The Securities and Exchange Commission (SEC) has disclosed that Nigerians have lost an estimated N300.2 billion to Ponzi and illegal investment schemes in recent years, sparking intensified enforcement and heightened investor-protection efforts. AbdulRasheed Dan-Abu, Head of Fintech and Innovation at the SEC, revealed the figure during the Commission’s 2025 Journalists Academy in Abuja on Thursday. …
The tax credit to Oando Plc rose by 303 per cent to ₦181.85 billion in the third quarter of the year amid the company’s poor financial performance over the past years. A review of its financial statement for the nine months ended September 30, 2025, released on Thursday, October 30, revealed that the tax credit …
History was made in the medical training field on Wednesday, as Chrisland University, Abeokuta, Ogun State, presented and awarded the first Doctor of Physiotherapy in Nigeria and West Africa at its 7th convocation ceremony. Also, Popoola Israel Oladayo, a graduate of Criminology and Security Studies from the College of Arts, Management and Social Sciences, was …
President Bola Ahmed Tinubu has decorated the newly appointed service chiefs with their elevated military ranks, formally empowering them to take full command of the nation’s Armed Forces. In the ceremony, held in Abuja, Gen. Olufemi Olatubosun Oluyede was elevated from lieutenant general to general and confirmed as chief of defence staff. Chief of Army …
An early-morning fire on Thursday damaged part of the popular Jabi Lake Mall in the Federal Capital Territory, sparking panic among security personnel and responders. The fire, which reportedly started around 3:00 a.m., gutted the Adidas sports store within the complex. Firefighters from the Federal Fire Service, the Berger Fire Department, and the FCT Fire …
The United States and China have struck a fragile truce in their long-running trade war, with President Donald Trump announcing tariff reductions in exchange for renewed Chinese cooperation on fentanyl control, agricultural trade, and rare earths supply. Speaking to reporters after face-to-face talks with President Xi Jinping in Busan, South Korea, Trump hailed the meeting …
As Nigerian electricity Distribution Companies (DisCos) prepare to renew their operational licences in 2028, the federal government has announced plans to introduce a minimum capital adequacy requirement. Minister of Power, Adebayo Adelabu, who made this known at the Nigeria Energy Forum in Lagos, said the aim is to strengthen the financial health of DisCos and boost …
The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit. The lawmakers also gave the green light for the issuance of a $500 million debut sovereign sukuk in the international capital market to fund key infrastructure projects and broaden Nigeria’s financing sources. The …
Special assistant on media and public affairs to former minister of state for petroleum, Chief Timipre Sylva, Chief Julius Bokoru, has dismissed rumours linking his principal to any coup plot in Nigeria, describing the claims as baseless and politically motivated. In a statement released on Wednesday, Bokoru said some desperate and self-centred politicians were behind …
Nigeria’s newly appointed service chiefs formally assumed office in Abuja on Thursday, pledging renewed determination to tackle terrorism, banditry, and other security threats confronting the nation. Their assumption of duty follows unanimous confirmation by the National Assembly on Wednesday. Those now taking charge include: READ ALSO: Senate Begins Screening of Newly Appointed Service Chiefs Lt.-Gen. Olufemi …
