The Nigerian Inquirer

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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...

April 25, 2026

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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...

April 25, 2026

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Business

Nigeria Advances $1 Billion Sale of Five Power Plants

Nigeria is finalizing the sale of five key power plants in a $1.15 billion deal to enhance its energy sector and economic growth.

June 24, 2024

Business

Dangote Accuses IOCs of Undermining Nigerian Refinery

Dangote accuses international oil firms of plotting against its Nigerian refinery, calling for government intervention.

June 24, 2024

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Nigeria Faces Rising Engine Oil Costs Amid Forex Crisis

Nigeria's engine oil prices soar due to refinery absence and forex crisis, leading to an influx of fake products and endangering millions of vehicles.

June 24, 2024

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Locally Sourced Gold Injects N6bn into Nigerian Economy

The National Gold Purchase Programme has injected N6 billion into Nigeria’s economy through locally sourced gold, strengthening foreign reserves and supporting local miners.

June 24, 2024

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Lagos DPP Drops Charges Against Community Chief Owonla

Lagos DPP dismisses charges against Chief Moruf Owonla, a community leader, following the emergence of new evidence in a land dispute. The evidence confirms Owonla's rightful claim to the land.

June 24, 2024

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Tinubu Applauds $5M Boost in Foreign Reserves from Gold Transaction

President Tinubu celebrates a $5 million gold transaction, marking a significant milestone in Nigeria's economic diversification under the Renewed Hope Agenda.

June 24, 2024

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US Lawmakers Push for Release of Detained Binance Executive

US lawmakers are pushing for the release of a detained Binance executive, emphasizing the need for fair treatment and transparency in the legal proceedings. The case highlights significant concerns over international regulatory compliance and due process.

June 23, 2024

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Nigerians to Start Using Three-in-One ID Card in August

Nigeria will introduce a three-in-one identity card in August, integrating identity, financial, and social services into a single card, according to NIMC

June 23, 2024

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Outcry Over Governors’ Remarks on Proposed N60,000 Minimum Wage

Nigerians criticize governors for dismissing proposed N60,000 minimum wage as unrealistic, calling the move insensitive amid economic hardships.

June 22, 2024

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Police Defy Governor’s Orders on Deposed Emir

A tense standoff has emerged in Kano, Nigeria, between the police and the governor over the eviction of the deposed Emir. The Emir remains in his residence as the court date approaches.

June 22, 2024

News

Nigeria’s Minimum Wage Crisis Deepens: Strike Disrupts Economy

Nigeria's unresolved minimum wage crisis led to a two-day strike, causing significant economic disruptions. Urgent action is needed to prevent further damage.

June 21, 2024

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