Africa

Nigeria is set to lose $4 million fro a World Bank-backed loan after failing to meet critical audit standards tied to reforms in the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service. The forfeited sum was part of the $103 million Fiscal Governance and Institutions Project, designed to…

The Federal High Court in Abuja on Tuesday, ordered the remand of Mr Jesam Michael, the Chef Executive Officer (CEO) of Afriq Arbitrage System (AAS) Limited, in Kuje Correctional Centre over alleged investment fraud. Justice Obiora Egwuatu ordered Michael’s remand on Tuesday following his arraignment by the Economic and Financial…

The recent flood disaster in Mokwa, Niger State, was not triggered by any release from the Kainji or Jebba dams, which remain “intact and safe,” according to the Minister of Water Resources and Sanitation, Engr. Prof. Joseph Utsev. Speaking at a press briefing on Tuesday in Abuja, Prof. Utsev commended…

Samsung, SuperSport, Leadway Assurance and other leading brands have confirmed their support for the upcoming 4th edition of Cycling Lagos, now scheduled to hold on Saturday, June 28th, 2025. The 2025 edition, proudly sponsored by Samsung, also enjoys the support of Nestlé Nigeria Plc, Evans Baroque, Mountains Energy Solution the…

Central Bank of Nigeria (CBN), Governor Olayemi Cardoso was named Central Bank Governor of the Year at the 2025 African Banker Awards Gala, held on Wednesday, May 28, 2025, in Abidjan, Côte d’Ivoire. The award, presented by African Banker magazine, recognizes Cardoso’s “bold and strategic” leadership in steering monetary and…

*Destroyed 49 illegal cooking tanks, 16 boats between January to May 2025* ConcisedailyNews – The 115 Special Operations Group of the Nigerian Air Force, which serves as the air component of Operation Delta Safe (OPDS), has stated that its airstrikes targeting crude oil theft and illegal refining operations in the…

The Managing Director and Chief Executive Officer of NLNG, Philia Mshelbila, on Wednesday, called for deliberate efforts for the displacement of dirtier fuels, like biomass, by natural gas to drive energy transition in Africa. Mshelbila made the call during a panel session titled “Diversity of Gas Development Globally” at the…

President Bola Tinubu on Thursday officially inaugurated the board and management of the Nigerian National Petroleum Company Limited (NNPCL), nearly two months after their appointment on April 2, 2025. The brief swearing-in ceremony took place at the Presidential Villa in Abuja. Among those inaugurated were Ahmadu Kida, the board’s Non-Executive…

The Independent National Electoral Commission (INEC) has announced the creation of a dedicated Artificial Intelligence (AI) Division under its Information and Communications Technology (ICT) Department. The decision, approved during the Commission’s regular weekly meeting held today, marks a significant step toward integrating cutting-edge technology into Nigeria’s electoral process. According to…

Air Peace has completed a humanitarian mission to repatriate 78 Nigerian women who were trafficked to Côte d’Ivoire under false promises of employment. The airline provided the service at no cost, using a Boeing 737 aircraft (registration 5N-BQV), which departed from Murtala Muhammed International Airport in Lagos and returned the…