A former operative of the Department of State Services (DSS), identified as Ezeakolam, has been arraigned before a Federal High Court over allegations of being a member of the proscribed Indigenous People of Biafra (IPOB) and engaging in activities linked to the group.The defendant was brought before the court by the Federal Government on charges bordering on alleged membership of the separatist…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reportedly submitted an interim report to President Bola Ahmed Tinubu on its investigation into the controversial Presidential Foreign Intervention Promotion Council (PFIPC), recommending the prosecution of its self-acclaimed Director-General, Adeniyi Adeyemi Matthew, over alleged forgery, impersonation and related…
President Bola Ahmed Tinubu has reportedly directed the Economic and Financial Crimes Commission (EFCC) to unfreeze the bank account of the Osun State Government, a move expected to ease financial constraints and enable the state to continue its administrative and developmental activities.According to reports, the directive followed concerns over the impact of the account restriction on the…
The Coordinating Minister of the Economy and Minister of Finance, Taiwo Oyedele, has explained why many Nigerians continue to experience economic hardship despite the Federal Government’s ongoing reforms, stating that while key economic indicators have improved, the benefits have not yet reached every household.According to Oyedele, the reforms introduced by President Bola Ahmed Tinubu’s…
Vice President Kashim Shettima has commenced a two-week leave after officially notifying President Bola Ahmed Tinubu, reaffirming his unwavering commitment to serving Nigeria with dedication and patriotism.According to the Presidency, the leave forms part of the Vice President’s official entitlement and is in line with established procedures for public office holders. During the period…
The Osun State Government has dismissed allegations that about ₦11 billion was looted from government coffers, insisting that the claims do not reflect the true financial position of the state.Responding to issues reportedly raised by the Economic and Financial Crimes Commission (EFCC), the state’s Commissioner for Information stated that the allegations are misleading and unsupported by…
The Federal Government has appealed to residents of the Federal Capital Territory (FCT) to remain calm following the recent earth tremors recorded in parts of Abuja, assuring the public that there is no immediate threat to lives or property.Minister of Solid Minerals Development, Dr. Dele Alake, said the tremors, which were felt in communities such as Mpape and Katampe, are low-intensity seismic…
The International Monetary Fund (IMF) has raised fresh concerns over Nigeria’s deepening cost-of-living crisis, warning that soaring transport expenses are significantly driving food inflation and worsening economic hardship across the country.Speaking during a media briefing at the IMF/World Bank Spring Meetings in Washington, the Director of the IMF’s African Department, Abebe Selassie…
Africa’s richest industrialist, Aliko Dangote, has unveiled plans to sell a 10 per cent stake in the massive Dangote Petroleum Refinery and Petrochemicals FZE through a landmark Pan-African Initial Public Offering (IPO) scheduled for 2026.Dangote disclosed the development at an event organised by the Atlantic Council in Washington, D.C., noting that the share sale is aimed at attracting…
Developing countries are set to gain a stronger voice in global debt discussions following the launch of a new borrower-led initiative unveiled on Wednesday during the 2026 IMF-World Bank Spring Meetings in Washington, D.C.The new mechanism, known as the Borrowers’ Platform, is designed to bridge long-standing gaps in the international financial system by allowing debtor nations to share…