The African Democratic Congress, ADC, in Enugu State has reacted to the reported resignation of the State Commissioner for Transport, Dr Obi Ozor. DAILY POST reports that news has been circulating in the state alleging that the commissioner has resigned. A latest media report (not by DAILY POST) has now claimed that the commissioner was…
The African Democratic Congress, ADC, presidential running mate, Rotimi Amaechi, has vowed to retire from partisan politics if President Bola Tinubu’s All Progressives Congress, APC, wins the 2027 presidential election. Amaechi urged ADC leaders to go all out in their various states and ensure that Tinubu loses the 2027 presidential election. Speaking during the ADC…
•Remits N22.3trn to govt •Supplies 278.2m barrels to domestic refineries By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday reported a profit after tax of N7.2 trillion for the 2025 financial year, representing a 33 percent increase from the N5.4 trillion recorded in 2024. The company’s revenue, however, declined by…
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market,…
Nigeria’s foremost payment infrastructureprovider, the Nigeria Inter-Bank Settlement System (NIBSS) PLC, has announced that its National Payment Stack (NPS) surpassed 100 million successful transactions lastFriday, marking a major milestone in Nigeria’s paymentsmodernisation journey. Built on full compliance with the ISO 20022 global messaging standard, the NPSprovides a unified, future-ready foundation for seamless, data-rich and securepayments….
By Peter Egwuatu Guaranty Trust Holding Company Plc , GTCO has recorded Group profit before tax, PBT of N603.03 billion, in the first half 2026,H1’26, driven by strong performance on the interest and trading income lines, which grew Year on Year, YoY by 7.5% and 24.7%, respectively. The strong earnings recorded were moderated by a…
By EmekaAnaeto, Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) has revealed that the nation’s Net External Reserve had plunged to a mere $859 million as of the second quarter of 2023, a clear negative position unprecedented in the history of the bank, and also less than a month imports bill. The…
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