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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Nigeria Finalizes Bid Process to Sell Five Power Plants for $1 Billion

Nigeria takes a significant step towards revitalizing its energy sector with the privatization of five power plants, aiming to attract investment and improve reliability.

June 9, 2024

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D’banj Celebrates Two Decades in Music with a Free Street Concert

D'banj marks 20 years in the music industry with a free concert at the New Afrika Shrine, inviting fans to celebrate his journey.

June 9, 2024

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Governors Reject Proposed ₦60,000 Minimum Wage

Nigerian governors reject a proposed increase in the minimum wage to ₦60,000 ($133), citing concerns about financial sustainability. Labor unions remain adamant about a significant hike, leaving the federal government to mediate a solution.

June 8, 2024

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Court to Rule on Jurisdiction in Kano Emirate Crisis

The Federal High Court in Kano will rule on its jurisdiction in the ongoing Kano Emirate crisis on June 13, determining the future course of the legal battle over new emirates.

June 7, 2024

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Atiku Calls for Probe Into Secret Fuel Subsidy Payments

Atiku Abubakar urges the National Assembly to investigate alleged secret fuel subsidy payments by President Bola Tinubu’s administration.

June 7, 2024

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Nigerian Senate Presses Tinubu for Action on Worsening Banditry

Nigeria's Senate is urging President Bola Tinubu to take decisive action to address the escalating banditry crisis in the country's northwest region. Senators expressed deep concern over the continued violence, which has resulted in numerous deaths, kidnappings, and the displacement of entire communities.

June 7, 2024

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FG Admits to ₦5.4 Trillion Oil Subsidy in 2024 After Countless Denials

Nigeria's government has admitted to spending ₦5.4 trillion on oil subsidies in 2024 after numerous denials, sparking debate on the sustainability of such subsidies and their economic impact.

June 6, 2024

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Senate Approves 300% Salary Increase for Nigerian Judicial Officers

The Nigerian Senate approves a 300% salary increase for judicial officers, enhancing compensation to ensure judicial independence and integrity.

June 6, 2024

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National Anthem Reintroduced with Standardized Lyrics

The NOA unveils the official lyrics of Nigeria's reintroduced national anthem, promoting national unity and cultural heritage.

June 6, 2024

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Nigerian Senators Clash Over Bill to Ban Open Grazing

Nigerian senators are embroiled in a heated debate over a bill proposing a ban on open grazing and the establishment of cattle ranches. Proponents argue the bill is necessary to end deadly farmer-herder clashes, while opponents raise concerns about constitutionality and practicality.

June 6, 2024

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Labor Unions Stand Firm on Rejecting Minimal Increases to Proposed N60,000

Nigerian labor unions stand firm against minimal increases to the proposed N60,000 minimum wage, demanding substantial adjustments.

June 5, 2024

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CBN Confirms Stability in Banking Licenses Amid Recapitalization

The Central Bank of Nigeria reassures the public of the banking sector's stability, emphasizing that no additional banking licenses will be revoked as the industry undergoes strategic recapitalization to enhance economic resilience.

June 5, 2024