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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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Nestoil denies First Bank dividend blame, eyes legal action

Nestoil rejected reports linking it to First Bank's dividend halt, blamed a CBN forbearance directive, and threatened defamation suits against banks and media.
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Ovia Steps Down as Zenith Bank Chairman After 12 Years

KEY POINTS Jim Ovia retired as chairman of Zenith Bank after completing the mandatory...
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African nations threaten retaliation over S’Africa attacks

African nations including Tanzania, Botswana and Nigeria are threatening retaliatory action against South Africa over a fresh wave of xenophobic attacks targeting foreign nationals.
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Gunmen Abduct Two IBEDC Workers in Ogun

KEY POINTS Two IBEDC workers were abducted by gunmen while on duty in Ogun...
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NYSC Member, Three Others Killed in Bandit Attack on Katsina Highway

KEY POINTS Four people, including an NYSC member, were killed in a bandit attack...
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Boko Haram Agrees to Release 50 Hostages Amid Fears for Hundreds Still Held

KEY POINTS A faction of Boko Haram agreed to release 50 women and children...
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Police Launch Search for Abducted 17-Year-Old FUTO Student

KEY POINTS A 17-year-old student of Federal University of Technology Owerri was abducted in...
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Ayeni Remanded in Kuje Over Alleged N8bn Money Laundering Case

KEY POINTS Tunde Ayeni has been remanded in Kuje prison after pleading not guilty...
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Kano Set to Swear In New Deputy Governor Garo

KEY POINTS Murtala Sule Garo has been confirmed and is set to be sworn...
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Ogun Pilgrims Arrive Saudi Arabia as Gateway Airport Records First International Flight

KEY POINTS Gateway International Airport recorded its first international flight, transporting Ogun pilgrims for...
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Lagos Seals Malls, Hotels Over Unsafe Elevators

KEY POINTS Lagos authorities shut down multiple buildings for failing to meet elevator safety...
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Nurses Raise Alarm Over Alleged Intimidation at FMC Abeokuta

KEY POINTS Nurses’ group accuses FMC Abeokuta management of intimidation and rights suppression. Assault...
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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.
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.