The arraignment of a bank and four other defendants in an alleged N4.29 billion forex fraud case was stalled in Lagos after the defendants failed to appear in court. They are accused of conspiring to sell foreign exchange above Central Bank of Nigeria stipulated rates.

NNPC Ltd recorded a significant profit of N481 billion in April, driven by a substantial surge in revenue. The company's total earnings for the month reached N4.97 trillion.

Sokoto State Governor Ahmed Aliyu has gifted N450,000 (1,000 Saudi Riyals) each to 2,410 Sokoto pilgrims for their 2026 Hajj expenses and return journey.

Afentra has been granted the operational rights for the KON4 oil block located in Angola's Kwanza basin, marking a new development in the region's energy sector.

Fidelity Bank reported a 38% increase in its first-quarter revenue, reaching N434.9 billion, primarily due to a significant rise in interest earned from loans, treasury bills, and other investment securities.

Sterling Financial Holdings reported a significant increase in its annual profit, reaching N76.3 billion after tax, a 75% rise from the previous year's N43.7 billion.

The Lagos State government has disbursed N1.9 billion to Micro, Small, and Medium Enterprises (MSMEs) to support small businesses. Additionally, Lagos is preparing to host "Invest in Lagos 3.0," an event aimed at attracting N4 trillion in investment inflows.

Guinness Nigeria Plc reported a N41 billion profit, emphasizing its commitment to sustainable growth, operational efficiency, and corporate transparency.

The Esther Matthew Tonlagha Foundation has empowered 41 graduates in Delta through its skill acquisition program, providing N1 million grants and essential tools to foster self-reliance.

Enugu State in Nigeria has allocated N439 million for child nutrition and health interventions in 2025, with N160 million specifically for the Child Nutrition Fund to procure essential commodities.

A faction of the PDP party, backed by Makinde, has released its election timetable and set the cost for presidential nomination and expression of interest forms at a total of N40 million.

An international study led by the University of Barcelona and the University of Oxford has identified the crucial role of the Ten4 protein in neuronal migration, shedding light on a key molecular mechanism.

Governor Peter Ndubuisi Mbah is highlighted for his intentional leadership, which has reportedly led to a substantial increase in Enugu's Internally Generated Revenue (IGR) from N26bn to N407bn.

Afriland Properties Plc announced an 8% rise in revenue to N4.07bn for 2025, alongside a 33% growth in total assets and a N329.7m dividend payout.

The Universal Basic Education Commission (UBEC) in Nigeria has unveiled its 2025 cycle of the School-Based Management Committee–School Improvement Programme, introduced a new Learners’ Retention Programme, and released N434.5m in funding.

The N68.32 trillion budget for 2026 earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. The post Tinubu signs N68 trillion 2026 budget into law appeared first on…

The Nigerian Federal Government incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025, according to data from the Nigerian Electricity Regulatory Commission. This highlights significant government spending in the power sector.

The Kano State government has paid N32 billion in gratuity and death benefits over three years, addressing an inherited N48 billion backlog. This marks the sixth tranche of payments.

Pastor Tunde Bakare announced that his church has fully repaid the N4bn Wema Bank loan, which was used for the construction of its Citadel edifice in Lagos.

The Nigeria Sovereign Investment Authority (NSIA) has reported a growth in its net assets to N4.88 trillion in 2025, driven by a disciplined investment strategy and portfolio management, despite experiencing foreign exchange losses.

Nigerian banks have successfully attracted N4.61 trillion in new capital as part of the Central Bank of Nigeria's recapitalization program, aimed at strengthening the country's financial sector.

The Court of Appeal has nullified a high court judgment in Nasir El-Rufai’s rights suit concerning a N400bn probe, ordering a fresh trial due to a breach of fair hearing.

FCMB Group Plc has successfully completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, raising over N400 billion and securing its international banking license after obtaining all necessary regulatory approvals.

A man (20s) has died after a single vehicle road crash in Co.Westmeath in the early hours of this morning.

The Nigerian Federal Government has approved N4 billion in take-off grants for two new institutions, Tinubu Polytechnic and Epe University, to expand access to higher education.

By virtue of its two wins last week, the Louisville men’s basketball team has climbed back into this week’s Associated Press Top 25 poll at No. 24. The Cards will enter the postseason having been ranked in every week but one this season. Here’s the full poll: 1. Duke2. Arizona3. Michigan4. Florida5. Houston6. UConn7. Iowa State8. Michigan […]

Veteran actor Pete Edochie laments Nigeria’s electricity crisis, revealing he spends ₦40,000 daily just to power his home.

The Nigerian government has approved a N48 billion fund for engineering upgrades across 12 universities, aiming to enhance practical skills and improve graduate employability.

