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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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Adedokun’s BPP bars unapproved contract variations across MDAs

BPP DG Adebowale Adedokun barred MDAs from processing upward contract revisions without a Bureau certificate, closing a long-standing channel for cost inflation and corruption.
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Ajaero brands Nigeria’s power sector the country’s ‘biggest scam’

NLC President Joe Ajaero branded Nigeria's power sector the biggest scam in the country, saying privatization failed to lift generation past 4,000 megawatts.
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Bamidele vows Senate will fast-track state police after Oyo, Borno abductions

Senate Leader Opeyemi Bamidele vowed to fast-track state police legislation after gunmen abducted 87 students and teachers in Borno and Oyo within 24 hours.
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Hayatu-Deen vows not to step down for Atiku, Amaechi

ADC presidential aspirant Mohammed Hayatu-Deen vowed not to step down for Atiku Abubakar, Rotimi Amaechi or anyone, pledging to reverse Nigeria's two-decade economic decline.
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Suspected Gas Leak Sends Ogun Students to Hospital, Sparks Panic in Ijebu Ode

KEY POINTS Several students were hospitalised after a suspected gas leak at Anglican Girls...
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Gunmen Kill Teacher, Abduct Principal and Students in Oyo School Attack

KEY POINTS Gunmen attacked Community High School in Oriire LGA of Oyo State, killing...
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Prominent Nigerian Scholar Samuel Osoba Dies at 92

KEY POINTS • Renowned academic Samuel Olusegun Osoba has died at the age of 92...
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Tinubu Government Orders Urgent Repairs on Cracking ₦16.7bn Mokwa Bridge Project After Public Outcry

KEY POINTS • Federal Government reportedly ordered emergency repairs after cracks appeared on the newly...
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Soldier Allegedly Shoots Senior Colleague Dead After Argument in Kano

KEY POINTS • A Nigerian soldier allegedly shot and killed a senior colleague during an...
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Gunmen Kill Two Customs Officers in Kebbi Community Attack

KEY POINTS • Two customs officers were killed during an attack by suspected Lakurawa terrorists...
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Many Injured as Gunmen Attack Communities Near FUTO in Imo State

KEY POINTS • Several residents were injured after gunmen attacked communities in Owerri West Local...
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Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.
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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.