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FBI accuses North Korea of $1.5bn crypto heist
Scams

Nigerian man arrested in UK over $235,000 US cyber fraud

A Nigerian man living in the United Kingdom, Farouk Adekunle Adepoju, has been arrested following a United States request for extradition on charges of wire fraud and computer fraud. Acting United States Attorney Troy Rivetti announced that Adepoju was arrested by UK authorities on September 15, 2025, and is awaiting extradition to face a seven-count […]

Finance

Nigeria secures $10bn in external loans in two years

The Federal Government has secured external loans worth over $10 billion in the last two years, but only about $5 billion, roughly half of the secured amount, has been disbursed so far. According to data from the Debt Management Office, these loans were contracted from multilateral organizations, regional financial institutions, and the International Capital Market […]

JAPA: Overstay your visa, face permanent ban, US warns Nigerians
Business

Immigration unveils centralised passport system with 5,000 daily capacity

The Nigeria Immigration Service has introduced a centralised passport personalisation system with the capacity to produce up to 5,000 passports daily, a sharp increase from the previous 250–300 output spread across multiple centres. Minister of Interior, Dr. Olubunmi Tunji-Ojo, disclosed the development on Thursday during an inspection of the new Centralised Passport Personalisation Centre at […]

Agribusiness

250,000 farmers insured, N250bn BoA loans disbursed — Shettima

Vice President Kashim Shettima has highlighted the efforts of the Tinubu administration to ensure food security in Nigeria. According to Shettima, 250,000 farmers have been insured across eight states, the 30 per cent Value Addition Bill is advancing, and the N250 billion Bank of Agriculture facility is being activated to reach smallholders. He stated this […]

Ex-finance minister Agunloye freed from prison
News

EFCC re-arraigns ex-minister Agunloye over $6bn Mambilla power contract

The Economic and Financial Crimes Commission has re-arraigned former Minister of Power and Steel, Olu Agunloye, before a Federal High Court in Abuja on fresh charges bordering on alleged fraud in the Mambilla Hydroelectric Power Project. Agunloye, who served as minister during the administration of former President Olusegun Obasanjo, is facing an amended seven-count charge […]

featured Helth

Senate begs FCT doctors to suspend strike, vows intervention

The Senate Committee on FCT Area Councils and Ancillary Matters has appealed to the National Association of Resident Doctors, FCT chapter, to suspend their ongoing strike. The committee, led by Senator David Jimkuta, held an emergency meeting with the striking doctors and assured them that their grievances would receive urgent attention. Senator Jimkuta disclosed that […]

Finance

CBN increases dollar sales to stabilize FX market

The Central Bank of Nigeria has increased its dollar sales to stabilize the foreign exchange market amid declining inflows from key sources. In August 2025, the CBN sold $574 million, a 76 per cent increase from $326 million in July. Total foreign exchange inflows into Nigeria’s market fell by 12 per cent month-on-month to $3.4 […]

Tech

American Express boosts platinum card benefits for wealthy US consumers

American Express on Thursday announced updates to its flagship credit card as competition intensifies for the United States market’s high-spending customers. The company said the redesigned Platinum card, available in both consumer and business versions, now carries an $895 annual fee, up roughly 29% from the previous $695. Meanwhile, the company stated that its Platinum […]

Aviation

ICYMI: First dry-leased aircraft to arrive Nigeria in October – Keyamo

The first batch of dry-leased aircraft to Nigeria, following the country’s removal from the Aviation Working Group watchlist in October 2024, is scheduled to arrive on October 6, 2025. Aviation and Aerospace Development Minister Festus Keyamo announced this during the foundation-laying ceremony for the Air Peace Maintenance, Repair, and Overhaul facility at Murtala Mohammed International […]

NGX: Top 10 best performing stocks in January 2024
Helth

Healthcare stocks rally as investors bet on Nigeria’s pharma growth

Nigeria’s pharmaceutical sector has emerged as one of the stock market’s strongest performers in 2025. Fidson and May & Baker have recorded impressive year-to-date gains of 117 per cent and 86.2 per cent, respectively, as of September 16, 2025. This growth is attributed to resilient domestic demand and strong earnings, which have cemented their positions […]

Helth

Nigeria’s healthcare future depends on specialists — Minister

The Minister of Health and Social Welfare, Prof. Muhammad Pate, has emphasized that the future of Nigeria’s healthcare system depends on specialists in the sector. He made this remark at the 43rd Convocation Ceremony of the National Postgraduate Medical College of Nigeria in Lagos, where 480 distinguished fellows were celebrated. Pate, represented by Dr. Jimoh […]