UBA posts N801.5bn gross earnings as shareholders’ funds hit N4.3trn
United Bank for Africa (UBA) Plc has reported strong first-quarter 2026 performance, with solid growth in earnings. According to its unaudited results for the three months ended March 31, 2026, released on Friday, April 24, gross earnings rose by 4.9 per cent to N801.5 billion, up from N764.3 billion recorded in the same period of 2025. Interest income also increased by...
Truck drivers face drug screening in Apapa port safety drive
APM Terminals Apapa, in partnership with the Nigerian Ports Authority, has launched a drug and alcohol testing campaign targeting truck drivers operating within the Apapa port corridor. The initiative, aimed at improving safety at Nigeria’s busiest seaport, focuses on ensuring that drivers handling heavy-duty vehicles are fit and alert while on duty. Lagos Port Manager, Adebowale Ibrahim, said the exercise is...
EFCC arrests Cameroonian over N1.5bn bank fraud in Lagos
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a Cameroonian businessman, Bekono Marc Eric, over an alleged N1.5 billion bank fraud in Lagos. The suspect, 47, was apprehended on Thursday by officers of the EFCC’s Lagos Zonal Directorate 2 in the Ikorodu area of the state. According to the commission, preliminary investigations indicate that the suspect is part...
MTN credits subscribers with airtime over January network disruptions
MTN Nigeria has begun compensating customers affected by poor network service in January 2026, with subscribers reporting receipt of airtime credits. Notifications seen by users indicate that the telecom operator is issuing varying amounts of airtime as compensation for quality-of-service challenges experienced during the period. Some subscribers confirmed receiving credits ranging from as low as ₦20 to higher amounts such...
‘Be ready to serve in any capacity’: Tinubu swears in Darma as housing minister
President Bola Tinubu on Friday administered the oath of office to Dr Muttaqha Darma as the new Minister of Housing and Urban Development, following his Senate clearance. Darma replaced Ahmed Dangiwa, who recently resigned. Speaking at the short ceremony held at the State House, Tinubu congratulated Darma for coming on board at this “very challenging time of national development. The president said:...
FG, FirstBank unveil low-interest mortgage scheme to boost home ownership
FirstBank has partnered with the Ministry of Finance Incorporated (MOFI) to introduce a new mortgage product aimed at improving access to affordable housing in Nigeria. The initiative, known as the MREIF Home Loan, is designed to address longstanding challenges in the country’s housing finance system, where prospective homeowners often face high interest rates, steep equity contributions, and limited loan tenures. Under...
Oyedele sets economic agenda, prioritises investment
Nigeria’s new Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has unveiled his economic policy priorities, pledging to deepen reforms, strengthen fiscal discipline, and drive inclusive growth following his assumption of office. Oyedele, who formally took over from his predecessor, Wale Edun, said Nigeria is at a critical stage where recent efforts to stabilise the economy must...
NNPCL denies selling refinery equipment
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed reports suggesting it is selling refinery equipment and scrap materials, describing such claims as false and deceptive. In a statement issued by its Chief Corporate Communications Officer, Andy Odeh, the company said it has not authorised any individual or organisation to sell scrap metals, refinery components, or assets from its facilities. NNPCL...
Oyo confirms Lassa fever outbreak, records one death
The Oyo State Government has confirmed five cases of Lassa fever, including one fatality, as authorities intensify efforts to contain the outbreak. Speaking at a press briefing in Ibadan on Friday, the Commissioner for Health, Oluwaserimi Ajetunmobi, said the state had activated its emergency response framework to manage the situation. She disclosed that confirmed cases are currently receiving treatment at designated...
EFCC detains Ex-Skye Bank Chairman Tunde Ayeni over N36.5bn, $30m fraud
The Economic and Financial Crimes Commission (EFCC) has arrested the former chairman of the now-defunct Skye Bank Plc, Tunde Ayeni, over alleged fraud involving billions of naira and millions of dollars. It was gathered that Ayeni was arrested by EFCC operatives in Abuja on Thursday, April 23, 2026, and remains in the custody of the anti-graft agency. Sources familiar with the...
