HomeNews

News

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.

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.

Keep exploring

Ezeagu Residents Demand Probe Into ₦7.35bn Council Allocations

KEY POINTS Ezeagu received ₦7.35bn in FAAC allocations in 2024 and 2025, residents say. ...

Eha-Amufu Communities Remain Deserted Four Years After Deadly Attacks

KEY POINTS Four years after the attacks, several Eha-Amufu farm settlements remain largely deserted. ...

Lagos Police Deny Tear-Gassing Pensioners, Call Viral Photo AI-Generated

KEY POINTS Lagos Police say about 500 pensioners protested peacefully over unpaid pensions and...

Kwara Hunters Repel Bandit Attack, Kill One

KEY POINTS Hunters and vigilantes repelled four suspected bandits who attacked Olokin community in...

Police Rescue 10 Abducted NYSC Members in Kogi

KEY POINTS Police rescued 10 more NYSC members abducted along a highway in Kogi. ...

Festac Residents Plan Protest Over Fence Demolition

KEY POINTS Festac residents plan a peaceful protest over the alleged demolition of their...

Tinubu Begins Three-Week London Vacation, Shettima to Take Over

KEY POINTS President Bola Tinubu has left Nigeria for a three-week annual vacation, beginning...

Two Killed in Lagos Cinema Machete Attack

KEY POINTS Two people died after a machete and knife attack at Filmhouse IMAX...

NDLEA Raids Port Harcourt Drug Den, Seizes Cocaine and Heroin

KEY POINTS NDLEA raided a Port Harcourt drug den and recovered cocaine, heroin and...

Gunmen Abduct NYSC Members in Kogi, 11 Rescued

KEY POINTS Gunmen attacked two buses carrying passengers, including NYSC members, along the Aloma-Egane...

APC LG Chairman Shot Dead Along Kogi Highway

KEY POINTS APC Chairman in Dekina LGA, Ishaq Yunusa, was shot dead along the...

Air Peace Flight Returns to Lagos Over Poor Visibility at Asaba Airport

KEY POINTS Air Peace flight P47860 returned to Lagos after poor visibility around the...

Latest articles

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.

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.

“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.

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.