FG considers policy adjustments as Middle East tensions threaten Nigeria’s economy
The Federal Government of Nigeria says it may adjust economic policies if necessary as escalating tensions in the Middle East threaten to trigger fresh shocks to Nigeria’s economy through energy prices, capital flows and global supply chains. In a statement issued on Tuesday by Uloma Amadi, Assistant Director of Information and Public Relations at the Federal Ministry of Finance, the...
CBN extends AML compliance deadline for banks
The Central Bank of Nigeria (CBN) has extended the timeline for financial institutions to comply with its newly introduced baseline standards for automated anti-money laundering (AML) solutions. In a circular dated March 10, 2026, the apex bank said Deposit Money Banks have 18 months to achieve full compliance, while other financial institutions have up to 24 months from the date...
PDP leaders move to reconcile after Appeal Court ruling
Leaders of the Peoples Democratic Party (PDP), including governors and allies of the Nyesom Wike camp, have begun reconciliation talks following a ruling by the Court of Appeal of Nigeria that nullified the party’s November 2025 national convention. Sources within the party disclosed that both factions are holding marathon meetings to explore options such as forming a harmonised caretaker committee...
Vatican removes San Diego bishop over $250,000 church fraud
Pope Leo has accepted the resignation of a Catholic bishop in San Diego who was arrested by local authorities over allegations of stealing $250,000 from his congregation, the Vatican announced on Tuesday. The bishop, Emanuel Hana Shaleta, had led the Chaldean Catholic community in the city since 2017. He pleaded not guilty to 16 counts of embezzlement and money laundering...
Nigeria, Ghana sign MoU on aircraft search, rescue operations
Nigeria and Ghana have signed a Memorandum of Understanding (MoU) to strengthen cooperation in search and rescue operations for aircraft in distress between the two countries. The agreement was signed by the Director-General of the Nigerian Civil Aviation Authority, Chris Najomo, on behalf of the Nigerian government, and the Director-General of the Ghana Civil Aviation Authority, Stephen Arthur, representing the...
Musk worth $839bn in new Forbes list, set to become world’s first trillionaire
X owner Elon Musk's estimated $839 billion net worth has made him the wealthiest individual ever recorded. Forbes announced this on Tuesday, March 10, 2026, as billionaires worldwide saw their combined fortunes surge in the past year to an all-time high of $20.1 trillion. Musk topped the Forbes World's Billionaires list for the second consecutive year after his fortune swelled by...
Dangote Refinery cuts petrol price by N100
The Dangote Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N100, lowering it from N1,175 to N1,075 per litre. Officials of the refinery confirmed the development on Tuesday, noting that the price adjustment followed a significant drop in global crude oil prices. According to the officials, petrol supplied through coastal distribution channels will now be sold at...
Kano law officers begin indefinite strike over unmet demands
The Law Officers Association of Nigeria (LOAN), Kano State Branch, has announced the commencement of an indefinite strike beginning midnight on Tuesday, March 11, 2026, over unresolved grievances and unfulfilled commitments by the state government. Speaking to journalists in Kano, the association’s chairman, Barrister Aminu Abdullahi Shams, said the decision became inevitable after years of neglect and repeated failed attempts...
2 teenagers drown while fleeing phone snatchers in Kano
Two teenagers, Sadiq Isyaku and Auwal Isyaku, have been confirmed dead after falling into an open water while escaping from hoodlums attempting to dispossess them of their phones. The Kano State Fire Service spokesperson, Saminu Abdullahi, confirmed the incident via a statement issued on Tuesday, March 10, 2026. Abdullahi said the death of deceased, both aged 18 years, occurred at Ring...
UNILAG ASUU begins indefinite strike over ‘amputated’ salaries
The Academic Staff Union of Universities (ASUU) chapter at the University of Lagos has declared an indefinite strike over what it described as “amputated” salaries paid to its members for January and February 2026. The decision was announced in a communiqué issued after an emergency congress on Tuesday and signed by the union’s chairperson, Idou Kehinde, and secretary, Adesina Arikawe. According...
