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The Central Bank of Nigeria has successfully finished its bank recapitalisation exercise. A total of 33 commercial banks raised N4.65 trillion to meet the new capital requirements. This move is aimed at making the banking sector stronger and better able to support the economy. The banks worked hard to bring in fresh capital from investors […]
A group of Ghanaian stowaways have shared their painful story after being caught in Lagos while trying to reach Europe. They hid inside a cargo ship, believing it was heading to a European country for better opportunities. Instead, the ship docked in Nigeria, and they were discovered by security officials. The young men said they […]
A boat carrying migrants sank off the coast of Turkey, leaving 18 people dead, including a baby. The tragic accident happened as the group tried to reach Europe in search of a better life. Rescue teams worked quickly to save those still alive, but many did not survive the cold waters. This sad event has […]
By Momodu Favour Fresh explosions struck Tehran on Wednesday, intensifying an already volatile regional conflict, as Donald Trump suggested the war involving Iran could end within “two or three weeks.” The latest strikes come amid escalating hostilities that began after coordinated air raids by the United States and Israel reportedly killed Iran’s Supreme Leader, Ayatollah […]
By Momodu Favour Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has called for an immediate halt to premature political campaigns across the country, warning that the trend is undermining governance and exacerbating insecurity. Falana raised the concern amid increasing political activities ahead of the 2027 general elections, noting that many politicians have […]
By moMomodu Favour Africa will make history at the 2026 FIFA World Cup, with a record 10 teams set to represent the continent following the qualification of the Democratic Republic of the Congo national football team. The expansion of the World Cup to 48 teams has significantly increased Africa’s representation, boosting its slots from […]
By Momodu Favour Operations at the temporary Terminal 3 (T3) of the Murtala Muhammed International Airport were briefly disrupted on Wednesday following an electrical spark that caused smoke within the facility, the Federal Airports Authority of Nigeria has confirmed. In a statement issued by the authority, the incident occurred at about 14:05 hours in […]
Nigeria has shipped its first-ever cargo of Cawthorne crude, a 950,000-barrel consignment loaded from the newly commissioned FSO Cawthorne vessel and bound for India’s Sikka port, which feeds major refining hubs including Reliance’s Jamnagar complex. Beyond its symbolic significance, the export represents a calculated move at a moment of heightened global oil market […]
The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, providing fresh financial backing for Africa’s largest refining complex as it expands production and regional fuel exports. The five-year facility, arranged alongside Access Bank as co-mandated lead arranger, will be […]
Xiamen, China, will host the third leg of the 2026 Wanda Diamond League and the women’s 100 metres hurdles lineup reads like a who’s who of the event’s greatest names, all in the same race, at the same time. Tobi Amusan will be there. Nigeria’s finest, the woman who ran 12.12 seconds in Eugene […]
