BUSINESS
New York Times Faces $15 Billion Trump Lawsuit Over Alleged Smears
US President Donald Trump announced Monday that he has filed a $15 billion defamation and libel lawsuit against The New York Times. In a post on his Truth Social platform, Trump accused the newspaper of spreading falsehoods against him for years. “The New York Times has been allowed to freely lie, smear, and defame me for far too long, and...
Nigeria’s Lokpobiri Reaffirms Country’s Leadership In Africa’s Energy Security, Calls for Regional Integration
Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D, has reiterated Nigeria’s leading role in advancing Africa’s energy security, stressing the need for deeper regional cooperation at the Africa Oil Week (AOW) 2025 Ministerial and CEO Leadership Forum. In a statement signed by his Special Adviser on Media and Communication, Nneamaka Okafor, Lokpobiri said regional integration offers...
Dangote Refinery Slashes Petrol Price, Sets September 15 For Direct Distribution Initiative [See Prices]
In a move aimed at reducing the cost of fuel for Nigerians, Dangote Refinery has announced a nationwide reduction in its Premium Motor Spirit (PMS) retail price. The company also confirmed that its much-anticipated direct petrol distribution initiative will officially commence on Monday, September 15, 2025. According to a fresh price template shared on the Dangote Group’s official X account,...
Foreign Portfolio Flows Surge on Nigerian Stock Market
Foreign portfolio inflows into the Nigerian stock market rose sharply by 354.4% to N609.73 billion in the first seven months of 2025 (7M’25), up from N134.19 billion recorded in the same period of 2022 (7M’22). The latest Domestic and Foreign Transactions Report from the Nigerian Exchange Limited (NGX) also revealed that foreign outflows surged by 382.2% to N671.56 billion in...
FG Begins Payment To Contractors After Year-Long Delay
The Federal Government has commenced payment to contractors handling projects across its ministries, departments, and agencies (MDAs) after over a year of suspended disbursements. Spokesperson for the Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, confirmed the development in an interview on Monday. He disclosed that the resolution followed a meeting held last week between government officials...
MD Nwakanma Set To Establish Solar Energy Factory In Abia, Targets 2,000 Jobs
A new wave of industrialization and job creation is set to hit Abia State, as Mr. Madu Dennis Nwakanma, Chief Executive Officer of MD Nwakanma Nigeria Limited, has announced plans to establish a large-scale solar energy battery factory in the state. Speaking in an exclusive interview with ABN TV, Mr. Nwakanma revealed that the groundbreaking project will be sited in...
Tinubu, Soludo Meet To Discuss Democracy, Security, And Economic Reforms
President Bola Ahmed Tinubu says his meeting with Anambra State Governor, Prof. Charles Chukwuma Soludo, at the Presidential Villa, Abuja, centered on deepening democracy, strengthening security, and advancing ongoing economic reforms. In a statement on his official X handle on Wednesday, Tinubu described Soludo as “a friend of over two decades,” adding that both leaders share a vision for progressive...
CBN Retains Interest Rate At 27.5%
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has voted to retain the Monetary Policy Rate (MPR) at 27.50 percent. The decision was announced by CBN Governor Olayemi Cardoso at the conclusion of the 301st MPC meeting held on Tuesday in Abuja. He stated that all MPC members agreed unanimously to maintain the interest rate amid sustained moderation in...
Nigeria’s Economy Expands By 3.13% In First Quarter Of 2025
The National Bureau of Statistics (NBS) yesterday announced that Nigeria’s economy grew by 3.13 percent in the first quarter of 2025, following the rebasing of the Gross Domestic Product (GDP) using 2019 as the new base year. This growth marks an increase of 0.86 percentage points from the 2.27 percent recorded in the same period of 2024 (Q1'24). In addition,...
MAN, RMRDC Call For Tech-Driven Solutions To Strengthen Local Manufacturing
The upcoming 2025 Nigeria Manufacturing and Equipment (NME) Expo, held alongside the Nigerian Raw Materials (NIRAM) Expo, will spotlight the adoption of indigenous technology to strengthen local manufacturing and support the Federal Government’s ‘Nigeria First’ policy. Jointly organised by the Manufacturers Association of Nigeria (MAN) and the Raw Materials Research and Development Council (RMRDC), this year’s event is themed “Accelerating...
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-300x194.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")
![Ohafia Monarchs Reject 'UDUMEZE OF OHAFIA' Title, Insist It's Unrecognized, Misleading [Document Attached]](https://abntv.com.ng/wp-content/uploads/2025/07/FB_IMG_1752179354516-100x75.jpg "Ohafia Monarchs Appeal For Calm, Reaffirm Neutrality In Ohafia Improvement Union Election Process")