News

The Ibadan Electricity Distribution Company (IBEDC) has apologized for the inconvenience caused by the ongoing electricity supply difficulties across its franchise. IBEDC Public Relations Officer, Daniel Adugbo, in a statement issued on Saturday, March 7, 2026, attributed the situation to challenges affecting power generation and supply from the national grid. Adugbo said the shortage of gas supply to power generation …

President Bola Ahmed Tinubu’s Special Adviser on Policy Communications, Daniel Bwala, has spoken in defense of comments made to President Bola Ahmed Tinubu, that there is no corruption in Nigeria. Bwala, who also defended the president’s economic reforms, argued that the president’s comments were taken out of context based on what he meant. He spoke during an interview with Journalist, …

Benue State House of Assembly Minority Leader, Abu Umoru has announced his decision to leave the opposition Peoples Democratic Party (PDP) and join the ruling All Progressives Congress (APC). Umoru, representing Apa/Agatu State Constituency, has assumed the role of minority leader towards the end of 2025 following the defection of the former Majority Leader. In Thursday’s plenary session, Benue State …

The Lagos State Police Command has refunded ₦150,000 to a woman who alleged that officers of the state tactical squad kidnapped her and two friends and demanded ₦800,000 for their release. The victim, Helena Nelson Ikoi, revealed the development on her Facebook page after she visited the police station with a friend, Jude, to meet the Divisional Police Officer (DPO) …

The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient and future-ready financial institution. This statement reflects the Bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation and …

The Labor Party’s presidential candidate for the 2023 election admits that he is not intimidated by the number of governors who are now under the banner of the All Progressives Congress (APC). Obi has insisted that he will contest the 2027 presidential election, despite efforts by some political actors to prevent him from running. He spoke on Friday in Nimo, …

Investors earned N2.67 trillion in the just ended trading week as the equity market recovered from last week’s bearish move. The market strengthened in four out of five trading sessions as equity capitalization increased to N126.4 trillion from N123.7 trillion recorded last week. The All-Share Index (ASI) appreciated by 2.16% closing the week at 196,968 from 192,826.78 recorded in the …

Operatives of the Department of State Services (DSS) on Friday 6th, at Eha-Amufu and Umuhu in Isi-Uzo Local Government Area of ​​Enugu State, arrested an alleged notorious commander of the Eastern Security Network (ESN), Sabastine Odo Odam, and Ejike Daniel, a suspected member of the Indigenous People of Biafra (IPOB). The reports cite security sources as saying the arrest followed …

Social media commentator Martins Otse, known as VeryDarkMan, has criticized actress Tonto Dikeh following a viral video showing her conducting a “liberation” session during a visit to a school. The critic accused the actress of turning situations involving students into social media content rather than providing meaningful support to children. Tonto Dikeh previously shared several clips on Friday, March 6, …

Ahead of the recapitalization deadline of March 31, 2026, the Central Bank of Nigeria (CBN) revealed that 30 banks have met the minimum capital requirements. On March 28, 2024, the apex bank announced an increase in the minimum capital requirements of banks. Under the recapitalization framework, international commercial banks must have ₦500 billion, national banks ₦200 billion, regional banks ₦50 …