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Nigeria’s Zenith Bank PLC has formally entered the Kenyan financial market after completing the full acquisition of Paramount Bank Limited, marking a significant milestone in the lender’s pan-African expansion strategy. In a statement released on 7 April 2026, the Lagos-based bank confirmed that it had acquired 100 percent of Paramount Bank’s issued share […]
Nigeria has enlisted billionaire-backed power firms in a 3.3 trillion naira ($2.3 billion) debt settlement programme aimed at stabilising Africa’s largest electricity market and unlocking stalled generation capacity in the country’s struggling power sector. The deal covers 15 generation plants operated by six private companies and two state-owned entities, representing one […]
The World Bank has cautioned that rising global oil prices could push Nigeria’s headline inflation up by about 3.1 percentage points, driven largely by transport and other energy-related costs. The bank issued the warning in the Nigeria Development Update released on Tuesday, citing the ongoing Middle East conflict between the US/Israel and […]
The Muslim Public Affairs Centre (MPAC), Nigeria, has commended the Federal Government for expelling former American college football player-turned humanitarian, Alex Barbir, describing the move as necessary to prevent violence and division, particularly in Plateau State. In a statement issued on Tuesday by its Executive Chairman, Disu Kamor, the organisation said Barbir’s activities and public […]
The Kogi State Police Command has arrested three suspects in connection with the killing of a recent graduate of Abubakar Tafawa Balewa University and recovered his stolen tricycle. The command’s spokesperson, ASP Saliu Oyiza Afusat, said in a statement issued early Wednesday that the arrests were made following a coordinated, intelligence-driven operation targeting violent crime. […]
