News

LG Autonomy: ₦4.5tn funds still diverted 1yr after S/Court ruling–Adeyanju

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Ukpono Ukpong Human rights lawyer and political activist, Deji Adeyanju, has raised alarm over the non-implementation of the landmark Supreme Court judgment delivered on July 11, 2024, which affirmed the constitutional and financial autonomy of Nigeria’s 774 local government areas. Despite

Politics

ADC to Shettima: Stand By Your Words,Tinubu Has No Power To Remove Fubara

DailyTimesNGR DailyTimesNGR 12 July 2025 0

…Demands immediate restoration of democratic governance in Rivers By Tunde Opalana The African Democratic Congress (ADC) has urged the Vice President, Senator Kashim Shettima to be courageous enough to stand by his truthful statement that Nigeria’s president has no power to remove a democratically elected governor of a state. The party, therefore, dismissed the

News

Nigeria, Sweden launch bilateral cooperation on youth empowerment

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Msugh Ityokura Nigeria and Sweden on Tuesday launched a new phase of bilateral cooperation anchored on youth empowerment, inclusive education, and grassroots development, as the 2025 Nigeria-Sweden Parliamentary Friendship Group Summit opened at the National Assembly. The summit, themed “Strengthening Bilateral Relationship through Education, Trade, Investment, and

News

U.S. dismisses BRICS, deportation links to visa validity reduction

DailyTimesNGR DailyTimesNGR 12 July 2025 0

…says move not targeted at Nigeria By Ukpono Ukpong The United States Mission in Nigeria has dismissed speculations linking the recent reduction in visa validity for Nigerians to the country’s foreign policy choices, deportation-related issues, or its perceived association with emerging global blocs like BRICS. The clarification came in a post on its official X […]

News

Ex-Gov Nyako, EFCC move to settle alleged N29bn fraud case out of court

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Andrew Orolua After a decade of legal battle in Court, a former Governor of Adamawa State, Rear Admiral Muritala Nyako, rtd, has opted for an out of court settlement in a N29bn alleged fraud case brought against him by the Economic and Financial Crimes Commission, EFCC, in 2015. An indication to this effect emerged […]

News

Troops bursts arms syndicate,arrest suspects , recover gun in Taraba

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Andrew Orolua Troops of 6 Brigade Nigerian Army deployed at Forward Operating Base (FOB) Wukari have dismantled a gunrunning syndicate operating within the Southern region of Taraba State. Acting on credible intelligence regarding the activities of gunrunners at a settlement in Byepi Village along Tsukundi Road, in Wukari Local Government Area, the troops swiftly […]

News

NLC, NSITF in fierce clash over Abuja land ownership

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Ukpono Ukpong A fierce dispute has erupted between the Nigeria Labour Congress (NLC) and the Nigeria Social Insurance Trust Fund (NSITF) over the ownership of two plots of land in Abuja. The clash followed a public notice issued by NSITF declaring key land documents as lost and warning the public against dealing with any […]

Politics

Businessman urges support for Gov. Otti, dismisses defection rumours

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Theresa Donatus A prominent Nigerian businessman based in Côte d’Ivoire, Mr. Ikechukwu Nlewedim, has called on the people of Abia State to remain focused and avoid being distracted by speculations surrounding Governor Alex Otti’s alleged defection plans. Addressing journalists at the Port Harcourt International Airport, Omagwa, Mr. Nlewedim, who is the

Top Stories

Only 20% Nigerians Are Food Secured – Agric Ministry

DailyTimesNGR DailyTimesNGR 12 July 2025 0

By Tunde Opalana Despite concerted efforts by the Federal Government and assistance from international bodies, only 20 percent Nigerians are food secured as the rest 80 percent do not have assurance of their next meals. This shocking disclosure was made by Alhaji Nuhu Kilishi, Director of the Nutrition and Food Safety Department, Federal Ministry of […]

Maritime

Nigeria’s crude grades rise to $72/brl as red sea tensions disrupt supply

DailyTimesNGR DailyTimesNGR 12 July 2025 0

BY MOTOLANI OSENI Nigeria’s premium crude blends—Bonny Light, Brass River, and Qua Iboe—have appreciated to $72.3 per barrel, as regional instability in the Red Sea intensifies concerns over global oil supply. This price surge comes amid renewed attacks by Yemen’s Houthi rebels on commercial shipping. On Tuesday, four crew members aboard the Liberian-flagged bulk carrier

Economy

DMO dismisses N611bn debt report, confirms March bond service at N67.99bn

DailyTimesNGR DailyTimesNGR 12 July 2025 0

BY MOTOLANI OSENI The Debt Management Office (DMO) has refuted reports claiming that the Federal Government spent N611.71 billion servicing a domestic US Dollar-denominated bond in March 2025, clarifying that the actual figure was N67.99 billion. In a statement released on Thursday, the DMO described the widely circulated figure as “completely inaccurate,” stressing that

