Tag: Nigeria

Court Sends Omoyele Sowore to Kuje Prison Over Cybercrime Charges
Breaking News

Court Sends Omoyele Sowore to Kuje Prison Over Cybercrime Charges

The Federal High Court in Abuja has ordered the remand of activist and African Action Congress (AAC) presidential candidate Omoyele Sowore at the Kuje Correctional Centre. Sowore will remain in custody until Wednesday, when the court resumes hearing his trial over a two-count cybercrime charge filed by the Department of State Services (DSS). The charges […]

Troops Neutralise Two Bandits, Arrest Four in Kaduna Crackdown
Breaking News Trending

Troops Neutralise Two Bandits, Arrest Four in Kaduna Crackdown

Nigerian troops under Operation Fansan Yamma have intensified operations against bandits in Kaduna State, killing two suspected bandits, arresting four others, and recovering rustled livestock, weapons, motorcycles, and electronic devices. The operations, carried out between June 20 and 21, followed credible intelligence on cattle-rustling activities. Troops intercepted fleeing suspects, leading to a gun battle that […]

Naira to Dollar Exchange Rate Falls to N1,355$ Amid FX Pressure
Breaking News Business

Nigeria’s FX Market Records $2.32 Billion Turnover as Demand for Dollar Hedging Rises

Nigeria’s foreign exchange (FX) market recorded stronger trading activity in the week ended June 19, 2026, with total turnover rising 7.7% to $2.323 billion, according to data from FMDQ Securities Exchange. The growth was driven mainly by increased activity in the FX Spot market, which accounted for 98.4% of all transactions. Spot turnover climbed to […]

Land Use Conflicts Threaten Nigeria’s Stability – Bagudu Warns
Trending

Land Use Conflicts Threaten Nigeria’s Stability – Bagudu Warns

Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has raised concerns over the growing threat of land use conflicts in Nigeria, warning that they pose a serious risk to national stability. Speaking in a statement on Tuesday, Bagudu explained that many clashes across both urban and rural communities are driven by poor land […]

NNPC Cawthorne Crude Export: Nigeria Records New Oil Milestone
Trending

NNPC Cawthorne Crude Export: Nigeria Records New Oil Milestone

Nigeria has taken another bold step in the global oil market as the Nigerian National Petroleum Company Limited (NNPC) successfully completes its first NNPC Cawthorne crude export, marking a fresh milestone in the country’s energy sector. This latest development shows that Nigeria is not slowing down in its mission to increase oil production and strengthen […]

Afreximbank Leads $4bn Financing Deal to Strengthen Dangote Refinery
Business

Afreximbank Leads $4bn Financing Deal to Strengthen Dangote Refinery

A major financial boost has arrived for Nigeria’s oil sector as African Export-Import Bank steps in with significant funding for Dangote Petroleum Refinery and Petrochemicals. This strategic move is expected to stabilize the refinery’s operations and position it for long-term growth. It marks a key development that could reshape fuel production in Nigeria and across […]

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