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NDIC begins final liquidation of 89 failed Nigerian banks

The Nigeria Deposit Insurance Corporation has commenced the process of concluding the liquidation of 89 failed microfinance banks and primary mortgage banks following their acquisition by new investors. The corporation disclosed this in a press statement on Wednesday, noting that the move was part of efforts to formally wind down the defunct institutions after a...
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IMF Urges Fast Financial Support for Struggling Economies

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has advised countries facing economic pressures to act swiftly in seeking financial support when necessary, warning that delays could worsen economic conditions. Georgieva spoke during a press conference at the ongoing 2026 Spring Meetings of the World Bank/IMF in Washington DC, where she addressed global...
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Blue-chip stock rally adds N2.28tn to NGX market cap

The Nigerian equities market sustained its aggressive bullish trajectory on Wednesday as a surge in the prices of blue-chip stocks added N2.28tn to the total market capitalisation. The rally, which pushed the market’s total value across the N134tn threshold, was largely driven by institutional interest and positive investor sentiment following recent international index announcements. At...
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Navy dismantles 22 refineries to fight crude oil theft

No fewer than 22 illegal refineries were dismantled as the Nigerian Navy intensified its crackdown on crude oil theft in the Niger Delta, disrupting multiple storage and distribution channels used by oil thieves in the first quarter of 2026. The operations, conducted under Operation Delta Sentinel, also led to the recovery of 531,500 litres of...
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M’East War Disrupts Global Economic Growth, G24 Warns

The G-24 has expressed deep concern over multiple political crises and conflicts across the world, warning that the escalating war in the Middle East is worsening global economic fragility and undermining growth prospects, particularly for emerging markets and developing countries. Nigeria and many other nations in Africa and across the world are categorised as developing...
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Ecobank Financial Results: Operating Profit Jumps 29%

Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has released its audited financial results for the full year ended 31 December 2025, showing a remarkably strong performance across all key balance sheet and income metrics. In a regulatory filing signed on Tuesday by the Group Chief Executive Officer, Jeremy Awori, and the Group...
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OneDosh Uses Football to Drive Fintech Student Engagement

Fintech platform OneDosh has concluded its sponsorship of the Lead City VC Cup, a university football tournament in Ibadan, as it steps up efforts to deepen adoption among young users and expand its campus presence. The multi-day competition, hosted at Lead City University, featured 12 teams and more than 250 student players, with matches drawing...
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Eko, Kano lead in power sector deaths, NERC reports

Electricity distribution companies recorded all power sector accidents in the fourth quarter of 2025, with Eko and Kano topping the fatality chart as 26 persons lost their lives, according to the Nigerian Electricity Regulatory Commission. The commission expressed concerns that deaths are being recorded at the distribution segment of the value chain, though it disclosed...
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Nigeria’s economic reforms prevented 120% inflation surge

The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, on Tuesday said inflation in Nigeria could have risen as high as 120 per cent without the sweeping economic reforms introduced by the Federal Government. Adedeji stated this in Abuja during the commissioning of the NRS headquarters, noting that the reforms helped to stabilise prices...
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Nigeria’s Public Debt Rises to N159.28tn in Q4 2025

Nigeria’s total public debt has increased to N159.28tn as of 31 December 2025, driven by fresh domestic and external borrowings, data released on Tuesday by the Debt Management Office has shown. The latest figure represents a quarter-on-quarter increase of N5.98tn, or 3.9 per cent, from N153.29tn recorded at the end of September 2025, and a...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...