Fortis Global Insurance recorded the highest volume with 146.62 million shares traded, accounting for 17.80 per cent of the day’s total volume. The post Bearish run deepens as investors lose N475bn on NGX appeared first on Premium Times Nigeria.

Seplat, which is listed in both Lagos and London, also announced a fourth-quarter dividend of US5 cents per share and a special dividend of US3.3 cents on Thursday. The post Seplat’s annual revenue leaps 150% to N4.1 trillion, but profit slightly grows appeared first on Premium Times Nigeria.

Nigeria’s National Revenue Service (NRS) unveils its 2026 revenue roadmap, targeting N40.7tn from taxes, oil, and mineral royalties amid ongoing reforms. Read More: https://punchng.com/nrs-unveils-20

Get your Nigerian news recap. Top stories include Tinubu’s new security appointment, Dangote’s 65m-litre petrol deal, and banks raising N4tn. Read More: https://punchng.com/morning-recap-tinubu-picks-disu-for-pre-2027-security-boost-dangote-signs-65m-litre-petrol-deal-banks-raise-n4tn-other-top-stories/

Nigeria's equities market experienced a significant decline, with market capitalization falling and investors losing N478 billion as the downward trend continued.

Nigeria’s gross oil revenue in the third quarter of 2025 fell sharply to N4.87 trillion, representing a shortfall of N7.88 trillion below budget expectations.

NEM Insurance Plc announced that it paid N41.46 billion in gross claims across various segments in 2025, demonstrating its strong claims-paying capacity.

Achievers University in Ondo State, Nigeria, was defrauded of N457 million in a large-scale tuition fraud scheme involving an ex-female worker and several students.

Sterling Financial Holdings has announced a significant milestone in Q1 2026, with its total assets surpassing N4 trillion, alongside robust profit growth and a strengthened capital position.

Kidnappers of Kwara ECWA members are now demanding N300 million, despite already receiving N20 million, five bags of rice, 120 liters of petrol, red oil, seasoning, and N40,000 worth of hard drugs.

The Debt Management Office (DMO) announced the listing of its 18.95 percent N47.36 billion Series III Sovereign Green Bond, due June 2030, on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited.

Nigeria's green bond borrowing has increased by N47 billion, indicating a strategic shift towards climate-linked financing for sustainable projects.

Access ARM Pensions has reported significant growth in its first full year post-merger, achieving N42.4 billion in revenue and declaring a N2 million dividend, with assets under management exceeding N4 trillion.

A Bauchi commissioner facing a N4.6 billion fraud charge has received court permission to travel to Saudi Arabia for the Hajj pilgrimage and medical surgery.

Nigerian police have recently conducted multiple operations, apprehending suspects involved in large-scale fraud and robbery syndicates, as well as individuals linked to cultism and illegal possession of firearms. These arrests, made across various states, led to the recovery of significant funds and weapons.

Access Holdings has announced a record N1 trillion Profit Before Tax (PBT) for 2025, highlighting strong financial results, a robust balance sheet, and a new strategic focus on value over scale.

The financial services group GTCO announced an increase in its interest income to N458 billion, though much of this growth was offset by a significant rise in income tax spending.

Telecommunication companies in Nigeria are calling for urgent regulatory intervention to safeguard N400 billion in market value.

Nigerian Breweries Plc announced a profit of N55.95 billion for the first quarter of 2026, alongside an 8% increase in revenue, which rose to N413.02 billion from N383.64 billion in Q1 2025.

Nigerian electricity distribution companies (DisCos) have installed over 130,000 new meters for customers, prioritizing Band A users, through the N49 billion Meter Acquisition Fund. This initiative aims to improve metering infrastructure and reduce estimated billing.

Nigeria's Central Bank is implementing stricter financial policies to combat inflation, leading to an interbank deficit of N4.1 trillion and impacting local banks.

A Chinese quarry company has paid N4.3 million in compensation to the family of a boy who was killed during its operations, with N4 million going to the parents and N300,000 to the local kingdom.

The Universal Basic Education Commission (UBEC) has released N44.24 billion in matching grants to 11 states, including Kaduna and Ondo, to support basic education infrastructure projects.

Delta State police in Nigeria have arrested a man for allegedly purchasing a prohibited Beretta pistol for N450,000 via Snapchat, claiming it was for self-protection.

Automaker Kia has announced a substantial capital expenditure plan of 49 trillion Korean Won by 2030, focusing on expanding its electric vehicle production, software development, and robotics initiatives.

Nigeria's oil royalties increased by 87.6% to N471.27bn in February, a surge attributed to a new executive order that centralizes revenue collection.

