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Otedola Raises First HoldCo Stake to 26.6% With Fresh N12.6bn Investment

KEY POINTS Otedola bought another 95.69 million First HoldCo shares for N12.58 billion. His total stake has risen to about 12.23 billion shares, or 26.6 percent. His First HoldCo holding is now worth approximately N1.61 trillion. Femi Otedola, chairman of First HoldCo Plc, has further...

Suspected Lakurawa Fighter Linked to Niger Mosque Attack

KEY POINTS A suspected Lakurawa fighter identified as Mar Dego has been linked by local sources to Friday’s mosque attack in Dekera, Niger State. Gunmen reportedly abducted several worshippers during prayers. Community leaders are calling for increased security presence as authorities have yet to...

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EFCC Arraigns Man Over Alleged N56.4m Hajj Fraud

KEY POINTS EFCC arraigned Lawal Musa over alleged N56.4 million fraud linked to the...

Vandalism Causes Five Electricity Transmission Towers to Collapse in Akwa Ibom

KEY POINTS Five TCN transmission towers collapsed in Akwa Ibom after critical structural components...

Lagos water concession and prepaid meters will deepen hardship, CAPPA warns

CAPPA has warned that concessioning Lagos's water and expanding prepaid meters could deepen hardship and cut off low-income residents, and it demanded the MoU's publication.

Gumi defends public funding of marriages in Shariah states

Islamic cleric Sheikh Ahmad Gumi has defended using public funds to support marriages in Nigeria's Shariah states, calling the practice a legitimate part of governance.

Nigeria’s refineries will soon bounce back, Tinubu says

President Tinubu says Nigeria's refineries will soon bounce back, while complaining that CNG benefits flow to truck owners rather than commuters, as NUPENG raised concerns.

Osun APC Candidate Freed as Naval Commander Reportedly Redeployed After Arrest

KEY POINTS APC candidate Komolafe reportedly freed. Naval commander allegedly redeployed. Incident occurred ahead...

Ondo Enacts New Electricity Law to Boost Power Supply and Investment

KEY POINTS Aiyedatiwa signed Ondo’s new electricity law. SERC will regulate the state’s power...

INEC Begins Distribution of Sensitive Materials Ahead of Osun Governorship Election

KEY POINTS INEC has begun distributing sensitive materials to all 30 LGAs in Osun...

Tinubu Assures NUPENG: Nigeria’s Refineries Will Resume Operations

KEY POINTS Tinubu says Nigeria’s inactive refineries will resume operations, stressing that they must...

NAFDAC, Police Intensify Crackdown on Sachet and Small-Bottle Alcohol in Ogun

M KEY POINTS NAFDAC and Ogun Police have launched a wider enforcement campaign against sachet...

Nigerian Military Launches Major Operation Against Lakurawa, Other Terrorist Groups

KEY POINTS Military launches Operation CLEAN SWEEP IV. Lakurawa networks targeted across the North-West. ...

Nigeria fails US fiscal transparency test for second year

Nigeria has failed the US fiscal transparency test for a second straight year, with the State Department citing a vague budget and weak audit oversight.

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Otedola Raises First HoldCo Stake to 26.6% With Fresh N12.6bn Investment

KEY POINTS Otedola bought another 95.69 million First HoldCo shares for N12.58 billion. His...

Suspected Lakurawa Fighter Linked to Niger Mosque Attack

KEY POINTS A suspected Lakurawa fighter identified as Mar Dego has been linked by...

Troops Intercept Gun Runners, Rescue Six Kidnap Victims in Zamfara

KEY POINTS Troops arrested three suspected gun runners in Zamfara. An AK-103-2 rifle and...

Lagos Electrician Alleges Four-Day Police Detention, ₦45,000 Extortion Over Missing Phone

KEY POINTS Lagos electrician Sunday Moses Olugbemi alleges police detained him for four days...