The Asset Management Corporation of Nigeria (AMCON) has taken over General Hydrocarbons Limited (GHL), an oil exploration and production company owned by media mogul Nduka Obaigbena, under receivership following a debt dispute with FirstBank. In a notice dated November 6, 2025, AMCON-appointed receiver Oluseyi Akinwunmi directed all creditors to submit their claims within 30 days and make payments into a …

The Trade Union Congress (TUC) has kicked against President Bola Tinubu’s approval of 15 per cent import duty on Premium Motor Spirit, also known as petrol. The TUC warned that the policy could worsen the hardship faced by Nigerians already struggling with high fuel prices and inflation. Festus Osifo, the TUC President noted that the union is currently reviewing the …