The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalization program, with 33 deposit money banks raising N4.65 trillion to expand lending and support economic growth.

Nigerian banks are facing a looming deadline for N4.6 trillion recapitalization, which has ignited a sectoral battle for funds, with calls to prioritize economic impact over capital adequacy.

Ondo State's OSOPADEC has begun distributing N400 million in relief aid to communities in Ilaje LGA, following an alleged attack by Nigerian Navy personnel.

A 27-year-old Nigerian student has been arrested in South Africa for allegedly possessing cocaine valued at over R600,000, equivalent to about N49 million.

By Jimitota Onoyume  Polobubo (Tsekelewu) and its bloc communities in Warri North Local government area of Delta state have kicked against  their alleged exclusion from recently approved infrastructure projects worth over ₦400 billion by the state government. A statement signed by the president Paul Toruwei and the Youth leader Comr. Markson Juwoiye Aboh, lauded  the  […] The post Polobubo communities protest alleged exclusion from N400bn Delta Infrastructure projects appeared first on Vangua...

The victim accused police officers of assaulting him and forcing a N444,000 transfer from his bank account after a checkpoint stop, triggering widespread outrage online. The post Man accuses police…

The Nigerian Senate is set to pass the N48.472 trillion 2026 Appropriation Bill on March 31 and confirm key appointments.

Flipperachi, the Bahraini rapper who gained popularity in India after his track FA9LA featured in the spy thriller Dhurandhar, will no longer be performing at the upcoming UN40 Music & Beyond Festival in India due to the ongoing situation in the Middle East.

The Court of Appeal held that that the evidence presented against the former Army general during trial before a court martial clearly established the alleged offences. The post Appeal Court upholds…

The veteran actor also spoke on national issues, including insecurity and ethnic mistrust, and urged leaders to adopt state policing and focus more on the welfare of ordinary Nigerians. The post I spend N40,000 daily on electricity,’ Pete Edochie laments Nigeria’s power crisis appeared first on Premium Times Nigeria.

The Nigerian government has approved N4 billion each for 12 universities to upgrade engineering workshops and procure modern equipment through TETFund.

The Lagos State government has clarified the N4.2 billion capital allocation for the deputy governor's office, contrasting it with a larger budget for community-based infrastructure projects.

Kaduna residents and Southern Kaduna youth leaders have protested and demanded a full probe into former governor Nasir El-Rufai's tenure over alleged mismanagement, insecurity, and a N432bn discrepancy, while an ADC chieftain claims his detention is political persecution.

The Joint Admissions and Matriculation Board (JAMB) has set a target of N23.8 billion as internally generated revenue (IGR) for the 2026 fiscal year, representing an increase of N4 billion over its 2025 projection. The post JAMB targets N23.8bn IGR in 2026, plans N6bn remittance to federation account appeared first on Vanguard News.

The CBN governor noted that the development is a result of increased confidence of investors in the Nigerian banking sector The post Nigerian banks raise N4.05 trillion ahead of capitalisation deadline appeared first on Premium Times Nigeria.

Silja-Madli Ossip, founder of the Women4Cyber network in Estonia, explains why the tech industry should more strongly integrate the female perspective, emphasizing the need for women to be more visible in cybersecurity.

Financial experts suggest that for women eligible for the 'Women40' program in Hungary, the best decision is to retire as soon as possible and continue working alongside it, based on financial logic.

Governor Dauda Lawal’s administration in Zamfara, Nigeria, is making significant strides against banditry, investing N40bn in advanced security hardware and logistics.

Achievers University in Owo, Ondo State, Nigeria, has uncovered a N457.5 million fraud involving an ex-staff member and students. The university is investigating the financial misconduct.

Former Formula 1 driver David Coulthard expressed being "speechless" after testing Formula E's Gen4 car in Monaco, describing its acceleration as unprecedented.

The Nigeria Deposit Insurance Corporation (NDIC) has filed a lawsuit against Wema Bank concerning N125 billion worth of Banana Island properties and a N401 million disputed payment, as part of efforts to recover assets from a defunct bank.

A new report on federal government spending reveals that Nigeria’s Presidential Air Fleet operations incurred costs of N4.24 billion between June and December 2025.

Femi Otedola, through his special purpose acquisition company Calvados Global Services Limited, acquired 549.5 million shares in First HoldCo for N43.4 billion, with each unit priced at N79.

Nigeria's energy adviser, Olu Verheijen, announced that the President's N4 trillion bond program is crucial for resurrecting the nation's power sector, which has faced severe financial and infrastructural challenges for over a decade.

Despite a significant security budget of N41.85 billion, Benue state government spent only 0.3% of it in the first quarter of 2026, amidst a rise in killings across the state.

