News Editor

Perish Any Plans to Declare State Of Emergency In Osun, Sowunmi Tells FG

A chieftain of the People’s Democratic Party (PDP), Segun Sowunmi, says the APC-controlled Federal Government should perish any plan to declare a state of emergency in Osun State. “It was rumoured that some fellows are deceiving themselves to declare a state of

February 20, 2025

US Ambassador Dismisses Allegations of USAID Funding Boko Haram

The United States Ambassador to Nigeria, Richard Mills, has strongly refuted claims that the United States Agency for International Development (USAID) is financing Boko Haram or any terrorist group, insisting that there is no evidence to support such allegations. Speaking after a

February 20, 2025

FG Confirms Local Refineries Fall Short of Meeting 50% Fuel Demand

The Federal Government has disclosed that Nigeria’s three operational refineries, despite having a combined refining capacity of 985,000 barrels per day, are currently supplying less than 50% of the country’s daily petrol consumption. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)

February 20, 2025

LABOUR PARTY PRESS STATEMENT: ON THE DEFECTION OF 27 LAGOS HoA MEMBERS TO LP

Fellow Nigerians, The Lagos State House of Assembly, in its recent statement signed by Hon. (Otunba) Ogundipe Stephen Olukayode, Chairman of the House Committee on Information, Strategy, and Security, has attempted to dismiss reports that 27 of its members are planning to

February 19, 2025

Osun LG Crisis: Lawmakers Condemn Forceful Takeover, Accuse APC Leaders of Instigating Violence

The Osun State Caucus of the 10th National Assembly has condemned the forceful takeover of local government secretariats across Osun State by sacked council officials, calling it an act of lawlessness that threatens democracy and the rule of law. In a press

February 19, 2025

Binance Faces UK Restrictions Amid Global Regulatory Scrutiny

The UK’s Financial Conduct Authority (FCA) has issued a warning against Binance, the world’s largest cryptocurrency exchange, prohibiting it from conducting any regulated activities in the country. The regulatory move highlights growing concerns over the risks associated with cryptocurrency investments and the

February 19, 2025

Netherlands To Return Looted ‘Benin Bronzes’ To Nigeria

The Netherlands said Wednesday it was returning more than 100 “Benin Bronzes” to Nigeria that British troops looted in the late 19th century and ended up in a Dutch museum. The European country stated this in a statement on Wednesday, saying the

February 19, 2025

LG Crisis: Reps Plans to Investigate Security Situation In Osun

The House of Representatives is wading into the security situation in Osun State and has resolved to set up an ad hoc committee to carry out an investigation. The resolution of the House comes after considering a motion from Honourable Bamidele Salam,

February 19, 2025

Access Bank Restates Commitment to Community Sustainability at 10th Access Bank Lagos City Marathon

Access Bank PLC proudly celebrated the 10th anniversary of the Access Bank Lagos City Marathon last Saturday, highlighting the platform’s ability to foster unity, promote healthy lifestyles, and showcase African excellence globally. Since its inception in 2016, the marathon has become a

February 19, 2025

PDP Crisis: Court Rejects Anyanwu’s Bid to Stop INEC from Effecting His Removal

Justice Inyang Ekwo of the Federal High Court Abuja has rejected the request of the embattled National Secretary of the People’s Democratic Party (PDP), Senator Samuel Anyanwu, to stop the Independent National Electoral Commission (INEC) from effecting his removal as Secretary of

February 19, 2025

Economy·News·Politics

N54tn Budget: National Assembly Adjusts Allocations, Increases Recurrent Expenditure

The National Assembly on Tuesday revised the 2025 budget, making significant adjustments by reducing capital expenditure by over N500 billion while increasing recurrent expenditure by the same amount. Despite the changes, the total budget size remains N54.99 trillion. The adjustments, which affected

February 19, 2025

CBN Orders Banks to Publish Details of Dormant Accounts and Unclaimed Balances

The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to publish details of dormant accounts, unclaimed balances, and other financial assets on their official websites. This move is part of efforts to enhance transparency in the financial

February 19, 2025

US Investigates Aid Distribution in Nigeria Amid Allegations of Boko Haram Funding

The United States government has reaffirmed its commitment to stringent monitoring and evaluation mechanisms to ensure that humanitarian aid reaches its intended beneficiaries in Nigeria. This statement comes amid allegations that American taxpayer funds have inadvertently supported Boko Haram and other terrorist

February 19, 2025

Kano High Court Stops CBN From Withholding LG Funds

A high court in Kano State has issued a permanent order restraining the Central Bank of Nigeria (CBN) from withholding funds allocated to the 44 local government areas (LGAs) of the state. The ruling, delivered by Justice Ibrahim Musa-Muhammad, came after an

February 18, 2025

Court Dismisses Interim Administrators Request for Herbert Wigwe Estate

Justice A.O. Adeyemi of the Lagos State High Court Family/Probate Court in Ikeja, has dismissed the application filed by Christian Wigwe and Pastor Shyngle Wigwe, seeking the appointment of interim administrators in the estate of the late former Group Managing Director and

February 18, 2025

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