Abuja: The Economic and Financial Crimes Commission (EFCC) has arrested a former board Chairman of defunct Skye Bank Plc, Tunde Ayeni, over alleged money laundering, misappropriation and diversion of funds …
Toye Faleye
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Lagos: The equities market sustained its upward momentum on Friday, closing the week on a strong note as investors gained N1.857 trillion. This extended streak of positive performance marks the …
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Kano: The Federal Government, through the Energy Commission of Nigeria (ECN), on Friday inaugurated the groundbreaking ceremony for a 2-megawatt solar hybrid project worth N3.8 billion at the Aliko Dangote …
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Crime
EFCC Arrests Cameroonian Businessman over Alleged ₦1.5bn Bank Fraud
by Toye Faleyeby Toye FaleyeLagos: The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) has arrested a 47-year-old Cameroonian businessman over an alleged N1.5 billion bank fraud. The commission confirmed …
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Foreign Report/International Figures
Trump Orders Navy to ‘Shoot and Kill’ Iranian Mine‑Laying Boats in Hormuz
by Toye Faleyeby Toye FaleyeWashington: President Donald Trump has increased tensions in the Gulf, directing the US Navy to “shoot and kill” any Iranian vessels found laying mines in the Strait of Hormuz. The …
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Imports from Nigeria Climb to £2.4bn $2.94bn Capital Inflows Recorded in Q3 2025 Lagos: Bilateral trade between Nigeria and the United Kingdom surged to £8.1 billion, sparking rapid projected growth …
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Foreign Report/International Figures
Strait of Hormuz Could Stay Closed for 6 Months during US, Iran Standoff
by Toye Faleyeby Toye FaleyeWashington/Tehran: The world’s most important oil route could remain closed for up to six months. US officials say it may take that long to clear mines from the Strait of …
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Health
Nigeria Faces Higher Risk of Unplanned Pregnancies, STDs as Condom Prices Rise
by Toye Faleyeby Toye FaleyeAbuja: Nigeria may soon face a public health crisis as rising global condom prices make it harder for people to purchase and use them consistently. Karex Bhd, a Malaysian company …
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Business & Economy
Nigeria Pushes Bold Reforms to Ignite Economic Zones
by Toye Faleyeby Toye FaleyeAbuja: The Federal Government is backing a major reform plan to simplify regulations, improve infrastructure, and increase transparency. The goal is to turn Nigeria’s Special Economic Zones (SEZs) into strong …
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Agric
NASS Moves to Tackle Post-Harvest Losses, Pledges Support for NSPRI
by Toye Faleyeby Toye FaleyeThe National Assembly plans to help Nigeria cut post-harvest losses by increasing funding for the Nigerian Stored Products Research Institute (NSPRI). This move aims to improve food security and protect …
