowered the personnel deployed to secure the facility before ransacking the…
The Nigeria Police Force has opened an investigation into allegations of unauthorised access and leakage of classified voter information from the Independent National Electoral Commission database resulting in the arrest of an INEC electoral officer and the questioning of Lere Olayinka the media aide to the Minister of the Federal Capital Territory Nyesom Wike….
Fresh figures from the National Bureau of Statistics show that Nigeria attracted 10.37 billion dollars in capital importation during the first quarter of 2026. This marks an 83.83 per cent rise from the 5.64 billion dollars recorded in the same period of 2025 and a 60.97 per cent increase from the 6.44 billion dollars…
