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Yahaya Bello Money Laundering Trial Adjourned to May 6

KEY POINTS The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7, 2026. A prosecution witness testified about dollar transactions and admitted gaps in earlier statements. Discrepancies in evidence emerged, while the court allowed additional exhibits despite defence objections. Justice Emeka Nwite of...

EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

KEY POINTS EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and $30m fraud. Funds obtained from Polaris Bank were reportedly diverted from intended projects. About 12 linked companies are under investigation, with charges expected soon. The Economic and Financial Crimes Commission has...

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Government Actions to Lower Energy Costs, Says Power Minister Adelabu

Power Minister Adebayo Adelabu outlines government actions aimed at reducing energy costs in Nigeria, focusing on renewable energy, infrastructure upgrades, and regulatory reforms.

Obasanjo Meets Southeast Governors: Focus on Regional Development

Former Nigerian President Obasanjo clarifies his meeting with Southeast governors, stating the focus was on regional development issues like security, infrastructure, and economic growth, not Nnamdi Kanu's release.

Nigeria Battles Cholera Outbreak: 63 Dead, 2,102 Cases Reported

Nigeria faces a cholera outbreak with 63 deaths and 2,102 cases. The NCDC is tackling sanitation and healthcare challenges in response efforts.

NNPC Declares State of Emergency on Crude Oil Production

NNPC declares a state of emergency on crude oil production, addressing theft, vandalism, and operational disruptions to stabilize Nigeria's vital oil industry.

Dangote Criticizes CBN High Interest Rates, Calls for Policy Reforms

Aliko Dangote addresses stifling interest rates and the need for supportive policies to boost Nigeria’s manufacturing and economic potential.

SEC Calls on Nigerian Capital Market to Embrace Innovation

The Nigerian Securities and Exchange Commission (SEC) is urging stakeholders in the Nigerian capital market to embrace innovation as a driver of economic growth and sustainable development. Dr. Emomotimi Agama, Director-General of the SEC, highlighted the potential of innovative financial instruments and fintech to unlock new opportunities and address socio-economic challenges. The SEC is committed to fostering a regulatory environment that encourages responsible innovation in the Nigerian capital market, focusing on sustainability and collaboration among stakeholders.

CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.

Court Rejects Nnamdi Kanu’s Human Rights Suit Against FG

Court dismisses Nnamdi Kanu’s N1 billion human rights suit, finding no sufficient evidence of rights violations by the DSS or the Nigerian government.

Army, Police Begin Borno Clearance After Deadly Bombings

Police and army start clearance operations in Borno after deadly bombings, aiming to prevent further threats and ensure public safety.

 INEC’s Limited Role: No Power to Conduct State LG Elections

INEC Chairman Mahmood Yakubu states that the commission lacks constitutional authority to conduct local government elections outside the FCT, calling for necessary constitutional amendments.

New Minimum Wage May Lead to Financial Instability in States – NGF

Concerns grow as new minimum wage proposal might push several Nigerian states towards financial instability.

Breaking: Aiteo Terminates Security Contracts with Amotoi, Others Over Crude Theft, Fraud

Aiteo ends contracts with Amotoi, Livingstone and others due to crude theft and fraud, aiming to safeguard operations and assets in Nigeria.

Latest articles

Yahaya Bello Money Laundering Trial Adjourned to May 6

KEY POINTS The court adjourned Yahaya Bello’s alleged money laundering trial to May 6–7,...

EFCC Arrests Former Skye Bank Chairman Tunde Ayeni Over Alleged ₦36.5bn Fraud

KEY POINTS EFCC arrested former Skye Bank chairman Tunde Ayeni over alleged ₦36.5bn and...

Gunmen Storm Benue Palace, Kill Traditional Ruler, Family and Two Others

KEY POINTS Gunmen killed a traditional ruler, his wife, son, and two others in...

Kidnapped Lagos Woman Freed After Family Pays $17,500 Ransom

KEY POINTS A Lagos woman was kidnapped from her home in a late-night attack...