The Centre for the Promotion of Private Enterprise (CPPE) has strongly criticised the World Bank’s recommendation that Nigeria should increase the importation of petroleum products and food, warning that such a move could reverse recent economic gains and weaken the country’s push for self-sufficiency. In a statement issued on Sunday, CPPE Chief Executive Officer, Dr …
In its continued fight against drug trafficking, the National Drug Law Enforcement Agency (NDLEA) has arrested a 93-year-old man, a 69-year-old medical doctor, and several other suspects linked to cocaine and cannabis trafficking networks across the country. In a statement on Sunday, the NDELA Director of Media and Advocacy, Femi Babafemi, disclosed that the arrests …
A review of Zenith Bank Plc’s 2025 audited financial statements reveals a year marked by numerous risks, pressure on profits, and new challenges in business operations. Although the bank grew in size and strengthened its financial position, from difficult accounting decisions to risks linked to climate change, the bank’s performance was influenced by five major …
The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, on Saturday led a high-level federal delegation to Kano State for the wedding fātiha ceremonies of the sons of the Minister of State for Housing and Urban Development, Yusuf Abdullahi Ata. According to a press statement signed by Badamasi Haiba, Director, Press and Public Relations …
A Turkish drilling ship has docked at the port of Mogadishu ahead of Somalia’s first offshore oil exploration project, marking a major milestone in energy cooperation between Turkey and Somalia. The vessel, named Cagri Bey, arrived in Somali waters on Thursday and berthed at the capital’s port on Friday, according to officials from both countries. …
The Nigeria Customs Service (NCS), Federal Operations Unit, Zone C, Owerri, has intercepted a truckload of illicit drugs valued at over N1 billion along the Okada/Ofosu Expressway in Benin City, Edo State. The seized items include 1,025,000 tablets of Tramadol and 10,000 bottles of Barcadin Codeine Syrup (100ml each), marking a significant breakthrough in the …
The Federal Government, through the Nigeria Sanctions Committee (NIGSAC), has released an updated sanctions list naming 48 individuals and organisations allegedly involved in terrorism financing across the country. At the top of the list are detained newspaper publisher Tukur Mamu, the Indigenous People of Biafra (IPOB), Jama’atu Wal-Jihad, Ansarul Sudan (Ansaru), and the Islamic State …
The Nigerian Government has approved sweeping tariff reductions on key imports, including vehicles, rice, palm oil and sugar, as part of its 2026 fiscal policy aimed at stimulating economic growth and supporting critical sectors. In a circular issued by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Federal Government confirmed …
The Nigerian Economic Summit Group (NESG) has cautioned the Federal Government against reversing fuel subsidy reforms, warning that such a move could destabilise the economy and undermine recent gains. Speaking during a media briefing on Friday, NESG Head of Research, Dr. Joseph Ogebe, described 2026 as a “make-or-break” year for Nigeria, stressing the urgency of …
A group of data protection advocates has sued the Central Bank of Nigeria (CBN) over a controversial directive restricting Nigerians to a one-time change of phone numbers linked to their Bank Verification Numbers (BVN), arguing that the policy is unconstitutional and exposes millions to fraud risks. According to a report by The Nigerian Lawyer on …
