The Economic and Financial Crimes Commission (EFCC) has officially declared Timipre Sylva, former Governor of Bayelsa State and Minister of State for Petroleum Resources, wanted over an alleged $14,859,257 fraud involving the Nigerian Content Development and Monitoring Board (NCDMB). This was made known on the commission’s Facebook official Page on Monday evening. The EFCC notice, …
Nigeria's oil and gas revenue in 2024 fell significantly short of its budget target, showing a decline of 24.7 per cent against projected figures. The gross oil revenue for 2024 before deductions was $15.07 trillion against the $19.99 trillion budget target (a N4.93 trillion shortfall). This is according to data from the latest Budget Implementation Report …
The Nigerian Air Force (NAF) has carried out precision airstrikes that killed several ISWAP terrorists in Borno State. The strikes also destroyed bandit hideouts in Katsina and Kwara States. NAF spokesperson Air Commodore Ehimen Ejodame confirmed the operations in a statement on Monday. He said the coordinated air missions were conducted on Sunday, November 10. …
The Federal Government said it is targeting $75 million in two new investment funds under its Investment in Digital and Creative Enterprises (iDICE) programme to boost the Nigerian technology and creative sectors in 2026. It was said in a statement on Monday, November 10, by the Senior Special Assistant to the President on Media and …
An Economic and Financial Crimes Commission (EFCC) witness, Mshelia Arhyel Bata, on Monday told the Federal High Court in Abuja that no banking law was violated in the withdrawals made by the Kogi State Government during the administration of former Governor Yahaya Bello. Bata, a compliance officer who testified as the fourth prosecution witness (PW-4), …
Nigeria's recent Eurobond issuance of US$2.25 billion has caught the attention of financial experts and investors alike. While the bond was oversubscribed, meaning there was strong investor demand, the coupon rate of 9.125% for the 10-year tranche and 9.625% for the 20-year tranche raises a few eyebrows. This rate appears to be on the higher …
The Oyo State High Court sitting in Ibadan has again adjourned the hearing of a suit challenging the Peoples Democratic Party’s (PDP) planned National Convention. The case, presided over by Justice Ladiran Akintola, was postponed to Wednesday, November 12, 2025, amid heavy security as journalists were barred from covering the proceedings. Justice Akintola adjourned the …
U.S. stock index futures climbed on Monday amid signs of progress in Washington to end the record-long government shutdown that has stalled economic data releases and raised concerns about the economy. On Sunday, senators advanced a House-passed bill to fund the government until January 30. If approved by the Senate, the measure must still pass …
The federal government has increased the Credit Risk Guarantee (CRG) for tomato crate financing to 75% under the Dutch-funded HortiNigeria Programme, a move expected to unlock over ₦500 million in intervention funding for Nigeria’s horticulture sector. Mohamed Selassie Idris, Country Representative of the International Fertilizer Development Center (IFDC) and Programme Director of HortiNigeria, announced the …
Nigeria loses an estimated $15 billion every year to oil theft and pipeline vandalism, raising concerns about the long-term sustainability of President Bola Ahmed Tinubu’s Renewed Hope Agenda beyond 2027, a study by Professor Usman Muhammed of Kaduna State University has revealed. Speaking at the 1st Citizens Engagement Conference (North-West Edition) in Kaduna, themed “The …
