Former Labour Party presidential candidate, Peter Obi, has criticised President Bola Tinubu, describing him as a “destroyer of democracy” and suggesting his administration compares unfavourably with the military era of Sani Abacha. Obi, who is now aligned with the African Democratic Congress (ADC), made the remarks on his official X account on Thursday. He said …
Chairman of the African Democratic Congress (ADC), David Mark, has accused President Bola Tinubu of undermining democratic freedoms, warning that the trend poses a serious threat to Nigeria’s democracy. Addressing a world press conference in Abuja, Mark said although Nigeria has operated under democratic rule since 1999, recent developments suggest a reversal of the gains …
The All Progressives Congress (APC) has blamed the African Democratic Congress (ADC) for its deepening leadership crisis, dismissing allegations that the ruling party is behind the turmoil. The response follows comments by ADC National Chairman David Mark, who accused President Bola Tinubu of attempting to weaken opposition parties. Mark spoke after the Independent National Electoral …
Nigeria’s long-standing debate over state policing has gained renewed momentum, as policymakers and security experts intensify discussions on how to decentralise the country’s security architecture to address escalating insecurity across the federation. The proposal, which has been widely discussed for years, now appears to be entering a more active phase under the current administration. President …
Commissioner of Police, FCT Command, Ahmed Muhammed Sanusi, has presented Group Life Assurance, Group Personal Accident, and Family Welfare Support cheques to the families and next of kin of 79 fallen officers. He made the presentation on Thursday, April 2, 2026, at the FCT Police Command Headquarters in Garki II, Abuja. The event formed part …
The Nigerian Naira maintained a relatively stable performance against the United States Dollar on Thursday, April 2, 2026, as improved liquidity and sustained policy support continued to underpin gains recorded at the start of the new quarter. At the Central Bank of Nigeria-regulated Nigerian Foreign Exchange Market (NFEM), the Naira traded at an average of …
Nigeria has exported the first cargo of its newly introduced Cawthorne crude grade, with approximately 950,000 barrels en route to India's Sikka port. A report by Platts, part of S&P Global Energy, said a spokesperson for the Nigerian National Petroleum Company (NNPC) Limited confirmed the development, saying the shipping was done during the weekend following regulatory approvals …
The Nigeria Sovereign Investment Authority (NSIA) has announced a record-breaking financial performance for the 2025 fiscal year, posting a Core Total Comprehensive Income of ₦478.8 billion, the highest since its establishment. The figures were unveiled on Thursday, 2nd April 2026, during the Authority’s 2025 Earnings Presentation and Media Parley held in Abuja, where top management …
DEAP Capital Management & Trust Plc (DEAPCAP) has received an additional ₦2 billion in capital injection from Banklink Africa Private Equities Limited, bringing the total funds received under a ₦6 billion funding commitment to ₦3 billion. DEAPCAP announced this in a notice sent to the Nigerian Exchange Limited (NGX) on Thursday, April 2, 2026. This …
Commercial banks in Nigeria are tilting their lending portfolios in favour of the oil and gas sector, offering more competitive credit terms to energy firms while agriculture and manufacturing continue to face relatively higher borrowing costs. Data released by the Central Bank of Nigeria (CBN) as of March 20, 2026, show that although many lenders …
