News

Alleged Coup Plot: Trial of Five Accused of Concealing Fugitive Ex-Governor Timipre Sylva Stalled as Court Adjourns to October

The Federal High Court in Abuja has adjourned until October 5 the trial of five men accused of concealing the whereabouts of former Bayelsa State Governor, Timipre Sylva, after proceedings could not commence because the court did not...

Nigeria’s External Reserves Exceed $52bn, Beating CBN’s 2026 Forecast

Nigeria's external reserves rose to $52.02bn on July 20, marking their highest level since January 2009 and exceeding the Central Bank of Nigeria's projected reserve target for the end of 2026. The country's reserves have expanded by about...

5 Big Market Stories You Need to Know This Week

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CBN Holds at 26.5%, rates remain unchanged as food inflation hits 17.52%. Banking index jumps 9.30%, led by First HoldCo’s 38.7% surge. BUA Cement drops 9.99%, dragging down industrial stocks. Wall Street gains on trading; consumer credit reports...

New York Mayor Backs Down on Netanyahu Arrest Pledge, Admits City Lacks Legal Authority

New York City Mayor Zohran Mamdani concedes that his administration has no legal authority to execute the International Criminal Court's arrest warrant against Israeli Prime Minister Benjamin Netanyahu despite previously vowing to do so. The mayor renews allegations...

How to Apply for FG’s Loan for Laptops, Smartphones, Others

The Federal Government launched the C.L.I.C.K.D. programme (Credit for Laptops, Internet, Connectivity and Knowledge Digital Devices Programme) to give Nigerians credit-based access to work tools. Unveiled in Abuja by Communications Minister Dr. Bosun Tijani alongside CREDICORP Managing Director...

NNPCL Faces Scrutiny Over N7.13tn Energy Security Spending

NNPCL's audited 2024 financial statements have sparked fresh scrutiny after revealing N7.13tn in energy security spending. The ADC and former Vice President Atiku Abubakar have questioned the spending, arguing that the figures raise fresh concerns over transparency. Energy...

Gunmen Strike in Rivers, Kill OSPAC Commander, Three Women

Suspected gunmen have killed the Omoku Zone Commander of the Onelga Security Peace and Advisory Committee (OSPAC), Comrade Ozoemela Stephen Wokocha, in a deadly attack in Omoku, Rivers State. Three women were also shot dead during the attack,...

Reps Seek Compensation as South African Businesses Shut Over Xenophobic Attacks

The House of Representatives has launched an investigation into the human and economic losses suffered by Nigerians in repeated xenophobic attacks in South Africa Lawmakers also urged stronger diplomatic engagement to safeguard Nigerians in South Africa amid renewed...

ICPC Reclaims Abandoned $65m Abuja Housing Estate, Returns Forfeited Land to FMBN for Completion of 962 Homes

ICPC formally hands over a forfeited Abuja housing estate to FMBN after securing a final Federal High Court order, paving the way for the completion of 962 affordable housing units abandoned for years. The estate project stalled after...

FG Targets $1tn Economy with Fresh Business Reforms, Faster Approvals, Investor Push

PEBEC says reforms have shifted from policy design to execution, with faster approvals, regulatory reforms and digital government services now taking centre stage. New initiatives, including ReportGov, port reforms and regulatory impact assessments, are aimed at reducing business...