Author: Festus Adeloye

Dangote Petroleum Refinery has formally executed agreements for its landmark Initial Public Offering (IPO), introducing a first-in-Nigeria subscription model that will allow retail investors to acquire shares in the mega-refinery for as little as ₦5,250. The signing ceremony marks the official countdown to what is expected to be the largest equity offer in the history of the Nigerian capital market. Under the transaction structure, Dangote Refinery is offering 4.1 billion ordinary shares to the public at ₦525 per share, seeking to raise approximately ₦2.157 trillion, or about $1.6 billion, to fund growth capital expenditure and support its continued operational expansion.…

The All Progressives Congress (APC) and Peoples Democratic Party (PDP) have filed petitions before the Osun Governorship Election Petitions Tribunal challenging the re-election of Gov. Ademola Adeleke. The News Agency of Nigeria (NAN) reports that the petitions were pasted on the notice board of the tribunal’s secretariat in Osogbo on Monday. NAN also reports that the petitions marked the formal commencement of the legal process arising from the Aug. 15 governorship election which saw Adeleke emerging as the winner. Secretary to the tribunal, Mr Pete Belemore, confirmed to NAN that petitions challenging the outcome of the election had been filed before the…

The Special Adviser on Media and Publicity to the Lagos State Governor, Gboyega Akosile, has berated content creator Solomon Buchi over his recent comments advising foreigners against visiting Lagos if they want to experience Nigeria in its truest form. ‎Akosile, in a statement responding to the video on X.com on Friday, accused Buchi of displaying bitterness towards Lagos rather than using the opportunity to market other parts of the country. ‎He said the clubbing and cosmetic surgery culture that the content creator had derided were among the reasons Lagos nightlife remained attractive to visitors. ‎“Dear Solomon, you could have done…

Global ride-hailing company Uber has officially wound down its ride-hailing operations in Nigeria, ending a 12-year presence in the country. The company’s exit took effect on Wednesday, September 2, 2026. Uber entered the Nigerian market in 2014, initially launching in Lagos before expanding its services to other major cities, including Abuja. Its departure marks the end of an era for one of the platforms that helped transform urban transportation in Nigeria, introducing app-based ride booking, cashless payments and new earning opportunities for drivers. The exit also comes amid mounting challenges in Nigeria’s ride-hailing sector, including rising vehicle maintenance and fuel…

President Bola Ahmed Tinubu has commenced a three-week vacation in Europe, with his first stop in London, the United Kingdom. The President’s departure was disclosed on Sunday by his Special Adviser on Information and Strategy, Bayo Onanuga, who said Tinubu would spend the period on his annual leave before returning to Nigeria. “President Bola Ahmed Tinubu will depart Abuja today for Europe to begin a three-week vacation as part of his annual leave.” “His first stop will be London, United Kingdom.” Onanuga said the President’s return would coincide with preparations for the January 2027 election, as Tinubu is expected to…

President Bola Ahmed Tinubu has mourned the death of journalist and publisher of The Eagle Online, Dotun Oladipo, describing his passing as a painful loss to Nigeria’s media industry and the country. The President’s condolence was contained in a statement issued on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga. Oladipo, a former Political Editor of PUNCH Newspapers, died on Tuesday at the age of 56. Tinubu acknowledged Oladipo’s contributions to political journalism and digital media, particularly his years of reporting and his efforts to provide Nigerians with credible information through traditional and online platforms. The President…

President Bola Tinubu has approved a fresh funding arrangement for the Nigerian Education Loan Fund (NELFUND), directing that liquid cash recovered by the Economic and Financial Crimes Commission (EFCC), as well as certain unclaimed dividends, be channelled into the student loan scheme. The Minister of Education, Tunji Alausa, disclosed this on Wednesday while briefing State House Correspondents following the Federal Executive Council (FEC) meeting in Abuja. According to him, the council approved the presidential directive as part of measures to strengthen NELFUND’s financial capacity and enable it to cope with its expanding obligations to Nigerian students. Alausa said the arrangement…

President Bola Tinubu will address world leaders at the 81st session of the United Nations General Assembly (UNGA 81) in New York on Wednesday, September 23. Tinubu is scheduled to speak as the 10th speaker during the morning session on the second day of the high-level General Debate, which will run from September 22 to 28 at the UN headquarters. A provisional list of speakers obtained by the newsmen indicates that the President is expected to deliver his address between 11:30am and noon New York time, or 4:30pm Nigerian time. He will join representatives of the 193 UN member states,…

The Speaker of the Edo State House of Assembly, Blessing Agbebaku, has resigned from office, throwing the state legislature into fresh political uncertainty. Agbebaku  tendered his resignation early Monday morning after receiving information that 18 of the 24 lawmakers had signed a notice seeking his impeachment as of Sunday night. A two-thirds majority, equivalent to 16 lawmakers, is required to remove the Speaker from office. Agbebaku’s resignation was confirmed by his media aide, Ivy Ebojele, who said further details surrounding the development would be made public later. Following his exit, Yekini Idiaye, the lawmaker representing Akoko-Edo Constituency I and a…

Former Vice President Atiku Abubakar has filed a suit challenging President Bola Tinubu’s eligibility to contest the 2027 presidential poll. Atiku, who is the 2027 presidential candidate of the African Democratic Congress (ADC), according to a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, deposed to an affidavit in support of the suit at the Federal High Court, Abuja, on Friday. The statement noted that joined in the suit are the Independent National Electoral Commission (INEC) and the All Progressives Congress ( APC). According to the statement, the former Vice President wants the court to determine whether…