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London Court Clears Diezani Alison-Madueke of Bribery Charges

KEY POINTS A London jury acquitted former Petroleum Minister Diezani Alison-Madueke of all six bribery-related charges after a five-month trial. Prosecutors alleged she received luxury benefits from oil industry figures, but she consistently denied any wrongdoing. The verdict brings to an end an 11-year...
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Experts warn FG against costly foreign loans and VAT hike over IMF advice

Capital market operators and economists have urged the Federal Government to avoid expensive foreign loans and a VAT increase as it weighs the IMF's latest policy recommendations.

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Senate queries SEDC over N153m spent on Abuja office rent

The Senate has queried the South East Development Commission over N153m allegedly spent renting an Abuja office, demanding a full account of funds from its 2025 budget.
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Lawmakers Probe Defence Funding Amid Worsening Insecurity

KEY POINTS The House of Representatives has summoned top security and finance officials over...
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First Batch of Nigerians Repatriated From South Africa to Arrive in Lagos Thursday

KEY POINTS First batch of about 270 Nigerians evacuated from South Africa is expected...
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Oworonshoki Residents Allege Fresh Attacks, Arson Amid Demolition Crisis

KEY POINTS • Residents accuse suspected palace-linked thugs of burning homes and shops• Fresh attacks...
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Tinubu Approves N10bn Ebola Preparedness Fund

KEY POINTS • Tinubu releases N10bn to strengthen Ebola preparedness• Presidential task force established to...
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Eight Soldiers Killed in Kaduna Ambush by Suspected ‘Repentant’ Bandits

KEY POINTS Eight soldiers were reportedly killed in an ambush by suspected “repentant” bandits...
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Ayetoro Faces Extinction as Rising Ocean Waves Destroy Homes, Residents Blame Government Inaction

KEY POINTS Rising ocean waves are destroying homes, infrastructure and heritage sites in Ayetoro,...
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Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
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Agriculture records 3.15 percent GDP growth to N11.87trillion in first quarter

Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.
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Nigeria among world’s most expensive countries for airline operations, says IATA

IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.
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Sugar tax will worsen manufacturers’ plight, LCCI warns

The Lagos Chamber of Commerce and Industry warns that the Senate's Sugar-Sweetened Beverage tax bill could worsen the challenges facing Nigeria's manufacturing sector.
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Gunmen Abduct LG Worker, Filling Station Attendant in Ondo

KEY POINTS • Akure North council staff abducted at his home in Ilu-Abo• Gunmen also...
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London Court Clears Diezani Alison-Madueke of Bribery Charges

KEY POINTS A London jury acquitted former Petroleum Minister Diezani Alison-Madueke of all six...
Business

Experts warn FG against costly foreign loans and VAT hike over IMF advice

Capital market operators and economists have urged the Federal Government to avoid expensive foreign loans and a VAT increase as it weighs the IMF's latest policy recommendations.
News

Court orders Virgin Atlantic to pay N13 million for missed flight

A Lagos Federal High Court has ordered Virgin Atlantic to pay Joy Ezetah $5,906.50 in damages, plus costs, after it denied her boarding on a Lagos-London flight.
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FG moves to end open grazing, identifies 470 gazetted reserves

The Federal Government has identified 470 gazetted grazing reserves to resettle pastoralists and end open grazing and the roaming of cattle across Nigeria's cities.