Richard Adeolu Adejumobi

Rancour Disrupts Turkish Parliament Sitting

Proceedings in Türkiye’s Grand National Assembly were disrupted on Wednesday after a heated confrontation broke out among lawmakers during a parliamentary sitting. The incident, which was captured on video and circulated widely on social media, showed members of rival political parties shouting, pushing and engaging in physical scuffles on the floor of the chamber, forcing […]

Rancour Disrupts Turkish Parliament Sitting Read More »

Nigeria Secures Permanent Seat on Board of Proposed African Central Bank

Nigeria has secured a permanent position on the Board of the proposed African Central Bank (ACB) following key decisions taken at the African Union (AU) Executive Council, reinforcing the country’s influence over Africa’s evolving financial and monetary integration agenda. The development was confirmed by Minister of Foreign Affairs, Yusuf Tuggar, who said the decision reflects

Nigeria Secures Permanent Seat on Board of Proposed African Central Bank Read More »

Tinubu Commends BOI for Record ₦636bn Financing, Backs Role in Economic Recovery

President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record ₦636 billion in loans to Nigerian businesses in 2025, describing the performance as a major boost to economic recovery and industrial growth. In a statement by the Presidency, Tinubu said the milestone reflects the impact of ongoing economic reforms and

Tinubu Commends BOI for Record ₦636bn Financing, Backs Role in Economic Recovery Read More »

U.S. Lawmakers Accuse China of Backing Terrorism in Nigeria; Beijing Rejects Claims

The United States has accused the Chinese government of sponsoring terrorism and illegal mining activities in Nigeria, allegations that Beijing has strongly denied, calling them “completely baseless.” The accusation emerged after five U.S. lawmakers introduced a bill in the U.S. Congress alleging that Chinese entities are involved in illegal mining operations in Nigeria and are

U.S. Lawmakers Accuse China of Backing Terrorism in Nigeria; Beijing Rejects Claims Read More »

Nigeria Revives Siemens Power Project Under Presidential Push, Seeks Broader Energy Cooperation

The Federal Government of Nigeria has revived the stalled Siemens power project under its Presidential Power Initiative (PPI), moving to expand generation and transmission capacity while also deepening international cooperation on energy infrastructure. The renewed momentum was underscored on Wednesday when Johannes Lenhe, Deputy Head of Mission of SAIPEC (the Saudi–African Investment & Partnership Economic

Nigeria Revives Siemens Power Project Under Presidential Push, Seeks Broader Energy Cooperation Read More »

Two Nigerians Confirmed Dead Fighting for Russia in Ukraine as Survivor Seeks Repatriation

Ukrainian authorities have confirmed that two Nigerian nationals were killed while fighting for Russian forces in eastern Ukraine, as a surviving Nigerian recruit has appealed for urgent repatriation. The deceased, identified as Hamzat Kazeen Kolawole and Mbah Stephen Udoka, were said to have signed contracts with the Russian military in 2025 and were deployed to

Two Nigerians Confirmed Dead Fighting for Russia in Ukraine as Survivor Seeks Repatriation Read More »

Attempted Arrest of El-Rufai at Abuja Airport Ends Without Detention

Security operatives on Thursday reportedly attempted to arrest former Kaduna State Governor, Nasir El-Rufai, at Nnamdi Azikiwe International Airport, Abuja, shortly after his arrival from abroad. According to aides and eyewitnesses, operatives approached El-Rufai at the airport, but the situation did not result in his detention. Sources close to the former governor said he refused

Attempted Arrest of El-Rufai at Abuja Airport Ends Without Detention Read More »

Dangote Refinery Sets Global Record with 650,000 bpd Capacity

February 19, 2026 — Dangote Refinery has become the first refinery in the world to achieve a sustained 650,000 barrels per day (bpd) production capacity, marking a major milestone for Nigeria’s energy industry and global refining benchmarks. The feat positions Dangote Refinery — already Africa’s largest — at the forefront of global refining output, surpassing

Dangote Refinery Sets Global Record with 650,000 bpd Capacity Read More »

Otedola Says Dangote Refinery Expansion Could Strengthen Naira Below ₦1,000/$

Chairman of First HoldCo, Femi Otedola, has expressed optimism that the naira will strengthen significantly and trade below ₦1,000 to the dollar before the end of the year, citing the expanding operations of the Dangote Refinery and the broader impact of domestic refining. Otedola said the full-scale operation and production expansion of the refinery would

Otedola Says Dangote Refinery Expansion Could Strengthen Naira Below ₦1,000/$ Read More »

Scroll to Top