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Son Disputes Cause of Late General’s Death

KEY POINTS Late Major General Rabe Abubakar’s son says his father neither had diabetes nor hypertension. The family believes the retired army officer may have died from a snakebite, although the exact cause remains unknown. Abubakar’s wife, who was kidnapped alongside him, is still...
Politics

APC Picks Kudirat Adegunwa-Balogun as Adeola’s Running Mate in Ogun

KEY POINTS APC has named Kudirat Adegunwa-Balogun as the deputy governorship candidate for the 2027 Ogun election. Governor Dapo Abiodun said the choice followed extensive consultations with party leaders across the state. Adegunwa-Balogun is a chartered accountant and senior executive at Rite Foods with...

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Business

FCMB appoints Bismarck Rewane non-executive director and board chairman

First City Monument Bank has appointed economist Bismarck Rewane as non-executive director and chairman of its board, following approval from the Central Bank of Nigeria.
Business

CBN Reassigns Four Deputy Governors in Leadership Shake-Up

KEY POINTS The Central Bank of Nigeria has redeployed its four deputy governors in...
Business

CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.
Business

Nigeria’s capital market moves to T+1 settlement cycle

Nigeria's capital market will switch to a T+1 settlement cycle on June 1, bringing the country in line with the US, Canada and India.
Business

Nigeria’s Economy Slows as GDP Growth Drops to 3.89% in Q1 2026 — NBS

KEY POINTS Nigeria’s economy grew by 3.89% in Q1 2026, according to the National...
Business

UBA opens innovation hub, business office at UNILAG

UBA has opened an innovation hub and business office at the University of Lagos, as chairman Tony Elumelu returned to his alma mater for the commissioning.
Business

Nigeria’s trade surplus jumps 220 percent to $480m

Nigeria's trade surplus jumped 220 percent to $480 million in January as oil exports hit a record, even as weaker cocoa prices dragged non-oil earnings.
Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
Business

Dangote unveils multi-billion-dollar Olokola deep seaport on 10,000 hectares

Aliko Dangote's group has begun preliminary work on a 10,000-hectare deep seaport at Olokola, targeting exports, fertilizer shipments and Atlantic trade.
Business

AfDB approves $200m BoI facility to boost Nigeria’s industrial sector

AfDB approved a $200 million facility for Nigeria's Bank of Industry to boost SMEs, manufacturing and green industrialization, with women-led and youth businesses prioritized.
Business

Dangote lifts Ethiopia investment to $4billion, pledges African food security

Aliko Dangote raised his Ethiopia investment from $2.5 billion to over $4 billion, pledging that fertilizer plants will deliver food security across Africa.
Business

Nigeria’s Inflation Rate Climbs to 15.69% in April Despite Slower Food Price Growth

KEY POINTS Nigeria’s inflation rate rose slightly to 15.69% in April 2026 after the...
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News

Son Disputes Cause of Late General’s Death

KEY POINTS Late Major General Rabe Abubakar’s son says his father neither had diabetes...
Politics

APC Picks Kudirat Adegunwa-Balogun as Adeola’s Running Mate in Ogun

KEY POINTS APC has named Kudirat Adegunwa-Balogun as the deputy governorship candidate for the...
News

Udenwa Threatens N5bn Lawsuit Against Kenneth Okonkwo Over Extortion Allegations

KEY POINTS Former Imo governor Achike Udenwa has threatened to sue Kenneth Okonkwo over...
News

Retired Army General Buried After Dying in Bandits’ Captivity

KEY POINTS Retired Major General Rabe Abubakar was buried in Katsina after dying while...