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The Central Bank of Nigeria has abruptly halted its monetary easing cycle, frozen by an unexpected resurgence of global and domestic price pressures. The Monetary Policy Committee voted unanimously to maintain the benchmark interest rate at 26.5 per cent, defying previous expectations of progressive rate cuts. Central bank officials chose this cautious hold to protect…
The Federal Capital Territory High Court in Abuja dismissed a massive $19.6m lawsuit against the Nigerian National Petroleum Company Limited, terminating a prolonged battle over disputed professional fees. Justice Hamza Mu’azu threw out the case filed by Alternate Dimensions Ventures Limited, ruling that the firm’s claims completely lacked legal merit. The legal victory insulates the…
The planet is on track to burn past its hottest year on record before 2031. A grim update from the World Meteorological Organisation states that global temperatures will hover near peak thresholds for the next five years. Humanity has already clocked the eleven warmest years on record since 2015, and the trend shows no sign…
The federal government deployed barely a quarter of its massive N11.89trn new borrowing to build infrastructure, exposing a deep rift between state debt expansion and visible development. Fresh figures from the Budget Office of the Federation reveal that capital projects received just N3.10trn during the first nine months of last year. Meanwhile, the state comfortably…
A fast-moving Ebola outbreak in the Democratic Republic of Congo has crossed tragic milestones, catching health authorities flat-footed. The World Health Organisation reported nearly 1,000 suspected cases and 220 deaths tied to the virus. Global health leaders concede that the epidemic is actively outrunning containment measures on the ground. Compounding the crisis, the virus has…
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…
The Presidency has called for legal action against social media influencer Martins Vincent Otse, popularly known as VeryDarkMan (VDM), over the circulation of an alleged doctored audio recording involving President Bola Ahmed Tinubu, escalating an already tense relationship between the Tinubu administration and one of Nigeria’s most influential online personalities. Special Adviser to the President…
Canada and The Bahamas have joined the United States in imposing temporary travel restrictions tied to the worsening Ebola outbreak in central and east Africa, a coordinated tightening of borders that underscores mounting international anxiety over the virus’s cross continental spread. The measures specifically target travellers arriving from the Democratic Republic of the Congo, Uganda…
YouTube will begin automatically detecting and labelling artificial intelligence generated content on its platform, marking a significant departure from its previous self disclosure policy and signalling a tougher stance by the Google owned video giant on the rising tide of synthetic media. The platform announced the policy shift in a blog post published on…
Former Labour Party presidential candidate, Peter Obi, has voiced strong concern over the persistent abduction and prolonged captivity of Nigerian schoolchildren, warning that the country’s inability to protect its youngest citizens reflects a national failure that has begun to define Nigeria’s standing in the global community. His intervention follows a particularly devastating three day…
