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The Central Bank of Nigeria (CBN) has formally announced the conclusion of its 24-month banking sector recapitalisation programme, with participating lenders raising a combined N4.65 trillion in fresh capital. Domestic investors accounted for 72.55 per cent of the total funds raised, contributing approximately N3.37 trillion, while international investors supplied the remaining 27.45 per cent,…
The Federal Government has declared Friday, April 3, and Monday, April 6, as public holidays to mark the 2026 Easter celebrations. Olubunmi Tunji-Ojo, Minister of Interior, confirmed the dates in a Wednesday statement, formalising the traditional four-day break for the Christian season. Good Friday and Easter Monday remain pillars of the national calendar, offering a…
A sudden electrical spark forced the temporary closure of Terminal 3 at Murtala Muhammed International Airport on Tuesday. The incident occurred at approximately 2:05 pm, triggering smoke within an operational office and sparking panic among travellers. Emergency responders from the Aerodrome Rescue and Firefighting Services moved quickly to contain the situation before it could escalate…
The United Kingdom will host an emergency summit of 35 nations on Thursday to address the paralysis of the Strait of Hormuz. Prime Minister Keir Starmer announced the virtual talks as the US-Israeli conflict with Iran effectively chokes the world’s most vital energy artery. Foreign Minister Yvette Cooper will lead the session to weigh…
Russia has vowed to sustain its energy support for Cuba following the arrival of 730,000 barrels of crude in Matanzas. Foreign Ministry spokeswoman Maria Zakharova described the island as Russia’s “closest friend” in the Caribbean, insisting that Moscow has no right to abandon its ally. The shipment, delivered by the tanker Anatoly Kolodkin, ends a…
Fresh violence erupted in Jos on Wednesday, barely hours after the Plateau State government relaxed a 48-hour curfew. Sporadic clashes broke out across several districts, shattering the brief window of “relative calm” promised by the authorities. Panic-stricken traders, who had only just reopened their stalls for the 7:00 a.m. to 3:00 p.m. business window, were…
Former Kaduna State Governor, Nasir El-Rufai, is currently at the Federal High Court in Kaduna where the presiding judge is expected to deliver a ruling on his bail application in the ongoing trial bordering on alleged financial improprieties. The court had on Tuesday adjourned the ruling on the bail application filed by the former…
Nigerian domestic airlines lost N32.5 billion to a staggering 50,800 flight disruptions in 2025. A report by Aeronexus Partners reveals that over half of all scheduled flights last year suffered either a delay or an outright cancellation. Out of 87,650 flights operated, 45,320 were delayed, while 5,480 never left the tarmac. This fiscal haemorrhage strikes…
Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has called for the immediate suspension of all ongoing political campaigns across the country, warning that premature electioneering is undermining governance and worsening insecurity ahead of the 2027 general elections. Falana, who serves as Chair of the Alliance on Surviving COVID-19 and Beyond (ASCAB),…
Recovery efforts for Victor Osimhen have entered a new phase, with Turkish club Galatasaray confirming the striker has resumed light indoor training following a recent injury. The development marks a significant step in the rehabilitation of the Nigerian international, who has been sidelined since sustaining a fractured right forearm during a UEFA Champions League…
