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ADC Alleges Assassination Attempt as Thugs Attack Obi

KEY POINTS Suspected armed thugs allegedly attacked Obi, Oyegun, and ADC members in Benin City, damaging property and injuring supporters. The party claims the incident was an assassination attempt following Akpata’s formal defection event. The attack has heightened political tensions amid recent election disputes...
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Former NRC Boss Arraigned Over Alleged $385,000, ₦165m Fraud

KEY POINTS Former railway chief Edetanle faces eight fraud-related charges involving over $385,000 and ₦165m. He pleaded not guilty; defence seeks time to file bail request. Court ordered remand and fixed May 2026 for trial dates. The Economic and Financial Crimes Commission, EFCC, on Tuesday...

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CBN Cuts Interest Rate to 26.5% as Inflation Eases

KEY POINTS The CBN reduced its benchmark interest rate from 27% to 26.5%, signaling...
Business

Innoson Employs 8,000 Workers as Expansion Accelerates

Innoson expansion to add 2,000 jobs and launch a tractor plant as workforce reaches 8,000 across Nigeria.
Business

Heirs Energies Sees $186 Million Paper Gain on Seplat Stake

Heirs Energies records a $186.6 million paper gain on its Seplat stake as shares rise sharply following December acquisition.
Business

Dangote Plans July Share Sale for 650,000 Bpd Refinery

Aliko Dangote says Nigerians may buy shares in the Dangote refinery by July, opening the 650,000 bpd project to public investors.
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Nigeria’s Public Debt Rises to N153.29 Trillion by September 2025

KEY POINTS Nigeria’s public debt reached N153.29 trillion in Q3 2025, rising by N900...
Business

Nigeria Customs Opens 60-Bed Hospital With ASR Africa Grant

Nigeria Customs commissions a 60-bed hospital in Bauchi funded by ASR Africa to expand healthcare access for officers and nearby communities.
Business

Sterling Financial Completes Share Allotment

Sterling Financial share allotment proceeds after oversubscribed N7.00 public offer draws N117.88 billion in investor demand.
Business

Tinubu Order May Add N14.6 Trillion to Federation Account

Executive order may add N14.57 trillion to the Federation Account as oil and gas revenues are redirected from PIA deductions.
Business

Tinubu Signs Executive Order to Boost Oil Revenue Remittances

Tinubu signs Executive Order to eliminate PIA deductions and increase oil revenue remittances to the Federation Account.
Business

Nigeria Crude Oil Production Rises 5.8 percent to 1.64mbpd

Nigeria crude oil production reaches 1.64mbpd in 2025, with indigenous producers accounting for more than half of total output.
Business

MTN Agrees $6.2 Billion Deal to Buy IHS Holding

MTN IHS acquisition in a $6.2 billion all-cash deal would delist the tower operator and reshape Africa’s digital infrastructure landscape.
Business

Coleman Seeks N50 Billion in Commercial Paper For Expansion

Coleman commercial paper issuance of N50 billion will fund expansion and fibre optics growth as the Nigerian cable maker returns to debt markets.
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ADC Alleges Assassination Attempt as Thugs Attack Obi

KEY POINTS Suspected armed thugs allegedly attacked Obi, Oyegun, and ADC members in Benin...
News

Former NRC Boss Arraigned Over Alleged $385,000, ₦165m Fraud

KEY POINTS Former railway chief Edetanle faces eight fraud-related charges involving over $385,000 and...
News

DSS Arrests Alleged ISWAP Commander Linked to Owo Church Massacre

KEY POINTS DSS operatives arrested a sixth suspect linked to the 2022 Owo church...
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Bayelsa Assembly Confirms Peter Akpe as Deputy Governor

KEY POINTS Bayelsa lawmakers confirmed Peter Akpe as deputy governor following the death of...

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