Banks Shore Up with N4.65tn in CBN Recap Drive
The Central Bank of Nigeria (CBN) has officially concluded its two-year banking sector recapitalisation programme, with 33 banks raising a total of N4.65 trillion in fresh capital to meet new regulatory requirements. The exercise, which began in March 2024, ended at the close of business on Tuesday, marking a significant milestone in efforts to strengthen […]
2027 in Peril: Momodu Flags Tinubu’s Solo Bid
Media entrepreneur Dele Momodu has claimed that President Bola Tinubu is positioning himself to become the sole candidate in the 2027 presidential election. Momodu’s comments followed the Independent National Electoral Commission’s (INEC) recent decision to de-recognize the leadership of the African Democratic Congress (ADC) led by David Mark, citing its interpretation of a Court of […]
Pakistan Balances Iran Mediation Role While Engaged in Escalating Conflict With Afghanistan
Pakistan is intensifying diplomatic efforts to help end the war involving Iran, even as it faces a deepening and deadly conflict with neighboring Afghanistan. Islamabad has emerged as a key intermediary in efforts to broker peace between the United States and Iran, offering to host potential negotiations in its capital. President Donald Trump has indicated […]
China and Pakistan Unveil Ceasefire Plan to End Iran War, Reopen Hormuz
China and Pakistan on Tuesday introduced a joint initiative aimed at ending the war involving Iran, calling for an immediate ceasefire and the reopening of the Strait of Hormuz. The proposal was developed during a meeting in Beijing between Pakistan’s Foreign Minister Ishaq Dar and China’s top diplomat Wang Yi. Following their talks, both sides […]
Trump to Attend Supreme Court Hearing on Birthright Citizenship in Historic First
President Donald Trump is expected to attend a Supreme Court hearing this week on birthright citizenship, marking what would be the first time a sitting U.S. president has been present for oral arguments at the nation’s highest court. The U.S. Supreme Court is set to hear arguments Wednesday on Trump’s appeal of a lower court […]
Senate Approves $6bn Loan for Budget, Ports Revamp
The Nigerian Senate has approved President Bola Ahmed Tinubu’s request to secure $6 billion in external loans, creating fresh fiscal space to fund budget deficits and modernise key port infrastructure. The approval followed the consideration of two separate requests presented during plenary by Senate President Godswill Akpabio, with lawmakers granting swift backing after an expedited […]
Akpabio Orders By-Elections for Three Senate Seats
The President of the Senate, Godswill Akpabio, has declared three senatorial seats vacant following the deaths of serving lawmakers. The affected constituencies are Enugu North, Nasarawa North, and Rivers South-East Senatorial Districts. The announcement was made during plenary, with the Senate President stating that the action aligns with constitutional provisions governing legislative vacancies. “Due to […]
Bauchi Governor Bala Mohammed to Join ADC Amid PDP Leadership Crisis
Bauchi State Governor Bala Mohammed and his supporters are set to formally join the African Democratic Congress (ADC) on Thursday, following a prolonged leadership crisis in the Peoples Democratic Party (PDP). Mohammed hinted at the defection on Tuesday while hosting ADC leaders, including former Secretary to the Government of the Federation Babachir Lawal, at the […]
Adelabu Denies Resignation Amid 2027 Governorship Speculation
Bolaji Tunji, special adviser on strategic communications to Bayo Adelabu, has denied circulating reports that the minister resigned to contest the 2027 Oyo governorship election. The clarification followed the viral circulation of a purported resignation letter on Tuesday, which Tunji said did not originate from Adelabu’s office. “He has not resigned. That letter of resignation […]
FG to Disburse Over ₦1bn Grants to MSMEs Under 2026 Natonal Awards
The Federal Government has announced plans to allocate over ₦1 billion to Micro, Small and Medium Enterprises (MSMEs) under the 2026 National MSME Awards, signalling a shift toward direct financial support for businesses. Senior Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, revealed the details during a briefing in Abuja on Tuesday. […]
