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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
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Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

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FG moves to strengthen rights commission

Nigeria is considering reforms to strengthen its human rights commission, focusing on independence, funding and enforcement powers to improve accountability.
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Kidnappers Demand N1 Billion Ransom for Kwara Church Abductees

KEY POINTS Kidnappers demand N1 billion for church worshippers abducted in Omugo, Kwara State ...
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Bello Matawalle Withdraws Governorship Ambition to Back Dauda Lawal in 2027

KEY POINTS Bello Matawalle withdraws 2027 governorship bid to support Dauda Lawal’s reelection in...
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NYSC Relocates Kwara and Kaduna Camps Over Security Concerns

KEY POINTS NYSC relocates orientation camps in Kwara, Kaduna, and other high-risk states to...
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Nigerian man jailed for life in UK for killing woman after cannabis-fueled crash

A Nigerian man received a life sentence in the UK for killing a 56-year-old woman after crashing his car while under the influence of cannabis.
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Terrorists kill hunter, attack NSCDC office in Kwara community

Suspected terrorists attacked Oro-Ago community in Kwara State Wednesday evening, killing a local hunter and vandalizing a civil defense office.
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Gunmen kill nine soldiers, one police officer in Kebbi State ambush

Gunmen killed nine soldiers and a police officer in a Tuesday night ambush in Kebbi State, also setting two military gun trucks on fire.
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Nigerian Court Sentences Two Men to 12 Years Each for Trafficking 8 Children, Including Their Own

A Nigerian federal court jailed two men 12 years each for trafficking eight children, including some of their biological children.
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Court voids CBN’s removal of Union Bank board

A Federal High Court in Lagos has nullified the CBN's January 2024 removal of Union Bank's board and ordered the immediate reinstatement of the bank's former leadership.
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Court Adjourns El-Rufai Fraud Case to March 31 as Ex-Kaduna Governor Files Bail Application

KEY POINTS A Federal High Court in Kaduna adjourned Nasir El-Rufai’s alleged fraud case...
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Labour Party Signals 2027 Presidential Ticket Will Emerge from Southern Nigeria

KEY POINTS Labour Party initially indicated its 2027 presidential ticket would be zoned to...
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Power Minister Adebayo Adelabu Apologises to Nigerians Over Persistent Outages

KEY POINTS Power Minister Adebayo Adelabu apologises for widespread electricity outages affecting homes, businesses,...
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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
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Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.