Naira stopped its fall against the US dollar on Wednesday and gained some ground at the official market. Data from the Central Bank of Nigeria showed the naira closed at *N1,370.56 per dollar*. That is stronger than Tuesday’s rate of *N1,375.62 per dollar*, meaning the naira gained *N5.06*. However,...
By NGOBUA JOHNNIE, ABUJA
President Bola Ahmed Tinubu led federal government is asking the World Bank for another $1.25 billion loan to fund investment and job creation. The loan, called Nigeria Actions for Investment and Jobs Acceleration, is close to approval and could be presented to the World Bank board on June 26,...
Federal High Court in Abuja has struck out a suit filed by promoters of the All Democratic Alliance (ADA) seeking to compel the Independent National Electoral Commission (INEC) to register the group as a political party. Justice Emeka Nwite ruled that the case, instituted by Umar Ardo and others,...
Operatives of Ifo and Sango Divisions, Ogun State Police Command, have recorded a major breakthrough in the fight against armed robbery and vehicle theft with the arrest of two suspected armed robbers, Mohammed Adeniyi Usman alias “Mandela” ‘M’, aged 48 years, and Abiodun Ogunojukan alias “Ilasa” ‘M’, aged 38...
Nigeria Police Force has announced a major breakthrough in the investigation into the killing of Bishop Chinedu Clarence James, with the recovery of the late cleric’s stolen Toyota Land Cruiser and the arrest of two suspects allegedly connected to the crime. According to the Force spokesman, DCP Anthony Placid,...
President Bola Tinubu has raised concerns over Nigeria’s growing debt burden, warning that the country could spend as much as $11.6 billion on debt servicing in 2026 if current global financial conditions persist. Speaking at the Africa Forward Summit held in Nairobi, the president said nearly half of Nigeria’s...
President Bola Tinubu has arrived in Kigali, Rwanda, ahead of the 13th edition of the Africa CEO Forum, which begins on Thursday. President Tinubu according to a statement by his media aide, Bayo Onanuga, was received at the Presidential Wing of the Kigali International Airport by the Minister of...
The National Human Rights Commission has expressed deep concern over the recurrent incidents of military airstrikes reportedly resulting in significant civilian casualties across different parts of the country, describing the development as deeply troubling and incompatible with established human rights and humanitarian law standards. The Executive Secretary of the...
No fewer than 24,000 additional Nigerians are expected to benefit from the next phase of the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project being implemented by the Federal Government in partnership with the World Bank. The initiative, which is coordinated by the National Universities Commission (NUC), received...
Selective bargain hunting across key sectors of the Nigerian Exchange (NGX) boosted market performance on Tuesday 12 May, 2026, even as investors continued to book profits in selected counters. The Nigerian Exchange All-Share Index (NGXASI) advanced by 0.77 per cent to close at 252,411.67 basis points, extending its rally...
Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has called for increased support for micro, small and medium-sized enterprises (MSMEs) as part of efforts to drive economic growth and job creation in Nigeria. Obi made this known after holding meetings in London with key stakeholders in...
Operatives of the Lagos Zonal Directorate 1 of the EFCC have commenced investigations into the alleged money laundering case involving $79,150 (Seventy-Nine Thousand, One Hundred and Fifty United States Dollars) against the duo of Anih Shadrach Friday and Chukwukezie Vincent Ndonna. The suspects were arrested by operatives of the...
Senator representing Abia Central Senatorial District, Distinguished Senator Austin Akobundu, has officially submitted his nomination form for the 2027 Senate election at the National Secretariat of the African Democratic Congress (ADC), Abuja. He was received by an enthusiastic crowd of party supporters and stakeholders who gathered at the Secretariat...
Justice James Omotosho of the Federal High Court sitting in Abuja on Wednesday, May 13, 2026 sentenced a former Minister of power, Saleh Mamman to 75 years imprisonment for money laundering charges. Mamman, who was absent in court, was prosecuted by the Economic and Financial Crimes Commission, EFCC, for...
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a large consignment of Canadian Loud, a high-potency strain of cannabis, weighing 4,173.5 kilograms with a street value of Ten Billion Four Hundred and Thirty-Three Million Seven Hundred and Fifty Thousand Naira (N10, 433, 750,000.00) only at the...
In furtherance of ongoing counter-terrorism efforts to strengthen joint operations between the Multi National Joint Task Force (MNJTF) N’Djamena and the Joint Task Force (North East), Operation HADIN KAI (OPHK), the Force Commander (FC) MNJTF, Major General Saidu Audu, undertook an operational visit to the Headquarters OPHK in Maiduguri,...
Kaduna State Governor, Uba Sani has constituted a high-level consensus committee on party harmonization and aspirants’ engagement as part of efforts to deepen internal democracy, strengthen cohesion among stakeholders, and sustain unity within the ruling party ahead of forthcoming elections. The committee, according to a statement issued by the...
Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, SAN, has unveiled plans by the Commission to strengthen healthcare services and improve staff welfare through the renovation of existing clinic facilities and the acquisition of a bigger healthcare centre for employees. Prof. Amupitan disclosed this at the...
From Equatorial Guinea to Tanzania, from Accra to Addis Ababa, and now, from Nairobi to Kigali, President Bola Ahmed Tinubu, with sartorial elegance and swashbuckling confidence, is traversing Africa preaching Nigeria’s reform story to the world. While the echoes of President Tinubu’s economic reforms have since reverberated across every...