Adeleke Writes CBN on LivingTrust Mortgage Bank Oversight

Osun State Governor Ademola Adeleke has written to the Central Bank of Nigeria regarding its regulatory oversight of LivingTrust Mortgage Bank. This comes as the Court of Appeal in Lagos hears an appeal by CitiTrust Financial Services Limited, accused by

Navy Intercepts Stowaways Off Lagos Coast

The Nigerian Navy has intercepted three suspected stowaways aboard the merchant vessel MSC STELLA off Lagos. The operation demonstrates the Navy's commitment to maritime security and search and rescue missions.

Man's Solar Panel Strategy After Landlord Blocks Rooftop

A Nigerian man has shared his innovative strategy for installing solar panels after his landlord refused rooftop access. He created a car park structure to mount the panels, ensuring 24-hour electricity despite the restriction.

United Airlines Plane Evacuated Over Bomb Threat in Denver

A United Airlines flight with approximately 200 passengers was evacuated due to a bomb threat at Denver International Airport. The aircraft was screened and cleared, allowing a delayed departure after passengers received assistance.

Dangote Sugar Gets N500bn Rights Issue Approval

Dangote Sugar Refinery shareholders have approved a N500 billion rights issue to fund expansion and sustainability, with improved financial performance and projects in Taraba, Adamawa, and Nasarawa.

Nigeria's Q1 Economy Resilient Despite Insecurity, Uneven Growth

Nigeria's economy demonstrated steady performance in Q1 2026, with experts highlighting resilience despite challenges like insecurity and uneven sectoral growth. Key economists discussed improvements in macroeconomic stability and the need for reforms.

Petrol Price Hopes Fade Over Iran-US Tensions

Hopes for petrol prices dropping to N900 per litre in Nigeria have dimmed after Iran reclosed the Strait of Hormuz, disrupting global oil supply and fueling market uncertainty amid US-Iran tensions.

Rice Farmers Cry Out as Imports Crash Prices by N13,000

Local rice farmers in Nigeria face a severe crisis as imported rice floods the market, causing prices to drop by N13,000 per 50kg bag. The government's import duty waiver has led to a surge in shipments, threatening livelihoods and domestic production.

Afreximbank 2027 Internship: $1,000 Stipend, Visa Support

The African Export-Import Bank (Afreximbank) has opened applications for its 2027 Internship Programme, offering young Africans a $1,000 monthly tax-free stipend, housing allowance, and visa support to gain hands-on experience in trade finance.

Lagos Deploys 1,710 Toilets to Combat Open Defecation

Lagos State has rolled out 1,710 public toilets and is urging private businesses to open their restrooms to the public as part of a comprehensive strategy to eliminate open defecation and improve sanitation across the city.

FG Bans Imports of Poultry, Cement, Medicine, Adds Green Tax

The Federal Government has implemented sweeping import bans on 17 categories of goods including poultry, cement, and medicines while introducing a 2% environmental levy on high-capacity vehicles as part of the 2026 Fiscal Policy Measures.

FG Borrows N100bn from Dormant Accounts as Debt Mounts

The Nigerian government has raised N100 billion through the Unclaimed Funds Trust Fund, tapping dormant bank accounts and unclaimed dividends to finance budget deficits. This move comes as Nigeria's total public debt reaches N187 trillion, highlighting gr

Safari Owner Killed by Elephant After Vowing Not to Shoot One

Gary Freeman, a 65-year-old safari park owner in South Africa, was fatally trampled by an elephant while leading a tour. He had previously stated he would rather be killed by an elephant than shoot one, highlighting his deep connection to the animals.

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