Edo Closes Three Schools In Akoko Edo Over Planned Student Abduction
The Edo State government has ordered the immediate closure of three secondary schools in…
Edo Closes Three Schools In Akoko Edo Over Planned Student Abduction
The Edo State government has ordered the immediate closure of three secondary schools in Akoko Edo Local Government Area after receiving credible intelligence of a planned mass abduction of students by suspected bandits. A circular issued by the State Ministry of Education and signed by its Permanent Secretary, Mr Enodolomwanyi Otamere, directed the shutdown…
Okonkwo Releases WhatsApp Evidence In Bribery Allegation Against Peter Obi
A chieftain of the African Democratic Congress, Kenneth Okonkwo, has published alleged WhatsApp conversations that he says support his claims of bribery involving Peter Obi, the presidential candidate of the Nigerian Democratic Congress. The posts on his X handle on Wednesday morning followed demands by Obi’s lawyers for N5 billion in damages and a…
Okpebholo: Kidnappings Won’t Create Vacancy in Aso Rock
Governor Monday Okpebholo of Edo State has urged those he accuses of sponsoring rising insecurity across Nigeria to stop their actions and allow the administration of President Bola Tinubu to concentrate on governance and development programmes. Speaking on Tuesday at the flag off of the All Progressives Congress campaign for local government council elections…
House Orders Security Chiefs to Explain Defence Spending
Nigeria’s House of Representatives has summoned the Chief of Defence Staff, Chief of Army Staff, Chief of Naval Staff, Chief of Air Staff and the Minister of Finance to appear before it and give a full account of funds released for security operations. The move comes amid widespread concern that massive budgetary allocations have…
Okonkwo Dares Obi To Court Over Defamation Claim
A reported N5 billion defamation suit threat by former Labour Party presidential candidate Peter Obi against his former campaign spokesperson Kenneth Okonkwo has drawn a firm response from the actor turned politician, who has labelled the move unwise and challenged Obi to proceed with court action. Okonkwo, who served as spokesperson during Obi’s 2023…
Foreign Investment in Manufacturing Crashes by 50% – NBS
Foreign capital flows into Nigeria’s manufacturing sector plummeted by 50.7 per cent quarter-on-quarter to 152.27 million dollars in the first quarter of 2026. The latest Capital Importation Report from the National Bureau of Statistics reveals a severe cooling of investor appetite for domestic industrial production. This sharp drop from the 308.93 million dollars recorded in…
Obi Queries Tinubu Over N200trn Debt Surge
The 2027 presidential candidate of the Nigeria Democratic Congress, Peter Obi, has challenged the federal government to provide an explicit accounting of its massive debt pile. Obi raised the alarm on Tuesday over the national debt profile, which he claimed has soared to approximately 200 trillion naira under the current administration. The opposition leader argued…
Naira Strengthens to 1,353 Against The Dollar
The Nigerian naira appreciated slightly against the United States dollar on Wednesday across both official and parallel markets. Data from the Nigerian Foreign Exchange Market showed the domestic currency trading at 1,353.48 naira per dollar at the official window. This figure represents a modest gain from the 1,357.26 naira recorded during trading sessions earlier in…
Iran Retaliates American Airstrikes With Regional Missile Barrage
Iran launched a massive retaliatory wave of ballistic missiles and armed drones against United States military installations across the Middle East on Wednesday morning. The Islamic Revolutionary Guard Corps targeted American assets in Jordan, Kuwait, and Bahrain, including the strategic Fifth Fleet headquarters. This heavy bombardment came mere hours after American fighter jets struck nearly…
IMF Warns Nigeria Against $5bn UAE Loan
The International Monetary Fund has cautioned the Federal Government over its proposed 5 billion dollar structured financing agreement with the First Abu Dhabi Bank. Christian Ebeke, the fund’s resident representative in Nigeria, warned on Tuesday that the complex derivatives-based transaction carries severe hidden fiscal risks. Speaking during a media briefing on the 2026 Article IV…