Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has raised concerns that Nigeria is having a shortfall of 360,000 barrels daily and losing at least ₦28.3 trillion annually in additional revenue as oil prices have surged above $100 per barrel due to the ongoing war involving the United States, Israel, and …
Panic and tension have gripped residents of Plateau State following a deadly Sunday night attack on the Agwan Rukuba community in the Jos North Local Government Area. Gunmen, reportedly riding on motorcycles, stormed the area around 7:30 p.m., opening fire indiscriminately on residents who were going about their normal activities. Eyewitness accounts indicate that the …
The Centre for the Promotion of Private Enterprise (CPPE) says Nigeria’s bank recapitalisation has strengthened the financial system but warns that without increased lending to businesses, the exercise will have little impact on the real economy. It gave the warning in a statement issued on Sunday, March 29, by its Chief Executive Officer, Muda Yusuf, …
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has said Nigeria’s capital market is yet to unlock its full potential, calling for urgent collaboration among regulators, investors and issuers to drive sustainable growth and global competitiveness. Speaking at the Emerging Africa Capital Limited Investor Summit & Awards, Agama said while recent reforms …
Bank of America has agreed to pay $72.5 million to settle a civil lawsuit filed by women who accused the bank of aiding Jeffrey Epstein’s sexual abuse. Court records showed that the agreement followed a “settlement in principle” reached earlier this month, though the terms were not initially disclosed. The settlement still requires approval from …
As the Central Bank of Nigeria's (CBN) recapitalisation deadline closes on March 31, 2026, Nigeria’s banking sector is entering a new phase, with attention shifting from capital raising to the real economic impact of the exercise. The recapitalisation programme, launched in March 2024 with a 24-month compliance window from April 1, 2024, is designed to …
The Minister of Defence, General Christopher Musa (retd), has urged Nigerians to embrace integrity, accountability, and commitment as key pillars of nation-building. He said Nigeria can only progress when citizens apply their skills with strong moral values. He made this call at the graduation ceremony of the Air Force Institute of Technology (AFIT) in Kaduna. …
At least 38 fighters of the Islamic State West Africa Province (ISWAP) have been killed in a coordinated ground and air operation by troops of Operation Hadin Kai in North-East Nigeria. The terrorists were neutralised in the early hours of Saturday as they attempted to launch an attack on a Forward Operating Base (FOB) in …
A coordinated effort by Nigerian security forces has successfully foiled a large-scale daytime attack by suspected bandits in Kano State, killing two assailants and recovering over 500 rustled cattle. The attempted raid occurred in Tsauri town, located in Shanono Local Government Area, where hundreds of bandits riding approximately 150 motorcycles stormed the community in a …
For many Nigerians, the daily commute has become an exhausting test of endurance, as soaring fuel prices continue to reshape livelihoods, businesses, and basic mobility across the country. The Global Catalyst: Conflict and Crude Surges While parts of the Middle East are being ravaged by the ongoing conflict involving the United States, Israel, and Iran, …
