Nigeria must move decisively from rhetoric to action if it hopes to tackle poverty, soaring debt, and weak economic growth. That was the stark warning issued by the Economic Advisory Council (EAC) of the Nigerian Economic Summit Group (NESG) during its third quarterly interactive session with journalists and stakeholders in Abuja. At the high-level meeting, …
No fewer than 11 Nigerian soldiers are in detention in Burkina Faso after their military aircraft allegedly entered restricted airspace and made an emergency landing in Bobo-Dioulasso. Reports say the soldiers travelled in a Nigerian Air Force C-130 aircraft. Burkina Faso’s military said the aircraft entered “AES airspace” without approval. Authorities forced the plane to …
The Central Bank of Nigeria (CBN) said it has granted final licenses to 82 Bureaux De Change (BDCs) to operate with effect from November 27, 2025. CBN disclosed this in a statement on Monday, December 8, by its Acting Director of Corporate Communications, Hakama Sidi Ali. CBN said it acted in line with its powers conferred …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it has commenced an unprecedented audit of 760 federal road projects valued at ₦36 trillion. The nationwide special tracking exercise is in collaboration with the Federal Ministry of Works to ensure transparency and value in public infrastructure spending. In a statement on Monday, December …
The factional Board of Trustees (BoT) aligned with Nyesom Wike in the Peoples Democratic Party, PDP, has announced a major internal restructuring effort aimed at reorganising troubled state chapters and preparing for fresh congresses and a national convention. Chairman of the factional BoT, Senator Mao Ohuabunwa, disclosed the plan at the opening session of the …
Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, has emphasised that the swift administration of justice is a critical complement to Nigeria’s military and intelligence efforts against terrorism and organised crime. Speaking at the Special Court Session marking the commencement of the 2025/2026 legal year of the Court of Appeal, Fagbemi stressed …
Nigeria is moving towards a T+1 (trade date plus one day) settlement cycle and will eventually settle for a T+0 cycle, according to the Securities and Exchange Commission (SEC). The move is part of a series of wide-ranging reforms the SEC Director-General Emomotimi Agama hinted at during the second Capital Market Committee (CMC) meeting for …
President Bola Tinubu has praised the Nigerian military for its swift intervention in the Benin Republic following an early-morning coup attempt that briefly disrupted the French-speaking West African country’s 35-year democratic rule. A statement issued yesterday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, said Nigeria acted on two separate emergency …
A Superintendent of the Nigeria Security and Civil Defence Corps (NSCDC), Hassan Abdullahi, has been sentenced to seven years in prison for offences related to certificate forgery and corrupt advantage. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it secured the conviction at the Federal Capital Territory High Court sitting in Gudu, …
The Federal High Court in Abuja has rejected an application by detained Biafra agitator, Nnamdi Kanu, seeking to be moved from the Sokoto Correctional Centre to a custodial facility closer to the Federal Capital Territory. Kanu, through the Legal Aid Council, had filed an ex-parte motion asking the court to order the Federal Government or …
