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NDIC sues Wema Bank over N125bn Banana Island properties, N401m disputed payment

Nigeria, May 15 -- The Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc, has filed two separate suits against Wema Bank at the Federal High Court in Lago... Read More


Nigeria seeks investments in power, mining as reforms gain traction - Oyedele

Nigeria, May 15 -- Nigeria is stepping up efforts to attract investment in key sectors, including power, mining, and infrastructure, as part of broader moves to strengthen the economy and drive sustai... Read More


Court convicts businessman of $247,390 fraud in Lagos

Nigeria, May 15 -- The Special Offences Court in Lagos State has convicted a businessman, Kingsley Obasi, of fraud involving $247,390. In a judgement delivered Thursday, trial judge Mojisola Dada sen... Read More


Heirs Holdings' portfolio companies ranked among Africa's top 50 high-growth businesses

Nigeria, May 15 -- Heirs Holdings' three portfolio companies, Heirs Life Assurance, Redtech, and Heirs General Insurance, have been recognised in the Financial Times Africa's Fastest-Growing Companies... Read More


Frank Edoho's ex-wife breaks silence, denies infidelity allegations

Nigeria, May 14 -- Days after veteran broadcaster and show host Frank Edoho reacted to reports that singer Chike had an affair with his former wife, Sandra Onyenucheya, the latter has blown hot on soc... Read More


Africa's economies must reform financial systems to unlock industrial growth - Oyedele

Nigeria, May 14 -- Nigeria's Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called for urgent reforms to the global financial architecture, saying Africa continues to... Read More


Nigeria's petrol imports fall as local refineries raise output - NMDPRA

Nigeria, May 14 -- Nigeria's dependence on imported petrol declined further in April as domestic refineries increased output and operated at near full capacity, the Nigerian Midstream and Downstream P... Read More


Niger moves to formalise zoning, proposes cap for elective offices

Nigeria, May 14 -- The Niger State Government has proposed the rotation of elective political offices within constituencies, as part of efforts to institutionalise zoning and reduce political tension.... Read More


2026 Commonwealth Short Story Prize announces regional winners

Nigeria, May 14 -- The Commonwealth Foundation has announced the regional winners of the 2026 Commonwealth Short Story Prize, recognising five writers whose entries emerged from thousands of submissio... Read More


Hajj 2026: Adamawa pilgrims stranded in Makka

Nigeria, May 14 -- Videos circulating on social media have shown some pilgrims from Adamawa State stranded outside a hotel in Makkah, Saudi Arabia, after allegedly failing to secure accommodation upon... Read More