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NDDC MD Ogbuku arrested over alleged N20bn coup plot financing

Awwal Owolabi 29 October 2025 0

Samuel Ogbuku, managing director of the Niger Delta Development Commission (NDDC), has reportedly been arrested by military intelligence for allegedly co-sponsoring a failed coup plot against President Bola Ahmed Tinubu. According to military intelligence sources, Ogbuku, who is known to be a

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House of Reps moves to establish Fintech Regulatory Commission

Msugh Ityokura 29 October 2025 0

The House of Representatives has begun consideration of a bill to establish the Nigeria Fintech Regulatory Commission to oversee the country’s fast-growing financial technology industry. Sponsoring the bill, Hon. Fuad Kayode Laguda said the legislation aims to provide a comprehensive framework for regulating digital financial services, protecting consumers, and encouraging

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FG urges South-East businesses to maximize ECOWAS free trade scheme

our reporters 29 October 2025 0

The Federal Government has urged entrepreneurs in Nigeria’s Southeast to take advantage of the ECOWAS Trade Liberalisation Scheme (ETLS) to expand trade across West Africa. Speaking at a one-day sensitization workshop in Enugu themed “Increasing Intra-Regional Trade through ETLS,” Ambassador Olawale Emmanuel Awe, Director of the ECOWAS National Unit at the Ministry of

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West Africa’s future lies in regional trade, SME empowerment — Odumegwu-Ojukwu

Ukpono Ukpong 29 October 2025 0

Minister of State for Foreign Affairs Bianca Odumegwu-Ojukwu says West Africa’s prosperity depends on strengthening regional trade and empowering small and medium enterprises (SMEs) to participate more actively in cross-border commerce. Speaking Tuesday at the ECOWAS Trade Liberalization Scheme (ETLS) Sensitization Workshop in Enugu, the minister said the initiative was

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After backlash, Tinubu reviews pardon list, drops serious offenders

Vincent Afolabi 29 October 2025 0

President Bola Tinubu has ordered the removal of persons convicted for kidnapping, drug trafficking, human trafficking, fraud and unlawful possession of firearms from the list of beneficiaries of the federal government’s prerogative of mercy. Bayo Onanuga, special adviser to the president on information and strategy, said in a statement on Wednesday that the decision

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ZSUBEB commences construction of new mega school in Zamfara 

john bassey 29 October 2025 0

The Zamfara state Universal Basic Education Board has commenced the construction of new mega school at Hayin Buba area of Gusau. The Executive Chairman of the Zamfara State Universal Basic Education Board (ZSUBEB), Professor Nasir Garba Anka, Makaman Sokoto South, formally handed over  the site to GUPRAN ENGINEERING SERVICES LTD  for the commencement of construction […]

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TCN announces phased power cuts in Apo, Asokoro, Jabi over road project

Awwal Owolabi 29 October 2025 0

The Transmission Company of Nigeria (TCN) has announced that some parts of the Federal Capital Territory (FCT) will experience temporary power outages due to ongoing road construction along the Kuje axis. In a statement on Tuesday, TCN said the construction project, handled by the Federal Capital Development Authority (FCDA), will run from Tuesday, October 28, […]

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Senate prioritizes screening of new service chiefs, suspends debt debate

Awwal Owolabi 29 October 2025 0

The newly appointed service chiefs have arrived at the National Assembly for screening by the Senate and House of Representatives. The Senate on Wednesday suspended consideration of a report on external borrowing to prioritise the confirmation of the military chiefs, citing the urgency of national security matters. Senators had begun debating the report when Tahir […]

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Minister seeks urgent reform of Nigeria’s Foreign Service Academy

Tom Okpe 29 October 2025 0

Minister of Foreign Affairs Yusuf Tuggar has called for urgent reforms at Nigeria’s Foreign Service Academy, warning that years of neglect have weakened the country’s diplomatic capacity. Speaking at the closing ceremony of the Academy’s 26th Regular Course in Abuja, where he represented Vice President Kashim Shettima, Tuggar said the decline of the institution reflected

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State assemblies, others back bill to establish National Assembly Security Directorate

Msugh Ityokura 29 October 2025 0

Several state Houses of Assembly and key stakeholders have expressed support for the creation of a Legislative Security Directorate in the National Assembly, even as the Nigeria Police Force and some security agencies raised concerns about aspects of the proposal. The positions were presented Tuesday during a public hearing organised by the House of Representatives […]

