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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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NCDC places Lagos, FCT, eight states on Ebola alert

The NCDC has placed Lagos, the FCT and eight other states on high Ebola alert after the rare Bundibugyo strain broke out in Uganda and DRC.
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AfDB picks Keyamo to lead $7bn aviation transformation

The AfDB has named Nigeria's Aviation Minister Festus Keyamo as African champion of a $7bn programme to modernize the continent's aviation sector, citing recent reforms.
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FG Condemns Oyo, Borno Student Abductions

KEY POINTS Federal Government condemned the abduction of students in Oyo and Borno states. ...
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US Defence Chief Links Anti-Boko Haram Operations to Protection of Nigerian Christians

KEY POINTS The US Defence Secretary said President Trump ordered operations against ISIS fighters...
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N400m School Renovation Scandal Rocks Niger Community

KEY POINTS TrackaNG says Government Day Secondary School in Diko remains dilapidated despite a...
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Family Demands Justice As Suspects In Cross River RCCG Member’s Killing Remain Free

KEY POINTS Family of murdered RCCG member Princewill Ikenna accused the Cross River judiciary...
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Nigeria, Türkiye Sign Mining Partnership Deal to Boost Solid Minerals Sector

  KEY POINTS Nigeria and Türkiye signed an MoU to strengthen cooperation in solid minerals...
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JAMB Fixes June 13 for Mop-Up UTME as Affected Candidates Get Second Chance

KEY POINTS The Joint Admissions and Matriculation Board has fixed June 13, 2026, for...
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INEC Appeals Court Ruling That Nullified Timelines for Party Primaries and Candidate Nomination

KEY POINTS The Independent National Electoral Commission has appealed a court ruling that nullified...
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Fuel prices may fall as oil drops on US-Iran talks

Nigerian fuel prices could fall in the coming days as global crude tumbles on hopes of a US-Iran deal to reopen the Strait of Hormuz.
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FG cancels $717.7m World Bank loan for power

Nigeria has cancelled $717.7m in undisbursed World Bank loan financing for its power sector, after the 2023 currency float upended the programme's reform targets.
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Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
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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.
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.