News

President Donald Trump says he believes Iran’s newly installed supreme leader, Mojtaba Khamenei, is alive but may be injured after the outbreak of conflict involving Iran, Israel and the United States. Khamenei has not appeared in public since he was chosen by a clerical council to lead the country following the assassination of his father, Ali Khamenei, in the early …

Nigerian Army troops have successfully thwarted an ambush carried out by suspected armed criminals in Odonget Community, Obubra LGA, Cross River State, Nigeria, killing four assailants in a gunfight following security intervention in the area. This operation was carried out by soldiers from the 13th Brigade of the Indonesian Army to address tensions arising from communal disputes in society. In …

The wives of five engineers of NELAN Construction Ltd, who were abducted by gunmen in November 2021, have implored President Bola Tinubu, Senate President Godswill Akpabio and President Tajudeen Abbas to mobilize the Department of State Services (DSS) and the police to facilitate the release of their husbands. The engineers were said to have been working on the African Development …

United States Central Command (CENTCOM) has confirmed that four American service members died after a Boeing KC‑135 Stratotanker aerial refueling aircraft crashed in western Iraq. According to the US military, the crash occurred on Thursday afternoon but was not related to enemy action. In a statement posted on X on Friday, CENTCOM revealed that rescue operations were still ongoing at …

The Abuja Court of Appeal on Friday overturned the decision to dismiss Abubakar Gummi as a member of the House of Representatives. Justice Obiora Egwuatu of the Federal High Court, Abuja, on October 30, 2025 dismissed the lawmaker for switching from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). In a unanimous decision on Friday, a three-member …

Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has said Nigeria’s new tax regime is structured to reduce the financial burden on workers and small businesses, while strengthening the country’s fiscal stability and economic competitiveness. Speaking at the BusinessDay Tax Reform Conference 2026 themed “Navigating the new tax regime: what it means for your wallet”, Tegbe described …

The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has flayed the past administrations of the Central Bank of Nigeria (CBN) for straying from its core mandates and dabbling into fiscal policies under the guise of developing financial activities. This is even as the apex bank’s czar disclosed that under the past administrations, there was also a lack …

Investors in the Nigerian equity market earned N962 billion at the close of trading on Friday. This follows a surge in the prices of shares such as UPL, Guinness and Royalex on the stock exchange floor. The benchmark All-Share Index (ASI) increased to 198,407.3 points from 196,908.76 points recorded the previous day. After five hours of trading on the capital …

Residents of the Federal Capital Territory (FCT) have expressed concern over the increase in transport fares following the recent increase in petrol prices at the pump across the country. The pump price of petrol was previously sold between N835 and N875 in the FCT, now it is sold between N1,200 and N1,350. Following the increase, transport fares increased by approximately …

Nigeria’s currency, the naira, strengthened further against the United States dollar at the official window on Friday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,366.23/$1, compared with N1,371.50/$1 on Thursday. This represents a gain of N5.27 for the local currency against the dollar. On the black market, the naira rose N30 against …