Fidelity Bank Plc posted a sharp increase in impairment charges on financial assets in the first quarter (Q1) of 2026, as rising macroeconomic pressures and higher provisions for other assets weakened profitability despite strong growth in earnings and foreign exchange gains. An analysis of the bank’s financial results released on Monday shows that impairment charges …
The Nigeria Security and Civil Defence Corps has sealed factories belonging to Inner Galaxy Steel Company and Jiuxing Industry Limited following the alleged theft and illegal recycling of critical national infrastructure worth billions of naira. The Corps disclosed that the action followed court-approved operations after investigations linked the companies and their accomplices to the vandalism …
Nigeria’s economic growth slowed in the first quarter of 2026 as gross domestic product (GDP) growth fell to 3.89 per cent from 4.07 per cent recorded in the fourth quarter of 2025. This is according to data released Monday by the National Bureau of Statistics (NBS). The latest figure, however, was higher than the 3.13 …
Nigerian health influencer and medical doctor, Chinonso Egemba, popularly known as Aproko Doctor, has warned Nigerians against consuming rotten tomatoes and other fungus-infested foods, cautioning that they may expose people to dangerous toxins linked to serious health conditions, including liver cancer. In a health advisory shared on X on Monday, the medical expert cautioned against …
Former Vice President and presidential aspirant, Atiku Abubakar, on Monday cast his vote in the presidential primary of the African Democratic Congress (ADC), describing the exercise as a demonstration of democracy and a crucial step in the party’s efforts to reposition Nigeria. Atiku voted at the Ajiya Ward Polling Unit in Jimeta, Yola, Adamawa State, …
Following conclusion of primaries, the Lagos State chapter of the All Progressives Congress (APC) has released its list of candidates for the House of Representatives and the State House of Assembly ahead of the 2027 general elections. The list, announced by the state chairman, Cornelius Ojelabi, contains 24 House of Representatives candidates and 40 House …
The National Information Technology Development Agency (NITDA) has distanced itself from CPM fund recovery claims, warning Nigerians against further payments tied to what it suggested could be fraudulent activity. In a public disclaimer issued on Monday, NITDA said it received reports that affected users of the platform were told the system had been “hacked” and …
The All Progressives Congress (APC) concluded most of its governorship primaries ahead of the 2027 general election, producing 23 candidates across the country amid consensus arrangements, withdrawals, protests and logistical challenges. The exercise, conducted in 28 states, largely favoured incumbent governors, all of whom secured return tickets except Rivers State Governor Siminalayi Fubara, who withdrew …
The Nigerian Economic Summit Group (NESG) has appointed investment and entrepreneurship expert, Surayyah Ahmad, to its board as part of efforts to strengthen private sector leadership and drive sustainable economic growth in Nigeria. The appointment was approved during the organisation’s second-quarter board meeting held on May 12, according to a statement issued by NESG Chief …
Ahead of the 2026 Eid-el-Kabir celebrations, the military under the Joint Task Force North-East, Operation HADIN KAI, has placed troops on high alert across the region over fears that remnants of Boko Haram and Islamic State West Africa Province (ISWAP) terrorists may attempt to launch attacks during the festive period. The Theatre Command disclosed that …
