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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…
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 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…
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…
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 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…
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…
Factional national chairman of the Labour Party (LP), Julius Abure, has advised Senator Seriake Dickson, national leader of the Nigeria Democratic Congress (NDC), to be cautious in his alliance with Peter Obi and his supporters, warning that the party could face challenges similar to those experienced by the LP after the 2023 general election,…
The widow of late Portugal forward Diogo Jota has urged Scotland captain Andrew Robertson to carry her husband’s World Cup dream with him as he prepares to lead his country at football’s biggest tournament. Jota died aged 28 in a car crash last July, alongside his brother Andre Silva, after helping Portugal secure qualification…
National Chairman of the Peoples Redemption Party, Hakeem Baba-Ahmed, has urged Nigerians to set aside regional sentiment in choosing leaders and to back candidates with competence, integrity and vision, declaring himself fully comfortable as a northerner supporting a southern presidential candidate. Baba-Ahmed made the call while featuring in the News Agency of Nigeria Personality…
