Nigeria Spends ₦3.14 Trillion Servicing Domestic Debt in Q1 2026
Nigeria spent ₦3.14 trillion servicing its domestic debt obligations in the first quarter of 2026, representing a 20.3 percent increase compared with the ₦2.61 trillion…
Author: Joseph
Dangote Plans $16 Billion Oil Refinery in Kenya
Africa’s richest man, Aliko Dangote, has announced that construction of the proposed Lamu oil refinery in Kenya is expected to begin by October 2026, with…
Nigeria Immigration Service Deploys Passport Intervention Team to UK
The Federal Government has deployed a dedicated Passport Intervention Team from the Nigeria Immigration Service (NIS) Headquarters to the United Kingdom to help clear pending…
SunTrust Bank Battles to Recover Over ₦800 Million Allegedly Lost to Hackers
SunTrust Bank Plc is seeking to recover more than ₦800 million allegedly lost during a series of cyberattacks on its server between 2023 and 2026.…
Tinubu Approves Recruitment of 3,252 PTA Teachers Into Federal Civil Service
President Bola Tinubu has approved the recruitment of 3,252 verified Parent Teacher Association (PTA) teachers into the Federal Civil Service to address staffing shortages in…
EFCC Explains Decision to Freeze Osun State Government Account
The Economic and Financial Crimes Commission (EFCC) has defended its decision to freeze the Osun State Government’s bank account, insisting the action was taken to…
Nigerian Army Arrests Soldiers Over Alleged Unauthorised Deployment at Peller’s Wedding
According to military sources, the arrests followed intelligence reports indicating that the soldiers were providing security at the private event without official approval. The personnel,…
NBA Says EFCC Cannot Freeze Osun Government’s Bank Accounts Without Court Order
The Nigerian Bar Association (NBA) has stated that the Economic and Financial Crimes Commission (EFCC) lacks the legal authority to unilaterally freeze the bank accounts…
NEC Approves $4.5 Billion Project Gazelle 2 to Boost Nigeria’s Finances
The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle Pre Export Finance Facility through a new $4.5 billion Project…
Trump Says US and Iran to Resume Talks After Cancelling Planned Military Strike
US President Donald Trump has announced that the United States and Iran will resume negotiations on Monday, saying he cancelled what he described as a…