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Nigeria

Results 1431-1441 of 2086 remove Page 144 of 209

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Nigeria

After 22 Years of Friendship, Soludo Reaffirms Support for Tinubu

Anambra State Governor Chukwuma Soludo says his 22-year friendship with President Bola Tinubu will not be compromised by political differences, declaring his full support for the president’s policies. Speaking to journalists on Tuesday after a meeting with Tinubu at the State House in Abuja, Soludo described the encounter as “quite pleasant,” adding that the president was in “robust health and high spirits.” “I have no apologies about it. President Tinubu is my friend… you don’t deny your friend,” Soludo said. “I support him and I’m impressed by the bold steps he has taken, particularly in the areas of the economy and structural reforms. We are taking the right steps, and we need to stay the course.” The governor, who belongs to the All Progressives Grand Alliance (APGA), stressed that his stance is rooted in ideological alignment rather than party loyalty. […]

Abdulmumini Auwal SA August 12, 2025

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Economy

Pension Fund Investment in REITs Soars 418% to ₦77.8bn in H1 2025

Pension fund investments in Real Estate Investment Trusts (REITs) surged to ₦77.8 billion in the first half of 2025, a massive 417.8% jump from ₦15.03 billion in the same period last year, according to new data from the National Pension Commission (PenCom). The spike reflects growing interest among Pension Fund Administrators (PFAs) in REITs, even as their direct real estate investments fell by 7.4% to ₦255.9 billion from ₦276.4 billion in H1 2024. Analysts attribute the decline to PFAs’ low risk appetite for non-corporate real estate portfolios, citing challenges such as arbitrary revocation of Certificates of Occupancy by state governments and regulatory bottlenecks. REITs—introduced by the Securities and Exchange Commission (SEC) in 2007—allow investors to pool funds to buy and manage income-generating properties or mortgage loans. They provide access to real estate returns without the complexities of direct property management. […]

Abdulmumini Auwal SA August 12, 2025

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Nigeria

16 Inmates Escape in Another Nigerian Prison Break

At least 16 inmates escaped from the Medium Security Custodial Centre, Keffi (New) in Nasarawa State in the early hours of Tuesday, adding to the growing list of jailbreaks in Nigeria in recent years. According to Nigerian Correctional Service (NCS) spokesperson Umar Abubakar, the escape followed a coordinated breach in the facility’s security during which the inmates attacked officers on duty. “Some inmates breached the security of the facility and attacked personnel on duty to compromise the situation, enabling sixteen (16) inmates to escape custody,” Abubakar said in a statement. He confirmed that seven of the escapees have been recaptured, while a manhunt is underway for the remaining nine. Injuries and Investigation Five correctional officers sustained varying degrees of injury in the incident. Two of them are in serious condition and are receiving urgent medical attention at a government health […]

Abdulmumini Auwal SA August 12, 2025

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Economy

Cooking Gas Price Surge Squeezes Nigerians for Fifth Consecutive Month

For the fifth straight month, Nigerians are facing relentless increases in cooking gas prices, straining household budgets and forcing many to make difficult choices about how — and how often — they cook. “I used to refill my 12.5kg cylinder for about ₦15,000 last year. Now, it’s over ₦21,000,” lamented Blessing Johnson, a 38-year-old tailor and mother of three in Warri, Delta State. “Sometimes I stretch it for two months by cooking less often, or I switch to kerosene. But kerosene is also expensive. It’s like we’re being squeezed from every side.” According to the National Bureau of Statistics (NBS), the average cost of refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG) rose by 1.92% in June 2025, from ₦8,167.43 in May to ₦8,323.95. While the month-to-month increase appears modest, the year-on-year figure tells a harsher story: prices have […]

Abdulmumini Auwal SA August 12, 2025

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Nigeria

EFCC Detains Tambuwal Over Alleged ₦189bn Withdrawals

Former Sokoto State governor and current senator, Waziri Aminu Tambuwal, is in the custody of the Economic and Financial Crimes Commission (EFCC) over what the agency described as “suspicious” withdrawals totaling ₦189.15 billion during his tenure. Tambuwal arrived at the EFCC headquarters in Abuja around 11:30 a.m. on Monday and was immediately ushered into interrogation, with sources indicating he would spend the night in detention. According to EFCC investigators, the withdrawals were made incrementally over six of Tambuwal’s eight years in office, allegedly from three key state accounts — the Federation Account Allocation Committee (FAAC) account, the Government House account, and the Secretary to the State Government account. An EFCC fact sheet claims the three accounts received a combined inflow of ₦567.16 billion between January 1, 2015, and August 31, 2021. Of this, ₦189.15 billion was allegedly diverted to government […]

