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The EFCC chairman also revealed that at least five officers are currently being prosecuted for alleged corrupt practices, while case files involving other personnel are being prepared for prosecution.

Justice Akintayo Aluko, in an interim ruling, also barred the regulator, its officers, agents and representatives from sealing, shutting down, restricting access to, obstructing, suspending, disrupting, inspecting, supervising, sanctioning or otherwise interfering with the refinery’s operations pending the determination of the substantive application before the court.

The NGX All-Share Index suffered 11 consecutive losing sessions before returning to positive territory on Thursday, August 27. The rebound continued on Friday, August 28, when the index gained 0.90 percent to close at 241,298.47 points.

Kefas, who spoke while addressing Taraba citizens on Friday to commemorate the 35th anniversary of the creation of the state, said his move to the APC should not be interpreted as a betrayal of the people who elected him or an abandonment of the principles on which he assumed office.

Nigeria’s Gross Domestic Product (GDP) grew by 4.43 percent year-on-year in real terms in the second quarter of 2026, according to the latest data released by the National Bureau of Statistics (NBS).

The revelation of Geregu Power Plc default on its bond obligations shocked Nigerians when it became public in late July 2026. Consequently, the FMDQ Securities Exchange -- the market infrastructure provider -- identified Geregu’s N409.09 billion senior unsecured bond as being in "credit default" early August.

The Nigeria Democratic Congress, NDC, and the Independent National Electoral Commission, INEC, have traded blame over alleged substitution of candidates in the latest publication of names of candidates for the governorship and Assembly polls in the 2027 election.

The disclosure comes as President Bola Tinubu begins a three-week vacation in Europe, amid criticism from opposition figures over the timing of the trip and renewed questions about the cost of presidential travels.

Industry experts express concern that for a financial institution whose most valuable asset is neither its branches nor its technology but trust, repeated regulatory breaches can become considerably more expensive than the fines attached to them.

Dangote made the comments during an interview with The School of Hard Knocks, where he described wealth rankings as a distraction and pointed specifically to the value of his refinery.