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Gunmen suspected to be bandits have invaded neighboring agrarian communities in the Moro Local Government Area of Kwara State, abducting two residents and throwing the local populace into panic. The coordinated night raids targeted Megida and neighboring settlements along the volatile northern border of the state. Local security sources confirmed that the armed gang moved…
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…
The Federal Government has cleared more than 700 billion naira in verified debts owed to domestic contractors to inject immediate liquidity into the private sector. The massive fiscal release represents a coordinated effort by the treasury to settle long-standing obligations accumulated across various Ministries, Departments, and Agencies. Finance ministry records show that payment processing accelerated…
The Oyo State Police Command has unmasked the core operational structure of the urban criminal syndicate behind the violent abduction of former Power Minister Adebayo Adelabu’s relatives. Police public relations officer Ayanlade Olayinka detailed the explicit roles played by four arrested principal suspects and two neutralised gang members on Sunday. Operatives rescued the victims, Olaide…
The Nigerian Air Force has deployed specialised aerial surveillance aircraft to track bandits who abducted dozens of school children and teachers in Oyo State. Armed criminal gangs seized 18 primary pupils, seven secondary students, and seven teachers during coordinated raids on communities in the Oriire Local Government Area. One teacher died during the initial assault…
Federal tactical operatives have killed two suspected kidnappers during a late-night raid to rescue the sister and twin sons of a former minister. Operatives from the Intelligence Response Team stormed a hideout in Ibadan on Saturday evening to free the hostages unharmed. The successful raid followed three days of intensive digital tracking and surveillance across…
Google will pay SpaceX approximately 920 million dollars per month to secure massive artificial intelligence computing capacity. The tech giant disclosed the multi-billion-dollar cloud services agreement on Friday in a regulatory filing with the Securities and Exchange Commission. Under the terms of the contract, Google will gain access to a cluster of roughly 110,000 Nvidia…
Democratic senators have forced a vote on Donald Trump’s controversial 1.8 billion dollar settlement fund. The opposition party used a marathon legislative session known as a “vote-a-rama” to compel lawmakers to state their positions on the record. This maneuver targeted a fiscal structure that critics call a presidential piggy bank. It places congressional allies of…
Elon Musk’s rocket and satellite firm, SpaceX, is seeking a market valuation of nearly $1.77 trillion in its upcoming public debut. According to regulatory disclosures filed on Wednesday, the company plans to offer 555.6 million shares priced at a fixed $135 each. The corporate move aims to generate approximately $75 billion in fresh capital, representing…
Gunmen have kidnapped the younger sister and nephews of former Minister of Power, Adebayo Adelabu, in Ibadan. The assailants intercepted 43-year-old Mrs Olaide Busayo Adegoke John-Paul at approximately 7:30 a.m. in the Challenge area of Ibadan South West Local Government Area. The attackers forcefully seized her alongside her 12-year-old twin sons, Peter and Paul, during…
