An Enugu Air aircraft suffered a runway excursion shortly after landing at Benin Airport on Thursday. Fortunately, all passengers and crew members on board disembarked safely without any reported injuries or casualties. A video shared on social media showed the aircraft lying on muddy ground as passengers struggled to disembark. In a statement, the airline …
Nigeria could face a major funding gap if the United States withdraws all foreign assistance, potentially losing between $740 million and $790 million annually based on historical disbursement trends. The development would end more than a decade of steady US financial support that has channelled almost $8.9 billion into the country since 2015. Data from …
The presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has asked the Federal High Court in Abuja for time to seek subpoenas compelling the Director-General of the Department of State Services (DSS) and the Special Adviser to the President on Information and Strategy, Bayo Onanuga, to testify in his ongoing trial over alleged …
Dangote Petroleum Refinery and Petrochemicals has successfully closed a landmark $2.5 billion private equity placement, marking what is believed to be Africa's largest publicly disclosed primary equity private placement by value. In a statement released on Thursday, the company said the offering, which was oversubscribed by 3.7 times relative to the initial offer size, represents …
President Bola Tinubu has ended nearly a decade of regulatory guesswork over how Nigeria polices its cryptocurrency market, signing an executive order that hands coordinated oversight to a new council chaired by the Central Bank of Nigeria. The Presidential Executive Order on Virtual Assets Coordination, 2026, took effect immediately upon signing on 17 July. It …
The Nigeria Customs Service, NCS, has disowned a fake recruitment advertisement circulating on social media and warned members of the public against falling victim to fraudsters. The Service also cautioned criminals behind the fake advert to desist from using its name to defraud unsuspecting Nigerians. In a statement issued on Thursday, the NCS urged members …
Lawmakers Demand inventory of seized assets worth trillions of naira The House of Representatives has directed the Federal Government to carry out a comprehensive audit and verification of all seized, forfeited and recovered assets in the custody of ministries, departments and agencies (MDAs) since 1999. The resolution followed the adoption of a motion moved …
Credit to Nigeria’s private sector rose by 2.8 per cent month-on-month to N83.3 trillion in June 2026, from N81 trillion in May, amid a broader expansion in domestic credit and money supply. The latest Money and Credit Statistics released by the Central Bank of Nigeria (CBN) showed that the increase in private sector lending was …
Dangote Petroleum Refinery has reversed its recent dollar-pricing policy, resuming the sale of petrol in naira and setting a new ex-depot gantry price of ₦1,215 per litre. The decision, announced on Wednesday, provides a measure of relief to marketers and consumers by eliminating foreign exchange exposure that had complicated planning and squeezed margins for local …
The International Monetary Fund (IMF) has said artificial intelligence (AI) could increase Sub-Saharan Africa's gross domestic product by about four per cent over the next decade if countries, including Nigeria, address long-standing constraints such as unreliable electricity, weak digital infrastructure and skills shortages. In its 2026 departmental paper, 'Unlocking the Potential: AI in Sub-Saharan Africa', …