Business

Alternative Bank champions SDG action ahead of Africa Impact Summit

DailyTimesNGR DailyTimesNGR 12 July 2025 0

The Alternative Bank has reiterated its commitment to advancing sustainable development across Africa, as it prepares for the 2025 Africa Social Impact Summit (ASIS), taking place July 10–11 in Lagos. ASIS, co-hosted by Sterling One Foundation and the United Nations Nigeria, is expected to convene government officials, civil society leaders, development agencies, and

Maritime

Lekki Port launches cargo transhipment to Ghana, Togo, others

DailyTimesNGR DailyTimesNGR 12 July 2025 0

BY TEMITOPE ADEBAYO The $1.5 billion Lekki Deep Seaport has commenced full-scale international cargo transshipment to key West African countries, including Ghana, Togo, Benin Republic, and Côte d’Ivoire, in a move set to boost Nigeria’s profile as a regional maritime hub. This milestone was confirmed by the port’s management on Thursday, with projections to increase […]

Business

Bigi-Fuelled Nigerian Idol Wins AMVCA, Honours Rite Foods

DailyTimesNGR DailyTimesNGR 12 July 2025 0

BY TEMITOPE ADEBAYO The Top 10 contestants of Nigerian Idol Season 10 paid a courtesy visit to Rite Foods Limited, the headline sponsor of the iconic music reality show, in a moment that celebrated shared success, continuous brand commitment, and the growing synergy between corporate Nigeria and the creative industry. A key highlight of the […]

Economy

Stanbic IBTC advises Tolaram on Guinness Nigeria takeover offer

DailyTimesNGR DailyTimesNGR 12 July 2025 0

BY TEMITOPE ADEBAYO Stanbic IBTC Capital has successfully facilitated the completion of Tolaram’s mandatory takeover offer (MTO) for Guinness Nigeria Plc, deepening the multinational’s stake in the iconic brewer. The investment banking subsidiary of Stanbic IBTC acted as Sole Financial Adviser to Tolaram—operating through N Seven Nigeria Limited—on the MTO to minority

Transportation

Nigeria’s Electric Vehicles push falters over power, policy and price

DailyTimesNGR DailyTimesNGR 11 July 2025 0

BY TEMITOPE ADEBAYO As the global auto industry continues its aggressive shift toward Electric Vehicles (EVs), Nigeria finds itself at a critical crossroads: join the movement or risk being left behind in a fast-advancing technological evolution. While electric mobility is gaining traction in Europe, Asia, and even parts of Africa, the story is different in […]

Transportation

Toyota, NADDC, Carloha, others back 2025 Auto Summit

DailyTimesNGR DailyTimesNGR 11 July 2025 0

BY TEMITOPE ADEBAYO The forthcoming Nigeria Auto Industry Summit (NAISU) slated for July 31st, 2025 in Lagos is gathering steam as National Automotive Design and Development Council and other automobile giants have endorsed it and put their weight behind the event. Toyota Nigeria Limited, Carloha, Weststar Associates Limited, Lanre Shittu Motors (LSM) and Nord are […]

News

Reforms in auto industry vital to economic growth-Oyebanji

DailyTimesNGR DailyTimesNGR 11 July 2025 0

BY TEMITOPE ADEBAYO Ekiti State Governor, Biodun Oyebanji, has revealed that the potential in the country’s automotive sector can ensure economic growth and sustainable development in Nigeria. The governor who explained that the sector should be a place for creative and innovative ideas and reforms, especially in the technological space in line with the 21st-century […]

Business

Investors gain N1.75trn as ASI rises 2.01% on MTNN, banking stocks

DailyTimesNGR DailyTimesNGR 11 July 2025 0

BY MOTOLANI OSENI The Nigerian equities market extended its winning streak into the fourth consecutive session, with investors recording a N1.75 trillion gain as the NGX All-Share Index surged by 2.01 per cent to close at 124,446.80 points on Thursday. Market capitalisation rose in tandem by 2.28 per cent to settle at N78.72 trillion, up […]

Business

Financial fraud jumps 45%, digital platforms account for 70% of losses-CBN

DailyTimesNGR DailyTimesNGR 11 July 2025 0

BY TEMITOPE ADEBAYO The Central Bank of Nigeria (CBN) has reported a 45 per cent increase in financial fraud cases in the country within a year, with 70 per cent of the resulting losses linked to digital platforms, particularly unregulated virtual asset schemes. CBN Governor, Mr Olayemi Cardoso, disclosed this in a speech delivered on […]