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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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30-Year-Old Man Living With Dwarfism Passes APC Screening For Kaduna Reps Seat

KEY POINTS Mahmud Sadis Buba, a 30-year-old man living with dwarfism, has passed the...
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Boko Haram Attacks Military Bases in Yobe, Dozens of Soldiers and Policemen Feared Dead

KEY POINTS Boko Haram insurgents reportedly attacked two military bases in Yobe State around...
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Influencer Raises Alarm After Alleged Bandits Threaten Him Over Anti-Crime Campaign

KEY POINTS Nigerian influencer D English Alhaji alleged that suspected bandits threatened him during...
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LUTH Faces Corruption Allegations as Senior Official Demands Probe

KEY POINTS A senior LUTH official accused the hospital management of corruption, procurement violations,...
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Lagos Government Closes Part of Eko Bridge for Urgent Repairs

KEY POINTS Lagos Government has shut the outbound section of Eko Bridge for urgent...
Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
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NECA queries NNPC-China refinery deal, cites $25bn spend

NECA Director-General Adewale-Smatt Oyerinde questioned NNPC's new MOU with Chinese firms, demanding accountability for the $25 billion already spent on failed refinery rehabilitations.
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Nigeria FMCG firms carry N1.96trn debt, Dangote Sugar leads

Nigeria's top 10 FMCG companies carried a combined N1.96 trillion in debt in 2025, with Dangote Sugar leading the pile at N725.31 billion.
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Audu orders 2-day clean-up of Lagos port corridors

PEBEC will launch a two-day clean-up of the Apapa and Tin Can port corridors on May 14 and 15 to ease cargo flow.
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Jonathan eyes PDP for 2027 as groups scramble for form

Former President Goodluck Jonathan plans to use the PDP for a 2027 presidential bid as nine groups scramble to buy his N100 million nomination form.
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Court Postpones ADC Leadership Suit Indefinitely as Bala Seeks New Judge

KEY POINTS A Federal High Court in Abuja adjourned indefinitely the ADC leadership suit...
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Rano Air Suspends Some Flight Routes as Rising Fuel Prices Hit Operations

KEY POINTS Rano Air suspended some flight routes due to a 300% increase in...
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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.