Author: Adejuyigbe Adegoke

Dangote Cement Plc, Africa’s largest cement manufacturer and one of Nigeria’s most prominent listed companies, has announced a substantial increase in its dividend payout following a dramatic rise in profitability for the full year ended December 31, 2025. The company’s decision reflects stronger earnings performance, improved margins and confidence in future growth prospects. The company reported a twofold leap in net profit, crossing the N1 trillion mark for the first time in its history, and proposed a final dividend of N45.00 per share, representing a 50% increase from the previous year. This impressive growth underscores the company’s resilience and strategic…

The global oil market is on edge as escalating hostilities between the United States, Israel, and Iran have injected a significant geopolitical risk premium into crude prices. What began as regional tensions has intensified into coordinated military strikes and reciprocal threats, pushing traders to price in the possibility of supply disruptions from one of the world’s most oil-critical regions. Market Reaction: Volatility and Price Spikes In the immediate aftermath of U.S. and Israeli strikes on Iranian targets, global crude benchmarks have already climbed sharply: Brent crude and West Texas Intermediate (WTI), futures rose through the week as conflict fears intensified,…

In a development that signals renewed air connectivity between Nigeria and Saudi Arabia, Saudi Arabia’s national carrier, Saudi Airlines (Saudia), is set to restart direct flight operations between Jeddah and Abuja. This was confirmed by His Excellency, Yousef bin Mohammed Albalawi, the Saudi Arabian Ambassador to Nigeria, during diplomatic engagements in Abuja this week. Scheduled Resumption: Mid-2026 or Early 2027 Ambassador Albalawi revealed that the direct route is expected to resume as early as June 2026, with a possible latest commencement by January 2027. The exact date is yet to be announced by the airline and civil aviation authorities, but…

The Federal Government has taken a decisive step toward expanding financial inclusion and strengthening Nigeria’s credit ecosystem with the inauguration of the Board of the Nigerian Consumer Credit Corporation (CREDICORP). The ceremony, held in Abuja, signals a renewed push to democratise access to consumer credit as part of broader economic reforms aimed at transforming Nigeria into a one-trillion-dollar economy. Representing President Bola Ahmed Tinubu, Vice President, Kashim Shettima, described consumer credit as a vital instrument for economic growth, social mobility, and human dignity. He said the establishment of CREDICORP reflects the administration’s resolve to build a trusted and inclusive credit…

Every day on our roads tells a different story. From Lagos traffic to Abuja expressways, from Port Harcourt business routes to Kano trade corridors — your car is more than a vehicle. It is your livelihood, your convenience, your freedom. That’s why Flexi Motor Insurance by emPLE Group is built differently — for real Nigerian drivers, real Nigerian roads, and real Nigerian risks. emPLE Group is uniquely positioned to reshape how Nigerians experience protection — and Flexi Motor Insurance is the product that best demonstrates that potential. The Problem with Traditional Motor Insurance Most motor insurance products fall into two…

President Bola Ahmed Tinubu has approved the extension of the ban on the export of raw shea nuts for an additional year, from February 26, 2026, to February 25, 2027. The decision reaffirms the administration’s commitment to industrialisation, domestic value addition, and the broader economic transformation goals outlined in the Renewed Hope Agenda. Strengthening Nigeria’s Shea Value Chain The extension of the ban is aimed at accelerating the development of Nigeria’s shea industry by ensuring that more shea nuts are processed locally into higher-value products such as shea butter and its derivatives. Shea nuts are oil-rich fruits harvested from the…

Abuja, Nigeria — President Bola Ahmed Tinubu on Wednesday appealed to the leadership of the 10th Senate to initiate constitutional amendments that would provide a legal framework for the establishment of State Police across the federation. The President made the appeal during an interfaith breakfast with senators at the Presidential Villa in Abuja, where he underscored the urgent need to decentralise Nigeria’s policing structure in response to growing security challenges nationwide. Urgent Call for Constitutional Amendment President Tinubu stressed that the creation of State Police has become imperative to address evolving security threats, including terrorism, banditry, and insurgency. According to…

In a significant development for national security architecture, Tunji Disu has formally assumed office as Acting Inspector-General of Police (IGP), following his decoration by President Bola Ahmed Tinubu at the State House in Abuja. The ceremony, held on Wednesday, marked the beginning of a new chapter for the Nigeria Police Force, coming at a time when Nigeria faces persistent security challenges ranging from banditry to terrorism. Disu’s appointment follows the retirement of Kayode Egbetokun, pending ratification by the Nigeria Police Council and confirmation by the Senate. The council is scheduled to meet next week. A Charge to Restore Peace and…

On 24 February 2026, the Central Bank of Nigeria (CBN), announced a decision to reduce its benchmark interest rate, the Monetary Policy Rate (MPR), by 50 basis points from 27% to 26.5% at the conclusion of its 304th Monetary Policy Committee (MPC), meeting held in Abuja. The move marks a significant policy shift after a prolonged period of tight monetary conditions designed to tame inflation and stabilise the economy. What Happened at the 304th MPC Meeting? The MPC, comprising 11 members, convened to assess Nigeria’s macroeconomic environment, reviewing inflation trends, foreign exchange developments, banking sector stability, and other key indicators…

On Tuesday, February 24, 2026, President Bola Ahmed Tinubu, GCFR, formally accepted the resignation of Kayode Egbetokun as the Inspector-General of Police (IGP), and appointed Assistant Inspector-General of Police, Tunji Disu as the Acting Inspector-General of Police with immediate effect. What the Presidency Announced In a statement released by Bayo Onanuga, Special Adviser to the President on Information and Strategy, the presidency confirmed that Egbetokun submitted his letter of resignation to President Tinubu, citing “pressing family considerations” as the reason for his decision to step down. President Tinubu acknowledged Egbetokun’s decades of distinguished service to the Nigeria Police Force and…

Fishe Limited — Lagos, Nigeria — February 2026 — In today’s competitive market landscape, visibility and credibility are no longer optional — they are business imperatives. As Nigerian industries grow rapidly across tech, finance, retail, FMCG, entertainment, and public sector engagement, the need for an integrated communications partner has never been more critical. Enter Fishe Limited (operating through the Gofishe platform) — a dynamic media and communications agency based in Ikeja, Lagos. Unmatched Integrated Communications Expertise Fishe Limited is built on the foundation of holistic brand growth, combining traditional marketing wisdom with innovative digital strategies — essential for businesses navigating…

The Lagos State Government has commenced implementation of a new five per cent withholding tax (WHT), on gaming and betting winnings derived from licensed operators across the state. The directive, which took effect immediately upon announcement, signals an important fiscal shift in how gaming earnings are taxed and regulated in Nigeria’s most populous state. Immediate Enforcement Across Licensed Platforms In a public notice issued by Are Bashir, Chief Executive Officer of the Lagos State Lotteries and Gaming Authority (LSLGA), all licensed gaming operators were instructed to begin automatic deduction of 5% from player winnings at the point of payout. Operators…