The Montenegrin news portal IN4S has been sold to the Serbian tabloid "Alo," with Tamara Ćalasan, a long-time deputy editor and DNP councilor, announced as the new editor-in-chief.

A Federal Capital Territory High Court has dismissed a suit filed by FHT Mega Express Limited, a logistics firm, against Parallex Bank Limited concerning a N4.5 billion debt claim.

The all-electric Formula E championship is set to debut its fourth-generation car next season, which will be its most powerful machine yet, with details emerging on how it will maintain its key race assets.

Transcorp Power announced a N41.25 billion dividend for 2025, following a period of strong earnings and a commitment to enhancing shareholder value.

Formula E's Gen4 car is set to debut in 2026/27, promising a major leap in electric racing with features like 805 hp in Attack Mode, permanent all-wheel drive, and faster lap times.

Pensioners in Kaduna have expressed gratitude to Governor Sani for releasing N4.289 billion for the payment of gratuities, death benefits, and accrued rights.

Italy and Tunisia have joined forces to launch Biogen4Med, a new initiative aimed at fighting cancer through precision medicine.

Ogun State Governor announced that Olumo Rock's revenue dramatically increased from N3 million annually to N40 million monthly following its refurbishment.

Governor Sani of Kaduna State has approved N4.289 billion for state and local government pensioners, covering payments for 1,637 beneficiaries under contributory and defined benefit schemes.

The Nigerian Navy has intercepted two vessels and arrested 26 crew members, confiscating over 939 metric tonnes of stolen crude oil valued at more than N4 billion.

The Nigerian government has included N487 billion for new rail and highway projects in its 2026 budget, aiming to expand national transport and infrastructure networks.

A recent recapitalization exercise led by the Central Bank of Nigeria has seen 33 deposit money banks raise N44.65 trillion, significantly strengthening their financial positions and affirming the importance of robust banking institutions.

Katsina State’s Zakat and Waqf Board has distributed N4.7 billion in Zakat funds to over 250,000 vulnerable residents, aiming to alleviate poverty and provide support.

CBN begins regulation of virtual asset custodians as banks mobilise N4.65 trillion fresh capital  The Guardian Nigeria News

Nigerian banks have raised N4.61 trillion ahead of the March 31 deadline, while the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, continues to emphasize the need for African financial regulators to enhance cooperation in managing cross-border risks and ensuring stability.

Nigerian teenagers have shared their experiences of sexual exploitation in Mali, revealing how a trafficker demanded N4 million from one family as 'compensation' for the cost of trafficking her.

Transcorp Plc has reached a historic N4.87tn market capitalization after its best financial year, signaling potential record dividend payouts for its 311,000 shareholders.

Fatal incident occurred on N4 at Ballinafid, Co Westmeath

Senator Asuquo Ekpenyong has facilitated a N40 million grant for 400 small businesses in Cross River State, aiming to boost productivity and economic growth for his constituents.

The Bank of Industry and Plateau State partner on a N4bn fund for Plateau SME funding, aiming to boost local businesses, create jobs, and empower women & y Read More: https://punchng.com/boi-plateau-sign-n4bn-deal-to-fund-small-businesses/

Hospital management confirmed that the disconnection was triggered by an unpaid electricity bill of about N400 million, which formed part of an accumulated electricity debt estimated at N3.1 billion in 2019 The post Persistent blackout at UCH sparks outrage, raises concerns over Nigeria’s healthcare infrastructure appeared first on Premium Times Nigeria.

Revenue from Value Added Tax, VAT grew year-on-year (YoY) by 34 percent to N6.4 trillion in the first nine months of 2025 (9m’25) from N4.77 trillion in the corresponding period of 2026. The post VAT…

EBITDA margin, a profitability metric that measures a company’s core profit, stood at 46 per cent. The post Cement price hikes lift Dangote Cement’s annual profit twofold to N1 trillion appeared first on Premium Times Nigeria.

Lafarge Africa announced a significant increase in its annual profit, with profit before tax soaring by 170.1 percent to N411.3 billion and profit after tax climbing to N273.1 billion.

Nigeria's National Revenue Service (NRS) is targeting N40.7 trillion in taxes, petroleum royalties, and other mineral revenues for 2026, as the House of Representatives scrutinizes the 2026 revenue projections.

Women4Cyber Montenegro has partnered with the international platform Game Changer to organize a joint cybersecurity panel as part of the Game Changer conference in June.

The brewer has shifted its financial year-end to December from June, opting for an eighteen-month reporting period, which terminated last December to mark the start of that switch. The post Guinness Nigeria reports N41.2 billion profit as sales more than double appeared first on Premium Times Nigeria.