EFCC Witness Tells Court No Evidence Emefiele Benefited From $6.2m Fraud
From Victor Osula, Abuja An Economic and Financial Crimes Commission (EFCC) witness, Commissioner of Police Okpoziakpo Eloho, on Thursday told …
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PSC Promotes 13 CPs To AIGs, Elevates 80 Other Senior Police Officers
From Victor Osula, Abuja The Police Service Commission (PSC) has approved the promotion of 13 Commissioners of Police (CPs) to …
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Nigeria Records 1,721 Terrorism Convictions Since 2017, Says FG
From Victor Osula, Abuja The Federal Government has secured 1,721 terrorism-related convictions since the commencement of its Mass Trial Programme …
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Court Grants Ozekhome Six-Week UK Medical Trip
By Ayo Kehinde An Abuja High Court, on Thursday, granted renowned constitutional lawyer and Senior Advocate of Nigeria (SAN), Chief …
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FG Cuts New Vehicle Import Levy to 10%, Used Vehicles to 5%
By Ayo Kehinde The Federal Government has reduced the import levy on new vehicles from 20 per cent to 10 …
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Supreme Court Mandates e-Uploads for Appeals From September
From Victor Osula, Abuja The Supreme Court has commenced a major digital transformation of its judicial processes with the unveiling …
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IMF: Nigerian Spent 2 Percent of GDP Outside Budget
By Ayo Kehinde The International Monetary Fund (IMF) has disclosed that Nigeria recorded public spending equivalent to about two percent of its Gross Domestic Product (GDP) outside recent official budgets. It noted that the anomaly created a gap between the country’s reported fiscal deficit and its actual financing requirements. The IMF Resident Representative in Nigeria, Christian Ebeke, disclosed on Wednesday while addressing business executives in Lagos. He explained that the discrepancy has made Nigeria’s fiscal deficit appear smaller than the level of government borrowing because some capital expenditure was omitted from budget documents and implementation reports. According to Ebeke, the unreported spending is largely linked to major government projects executed outside the formal budget framework, making it difficult to accurately …
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World Bank Approves $1.25bn Loan For Nigeria, Unveils Six-Year Growth Strategy
By Ayo Kehinde The World Bank has approved a $1.25 billion Development Policy Financing (DPF) loan for Nigeria as part of a new six-year partnership framework to accelerate private sector-led growth, create jobs, and support key economic reforms. The approval, announced on Wednesday, falls under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme and is part of the World Bank’s Country Partnership Framework (CPF) for Nigeria, covering 2026 to 2032. According to the bank, the financing will support reforms to improve competitiveness, deepen capital markets, modernise regulations for the digital economy, strengthen power sector reforms, expand agricultural productivity and enhance domestic revenue mobilisation. The programme also seeks to reduce trade barriers in line with Nigeria’s commitments under ECOWAS …
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TCN Declares Force Majeure As Flooding Knocks Out Oworonshoki, Lekki, Lagos Transmission Substations
By Ayo Kehinde The Transmission Company of Nigeria (TCN) has declared force majeure on the Oworonshoki 132/33kV and Lekki 330/132kV transmission substations following severe flooding caused by persistent rainfall in Lagos, warning that the development could disrupt electricity supply to customers served by the affected transmission facilities. The declaration followed the inundation of critical infrastructure at the two substations, with floodwaters crippling operations at the Oworonshoki Transmission Substation and posing a serious threat to the Lekki Transmission Substation. In a statement issued on Wednesday by its General Manager, Public Affairs, Ndidi Mbah, TCN said the Oworonshoki substation had been forced out of service after rising floodwaters affected two of its power transformers, while emergency efforts were ongoing to keep the …
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DMO Targets ₦4trn In Q3 Bond Auctions To Finance Budget Deficit
By Ayo Kehinde The Debt Management Office (DMO) has unveiled plans to raise ₦4 trillion through Federal Government of Nigeria (FGN) bond auctions in the third quarter of 2026 as it continues to finance the country’s widening budget deficit and refinance maturing debt obligations. According to the provisional Q3 2026 FGN Bond Issuance Calendar released on June 29, the DMO will conduct bond auctions on July 20, August 17 and September 14. The programme will feature reopenings of three existing bond instruments rather than new issuances. The July auction will offer the 22.60 percent FGN January 2035, 16.2499 percent FGN April 2037 and 15.45 percent FGN June 2038 bonds, with offer sizes ranging from ₦400 billion to ₦600 billion for …
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TCN Announces 10-Hour Power Outage In Parts Of Ondo
By Ayo Kehinde The Transmission Company of Nigeria (TCN) has announced a planned 10-hour power outage in parts of Ondo State to facilitate critical maintenance and network upgrade works at its Ondo 132/33kV Transmission Substation. The company’s General Manager, Public Affairs, Ndidi Mbah, TCN said the scheduled outage would take place on Tuesday, June 30, from 8:00 a.m. to 6:00 p.m., during which electricity supply to Ondo Town and Okitipupa would be temporarily disrupted. According to the statement, the outage is necessary to enable TCN engineers to transfer the Ife–Ondo 132kV transmission line from the proposed Omotosho–Ondo 132kV transmission line bay to the Ife–Ondo 132kV line bay, a key component of ongoing efforts to strengthen the transmission network. The company …
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Court Affirms David Mark-Led ADC Leadership, Dismisses Abejide’s Suit
From Victor Osula, Abuja The Federal High Court in Abuja has affirmed the leadership of former Senate President David Mark …
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DSS Arraigns Five Sylva Aides Over Alleged Failure To Reveal His Whereabouts
By Ayo Kehinde The Department of State Services (DSS) has arraigned no fewer than five aides and close associates of …
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DSS Arrests Ex- Minister Uche Nnaji
Former Minister of Science and Technology, Uche Nnaji, was arrested on Wednesday by operatives of the Department of State Services, …
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Presidency: Fake Presidential Appointee Adeyemi to Face Trial
By Ayo Kehinde The Presidency has disclosed that Adeyemi Adeniyi Matthew, who allegedly paraded himself as a presidential appointee and …
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APC Drops Suswam, Elegbeleye, 23 Other NASS Candidates From INEC List
From Victor Osula, Abuja The National Working Committee (NWC) of the All Progressives Congress (APC) has dropped former Benue State …
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World Cup Tragedy Of South Africa, By Uzor Maxim Uzoatu
The urge in the beginning had been to entitle this piece “The Death of African Solidarity”. It took no time …
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Akara, Corn, And Kuli-kuli: All Hail Remi Tinubu, By Promise Adiele
The recent nationwide outrage against Nigeria’s First Lady, Mrs Oluremi Tinubu, affirms that Nigerians are ungrateful people. Instead of them …
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The Almajiri System: A Stream Now Watering Northern Nigeria Insecurity, By Sani Abdulrazak,
Every civilisation carries within it traditions that define its identity and shape its collective memory. Some traditions withstand the test …
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Bart Nnaji: The Challenge of Facing the Future by Uzor Maxim Uzoatu
Bart Nnaji: The Challenge Of Facing The Future is the authorized biography of Professor Bart O. Nnaji – FAS, FAEng, …
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US Supreme Court Blocks Trump’s Bid to End Birthright Citizenship
By Ayo Kehinde United States President Donald Trump suffered a major legal setback on Tuesday after the United States Supreme …
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