Abdulmumini Auwal SA August 12, 2025

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Entertainment

BBNaija S10: Sultana Banned from Alcohol, Bright Morgan Edges Closer to Disqualification

Tensions flared in the Big Brother Naija Season 10 house this week as multiple contestants faced sanctions for breaking house rules. In a stern Tuesday briefing in the lounge, Biggie handed Kuture a final warning for violent conduct after he threatened to disfigure fellow housemate Faith during a heated argument over cigarettes. He was warned that any further aggressive behaviour could lead to immediate eviction. Sultana received a one-week alcohol ban — including at the upcoming Saturday night party — after urinating in housemate Dede’s clothing box, an act Biggie described as “completely unacceptable.” Bright Morgan was given a double strike for misconduct towards Faith, placing him one strike away from automatic disqualification under the show’s three-strike rule. The penalties come amid what Biggie called “a week of escalating tension” in the house, marked by repeated violations of respect, decorum, […]

Abdulmumini Auwal SA August 12, 2025

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Nigeria

Northern Politicians Launch Forum to Shape 2027 Election Strategy

A group of prominent northern political figures outside government has formed a new platform aimed at unifying the region’s stance ahead of Nigeria’s 2027 presidential election. Former Secretary to the Government of the Federation (SGF) Babachir Lawal revealed the initiative on Monday during an appearance on Channels Television’s Politics Today. The group, known as the Nigerian People’s Consultative Political Forum (North), brings together influential northern politicians who are not currently in public office. According to Lawal, the forum emerged from a series of strategy meetings among like-minded leaders concerned about divisions within the region. “We call this the Nigerian People’s Consultative Political Forum, North, in which almost every significant northern politician who is not in government attends our meetings,” he explained. “The idea is to bring unity to the north, study the causes of our disunity, and work out solutions.” […]

Abdulmumini Auwal SA August 12, 2025

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Nigeria

Armed Herdsmen, Boko Haram Kill Soldiers, Civilians in Benue and Borno

Three people were killed on Sunday by suspected armed herdsmen in Yelewata, Guma Local Government Area of Benue State, while Boko Haram insurgents attacked a military base in Borno State, killing two soldiers. The Yelewata attack occurred weeks after a similar incident reportedly claimed over 200 lives in the same community, despite government assurances of improved security. Witnesses said the victims were attacked on their farms, with three others injured and several escaping unharmed. The killings sparked protests by women from the community, who blocked the Makurdi–Lafia Road, demanding government action to end the violence and allow over 3,000 displaced residents to return home. Benue State security adviser Joseph Har confirmed the incident, noting it occurred in a community near Yelewata. Guma LGA Chairman Maurice Orwough also confirmed the attack and appealed for calm, while police said they had no […]

Abdulmumini Auwal SA August 12, 2025

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Diplomatic

FULL LIST: Nigeria, 66 Other Countries Face Trump’s New Tariffs

Nigeria is among more than 60 countries hit with new or increased tariffs under a reciprocal trade programme launched by U.S. President Donald Trump. According to figures released by the White House, Nigeria will face a 15% tariff on its exports to the United States. The plan imposes a 10% baseline tariff on all imports, with higher rates on selected products or countries. Some of the steepest duties include 50% on Brazilian goods, 41% on Syrian imports, 40% on products from Laos and Myanmar, and 39% on Swiss goods. China will face a 30% tariff, with additional levies on certain products, while India is subject to 25% with the threat of an additional 25% from August 28. Canada’s energy products will be taxed at 10%, while other non-USMCA goods face 35%. The European Union will see a 15% tariff on […]

Abdulmumini Auwal SA August 12, 2025

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Nigeria

Buhari’s Former SGF, Boss Mustapha, Denies Defection to ADC

Former Secretary to the Government of the Federation (SGF), Boss Mustapha, has refuted reports claiming he has defected from the All Progressives Congress (APC) to join the opposition African Democratic Congress (ADC). In a statement on Sunday, Mustapha described the rumours as “fake news,” stating that he has not engaged in any discussions with the ADC or its coalition partners. “My attention has been drawn to a news story in circulation associating me with the opposition alliance and their choice of the ADC as their political party. I want the general public to know that this is fake news. I am not in any opposition alliance, and I am not in any discussion with those who are involved,” he said. The former SGF stressed that he remains a founding member of the APC and has no plans to abandon the […]

Abdulmumini Auwal SA August 11, 2025

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