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The Central Bank of Nigeria (CBN) has proposed the establishment of a Mediation and Dispute Resolution Panel to handle loan-related disputes and reduce the need for immediate court action in secured lending transactions. The proposal was outlined in a circular signed by the Acting Director of the Development Finance Advisory Department, P. I. Oluikpe, inviting stakeholders to submit comments on draft guidelines for the panel under the Secured Transactions in […]

United States President, Donald Trump, has said that China has agreed not to supply weapons to Iran following direct communication with Chinese leader, Xi Jinping. Trump disclosed this in a post, stating that he received personal assurances from Xi ahead of their planned summit scheduled for May 14–15 in Beijing. According to the US President, Xi had “essentially” confirmed in a letter that China was not providing weapons to Iran, […]

Iran has warned it may block trade routes across key waterways, including the Red Sea, if the United States continues its naval blockade on Iranian ports. The threat was issued by Ali Abdollahi, head of Iran’s military central command centre, in a statement broadcast on state television. Abdollahi said continued actions by the US that disrupt Iran’s commercial shipping and oil exports could escalate tensions and undermine existing ceasefire conditions. […]

A Federal High Court in Abuja has fixed May 26, 2026, for the Department of State Services (DSS) to commence trial in the alleged terrorism case against former Attorney General of the Federation, Abubakar Malami, and his son, Abdulaziz. At Wednesday’s proceedings, prosecution counsel, Akinlolu Kehinde (SAN), informed the court that an amended five-count charge had been filed to replace the earlier one on which the defendants were arraigned. He […]

Former Ekiti State Governor, Ayodele Fayose, has advised Oyo State Governor, Seyi Makinde, to tread carefully in the exercise of power, reminding him that his tenure is temporary. Fayose gave the warning on Tuesday while addressing journalists during a visit to the residence of the Olubadan of Ibadanland, Oba Rasidi Adewolu Ladoja, in the Bodija area of Ibadan. The former governor reiterated his claim that there were plans to dethrone […]

Former President Olusegun Obasanjo has called on traditional rulers across Nigeria, particularly in the Southwest, to prioritise peace and drive development within their domains. Obasanjo made the call during the installation and presentation of the staff of office to the new Odemo of Isara Kingdom, Oba Peter Oluwole Ogunbayo. He emphasised that traditional rulers occupy a strategic position in national development and must complement government efforts by mobilising their communities […]

Vice President Kashim Shettima has assured families of military and police personnel killed in a recent attack in Shanga Local Government Area of Kebbi State that the Federal Government will continue to support them. Shettima gave the assurance during a condolence visit to the state on behalf of President Bola Ahmed Tinubu, reaffirming the administration’s commitment to the welfare of fallen security personnel and their families. “We are going to […]

The Federal Government expended no fewer than N74.96bn on arms, ammunition, and military equipment between 2023 and 2025, according to data obtained from GovSpend, a civic technology platform that tracks public expenditure. A breakdown of the figures shows that spending peaked in 2024 at N40.84bn, rising from N33.30bn recorded in 2023, before dropping sharply to N819.46m in 2025. This represents an increase of N7.54bn, or approximately 22.6 per cent, between […]

Oyo State Governor, Seyi Makinde, and the Olubadan of Ibadanland, Oba Rashidi Ladoja, have dismissed claims of a plot to remove the monarch, describing the allegation as unfounded and baseless. Both leaders, through their media aides, reacted to a statement made by former Ekiti State Governor, Ayodele Fayose, who alleged that Makinde was planning to dethrone the Olubadan. Fayose had claimed in a social media post that the governor intended […]

The Federal High Court sitting in Kaduna has granted bail to former Kaduna State Governor, Nasir Ahmad El-Rufai, in an ongoing corruption case brought against him by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The ruling was delivered on Tuesday by Justice Rilwanu Aikawa, following the court’s earlier decision to adjourn proceedings from April 1 to April 14, 2026, in order to carefully review submissions from both […]