Tension in Senate as Natasha Labels Akpabio Dictator
Senator Natasha Akpoti-Uduaghan has officially returned to the Senate, after a six-month suspension. She resumed after the Deputy Director of the National Assembly Sergeant-at-Arms, Alabi Adedeji removed the seal on her office. In a media chat, Natasha referred to the Senate President/Governor Godswill Akpabio as a “dictator.” She accused the leader of the senate of […]
Nigerian Business Icon Olorogun Oscar Ibru Dies at 67
Olorogun Oscar Ibru, a ubiquitous Nigerian businessman and the Chairman of the Ibru Organisation, has died at 67. It was confirmed by family sources that he died after a short illness. Ibru was born on August 11, 1958, and was the first son of the late Michael Ibru, the founder of the Ibru Organisation. He […]
INEC Publishes Final List of 17 Candidates for FCT Council Election
The Independent National Electoral Commission (INEC) has published the final list of 17 confirmed candidates to contest the Federal Capital Territory Area Council elections that will hold on February 12, 2026. This information was confirmed to the media in Abuja by Sam Olumekun, National Commissioner and Chairman, Information and Voter Education Committee. He explained the […]
CBN Cuts Interest Rate to 27% – First Rate Reduction in recent years
The Central Bank of Nigeria (CBN) has reduced the policy interest rate by 50 basis points (the MPR) i.e from 27.5% to 27%. This reduces the policy interest rate for the first time since the CBN had been engaged in a tightening policy for the past 5 years. This is a huge turning point in […]
Refinery Shutdowns Linked to Supply Failures, Says PENGASSAN President
Festus Osifo, President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has provided insight about the reason the Nigerian National Petroleum Company (NNPC) refineries are not operational. He emphasized that the refinery closures are actually not due to catastrophic failures, rather poor material balance. He explained that crude oil feedstock, spare parts […]
CBN Recapitalisation: 14 Banks Now Fully Compliant — Cardoso
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced at the recently held Monetary Policy Committee meeting in Abuja that 14 Banks have reached the apex bank’s new capital requirements. He remarked that most financial soundness indicators are still within the bank’s acceptable limits. The recapitalisation exercise, aimed at strengthening the financial system, […]
PSG’s Dembele Wins Ballon 2025 d’Or in Emotional Triumph
Paris Saint-Germain’s Ousmane Dembele has won the 2025 Ballon d’Or, finishing ahead of Lamine Yamal of Barcelona and Dembele’s PSG teammate Vitinha. This was the climax of a season in which he played a key part for PSG in their historic soccer campaign. Dembele played a key part as PSG won their first UEFA Champions […]
Court to Decide on Nnamdi Kanu’s ‘No-Case’ Submission September 26
The Federal High Court of Nigeria in Abuja has now changed the date for the ruling on the “no-case” submission filed by Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB). Kanu, the leader of the Indigenous People of Biafra (IPOB). Justice James Omotosho announced that he will deliver a decision on Kanu’s […]
World Bank Announces $510m Deal to Attract Global Financing
The World Bank has announced a $510 million securitization business deal aimed at attracting private capital to developing countries. The deal, which is being implemented by its private sector arm, is designed to generate new financing for critical infrastructure and other projects that stimulate growth. The cash streams will be securitized and sold to investors […]
Government introduces pension-backed loans for retirees and pensioners
The Federal Government has launched a pension-backed loan scheme targeted at easing credit access for retirees and pensioners across the country. The program will be implemented through the Nigerian Consumer Credit Corporation (CREDICORP) in partnership with Leadway Trustees. Pension-backed loans will be available to retirees starting at ₦50,000, with additional amounts based on the income […]