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Police nab man accused of impersonating World Bank official in $250,000 fraud
16/04/2026

Police nab man accused of impersonating World Bank official in $250,000 fraud

THE Nigeria Police Force (NPF) has apprehended Agbor Martins Black-Diamond over allegations that he impersonated an official of the World Bank to defraud unsuspecting individuals. According to a statement issued on Wednesday by police spokesperson Anthony Placid, the suspect was arrested on March 31...

MTN Nigeria suspends Xtratime service amid new lending regulations
16/04/2026

MTN Nigeria suspends Xtratime service amid new lending regulations

MTN Nigeria Communications PLC has announced the temporary suspension of its airtime and data credit advance service, popularly known as Xtratime, citing compliance with new consumer lending regulations. In a notice to the Nigerian Exchange Limited (NGX) and the investing public on Thursday, the tel...

Oando JV seals gas supply deal to power Bayelsa 60MW plant
16/04/2026

Oando JV seals gas supply deal to power Bayelsa 60MW plant

OANDO PLC has announced a gas supply agreement through its upstream joint venture with NNPC E&P Limited to support a 60-megawatt Independent Power Plant (IPP) in Yenagoa, Bayelsa State. The project, which was commissioned by Bola Ahmed Tinubu on April 10, 2026, forms part of Bayelsa State’s broade...

South African opposition leader Malema sentenced to 5 years imprisonment over firearm offences
16/04/2026

South African opposition leader Malema sentenced to 5 years imprisonment over firearm offences

SOUTH African opposition leader, Mr Julius Malema, has been handed a 5-year prison sentence after being found guilty of illegally possessing a firearm and discharging it in public. As soon as the judgment was given on Thursday, his legal team swiftly filed an appeal in a bid to stop the enforcement....

Iran war: IMF unveils $50bn plan for Nigeria, others as oil nears $100 again
16/04/2026

Iran war: IMF unveils $50bn plan for Nigeria, others as oil nears $100 again

THE International Monetary Fund on Wednesday revealed it is considering a financial support package of up to $50 billion to help Nigeria and other vulnerable economies absorb the economic shocks stemming from heightened geopolitical tensions in Iran and the Middle East. The move comes as fears of su...

Atiku Abubakar: 2027 will be my final presidential bid
16/04/2026

Atiku Abubakar: 2027 will be my final presidential bid



NIGERIA’S former Vice President, Alhaji Atiku Abubakar, has indicated that the 2027 general election is likely to mark his last attempt at becoming Nigeria’s president. Speaking during an interview on Arise News, the veteran politician said he considers the next race his ‘final outing,’ leav...

United Nigeria pulls aircraft from service after latest bird strike
16/04/2026

United Nigeria pulls aircraft from service after latest bird strike

UNITED Nigeria Airlines has taken one of its CRJ-900 aircraft out of operation following a bird strike incident that occurred during the landing of Flight UN0579. The flight was en route from Mallam Aminu Kano International Airport in Kano to Nnamdi Azikiwe International Airport in Abuja. According....

Fraudsters hit CAC portal, agency urges users to reset passwords
16/04/2026

Fraudsters hit CAC portal, agency urges users to reset passwords


THE Corporate Affairs Commission (CAC) has confirmed a cybersecurity incident involving unauthorised access to segments of its information systems, saying a review is currently underway. In a statement issued on Wednesday, the commission noted that only ‘limited aspects’ of its systems were affe...

SEC proposes N7.5bn capital threshold to safeguard investors in FTZE public offers
16/04/2026

SEC proposes N7.5bn capital threshold to safeguard investors in FTZE public offers

NIGERIA’S Securities and Exchange Commission (SEC) has introduced a draft framework to regulate how Free Trade Zone Entities (FTZEs) raise funds from the public. An FTZE refers to a company operating within a free trade zone and licensed by the relevant zone authority. Under the proposed rules, th...

Nigeria’s inflation edges up to 15.38% – first rise in a year
15/04/2026

Nigeria’s inflation edges up to 15.38% – first rise in a year

NIGERIA’S headline inflation rate climbed to 15.38 percent in March 2026, marking a slight increase from the 15.06 percent recorded in February, according to the National Bureau of Statistics (NBS). The uptick represents the first reversal in inflation trends in 12 months, following a steady decli...

How Nigeria’s public debt jumped by N14.61tn in 2025 – DMO
15/04/2026

How Nigeria’s public debt jumped by N14.61tn in 2025 – DMO

NIGERIA’S total public debt rose significantly by N14.61 trillion within one year, reaching N159.28 trillion as of December 31, 2025, based on the latest figures released by the Debt Management Office (DMO). The new data indicates an increase from N144.67 trillion recorded at the end of December 2...

Oil price rally won’t fully protect Nigeria, IMF cautions
15/04/2026

Oil price rally won’t fully protect Nigeria, IMF cautions

THE International Monetary Fund (IMF)has lowered Nigeria’s economic growth projection for 2026 to 4.1 percent, down from an earlier estimate of 4.4 percent, warning that stronger oil prices alone will not be enough to shield the economy from global headwinds. Although higher crude earnings may pro...

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