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Leventis Foundation awards N2m grant, training to youth agripreneurs

Ukpono Ukpong 29 October 2025 0

The Executive Director of Leventis Foundation Nigeria, Hope Usieta, has announced that young Nigerian agripreneurs will have the opportunity to access up to ₦2 million in grants, as well as specialized training and mentorship, at the forthcoming 2025 Agricultural Youth Summit scheduled for November 6 in Abuja. Usieta disclosed this on Tuesday during a pre-summit […]

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Removal From FATF Grey List Has Boosted Investor Confidence – Senate 

Tunde Opalana 29 October 2025 0

The Senate on Tuesday described  as a positive development for Nigeria’s economy, the removal of the country from the grey list of the Financial Action Task Force (FATF). The parliament was delightful to note that the removal has boosted investor confidence, enhanced Nigeria’s reputation in the global financial system. It also noted that Nigerian financial […]

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Wike unveils Abuja’s Smart City vision at global Mayors’ Forum in Dubai

Ukpono Ukpong 29 October 2025 0

The Federal Capital Territory (FCT) Minister, Nyesom Wike, on Tuesday unveiled Abuja’s comprehensive Smart City Vision before an international audience of city leaders and policymakers at the 2025 Asia Pacific Cities Summit and Mayors’ Forum in Dubai, United Arab Emirates. Wike said the Smart City initiative is anchored on five strategic pillars including, Urban Mobility,

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Reps advance bill to create new commission for fintech regulation

Awwal Owolabi 29 October 2025 0

A bill seeking to establish the Fintech Regulatory Commission has passed its second reading at the House of Representatives. The bill, sponsored by Fuad Laguda, an All Progressives Congress (APC) lawmaker from Lagos, scaled the second reading during Tuesday’s plenary. Leading the debate, Laguda said the commission is needed to oversee and regulate Nigeria’s rapidly

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Anambra, Lagos lead 2025 fiscal rankings — BudgIT

Promise Eze 29 October 2025 0

  Anambra State has been named Nigeria’s best-performing state in the 2025 Fiscal Performance Ranking, according to BudgIT’s State of States report released on Tuesday. The civic tech organization said Lagos, Kwara, Abia, and Edo completed the top five, while Cross River suffered a steep drop, falling from fifth position in 2024 to 30th this […]

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‘Save our collapsing health system’: Resident doctors appeal directly to Tinubu

Awwal Owolabi 28 October 2025 0

The National Association of Resident Doctors (NARD) has sought the personal intervention of President Tinubu over the non-implementation of their 19-point demands, warning that Nigeria’s health sector is on the verge of collapse. In a letter on Monday, titled ‘A Passionate Appeal to the Commander-in-Chief of the Federation’, the doctors urged Tinubu to address

Business News

Police seal Nestoil headquarters over $1 billion debt

Promise Eze 28 October 2025 0

Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under receivership by a consortium of lenders over a reported $1 billion debt. A Federal High Court sitting in Lagos had, on October 22, 2025, issued an order of Mareva authorising First Trustees and its subsidiary, […]

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Consumer protection: FCCPC Hails Court Judgements Against MultiChoice, Peace Mass Transit 

Tunde Opalana 28 October 2025 0

The Federal Competition and Consumer Protection Commission (FCCPC), has hailed the recent court ruling that awarded five million naira in damages against MultiChoice Nigeria Limited. A notice by Mr Ondaje Ijagwu, FCCPC’s Director of Corporate Affairs in Abuja on Monday, said the Commission also lauded the Enugu High court’s decision declaring Peace Mass Transit’s ‘no […]

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Army raids Sylva’s Abuja residence over alleged coup plot

Awwal Owolabi 28 October 2025 0

Armed personnel of the Nigerian Army have reportedly stormed the Abuja residence of former Bayelsa State Governor and ex-Minister of State for Petroleum Resources, Chief Timipre Sylva. According to multiple security sources, the operation was carried out by a special military team in the early hours of Tuesday at Sylva’s residence in Maitama over an […]

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Peterside calls INEC under Mahmood Yakubu a “national disgrace”

Promise Eze 28 October 2025 0

Atedo Peterside, founder of Stanbic IBTC Bank Plc and Anap Foundation, has described the Independent National Electoral Commission (INEC) under its former chairman, Mahmood Yakubu, as a “national disgrace.” Peterside made the remark on Monday during an interview on Channels Television’s Politics Today, while reacting to President Bola Tinubu’s appointment of Joash Amupitan