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‘I Received $600,000 in Bribes for Emefiele,’ Former CBN Director Alleges

In a significant development at the Ikeja Special Offences Court, Lagos, on Monday, Mr. John Ayoh, a former Director of Information Technology at the Central Bank of Nigeria (CBN), disclosed startling details regarding his alleged acceptance of $600,000 in bribes on behalf of the embattled former governor of the apex bank, Godwin Emefiele. Ayoh, who […]

Social Media Poses Dual Threats, Raises National Security Concerns

The National Security Adviser (NSA), Nuhu Ribadu, issued a stern warning yesterday, emphasizing that the misuse of social media constitutes both local and global threats. He underscored the urgency of addressing this issue as an immediate national security priority. Ribadu revealed that the National Security Strategy (NSS), last reviewed in 2015, is currently undergoing a […]

NNPCL Assures Swift Resolution of Fuel Queues

The Nigerian National Petroleum Company Ltd. (NNPCL) has moved swiftly to address the ongoing fuel scarcity and queues plaguing fuel stations across the country. Chief Communications Officer, Mr. Olufemi Soneye, confirmed that the situation would be resolved by Wednesday, April 31. Soneye emphasized that the NNPCL currently maintains an impressive product stockpile of over 1.5 […]

Zenith Bank Shareholders Endorse Transition to Holding Company

In a landmark decision, shareholders of Zenith Bank Plc voted overwhelmingly to transition the institution into a holding company structure. The approval, granted during a court-convened Extraordinary General Meeting held virtually over the weekend, heralds a pivotal moment in the bank’s evolution. Aligned with the Scheme of Arrangement outlined on March 28, 2024, under Section […]

Tinubu at WEF Hignlights Gains of Nigeria’s Fiscal Recovery

President Bola Tinubu asserted yesterday that the bold measures taken by his administration, including the removal of fuel subsidies and ongoing efforts to stabilize Nigeria’s foreign exchange market, effectively averted an economic crisis. Speaking at the inaugural session of the World Economic Forum in Riyadh, Saudi Arabia, Tinubu engaged with influential global business figures on […]

Fire Forces Flight Diversions at Lagos Airport

Confusion gripped Murtala Muhammed Airport on Thursday morning as thick smoke initially and subsequently led to a fire near the E54 passenger bridge in the E wing of the international terminal. All flight operations were redirected to the D Wing of the airport to enable firefighters from the Federal Airports Authority of Nigeria (FAAN) to […]

Ministry of Aviation Halts Dana Air Operations for Safety and Financial Audit

The Ministry of Aviation has instructed the Nigeria Civil Aviation Authority (NCAA) to immediately suspend Dana Air’s operations. This directive aims to facilitate a comprehensive safety and financial audit of the airline. The decision to suspend Dana Air follows an incident on Tuesday involving one of the airline’s aircraft. The plane veered off the runway […]

EFCC Freezes Over 300 Bank Accounts in Efforts to Safeguard Naira

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the commission has frozen more than 300 bank accounts since Monday in a bid to protect the naira from further destabilization. Addressing journalists in Abuja, Olukoyede cited a report from the Nigerian Communications Commission (NCC) for the year 2022, which […]

Dana Airport Skids Off Runway at Murtala Muhammed Airport

Lagos’s Murtala Muhammed Airport was a scene of high tension on Tuesday morning when a Dana Air flight overshot the runway during landing. The incident occurred at approximately 10:14 a.m., prompting an immediate response from the airport’s Aerodrome Rescue and Firefighting Services (ARRFS) and other emergency teams. Despite the frightening mishap, all passengers were safely […]

Tinubu Blames External Funding for Rise in Illegal Mining and Terrorism in Africa

President Bola Tinubu has accused the international community of contributing to the escalating problems of illegal mining, illicit financial flows, and terrorism funding in Africa. Addressing a two-day African High-Level Meeting on Counter-terrorism in Abuja, Tinubu emphasized the international funds that sustain illegal mining, subsequently financing terrorism. Tinubu approved the reconstitution of a 15-man National […]

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