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President Bola Ahmed Tinubu has congratulated the President-elect of the Republic of Benin, Romuald Wadagni, on his victory at the just concluded elections. Romuald Wadagni, who served as the country’s minister of finance, secured a majority of the vote in the presidential election held on April 12. According to a statement by a presidential spokesperson, ...
Crime
The Nigerian Correctional Service in Yobe State has declared a convicted inmate, Dahiru Mohammed, wanted after he fled the scene of a road crash while being conveyed from Potiskum to Damaturu, the state capital. This was disclosed in a statement issued by the state command’s Public Relations Officer, Abdullahi Adamu, on Wednesday. “The general public ...
Business
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final process of winding down 89 defunct Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) across the country following their acquisition by new owners. In a statement released on Wednesday, the Corporation disclosed that the affected institutions were among the 183 banks comprising 179 MFBs and ...
Capital Market
Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of the Ecobank Group, has announced a final dividend of 0.16 US cents per ordinary share for the financial year ended December 31, 2025. According to a notice issued on Wednesday by the Company Secretary, Madibinet Cisse, the dividend is subject to shareholder approval at the upcoming ...
Capital Market
The Nigeria Infrastructure Debt Fund (NIDF) has maintained a solid performance throughout the first quarter of 2026, posting resilient asset levels and sustaining its reputation for steady income distribution. According to its unaudited quarterly report for the period ended March 31, 2026, the fund’s total assets stood at ₦137.46 billion, remaining broadly flat compared to ...
Business
The International Monetary Fund (IMF) has raised an alarm over the precarious state of global public finances, warning that a cycle of repeated economic shocks has severely depleted the fiscal space available to governments worldwide. The IMF Managing Director, Kristalina Georgieva, speaking at the IMF-World Bank Spring Meetings in Washington, D.C., stressed that the ability ...
Money market
The International Monetary Fund (IMF) has warned countries against providing fuel subsidies despite the global rise in energy prices. Rodrigo Valdes, the IMF’s fiscal affairs chief, issued this guidance on Wednesday during the IMF and World Bank Spring Meetings in Washington, D.C. He urged nations to move away from subsidies and instead help citizens navigate ...
Economy
The Federal Government has released the 2026 Annual Flood Outlook (AFO), predicting possible floods in hit Lagos, Bayelsa, Delta, Adamawa, Kebbi and 28 other states. This was disclosed in a keynote address by the Minister of Water Resources and Sanitation, Engr Joseph Utsev, at the AFO public presentation at the Presidential Banquet Hall, Abuja. Utsev ...
News
The chairman of Independent Electoral Commission (INEC), Professor Joash Amupitan, has come under pressure following the emergence of a controversial social media post allegedly linked to him. Last week Friday, the social media was awash after an X account purportedly belonging to Amupitan resurfaced online. The account was said to have expressed support for President ...
Politics
Veteran journalist and publisher Dele Momodu says recent political maneuvers by President Bola Tinubu and the ruling All Progressives Congress (APC) are inadvertently boosting the popularity of the African Democratic Congress (ADC) among Nigerians. Speaking on Politics Today on Channels Television, Momodu accused the APC of undermining opposition parties, adding that such tactics were backfiring. ...
Health
The Abia State Government is set to benefit from a World Bank $250 million health security grant aimed at strengthening disease preparedness, emergency response, and healthcare delivery in Nigeria. This was made known on Monday by the Commissioner for Information, Okey Kanu, while briefing journalists on the outcome of the State Executive Council meeting presided ...
Money market
...as Tinubu unveils new NRS headquarters after over 20 years of delay Nigeria's revenue collection has surged by 322.06% to reach a record ₦28.7 trillion by the end of 2025, the Nigerian Revenue Service (NRS) has revealed. Speaking at the official commissioning of the corporate headquarters of the NRS in Abuja yesterday, the Executive Chairman of the NRS, Dr ...
Money market
...set to pay N2 interim dividend Guinness Nigeria PLC has achieved a landmark milestone, surpassing the ₦1 trillion mark in market capitalisation on the Nigerian Exchange (NGX), underscoring strong investor confidence and a sustained track record of value creation. As of April 10, 2026, the company’s market capitalisation stood at approximately ₦1.01 trillion, with an ...
News
The minister of interior, Dr. Olubunmi Tunji-Ojo, has restated that the government remains committed to inter-agency collaboration, innovation, and national development, vowing to provide visa support ahead of the 2026 African International Defence Exhibition (AFRIDEX). Tunji-Ojo stated this in his office when he received the delegation of AFRIDEX 2026 led by Major General Umar Alkali ...
Aviation
The Nigerian Civil Aviation Authority (NCAA) has issued warning to airlines against keeping passengers stranded for hours under false assurances. In a statement posted on his X account on Tuesday, the NCAA spokesperson, Michael Achimugu, charged airlines’ operators to provide accurate and timely information to travellers on their journey. “Airlines should, please, ensure to let ...
News
A Federal High Court sitting in Kaduna has granted bail to former governor Nasir El-Rufai of Kaduna State. Justice Rilwan Aikawa delivered the ruling on Tuesday following arguments from both the defence and prosecution team. El-Rufai’s lead counsel, Oluwole Iyamu (SAN), had argued that bail was a constitutional right and that his client had strong ...
Int'l News
President John Mahama of Ghana has declared that his country’s stability and prosperity are closely tied to Nigeria’s success, revealing that he often prays against failure in Africa’s most populous nation to prevent a massive migration crisis. Speaking at the African Heritage Awards 2026, Mahama highlighted the deep historical, cultural, and security links between the ...
Economy
Ecobank Group has announced a robust financial performance for the year 2025, recording the sum of N904.7 billion profit after tax. This was disclosed in the bank’s audited financial statement released on Friday, April 10, 2026 by its Chief Executive Officer Jeremy Awori and its Executive Director and Chief Financial Officer, Ayo Adepoju. The pan-African ...
Politics
Iyabo Obasanjo, the daughter of former president Olusegun Obasanjo has suspended her aspiration to join the Ogun state governorship election in 2027. She announced the development in a statement on Monday night, saying that her decision was sequel to the endorsement of Senator Solomon Adeola better known as Yayi as the consensus candidate of the ...
Politics
Despite the ongoing leadership dispute with the Independent National Electoral Commission (INEC), the ADC has confirmed it will proceed with its convention as scheduled for tomorrow at an event centre in Abuja. In an update via its official X handle, the party announced it has secured the Rainbow Event Center in Abuja as the venue ...
