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Atiku Abubakar has cautioned President Bola Tinubu against further external borrowing. The former Vice President labelled the government’s latest $516 million loan request as reckless. The administration seeks these funds to support the Sokoto-Badagry superhighway project. This proposal currently awaits Senate approval. Atiku argues the government lacks a transparent repayment framework for such debt. The…
The Nigerian naira holds steady in both official and parallel foreign exchange markets this week. Official rates at the Nigerian Foreign Exchange Market (NFEM) hover between ₦1,350 and ₦1,355 per dollar. This performance reflects the Central Bank of Nigeria’s managed float system. The regulator attempts to curb sharp volatility through intermittent interventions. Market sentiment remains…
Aliko Dangote plans to construct a 650,000 barrels-per-day refinery in East Africa, aiming to replicate the scale of his Lagos-based facility. The billionaire industrialist announced this intent at the “Africa We Build” summit in Nairobi on Thursday. He stated that his group is ready to proceed if regional governments provide the necessary support. The proposed…
Afrobeats star Asake has confirmed the release date for his fourth studio album, M$NEY, set to arrive on May 1, 2026. The singer shared the news through a cryptic teaser on Instagram, sparking immediate buzz across digital platforms. This project follows a prolific period for the artist, marked by a steady stream of high-profile singles…
Britain has taken a sweeping legislative step against tobacco use, with both chambers of parliament passing a landmark bill that permanently prohibits anyone aged 17 and under from ever purchasing cigarettes in their lifetime regardless of how old they eventually become. The Tobacco and Vapes Bill, now awaiting royal assent to become law, targets…
A Kaduna State High Court has rejected the bail application of former Kaduna Governor Nasir El-Rufai, ruling that the gravity of a nine-count charge against him and credible fears of witness interference were sufficient grounds to deny his release pending trial. Justice D.H. Khobo of the Kaduna Judicial Division delivered the ruling on April…
Barcelona forward Lamine Yamal has suffered a hamstring injury to his left leg, though the Spanish club says the teenage sensation is expected to recover in time for the 2025 FIFA World Cup, which opens on June 11. The club confirmed the injury on Thursday following medical tests. “Tests have confirmed that first-team player…
President Bola Tinubu has formally approached the Senate for authorisation to secure a $516,333,070 syndicated loan from Deutsche Bank AG, a facility intended to bankroll the initial sections of the Sokoto–Badagry Super Highway. The request, contained in a letter addressed to Senate President Godswill Akpabio and read during Thursday’s plenary, marks the administration’s latest…
Iran has begun reaping cash from its stranglehold on the Strait of Hormuz, with a senior parliamentary official confirming on Thursday that the first toll fees imposed on commercial shipping have been deposited into the country’s Central Bank. “The first revenue received from the Strait of Hormuz tolls was deposited into the Central Bank…
The family of John Arum Azi, a student of the University of Jos (UNIJOS), has confirmed his release from captivity following 10 days of gruelling negotiations and the payment of a N6 million ransom to his abductors. Azi, who studies Early Childhood Education at the institution, was abducted while travelling from Jos, Plateau State, to…
