News

Ex-Governor Timipre Sylva Dumps APC, Accuses Tinubu Govt of ‘Irredeemable Iniquities’

Sylva’s resignation, contained in a letter dated August 31, 2026, addressed to the APC Chairman in Ward 4, Brass Local Government Area of Bayelsa State, comes amid an ongoing legal battle arising from Federal Government allegations that he was involved in an alleged plot to overthrow the Tinubu administration.

Marine, Blue Economy Agencies Generate N1.83tn as Revenue Surges 160%

Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this while presenting the ministry’s three-year scorecard in Abuja, attributing the increase to regulatory reforms, stronger revenue assurance, digitisation and measures introduced to eliminate financial leakages.

Geregu’s Bond Default: Where Was the SEC?

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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.

NDC, INEC Biker Over Alleged Candidates’ Substitution

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.

Tinubu’s Foreign Trips, Logistics Cost N37.64bn as Travels Hit 52

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.

Internal Control Gaps Pose Reputational Challenge for Stanbic IBTC

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.

2027: ‘No Going Back on Tinubu’s Endorsement’ — Gov Adeleke Vows, Assures 1.5m Osun Votes for APC

Governor Ademola Adeleke has assured the APC that his endorsement of President BolaTinubu for the 2027 presidential election is firm, with the governor expected to join the campaign for the President’s re-election. APC National Secretary, Senator Ajibola Basiru,...

NiMet Warns of Thunderstorms, Flash Floods as Rainfall Intensifies Across Nigeria

NiMet forecasts thunderstorms and moderate rains across several states and the FCT from Monday to Wednesday, with the entire southern region expected to experience rainfall later in the day. The weather agency warns that strong winds may precede...

‘Tinubu Would Have Been Arrested If He Were Involved in Drug Trafficking’ — US Lawyer Responds to Critics

Afolabi made these remarks during an appearance on Channels Television’s Sunday Politics, where he defended Tinubu's ongoing legal challenge regarding records held by the United States Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Drug Enforcement Administration (DEA).

Dangote Refinery May Cut Petrol Sales to Importing Marketers Over Quality Concerns

The proposed measure could take effect as early as this week, subject to further consultations and possible intervention, according to sources familiar with the refinery’s position.