Coalition Intercepts Houthi Missiles as Sanaa Suffers Strikes
Saudi air defences destroyed two Houthi ballistic missiles over Riyadh and knocked down an attack…
Coalition Intercepts Houthi Missiles as Sanaa Suffers Strikes
Saudi air defences destroyed two Houthi ballistic missiles over Riyadh and knocked down an attack drone over the oil-rich Eastern Province on 10 November 2026. Houthi militants launched the cross-border strikes from northern strongholds in Yemen, targeting critical energy nodes and urban centres. Air raid sirens echoed across the Saudi capital before military interceptors neutralised…
Trump Holds Off Fresh Iran Strikes After Mediation
US President Donald Trump agreed on 9 November 2026 to pause new military strikes against Iranian air defence networks. Regional mediators, led by Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, persuaded Washington to hold fire during high-level White House talks. The temporary pause brings brief relief to crude oil markets while diplomats scramble…
Naira Holds Steady at N1,350 as Dollar Volume Drops
Nigeria’s local currency held firm near the 1,350 naira mark against the United States dollar despite liquidity slipping across official trading windows. Central Bank of Nigeria intervention rules kept market rates stable as total daily turnover dropped by nearly half over a single week. Low trading volumes usually signal trouble, but tight currency controls helped…
NDIC Blames Debtors for Delayed Bank Payouts
The Nigeria Deposit Insurance Corporation accused delinquent borrowers of undermining efforts to pay back victims of collapsed banks on 9 November 2026. Speaking at a public relations workshop in Abuja, Director of Asset Management Ogungbemi Theophilus revealed that major debtors actively hide physical assets, dodge court summons, and intimidate recovery officers. Deliberate evasion ruins financial…
FG Pledges Dedicated Power Lines for Manufacturers
Power Minister Joseph Tegbe unveiled a federal plan on 9 November 2026 to construct dedicated transmission lines directly linking power plants to major industrial hubs across Nigeria. State managers are designing specialised connections to feed heavy manufacturing estates, including a high-capacity link between the Alaoji generating station and the Agbara industrial cluster in Ogun State….
Atiku Holds Firm On Subsidy Pledge Despite Court Setback
Former Vice President Atiku Abubakar has restated that he will bring back petrol subsidy if he wins the presidency in 2027, holding firm to one of his most contested promises even as a court ruling has thrown his candidacy into doubt. In a post on X on Monday, accompanied by a campaign video, the…
A Decade On, Gwoza Gathers Its Youth To Rebuild
Gwoza, the Borno State town that Boko Haram once declared the capital of its self-styled caliphate, has hosted its first youth summit, a gathering its organisers hope will anchor the community’s long recovery from insurgency. The Emir of Gwoza, Alhaji Mohammed Idrissa Timta, opened the summit at the Federal College of Education, Gwoza, over…
Fani-Kayode Tells South Africa To Replace Hostility With Pan-Africanism
Nigeria’s High Commissioner to South Africa, Femi Fani-Kayode, has warned that rising xenophobic hostility towards Nigerians and other African nationals is straining the bond the two countries built during the struggle against apartheid. Speaking at the inaugural Nigerian Fair at the country’s consulate in Johannesburg, he said frustration within the Nigerian government over the…
Nigeria Loses N500bn Yearly To Offshore Aviation, Maritime Cover
Nigeria sends about 90 per cent of the insurance premiums covering its aviation and maritime assets to foreign underwriters every year, a dependence that industry estimates put at roughly N500 billion, or about $360 million, in annual capital flight. The money leaves the country because local insurers have long lacked the capital to carry the…
ADC Seeks Court Judgment as Uncertainty Trails Atiku’s Candidacy
The African Democratic Congress has demanded the immediate release of the certified true copy of a Federal High Court judgment that sacked its leadership and voided the presidential candidacy of Atiku Abubakar, as uncertainty deepens over the opposition party’s place in the 2027 election. Justice Peter Lifu of the Federal High Court in Abuja…