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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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Two-Storey Building Collapses in Aboru Area of Lagos State

KEY POINTS One person died in the Lagos building collapse. Two workers were rescued...
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NDLEA Brings Wanted Drug Suspect Back from Benin

KEY POINTS NDLEA arrests Festus Ibewuike in Benin Republic. He is linked to 49.70kg...
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Kara Bridge Repairs Trigger Major Lagos-Ibadan Expressway Gridlock

KEY POINTS Kara Bridge repairs trigger severe Lagos-Ibadan gridlock. Traffic stretches from Kara towards...
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Outrage as Kwara Revenue Officials Allegedly Evict Students Over Hostel Tax Dispute

KEY POINTS KWIRS officials allegedly evicted students from Malete hostels over a revenue dispute...
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Ekiti Varsity Pensioners Demand Unpaid Pensions, Gratuities

L KEY POINTS BOUESTI pensioners say August pension remains unpaid. Retirees demand July balance, gratuities...
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Insecurity Claims 3,193 Nigerians in Eight Months

KEY POINTS 3,083 people were reportedly killed and 3,193 abducted between January and August...
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Family Raises Alarm Over EFCC Custody of Hospitalised Executive

KEY POINTS Immanuel's family alleges he is handcuffed to his LASUTH hospital bed despite...
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NAPPS Challenges WAEC Over 2026 Results

KEY POINTS JAMB has extended the admission window to allow candidates affected by 2026...
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Niger Community Decries Dilapidated Health Centre

KEY POINTS A dilapidated primary healthcare centre in Suleja reportedly serves about 4,798 residents,...
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Boko Haram Attacks APC Governorship Candidate’s Convoy in Borno

KEY POINTS Suspected Boko Haram insurgents detonated a landmine under a police armoured vehicle...
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Oworonshoki Demolition Victims Still Homeless After Three Years

KEY POINTS Hundreds of Oworonshoki demolition victims remain homeless three years later. MOTION alleges...
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Soldiers Disperse AAUA Students Protesting Prolonged Strike

KEY POINTS AAUA students protested prolonged ASUU and JAC strikes disrupting academic activities. Soldiers...
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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.