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PHOTOS: Anthony Joshua involved in ghastly accident in Ogun, two die

Former world heavyweight champion Anthony Joshua has reportedly been involved in a ghastly road accident in Nigeria, with at least two people feared dead. The incident occurred just days after a high-profile bout featuring YouTuber-turned-boxer Jake Paul. According to The Punch, the accident happened on Monday morning along the busy Lagos–Ibadan Expressway, in Ogun State. […]

Business

Atiku declares Tinubu’s gazetted tax act constitutionally invalid

Former Vice President Atiku Abubakar on Sunday intensified the debate over President Bola Tinubu’s signature tax reforms, asserting that the gazetted Tax Act is constitutionally invalid because it differs from the version passed by the National Assembly. In a statement to journalists, Atiku noted that the House of Representatives’ acknowledgment that the published law deviates […]

Oil and Gas

Tinubu writes off $1.42bn, N5.57tn NNPCL debts

President Bola Tinubu has approved the cancellation of a large portion of the debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, wiping off about $1.42bn and N5.57tn following a reconciliation of records between both parties. The approval is contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission […]

News

Ex-convict nabbed as NDLEA seizes cocaine at Lagos airport

The National Drug Law Enforcement Agency has arrested an ex-convict, Nwobodo Basil, alongside three cargo agents over an attempt to export cocaine concealed in liquid starch sachets to the United Kingdom. The NDLEA disclosed that 75 parcels of cocaine weighing a total of 1.50 kilogrammes were recovered from factory-sealed sachets of cold-water starch at the […]

Business

NNPCL completes AKK pipeline, boosting gas supply

NNPC Limited has completed the main pipeline of the Ajaokuta–Kaduna–Kano gas project, a significant milestone in expanding gas supply to northern Nigeria. The Group Chief Executive Officer, Bayo Ojulari, disclosed this on Sunday after meeting with President Bola Tinubu in Lagos. Ojulari said the milestone paves the way for the next phase of the project, […]

Business

Nigeria’s external reserves rise by $4.39bn in one year

Nigeria’s external reserves rose by $4.39bn between December 23, 2024, and December 23, 2025, based on data from the Central Bank of Nigeria. Analysis shows the reserves expanded by about 10.75 per cent over the period. As of December 23, the foreign exchange reserves stood at $45.24bn, up from $40.85bn recorded on the same date […]

Domestic airfares increased by 95% in 12 months – NBS
Aviation featured

NCAA denies multiple taxes behind high domestic airfares

The Nigerian Civil Aviation Authority has dismissed claims that domestic airfares are inflated due to multiple taxes, insisting that airlines do not pay the alleged levies and attributing the increase in ticket prices to the forces of demand and supply. The clarification was made by the Director of Public Affairs and Consumer Protection at the […]

New SEC regulation to enhance transparency in bank recapitalization
Business

Capital market raises ₦753bn via commercial paper issuances — SEC

Nigeria’s capital market recorded over ₦753 billion in commercial paper issuances between April and October 2025, according to the Securities and Exchange Commission. The regulator said the surge highlights improved liquidity, robust investor demand and growing confidence driven by recent regulatory reforms, which have reinvigorated activity in the commercial paper segment. In a statement released […]

Air Peace funds still trapped in CBN - Onyema
Aviation

Tax: Ticket fare to surpass N1m, Air Peace CEO warns

The Chairman and CEO of Air Peace, Allen Onyema, has cautioned that domestic economy airfares could exceed N1 million starting next year. Speaking on The Morning Show on Arise News on Sunday, Onyema attributed the potential increase to the forthcoming implementation of new tax reform laws set to take effect in January 2026. He explained […]