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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
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Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.

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Boko Haram Kills Soldiers, Abducts 300+ in Borno as Fresh Attacks Hit Benue and Kwara

Insurgents overran a military base, killed soldiers and the town's chief imam, then dragged hundreds of residents into the Mandara Mountains.
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Kano Assembly Begins Impeachment Process Against Deputy Governor

KEY POINTS The Kano State House of Assembly has initiated impeachment proceedings against Deputy...
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Court Clears Suspended DCP Abba Kyari of Asset Declaration Charges Filed by NDLEA

KEY POINTS A Federal High Court in Abuja has discharged and acquitted suspended Deputy...
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Newly Elected Lagos APC Publicity Official Karamo Yesiro Dies Hours Before Inauguration

KEY POINTS Newly elected Lagos APC assistant publicity secretary Karamo Yesiro died less than...
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Seriake Dickson Dumps PDP for Newly Registered NDC, Cites Internal Crisis

KEY POINTS Senator Seriake Dickson has defected from the PDP to the newly registered...
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DIG Frank Mba Retires After 34 Years in Nigeria Police

Deputy Inspector-General Frank Mba has voluntarily retired from the Nigeria Police Force after 34 years, as seven AIGs line up for promotion interviews to fill senior vacancies.
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Senate Summons Kyari Over N210trn Unaccounted in NNPCL

Nigeria's Senate has summoned former NNPCL chief Mele Kyari to explain N210 trillion flagged in audit reports covering 2017 to 2023, threatening arrest warrants if he fails to appear.
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Nigeria Textile Sector GDP Contribution Falls 3.6 Percent in 2 Years

Nigeria's textile and garment sector shed N164 billion in output value between 2023 and 2025, with fewer than 20 mills still running across the country.
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Benue Mother Lost Her Hand to Bandits. Eight Years Later, She Lives in an IDP Camp with Four Children

Martina Atom lost her hand to bandit machetes in Benue and has spent eight years raising four children alone in a displacement camp.
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Al-Qaeda Jihadists Kill 15 Soldiers in Attack on Army Base in Northern Benin

Al-Qaeda's Sahel branch killed 15 Beninese soldiers in a raid on an army base near the Niger border.
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Nigeria Paid Boko Haram Millions to Free Kidnapped Catholic School Pupils, Intel Sources Say

Intelligence sources say Nigeria paid Boko Haram millions in ransom to free children kidnapped from a Catholic school in Niger State.
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Bandits Move Freely Through Forest Routes in Nasarawa, Kogi and Benue, Residents Say

Residents say bandits move openly through forest corridors linking Nasarawa, Benue and Kogi, displacing more than 14,000 people.
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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
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Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.