CBN orders banks to block loan defaulters from new credit
The Central Bank of Nigeria (CBN) has directed commercial banks across the country to stop granting new credit facilities to customers with outstanding non-performing loans, particularly borrowers with large exposures. The directive, contained in a circular issued to financial institutions, requires banks to deny such borrowers access to additional loans and other credit-related services within the banking system. The CBN explained...
N1.35bn fraud: Retrial of Sule Lamido, sons stalled over absence in court
The retrial of former Sule Lamido, ex-governor of Jigawa State, alongside his two sons and others over an alleged N1.35 billion fraud was on Friday stalled at the Federal High Court in Abuja due to the absence of the defendants. The case, recently reassigned to Justice Peter Lifu, could not proceed as the accused persons failed to appear in court. Although...
Troops repel ISWAP attack on Banki military base in Borno
Troops of Operation Hadin Kai, supported by the Nigerian Air Force, have successfully repelled an attempted attack by fighters of the Islamic State West Africa Province (ISWAP) on a military formation in Banki. The insurgents launched the assault in the early hours of Friday, advancing in large numbers in an attempt to overrun the military base. However, troops on ground swiftly...
Freight forwarders kick against ‘arbitrary’ shipping charges at Apapa Ports
Freight forwarders operating at the Apapa Port have protested what they described as arbitrary and unilateral increases in shipping charges by some shipping companies. The protest was led by the National Association of Government Approved Freight Forwarders (NAGAFF), which raised concerns over the development in a letter addressed to the Executive Secretary of the Nigerian Shippers Council in Apapa, Lagos. The...
Tinubu approves new military hardware amid rising terror attacks
President Bola Ahmed Tinubu has approved the procurement of new military equipment to strengthen the fight against terrorism and banditry across Nigeria, the Minister of Defence, Christopher Musa, has disclosed. Musa revealed this on Thursday while briefing State House correspondents after a nearly two-hour security meeting at the Presidential Villa in Abuja. He said the President reaffirmed his commitment to...
Trump: Iran’s new supreme leader alive but ‘damaged’
United States President Donald Trump said that he thinks new Iranian Supreme Leader Mojtaba Khamenei is alive but “damaged.” Khamenei, whose father, the former supreme leader, was killed on the first day of the U.S. and Israeli war on Iran, has not been seen by Iranians since his selection on Sunday by a clerical assembly, and his first comments were...
Broda Shaggy shot, hospitalised in Ogun
Nigerian comedian and skit maker Samuel Perry, popularly known as Broda Shaggy, has been hospitalised after sustaining a gunshot injury in the Sango-Ota area of Ogun State. It was gathered that the incident occurred on Sunday afternoon while the comedian was filming a comedy skit under the Sango-Ota bridge. Although the exact circumstances surrounding the shooting remain unclear, a police source...
EPL fixtures: Tottenham search for salvation at Liverpool as Arsenal host Everton
Troubled Tottenham head to Liverpool on Sunday searching for salvation in their increasingly desperate fight against relegation, while Arsenal can move closer to their first Premier League title for 22 years with a win over Everton. Manchester United will also meet Aston Villa in a crucial clash in the race for Champions League qualification. In grave danger of playing in England's...
Oil prices rise despite US sanctions waiver on Russian oil
Oil prices increased on Friday, March 13, 2026, despite the United States trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea. Brent futures for May rose 10 cents, or 0.1%, to $100.56 a barrel by 0400 GMT, heading for about a 9% weekly increase, while U.S. West...
States demand forensic audit of $8.8bn crude-backed loan deals
State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, raising concerns that opaque crude-for-loan and swap agreements may be reducing inflows into the Federation Account. The demand was made by state commissioners of finance in a communiqué issued after the 2026 retreat of the Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee held in Enugu from...
