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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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Bandits Kill Political Aspirant’s Brother in Katsina Night Attack

KEY POINTS Bandits killed the brother of a political aspirant during a night attack...
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Yobe Community Forced to Use Classroom as Hospital

KEY POINTS Lewe Primary Health Care centre in Yobe has been abandoned for over...
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Concern Grows as Social Media Critic ‘Justice Crack’ Goes Missing After Abuja Meeting

KEY POINTS Social media critic Justice Mark Chidiebere went missing in Abuja after attending...
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Labour Party Elects Nenadi Usman as National Chair Ahead of 2027 Elections

KEY POINTS Nenadi Usman has been elected as National Chairman of the Labour Party...
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Reps Approve Tinubu’s $516 Million Loan for Sokoto–Badagry Super Highway

KEY POINTS The House of Representatives approved President Tinubu’s $516.3 million loan request from...
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Tinubu Leads 2027 Race as Faleke Picks Up APC Presidential Nomination Form

KEY POINTS President Bola Tinubu is the first to obtain the APC presidential nomination...
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APC Aspirant Ajose Accuses Hamzat of Avoiding Primaries, Rejects Consensus Push

KEY POINTS Ajose rejects the APC’s consensus plan, insisting all aspirants must agree before...
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ISWAP Claims Deadly Attack on Adamawa Community That Killed Dozens

KEY POINTS ISWAP claimed responsibility for an attack in Adamawa that killed at least...
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Nigerian Tech Firm Launches Drones to Boost Fight Against Insurgency

KEY POINTS Terra Industries unveiled drones, mine-clearing vehicles, and intelligence software to support Nigeria’s...
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Court Stops MTN and Airtel from Blocking Airtime Loan Services

KEY POINTS MTN and Airtel have been restrained from suspending airtime lending services pending...
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“6 in 10 Nigerian University Students Linked to Cybercrime — EFCC Raises Alarm

KEY POINTS EFCC reports that 60% of Nigerian university students may be involved in...
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Raw exports mean we’re exporting jobs, RMRDC chief warns

RMRDC Director-General Nnanyelugo Ike-Muonso says Nigeria must abandon raw material exports for value addition and innovation if the country wants a real industrial renaissance.
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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.