Nigeria LNG Limited (NLNG) says it has generated more than $149.6bn in revenue since commencing operations, paid over $47.2bn in dividends to shareholders and remitted more than $10.8bn in taxes to the Federal Government since becoming tax compliant. The company’s Managing Director and Chief Executive Officer, Adeleye Falade, disclosed this during the presentation of NLNG’s...
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The Federal Government says it has invested more than ₦1tn in Nigeria’s tertiary education sector over the past two years, describing the intervention as one of the largest investments in the country’s higher education history aimed at expanding access and improving learning outcomes. The Minister of Education, Dr Maruf Tunji Alausa, disclosed this while addressing...
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Confidential Shell documents disclosed in a United Kingdom court case have revealed ageing pipelines, hundreds of unaccounted-for oil wells and an estimated $10.9bn decommissioning liability, intensifying scrutiny of the company’s environmental legacy in Nigeria’s Niger Delta. The disclosures are contained in Nigeria: Lifting the Lid, a report published by Amnesty International and seven environmental and...
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A serving Nigerian Army colonel, Abdussalam Ude, was shot dead after allegedly resisting an attempt by armed men to abduct him at his residence in the Kurudu area on the outskirts of Abuja. The attack, which occurred on Monday evening, also left the officer’s wife, his driver and a security guard with gunshot injuries. According...
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FCMB Group Plc has reported a 99 per cent year-on-year increase in profit before tax for the first half of 2026, with earnings rising to ₦157.3bn from ₦79.1bn in the corresponding period of 2025, extending the strong performance recorded in the previous financial year. The unaudited results released on the Nigerian Exchange showed profit growth...
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The Northern Senators Forum has condemned the recent killings in Benue and Kaduna states, describing the attacks as tragic while endorsing the Federal Government’s plan to expand the Nigerian Army to strengthen the country’s security architecture. In a condolence message issued on Wednesday in Abuja, the forum’s Chairman, Senator Abdulaziz Yar’Adua, expressed sympathy with the...
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The Federal Competition and Consumer Protection Commission has identified technology infrastructure, regulatory compliance and consumer protection as key factors driving the growth and credibility of Nigeria’s digital betting industry. The commission stated this while monitoring the presentation of a ₦150m luxury house to the winner of iLOTBet’s 2026 FIFA World Cup promotion, describing regulatory oversight...
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The National Assembly Service Commission has confirmed the appointment of Ibrahim Sidi as the substantive Clerk of the House of Representatives. The confirmation was approved alongside the appointments of five other senior officers during the 31st meeting of the Commission’s sixth board held on Tuesday at the NASC Conference Room in Abuja. In a statement,...
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The Federal Government exceeded its 2024 borrowing target by N4.79tn after a wider-than-expected fiscal deficit forced it to raise substantially more debt than originally planned, according to the latest Budget Office of the Federation report. The Fourth Quarter and Consolidated Budget Implementation Report for 2024 showed that the Federal Government borrowed N12.62tn during the year,...
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The Federal Government has demanded justice for Nigerians killed in xenophobic attacks in South Africa and called for adequate compensation for victims whose businesses were destroyed, properties looted and livelihoods disrupted. The government also maintained that while diplomacy remained its preferred approach to resolving the issue, “all options” remained open in responding to the recurring...
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