KEY POINTS
The husband of Ummulkhairi Muhammad alleges that a police officer returned his wife to a mob shortly before she was lynched and burnt in Kaduna.
He claimed the victim sought refuge at a police station but was allegedly ordered out and handed...
KEY POINTS
Oyo Police have described as false a viral claim that abducted schoolchildren and teachers were flown to Kaduna by helicopter.
Security agencies said rescue operations are ongoing and have been intensified to secure the victims’ release.
The command warned against spreading unverified...
Finance Minister Olawale Edun on Tuesday warned against subsidy reversals at the World Bank/IMF Spring Meetings in Washington, urging developing nations to hold reform gains as global shocks intensify pressure to abandon hard-won policy progress.
The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.
Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.
Nneka Onyeali-Ikpe secured Fidelity Bank's recapitalization with a N259 billion private placement of ordinary shares on Dec. 31, 2025, pushing eligible capital to N564.5 billion and clearing the Central Bank of Nigeria's N500 billion threshold.
Nigeria's electricity regulator says the federal government absorbed N418.79bn in power subsidies in the fourth quarter of 2025, as sector losses exceeded N300bn.
Energy economist Prof. Ken Ife on Monday rejected World Bank fuel importation recommendations in its latest Nigeria Development Update, warning they violate the Petroleum Industry Act and undermine Nigeria's push for energy self-reliance.