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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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UBETAS’ $550M Project to Boost Nigeria’s Domestic Gas Supply

UBETAS Limited has unveiled a $550 million project to expand Nigeria's domestic gas supply, aiming to boost local production and distribution, enhance energy security, and support economic growth.

Rivers Caretaker Chairmen Take Oaths, Face Locked Council Offices

Newly appointed caretaker committee chairmen in Rivers State, Nigeria, face a unique challenge: locked council offices guarded by police. Despite this hurdle, the chairmen have begun working from temporary locations and outlined development plans. The situation creates uncertainty regarding access to resources and potential disruption to local services.

UNODC Warns of 40% Increase in Africa’s Drug Use by 2030

UNODC projects a 40% rise in Africa's drug use by 2030, urging intensified prevention and asset seizure efforts.

FG Seeks Additional $4.4 Billion Loan as Debt Hits N101 Trillion

Nigeria anticipates fresh loans totaling $4.4 billion to fund development in energy, education, and economic reforms amidst rising national debt.

Foreign Investors Boost Nigerian Stock Exchange with 437% Trade Surge

The Nigerian Stock Exchange sees a 437% surge in foreign investor trades, driven by improved market conditions and favorable government policies, signaling renewed economic confidence.

Sentiment Analysis with Python Part 2 by Aaron Kub

6 Steps To Get Insights From Social Media With Natural Language Processing Create a DataLoader...

Nnamdi Kanu Seeks Negotiation to Resolve Charges, Court Adjourns Trial

In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.

Nigeria to Lose 300 Millionaires in 2024 Due to Economic Woes

Nigeria faces the loss of 300 millionaires in 2024 due to worsening economic conditions and insecurity, reports Henley Private Wealth.

More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households

NAFDAC Warns: Limit Refrigeration of Cooked Foods to Three Days

NAFDAC emphasizes the risks of storing cooked food in refrigerators beyond three days, highlighting the potential for serious health issues.

MKO Abiola’s Legacy in Turmoil: Family Feuds Over Empire

The Abiola family feud over MKO's legacy reveals deep divisions and challenges in preserving the democratic values of the Nigerian hero.

Nigeria Spends N214.29 Billion on Revenue Collection in Q1 2024

Nigeria spent N214.29 billion on revenue collection in Q1 2024, with FIRS, NCS, and NUPRC reporting major increases in collection costs.

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...