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Fidelity Bank grows gross earnings by 38%, as PBT hits N92.5bn in Q1, 2026
Fidelity Bank Plc has reported a 37.8 per cent growth in gross earnings representing N434.95 billion in the first quarter 2026 (Q1, 2026), in addition to a rise to N92.48 billion in profit before tax (PBT). The bank’s Interim Financial…
NRC suspends Warri–Itakpe train service over ‘operational exigencies’
Nigerian Railway Corporation (NRC) says it has temporarily suspended the Warri–Itakpe Train Service (WITS) due to operational exigencies and technical advice from its engineers. A statement confirming the development and signed by the Chief Public Relations Officer of the NRC,…
NUC stops HND-BSc conversion programmes in varsities
National Universities Commission (NUC) has directed all Nigerian universities to discontinue with ongoing Higher National Diploma (HND) to Bachelor of Science conversion and top-up degree programmes, with immediate effect. NUC regulates tertiary education in Nigeria. The directive, which reportedly takes effect…
Nigeria’s GDP growth rate drops to 3.9%, amid oil, non-oil sectors’ slump
National Bureau of Statistics (NBS) has disclosed that the country’s Gross Domestic Product (GDP) growth rate in real terms declined to 3.89 per cent quarter-on-quarter (QoQ) in the first quarter Q1, 2026 from the 4.07 per cent figure recorded in…
Nigeria’s CNG mobility sector attracts over $1bn in investments, as FG targets 2, 322 stations by 2027
Nigeria says it is planning to establish 2,322 Compressed Natural Gas (CNG) stations across the country by 2027 as part of efforts to boost the use of alternative fuel vehicles and improve gas transportation infrastructure. This is also as the…
LPG marketers warn FG of dire consequences, as commodity reaches N2000/kg
Cooking gas retailers in the country, under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), have warned the federal government of severe consequences of the continued rise in prices of the commodity. According to the group, in…
NCAA withholds services to Air Peace, Arik, Ibom Air, 8 others over debts
Industry regulator, the Nigerian Civil Aviation Authority (NCAA) withdrawn services rendered to a total of 11 domestic airlines pending the settlement of their outstanding debts to the agency. A notice distributed to NCAA’s directorates and dated May 22, 2026, directed…
FG declares May 27, 28 public holidays for Eid-el-Kabir
Federal Government has declared Wednesday, May 27 and Thursday, May 28, 2026, as public holidays to mark the Eid-el-Kabir celebration. Minister of Interior, Olubunmi Tunji-Ojo, announced this in a statement issued on Monday by the Permanent Secretary of the ministry,…
Nigeria to review telcomms Act 2003, as NCC kicks off workshop on proposed National Telecommunications Policy 2026
Nigeria has approved processes for the review of the Nigerian Communications Act 2003, just as the Nigerian Communications Commission (NCC) has kicked off discourse on the proposed National Telecommunications Policy 2026. It would be recalled that the NCC had approached…
Supreme Court bars FG from controlling lands adjoining waterways for non-navigational purposes
Supreme Court has in a unanimous ruling stopped the Federal Government from controlling lands adjoining waterways for non-navigational purposes within states of the federation. The court by its ruling, Friday further voided contentious portions of the National Inland Waterways Authority (NIWA)…
