Osun govt removes monarch over US fraud conviction
The Osun State Government has deposed the Apetumodu of Ipetumodu, Gbenga Oloyede, following his conviction in the United States for fraud-related offences. The decision was announced in a statement issued on Monday by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, who said the action was taken after consultations, legal review and approval by the State Executive Council. According to...
Osinbajo recounts moment he quit alcohol
Former Vice President Yemi Osinbajo has shared how a chance encounter with a colleague led him to stop drinking alcohol. In a video circulating on social media, Osinbajo narrated the experience, describing it as a turning point in his personal life. He said that although he held a pastoral role, he occasionally drank red wine and beer. “I like my red wine...
Cable vandalism responsible for power outages — Edo deputy speaker
The Deputy Speaker of the Edo State House of Assembly, Osamwonyi Atu, has attributed persistent electricity outages in parts of his constituency to the activities of cable vandals. Speaking with journalists in Benin City on Monday, Atu, a member of the All Progressives Congress, said efforts to restore power to communities such as Abudu have been repeatedly disrupted by sabotage. He...
Sanwo-Olu not asked to resign ― Lagos govt
The Lagos State Government has refuted reports claiming that Governor Babajide Sanwo-Olu was asked to resign over alleged health concerns, describing the story as false and misleading. The governor’s Special Adviser on Media and Publicity, Gboyega Akosile, in a statement issued on Monday, April 27, 2026, said the report published by Sahara Reporters was “fake news” with no factual basis. Akosile...
FCT senator dragged to ICPC over alleged $65,000 contract fraud
The senator representing the Federal Capital Territory (FCT), Ireti Kingibe, has been petitioned to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over allegations that she collected $65,000 (equivalent to N118 million at the time) from a businessman to facilitate a Federal Government contract that the petitioner alleges never existed. The petition, dated April 27, 2026, was filed...
Emefiele: Witness alleges $6.23bn diverted from CBN for 2023 election observers
A prosecution witness on Monday told the Federal Capital Territory High Court in Maitama, Abuja, that $6.23 billion was allegedly moved from the coffers of the Central Bank of Nigeria (CBN) under the guise of funding foreign observers for the 2023 general election. The witness, Chinedu Eneanya, gave the testimony before Justice Hamza Muazu in the ongoing trial of former...
Zenith Bank unveils Cote d’Ivoire subsidiary to boost West Africa presence
Zenith Bank Plc has announced the opening of its Cote d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy. The official opening ceremony, scheduled to hold on Wednesday, April 29, 2026, is expected to attract senior government officials and regulators from Nigeria and Cote d’Ivoire, continental business leaders, and members of the diplomatic community. Zenith Bank, in a...
Oil prices rise above $100 amid Hormuz closure
Oil prices rose 1% on Tuesday, April 28, 2026, as efforts to end the United States-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut. A United States official disclosed on Monday that President Donald Trump is unhappy with the latest Iranian proposal aimed at ending the war. Iranian sources revealed on Monday that Tehran's proposal avoided...
Bandits kill 11, injure 2 in Katsina attack
Bandits have killed no fewer than 11 residents during an attack on Gurbi in Kankara Local Government Area of Katsina State. The Katsina State Police Public Relations Officer, DSP Abubakar Sadiq-Aliyu, confirmed the incident via a statement issued on Monday, April 27, 2026. Sadiq-Aliyu noted that two others were also injured. Sadiq-Aliyu said the bandits struck at about 2:40 p.m. on Sunday,...
Stock market reverses 14-day bullish run, sheds N1.3trn
The Nigerian stock market halted its bullish rally on Monday after 14 consecutive sessions of gains, resulting in a loss of N1.365 trillion. The downturn was driven by profit-taking in stocks such as FirstHoldCo, Trans-Nationwide Express, United Bank for Africa, Access Corporation, Fidelity Bank, and 35 others. Market capitalisation fell by 0.94 per cent, or N1.365 trillion, to close at N143.969...
