News

CBN concludes recapitalization with ₦4.65 trillion raised

CBN HQTR The Central Bank of Nigeria on Wednesday announced the successful conclusion of its 24-month banking sector recapitalization programme, confirming that Nigerian investors have provided 72.55% of the ₦4.65 trillion raised since the exercise launched in March 2024, a majority commitment that preceded and anchored participation from international markets. The programme, the most significant capital increase in Nigerian banking …

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The Navy intercepted three Ghanaian stowaways in Lagos

The Nigerian Navy on Wednesday handed over three suspected Ghanaian stowaways rescued from the merchant ship, MT ANATOLIA, to the Nigerian Immigration Service (NIS). Commander of the Nigerian Naval Ship (NNS) BEECROFT, Commodore Aiwuyor Adams-Aliu, told a forum in Lagos that the handover was part of ongoing collaborative efforts between security agencies to curb illegal migration and enhance maritime safety …

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Hezbollah commander killed in Israeli airstrike

A top Hezbollah commander was killed in an Israeli airstrike in the Lebanese capital Beirut. The Israel Defense Forces (IDF) in a statement posted on Telegram on Wednesday identified the slain terrorist as Haji Yusuf Ismail Hashem, Commander of Hezbollah’s Southern Front.” Iran-backed Shiite organizations have not commented on the claims, although Lebanese media reported that Hezbollah confirmed his death. …

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FCMB Capital Markets Secures Top Spot in FMDQ with Raise of N1.53 Trillion

FCMB Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, has mobilized $1.53 trillion in corporate debt capital in 2025 through bond listings and commercial paper listings on FMDQ Securities Exchange Limited. This achievement placed the firm first in FMDQ’s Fixed Income Primary Markets Sponsor Ranking for the year ended December 31, 2025, underscoring its growing influence in …

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Nigeria sees sharp decline in HIV cases, hotspots persist in Lagos, Benue

…Women dominate new infections across major age groups …Experts advocate for targeted interventions as disparities widen Nigeria has seen a sharp decline in new HIV infections nationwide, but new data has identified Lagos State and Benue State as persistent hot spots, with health experts warning that uneven progress could undermine recent progress. The latest data released Wednesday by the National …

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Emefiele: Witnesses told the court that the naira notes were redesigned and manufactured locally

A prosecution witness, Chinedu Eneanya, on Wednesday told the Federal Capital Territory (FCT) High Court that the redesigned naira notes were produced locally at the direction of the late former President Muhammadu Buhari. The Economic and Financial Crimes Commission (EFCC) has charged former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, for alleged disobedience to the law and …

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The court will decide on El-Rufai’s bail application on April 14

Justice Rilwan Aikawa of the Federal High Court, Kaduna, on Wednesday set April 14 for ruling on the bail application filed by former state governor Nasir El-Rufai. The Independent Commission on Corrupt Practices and Other Related Offenses (ICPC) charged El-Rufai with 10 counts for alleged conversion and possession of public property as well as money laundering. Counsel to the former …

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ADC faction storms INEC and demands recognition of Bala…

Supporters of a faction of the African Democratic Congress (ADC) marched to the Independent National Electoral Commission (INEC) headquarters in Abuja on Wednesday, demanding the recognition of Nafiu Bala as the party’s national president. The protesters, led by Bala, have hinged their demand on a March 12, 2026 ruling by the Court of Appeal in Abuja, which they say affirms …

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