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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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Adeleke Dethrones Osun Monarch Jailed in US Over COVID-19 Fraud

KEY POINTS Governor Ademola Adeleke has removed the Apetu of Ipetumodu after his conviction...
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Tinubu Appoints Fadewa as Homeland Security Adviser

KEY POINTS President Tinubu has appointed retired Major General Adeyinka Fadewa as Special Adviser...
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Ex-Jigawa Lawmaker Dies in Bandits’ Captivity

KEY POINTS Former Jigawa lawmaker Abba Anas died while in bandits’ captivity after being...
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AltBank rolls out non-interest financing for drug makers

AltBank's Jekwu Ozoemene unveiled tailored non-interest financing for Nigerian pharmaceutical manufacturers, aiming to cut Africa's 97 percent dependence on drug imports.
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Onitsha residents back Obi for 2027 as NDC zones to South

Onitsha residents rallied to endorse Peter Obi's 2027 presidential bid after the Nigeria Democratic Congress zoned its presidential ticket to Southern Nigeria.
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FG Sets 150 as Minimum Cut-Off Mark for University, Nursing Admissions in Nigeria

KEY POINTS The Federal Government approved 150 as the minimum cut-off mark for universities...
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NESG warns Nigeria’s debt strain persists despite stability

NESG warned that Nigeria's debt strain persists as the federal government's 2026 borrowing plan climbed to N29.2 trillion despite headline stability indicators.
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Over 40 Nigerian Fishermen Feared Dead After Chad Air Strikes on Boko Haram

KEY POINTS More than 40 Nigerian fishermen are feared dead after Chadian air strikes...
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FG Removes JAMB Requirement for NCE Admission

KEY POINTS The Federal Government has removed UTME as a requirement for admission into...
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Tinubu’s $1.25bn World Bank loan nears June approval

Nigeria's $1.25 billion World Bank loan for investment and jobs is set for a June 26 approval vote, pushing total public debt past N160 trillion.
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UNIBEN Student Killed After Exam as Police Arrest 12 Suspected Cultists in Edo

KEY POINTS A UNIBEN student was shot dead by masked gunmen shortly after writing...
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Shettima Reacts To Moniepoint CEO’s Claim On Lack Of Skilled Nigerians

KEY POINTS Vice President Kashim Shettima called for stronger partnerships between universities and industries...
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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.