Banks Slash N5.45tn Loans to Eight Economic Sectors
A sweeping retreat by Nigerian lenders has stripped N5.45 trillion in credit from eight…
Banks Slash N5.45tn Loans to Eight Economic Sectors
A sweeping retreat by Nigerian lenders has stripped N5.45 trillion in credit from eight critical sectors of the economy in the space of a single year, laying bare the cost of the Central Bank of Nigeria’s decision to force banks back to stricter prudential standards. The pullback, drawn from the CBN’s latest data on…
ADC Rejects Rival Faction’s Upload Claim As “Blatant Lie”
The battle for control of the African Democratic Congress spilled fully into the open on Monday, as the Atiku Abubakar wing of the party petitioned the Independent National Electoral Commission to investigate what it called the forgery and unauthorised use of documents purportedly issued by the electoral body. The trigger was a claim by…
Days After School Rescue, Gunmen Strike Oyo Again
The relief that swept through Oyo State barely a week ago, when 44 pupils and teachers walked free after 56 days in the grip of terrorists, has given way to fresh dread. Suspected gunmen have abducted Mr Matthew Kolawale Owoade, a 60-year-old headmaster popularly known as “Onaiye,” dragging the state’s education community back into a…
Nigeria’s $89b E-Waste Goldmine Left To Street Scavengers
Every discarded phone, dead generator and cracked television tossed out in Lagos represents money leaving the country, and the sums are no longer trivial. Nigeria, one of Africa’s largest generators of electronic waste, is watching from the sidelines as a $89.48 billion global recycling market takes shape, held back by the absence of formal…
Certificate Trial: Nnaji Pleads Not Guilty, Freed On N20m Bail
A once-prominent figure in President Bola Tinubu’s cabinet stood in the dock of the Federal High Court in Abuja on Monday, entering a not-guilty plea to a six-count charge that has placed the credibility of his academic record at the centre of a closely watched corruption trial. Uche Nnaji, former Minister of Innovation,…
Oyedele Defends Borrowing As Debt Servicing Drains Half Of Revenue
Nigeria parted with almost a billion dollars to keep its foreign creditors satisfied within the opening two months of 2026, a fresh sign that the weight of external obligations is pressing harder on the country’s finances even as macroeconomic indicators show tentative signs of steadying. Figures drawn from the Central Bank of Nigeria’s February…
FG Backs Down On N50,000 Examination Fees, Orders Fresh Review
The Federal Government has suspended its proposed increase in registration fees for the 2027 West African Senior School Certificate Examination (WASSCE) and the National Examinations Council (NECO) Senior School Certificate Examination, following widespread public concerns. The Federal Ministry of Education announced the suspension in a statement on Monday, withdrawing a June 18, 2026 letter…
Free Education From Nursery To University — Sowore Unveils Manifesto
African Action Congress (AAC) presidential candidate Omoyele Sowore has unveiled an education reform blueprint for the 2027 election, promising free education from early childhood through university and the abolition of fees for public examinations including WAEC and NECO. Sowore presented the policy document on his verified X handle on Monday, stating that no child…
Court Set to Arraign Prince Adeyemi Over ‘Phantom’ Council
Prince Adeniyi Adeyemi, the man at the centre of one of the most curious impersonation scandals to hit the seat of government in recent years, is scheduled to finally take his plea before a Federal High Court in Abuja on Tuesday, July 14, as the police move to arraign him over an agency the Presidency…
Lawyer: Keyamo Cannot Order Obi to Apologise
The demand by the Minister of Aviation and Aerospace Development, Festus Keyamo, that Peter Obi apologise to airport workers and settle a N25,000 parking fine has now drawn a pointed legal rebuttal, with a Senior Partner at Justice Chambers, Ekemini Udim, arguing that the minister lacks the authority to pronounce anyone guilty or to…