20 banks meet recapitalisation as investors raise N4.05trn
The Central Bank of Nigeria says 20 banks have already met the new minimum capital requirements under its ongoing recapitalisation programme, with total verified capital raised reaching ₦4.05 trillion. CBN Governor Olayemi Cardoso disclosed that the funds reflect strong investor participation ahead of the March 31, 2026 deadline. According to him, ₦2.90 trillion — about 71.67 per cent — was mobilised...
El-Rufai asks court to stop ICPC, EFCC, DSS from seizing his assets
Former Kaduna State Governor Nasir El-Rufai has asked the Federal High Court in Abuja to restrain the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other agencies from freezing his bank accounts or seizing his assets. El-Rufai, in a fresh suit filed by his lawyer, Oluwole Iyamu (SAN), sought an order of interim injunction directing the respondents to...
ISWAP commander killed by own IED
Confusion has reportedly erupted within a factional camp of the Islamic State West Africa Province (ISWAP) following the death of a senior commander allegedly killed by an improvised explosive device planted by his own group. Sources said the incident occurred on Feb. 24 and sparked internal discord among insurgents operating across parts of the Lake Chad Basin. According to the sources,...
Investors lose N1.14trn as stock market reacts to interest rate cuts
The Nigerian stock market closed in the red on Tuesday, February 24, 2026, as investors lost N1.141 trillion following sell-offs in large-cap, consumer goods, and insurance stocks. This development triggered massive sell-offs in stocks such as Daar Communications, Tantalizers, BUA Foods, Ellah Lakes, Japaul Gold, and 35 other equities, which dragged overall market performance lower. The decline followed the outcome of...
UCL: Bodo/Glimt eliminate Inter as Newcastle, Atletico reach last 16
Atletico Madrid, Newcastle United, and Bayer Leverkusen advanced to the last 16 of the Champions League, while Bodo/Glimt defeated last season's runners-up Inter Milan 2-1 at San Siro to reach the next stage with a 5-2 aggregate triumph on Tuesday. Bodo/Glimt, the modest outfit from north of the Arctic Circle, were looking to follow up their stunning 3-1 win last...
Why we’re yet to charge El-Rufai to court ― EFCC
The Economic and Financial Crimes Commission (EFCC) has explained why it is yet to charge former Kaduna State Governor Nasir El-Rufai to court after he was interrogated for three days. El-Rufai was held in EFCC’s custody for two nights, from February 16 to February 18, 2026, over corruption allegations levelled against him. A source at the commission disclosed that the former...
FCT poll: INEC denies result manipulation at Kwali polling unit
The Independent National Electoral Commission (INEC) has dismissed allegations of result manipulation at Kuroko Health Centre polling unit in Yangoji Ward, Kwali Area Council, during last Saturday’s elections in the Federal Capital Territory (FCT). The FCT Resident Electoral Commissioner, Aminu Idris, in a statement issued on Tuesday, February 24, 2026, described the claim as false and misleading. Reports had alleged the...
DSS arrests sixth suspect in Owo Church attack
Operatives of the Department of State Services (DSS) have arrested a sixth suspect linked to the 2022 attack on St. Francis Catholic Church, Owo in Ondo State, where more than 40 worshippers were killed and several others injured. The agency is already prosecuting five suspects — Idris Omeiza, Al Qasim Idris, Jamiu Abdulmalik, Abdulhaleem Idris and Momoh Otuho Abubakar —...
Man bags 20 years for killing uncle in Kano
A High Court in Kano State has sentenced a 25-year-old man, Bara’u Sa’idu, to 20 years in prison for killing his uncle during a dispute over farmland. Sa’idu, who lives in Jarimawa Village in Bagwai Local Government Area, had earlier pleaded not guilty to a one-count charge of culpable homicide. The prosecution, led by Lamido Abba-Sorondinki, presented four witnesses and tendered...
Who is Tunji Disu
The appointment of Olatunji Ridwan Disu as Acting Inspector-General of Police signals a leadership shift within the Nigeria Police Force, with the senior officer bringing more than 30 years of operational, intelligence and administrative experience to the role. Born in Lagos, Disu joined the police as an Assistant Superintendent of Police on May 18, 1992, and has risen through the...
