By Seun Ibiyemi The Special Offences Court sitting in Ikeja, Lagos, on Monday, May 11, 2026, reserved ruling till June 2, 2026, on the bail application filed by a defendant in the ongoing ₦2.04 billion money laundering case involving officials of the Nigerian Railway Corporation. Justice Olubunmi Abike-Fadipe reserved the ruling after hearing arguments from…
By Seun Ibiyemi The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN) have signed a landmark Memorandum of Understanding (MoU) on data sharing aimed at improving economic decision-making and policy formulation in Nigeria. The agreement was signed on Wednesday, at the CBN Head Office in Abuja by NiMet’s Director-General and Chief Executive…
The Economic and Financial Crimes Commission (EFCC) has arrested the Director-General of the Energy Commission of Nigeria, Mustapha Abdullahi, over allegations of money laundering involving more than ₦500 billion. According to reports, Abdullahi was arrested in Abuja on Wednesday and is currently being held by the anti-graft agency for interrogation and further investigation into the…
Nigeria’s foreign exchange market underwent a major structural transformation in 2025, with autonomous inflows overtaking Central Bank of Nigeria (CBN)-driven liquidity as the dominant source of dollar supply, according to new data from the Financial Market Dealers Association (FMDA). The report showed that autonomous foreign exchange inflows comprising private capital sources such as diaspora remittances,…
By Seun Ibiyemi The Debt Management Office (DMO) has listed the 18.95 per cent N47.335 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited, in a move aimed at expanding climate financing and deepening Nigeria’s sustainable investment market. The disclosure was made on Wednesday…
By Seun Ibiyemi President Bola Ahmed Tinubu has urged African nations to embrace maritime sovereignty and stronger ocean governance as essential pillars for unlocking the continent’s blue economy potential and securing long-term economic growth. Speaking at the High-Level Roundtable on Maritime Sovereignty and Ocean Governance during the Africa Forward Summit 2026 in Nairobi on Tuesday,…
By Seun Ibiyemi The Rural Electrification Agency (REA) and its partners have launched a $188 million Green Finance Investment Facility (GFiF) aimed at financing 191 megawatts of distributed solar energy projects across Nigeria as part of efforts to expand electricity access and accelerate the country’s clean energy transition. The blended finance platform, unveiled in Lagos…
…Pushes for deeper economic cooperation By Seun Ibiyemi President Bola Ahmed Tinubu has welcomed the outcomes of the 10th France-Nigeria Business Council Meeting held at the Africa Forward Summit in Nairobi, Kenya, describing the engagements as a sign that both countries are shifting from diplomatic dialogue to concrete economic delivery. This was stated in a…
First HoldCo Plc, the parent company of First Bank of Nigeria, has announced plans to seek shareholders’ approval to raise up to ₦253.099 billion in fresh capital as part of efforts to strengthen its financial position and advance long-term regulatory and growth objectives. The proposed capital raise is contained in the notice for the company’s…
Governor Seyi Makinde is expected to formally declare his presidential ambition on Thursday, 14 May, during a major political rally scheduled to hold at the historic Mapo Hall in Ibadan. The event, tagged “Unity Mega Rally Ibadan 2026”, is expected to serve as the official launch of Governor Makinde’s anticipated 2027 presidential bid, alongside the…
