Yahaya Bello’s ₦80.2bn Fraud Case Adjourned to March 2025
The Federal High Court in Abuja has adjourned the money laundering case against former Kogi State Governor, Yahaya Bello, to March 6 and 7, 2025. The case, filed by the Economic and Financial Crimes Commission (EFCC), continued on Monday with testimonies from two prosecution witnesses. The first witness, Segun Adeleke, General Manager of Efab Properties […]
We Have More Than Enough Fuel for Nigerians – Dangote
The Dangote Petroleum Refinery has over 500 million litres of petrol in its reservoir and is producing enough fuel for both local consumption and export, according to Alhaji Aliko Dangote. During a facility tour with Zambia’s Energy Minister, Makozo Chikote, Dangote revealed that the refinery, valued at $20bn, holds N600bn worth of stock and will […]
Babangida Defends $12.4bn Oil Windfall Spending
Former military President, Gen. Ibrahim Babangida, has attributed Nigeria’s economic struggles to nationwide “profligacy” and “conspicuous consumption” during the oil boom years, arguing that excessive spending undermined long-term development. In his newly launched autobiography, A Journey of Service, Babangida defended his administration’s handling of the $12.4bn oil windfall, stating that similar practices existed before his […]
Nigeria Still Imports Over 50% of Petrol
Despite a combined refining capacity of 985,000 barrels per day, Nigeria’s three operational refineries contribute less than 50% of the country’s 50 million litres daily petrol consumption, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). NMDPRA Chief Executive Farouk Ahmed, represented by Ogbugo Ukoha, disclosed this in Abuja, noting that the shortfall […]
Nigeria’s $602.95m USAID Grant at Risk Amid Freeze
Nigeria’s access to a $602.95 million USAID grant for 2025 is now uncertain following President Donald Trump’s executive order suspending all US foreign aid programs for 90 days. The suspension, aimed at reviewing US foreign assistance, has disrupted multiple USAID-supported initiatives globally, with Nigeria among the affected countries. A Senate probe has also been launched […]
Trump Orders sacking of All Biden-Era U.S. Attorneys
President Donald Trump announced Tuesday that he has ordered the dismissal of all remaining U.S. attorneys appointed by his predecessor, Joe Biden. Citing concerns over politicization within the Department of Justice, Trump wrote on Truth Social, “We must ‘clean house’ IMMEDIATELY and restore confidence.” He added that a fair justice system is essential for “America’s […]
FG Plans N2.36tn Electricity Subsidy for 2025
The Federal Government may spend N2.36tn on electricity subsidies for low-income consumers in 2025, despite ongoing plans to implement cost-reflective tariffs. This comes as the Nigerian Electricity Regulatory Commission (NERC) revealed that N178.03bn was spent on electricity subsidies in January 2025, a 10.1% decrease from N197.91bn in December 2024. In a report released on Sunday, […]
Elder Statesman Edwin Clark Dies at 97
Pan Niger Delta Forum leader and prominent Nigerian nationalist, Edwin Clark, passed away on Monday at the age of 97. His death was announced on Tuesday morning by a family representative, Prof. C. C. Clark. Born on May 25, 1927, in Kiagbodo, Delta State, Clark was a lawyer, politician, and staunch advocate for the Niger […]
I Am Still Facing Four Lawsuits from Afe Babalola’s Firm – Farotimi
Activist and lawyer Dele Farotimi revealed on Sunday that he is still facing four civil suits across different states, all filed by members of the Aare Afe Babalola law office. This disclosure came during the Toyin Falola Interviews, despite the withdrawal of criminal cases against him by legal luminary Afe Babalola (SAN). Farotimi was previously […]
Dangote Group Invests $700M to End Sugar Importation in Nigeria
Aliko Dangote, President of Dangote Group, reaffirmed the company’s commitment to ending raw sugar importation in Nigeria, announcing a $700 million investment in local sugar production. Speaking at the 14th Gateway International Trade Fair in Abeokuta, Ogun State, Dangote highlighted the group’s progress in its Sugar Backward Integration Plan. Represented by Tunde Mabogunje, Dangote outlined […]
