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Facebook vs ARCON: Court sets May 14 for judgment

JUSTICE Yelim Bogoro of a Federal High Court sitting in Lagos, yesterday, adjourned till May 14, 2026, for judgment in the legal battle between Facebook Nigeria Operations Limited, FNOL, and the Advertising Regulatory Council of Nigeria, ARCON, over a disputed N60 billion fine.

NSIA, UK firm sign $496m dairy livestock MoU

The Nigeria Sovereign Investment Authority, NSIA, has signed a Memorandum of Understanding, MoU, with UK-based Asset Green Ltd to advance the development of a large-scale integrated dairy livestock production and processing platform to transform Nigeria’s dairy industry and strengthen national food security.

Nigeria’s Balance of Payment falls 38% to $4.23bn in 2025

…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]

Reps downstream committee raises alarm over likely hike in PMS price

The House of Representatives Committee on Petroleum Resources (Downstream) on Thursday raised a serious alarm over a looming increase in the pump price of Premium Motor Spirit (PMS), warning that Nigeria could face fresh fuel price shocks if urgent action is not taken within the next 48 hours.

Why Almajirai are infiltrating Abuja

Nine-year-old Aminu hails from Kankiya, in today’s Katsina State. He bears the mark of a child who is being robbed of his childhood, looking unkempt with his skin in dire need of soap and water.

M-East crisis: Israel eliminates Iran’s intel chief, Tehran vows revenge

In furtherance of its clear strategy of decapitation against Iran in the ongoing war, Israel yesterday announced that it had eliminated yet another top ranking Tehran’s official, Intelligence Minister, Esmail Khatib, and authorised its military to kill any senior Islamic republic figure it gets in its sights.

Insecurity: How Nigeria spent N32.8trn on defence in 15yrs

Despite the allocation of about N32.88 trillion to defence in the last 15 years — representing roughly 12.5 per cent of the N262.834 trillion national budgets within the period — Nigeria remains trapped in protracted insecurity.

Interest rates on bank loans rising — says 42% Nigerians

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey has showed that 42.7 percent of respondents perceived interest rates on bank loans to be high in the past three months. This formed the key highlight of the apex bank’s Consumer Expectation Survey report for February 2026. The respondents made this remark when asked how the […]

Middle-East Conflict: Nigerian insurers to face high reinsurance costs

By Rosemary Iwunze As the conflict involving United States, Israel and Iran escalates in the Middle-East, Nigeria insurance industry may face rising reinsurance costs. Commissioner for Insurance, Mr. Olusegun Omosehin, who disclosed this, noted that the crisis could trigger rising claims globally, leading to higher reinsurance pricing. The development, according to Omosehin, would inevitably affect Nigerian […]

First 15 aspiring sports journalists selected for IOC Young Reporters Programme

First 15 aspiring sports journalists selected for IOC Young Reporters Programme at Dakar 2026 Fifteen aspiring sports journalists from around the world have been selected to take part in the IOC Young Reporters Programme during the Dakar 2026 Youth Olympic Games (YOG). The selection follows strong global interest in the initiative, with 271 applications received […]

UBA, NiDCOM deepen collaboration to unlock diaspora capital

United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, stated this while hosting representatives of the Nigerians in Diaspora Commission (NiDCOM) led by its Chairman/CEO, Hon. Abike Dabiri, at the bank’s UK office earlier in the […]

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