Abdullah Ahmed

Regulator Imposes N100 Million Foreign Exchange Fines

Regulator Imposes N100 Million Foreign Exchange Fines

Commercial banks operating within the country will now face a 100 million Naira penalty for breaching foreign exchange operational guidelines. The Central Bank of Nigeria announced a strict disciplinary framework to curb speculative trading and stabilise the local currency. Financial institutions that fail to report accurate transaction data or facilitate unauthorized currency transfers will face…

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Iran Defies Trump's Threats Amid Peace Talks

Tehran Flags Border Violence as Peace Talks Stall

Iranian diplomats have cast deep doubt over a proposed Washington peace deal. Tehran blames relentless Israeli military operations across Lebanon for freezing the delicate diplomatic track. The multi-front conflict has now entered its ninety-eighth day. United States mediators had initially reported significant progress toward a broad regional truce. However, the continuous bombardment of Beirut and…

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Lagos Police Intercept Sacks Of Military Uniforms

Police Uncover Illegal Arms Factory in Yobe

Detectives from the Yobe State Police Command have dismantled an illegal firearms manufacturing facility in Buni Yadi, Gujba Local Government Area. Security operatives arrested seven suspects during the raid, including the suspected mastermind of the fabrication ring. The police recovered an assortment of locally made weapons, specialised machinery, and raw manufacturing materials from the site….

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$3.6 World Bank Loans Fail to Revive National Grid

$3.6b World Bank Loans Fail to Revive National Grid

Nigeria’s national electricity grid continues to collapse despite receiving 3.6 billion dollars in World Bank loans over the last decade. A comprehensive review of development finance reveals that massive capital injections failed to fix the country’s chronic transmission and distribution failures. The multi-billion-dollar funding aimed to stabilise power supplies, expand the national grid, and bring…

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NSCDC Arrests Ten Infrastructure Vandals in Kano

NSCDC Arrests Ten Infrastructure Vandals in Kano

State security operatives dismantled a sprawling network of thieves targeting vital public utilities across Kano State. The Nigeria Security and Civil Defence Corps arrested ten suspects linked to systematic asset stripping and industrial theft. This coordinated crackdown comes amid a worrying surge in criminal attacks on public property in northern Nigeria. Security agencies face uphill…

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Air Force Bombards Terrorist Logistics Hub in Sambisa

Air Force Bombards Terrorist Logistics Hub in Sambisa

The Nigerian Air Force launched a series of high-precision airstrikes, destroying a major terrorist logistics base in the Sambisa Forest. Aerial reconnaissance missions tracked insurgent movements to hidden enclaves within the notorious woodland before the operation. Fighter jets subsequently deployed guided munitions to level several structures used for storing weaponry, food rations, and fuel. Military…

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Naira Holds Steady at N1,370 as Central Bank Intervenes

Naira Holds Steady at N1,370 as Central Bank Intervenes

The Nigerian Naira maintained relative stability against the United States Dollar during early morning trading across both official and parallel markets. Financial market data on Tuesday showed the local currency trading near N1,370.94 per dollar at the official window. Bureau de Change operators in Lagos and Abuja reported similar tight trading spreads, indicating a temporary…

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Ebola Cases Top 900 in Conflict-Ridden DR Congo

Ebola Cases Top 900 in Conflict-Ridden DR Congo

A rapidly accelerating Ebola outbreak in the Democratic Republic of Congo has crossed an alarming threshold, with suspected infections now exceeding nine hundred. World Health Organization Director-General Tedros Adhanom Ghebreyesus confirmed that surveillance teams have identified nine hundred and four suspected cases across the country. The official tally includes one hundred and one laboratory-confirmed infections….

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NCAA Suspends Services To Eleven Domestic Airlines

NCAA Suspends Services To Eleven Domestic Airlines

The Nigeria Civil Aviation Authority has placed eleven domestic airlines on an immediate “No-Pay-No-Service” sanction list over unremitted statutory charges. The strict enforcement action bars all internal regulatory departments from rendering administrative or operational services to the affected carriers. An internal agency memo dated May 22, 2026, confirmed that the suspension will remain in place…

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