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Nigerian bankers Jim Ovia and Tony Elumelu were pushed out over insider loans, central bank source says

A central bank source says Zenith founder Jim Ovia and UBA’s Tony Elumelu were pushed out over insider loans, some tied to Ovia’s luxury towers.
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Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.

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Bandits Abduct Six Federal Polytechnic Students in Zamfara

KEY POINTS Six students of Federal Polytechnic, Kaura Namoda, remain in captivity after a...
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Vandals Destroy Six TCN Towers, Disrupt Power Supply in Nasarawa

KEY POINTS Six transmission towers on the Apir-Lafia power line were vandalised, causing major...
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Lecturers Shut Enugu Federal College Over Unresolved Grievances

KEY POINTS Lecturers at FCE Eha-Amufu have begun a two-week warning strike over unresolved...
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Atiku Backs CAN Security Reform Call, Urges Muslim Leaders to Join

KEY POINTS Atiku Abubakar has endorsed the Christian Association of Nigeria’s call for urgent...
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Gunmen Kidnap Ex-Minister Adelabu’s Sister, Twin Sons in Ibadan

KEY POINTS Gunmen abducted the sister of ex-Minister Adebayo Adelabu and her 12-year-old twin...
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Tinubu to Address National Assembly on Democracy Day

KEY POINTS President Tinubu will address a joint session of the National Assembly on...
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Oyo Lawmakers Reject Talks With Kidnappers Over Abducted Schoolchildren

KEY POINTS Oyo lawmakers have rejected proposals to negotiate with kidnappers, insisting on intensified...
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Tinubu deploys 79 locally assembled ambulances to tertiary hospitals nationwide

President Bola Tinubu has deployed 79 locally assembled ambulances to tertiary hospitals nationwide, aiming to strengthen emergency healthcare and reduce avoidable deaths across Nigeria.
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Court halts coroner’s inquest into death of Chimamanda’s son

A Lagos High Court has suspended the coroner's inquest into the death of author Chimamanda Adichie's son, pending a challenge to its legality.
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Nigeria’s energy momentum builds as NNPC targets global partnerships at NOG 2026

NNPC is positioning itself for investment and global partnerships ahead of NOG Energy Week 2026, citing five-year-high crude production and new gas supply agreements.
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EFCC Declares Three Suspects Wanted Over Fraud in Nigeria, UK

KEY POINTS The EFCC has declared a foreign national and two Nigerians wanted over...
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Oyo Police Arrest Pastor, Woman Over False Bandit Attack Rumour

KEY POINTS Oyo Police arrested a pastor and a woman for allegedly spreading false...
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Business

Nigerian bankers Jim Ovia and Tony Elumelu were pushed out over insider loans, central bank source says

A central bank source says Zenith founder Jim Ovia and UBA’s Tony Elumelu were pushed out over insider loans, some tied to Ovia’s luxury towers.
News

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
News

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.
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Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.