The Economic and Financial Crimes Commission (EFCC) has recovered $60 million from Nestoil Limited as part of an ongoing investigation into alleged criminal aspects of transactions involving the oil company and a consortium of its lenders. The EFCC Chairman, Olanipekun Olukoyede, led efforts that resulted in a structured repayment agreement between Nestoil and the consortium...
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The Bank of Industry Limited (BoI) has secured strong institutional demand for its maiden N250 billion Series 1 Fixed Rate Bond, with the offer oversubscribed within five working days. The development highlights the capacity of Nigeria’s domestic capital market to mobilise long-term funding for productive investment and economic development. The bond was issued through BoI...
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Nigeria is set to commence local production of armoured vehicles, anti-drone systems and other specialised military equipment as part of efforts to strengthen the country’s defence manufacturing capacity and reduce dependence on imported hardware. The Chief Executive Officer of the Defence Industries Corporation of Nigeria–D7G (DICON-D7G), Osman Chennar, disclosed this while highlighting the outcome of...
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Former President Olusegun Obasanjo has urged elderly Nigerians to make regular physical exercise, particularly long-distance walking, part of their daily routine to promote healthy ageing and improve their quality of life. Obasanjo made the call over the weekend after leading about 100 elderly citizens on a 2.5-kilometre health walk through Abeokuta, Ogun State, as part...
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US President Donald Trump has confirmed the release of American missionary Kevin Rideout, who spent more than nine months in captivity after being abducted in Niger. Trump disclosed the development in a post on his Truth Social platform on Sunday, saying Rideout had been reunited with his wife, Krista, and was preparing to return to...
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The Federal Government has commenced the implementation of its digital transformation agenda for the Federal Civil Service with the inauguration of an 11-member Technical Working Committee to develop a framework for the initiative. The Head of the Civil Service of the Federation, Didi Walson-Jack, inaugurated the committee on Friday following the Federal Executive Council’s approval...
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The Osun State governorship election has come and gone, but its significance extends far beyond the boundaries of the state. It has offered Nigerians an important democratic lesson: political power ultimately derives its legitimacy from the people, and an electorate that is informed, organised and determined can resist intimidation, inducement and the overwhelming influence of...
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President Bola Tinubu has congratulated Osun State Governor, Ademola Adeleke, on his re-election, describing the outcome of Saturday’s governorship election as an assurance that democracy will continue to flourish in Nigeria. Tinubu stated this in a statement issued on Sunday by his Special Adviser on Information and Strategy, Bayo Onanuga, following Adeleke’s victory in the...
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Osun State Governor, Ademola Adeleke, has been declared the winner of Saturday’s governorship election after securing victory in 19 of the state’s 30 local government areas. The State Returning Officer, Vice-Chancellor of the Federal University, Oye Ekiti, Prof. Joshua Ogunwole, announced the result at about 7:24 am on Sunday. Adeleke, who contested on the platform...
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There are elections that produce a winner. And there are elections that produce a message. The 2026 Osun governorship election has produced both. Governor Ademola Adeleke has won a second term, defeating the APC candidate, Bola Oyebamiji. But beyond the numbers is a much bigger lesson for Nigeria: The people can defeat political power when...
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