Contractors may get part-payment on N1.8trn debt this week — Reps
Members of the House of Representatives have signalled that the Federal Government may begin releasing funds this week to settle part of the N1.8 trillion owed to contractors who executed capital projects in the 2024 fiscal year, raising cautious hopes among thousands of businesses that have waited months for payment. The lawmakers, speaking separately, declined to specify the expected disbursement...
Dangote joins Trump, Xi, others on TIME’s 2026 power list
Nigerian industrialist Aliko Dangote and United States President Donald Trump have been named among TIME magazine's 100 Most Influential People for 2026, joining a roster of global figures whose decisions and actions are shaping the world's political, economic, and cultural direction. The list, released on Tuesday, April 15, spans six categories and recognises individuals across business, politics, technology, science, and...
Netflix shifts focus to ads, content after failed Warner Bros bid
Investors are expected to watch closely as Netflix moves toward increased content investment and advertising growth when it releases its quarterly earnings on Thursday, April 16, 2026, following its unsuccessful attempt to acquire Warner Bros Discovery. The proposed acquisition would have given Netflix access to major franchises such as ‘Game of Thrones’ and ‘Friends’, saving the company the time and...
2027 will be my last presidency race — Atiku
Former Vice President Atiku Abubakar has confirmed he will contest the 2027 presidential election, describing the race as his final attempt to lead Nigeria. Atiku made the declaration in an exclusive interview with ARISE TV on Wednesday, responding to a question about whether turning 80 by 2027 raised the personal stakes for him. "Certainly yes, because the stakes are higher and...
Uba Sani releases N4.289bn for Kaduna, LG pensioners
Kaduna State Governor Uba Sani has approved the release of N4.289 billion for the payment of pension entitlements, gratuities and death benefits to retired civil servants and families of deceased workers in state and local government service. The disbursement covers 1,637 beneficiaries under two schemes — the Contributory Pension Scheme (Accrued Rights) and the Defined Benefit Scheme (Gratuities and Death...
Excessive interest rate hikes could derail economic reforms — Edun
Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has cautioned that aggressive interest rate increases could undermine economic reforms in developing countries, warning policymakers to tread carefully amid escalating global pressures. Edun made the remarks at a G24 press conference on the sidelines of the International Monetary Fund spring meetings in Washington, D.C. "Premature or excessive interest...
Nigeria’s inflation rate rises to 15.38%
The National Bureau of Statistics (NBS) has announced that Nigeria’s headline inflation rate rose to 15.38 per cent in March 2026. The NBS made this known via its Consumer Price Index (CPI) report released on Wednesday, April 15, 2026. The bureau stated that the March headline inflation rate showed an increase of 0.32 per cent compared to the February 2026 headline...
Man rescued after plunging into Lagos lagoon
A man was rescued on Wednesday after reportedly entering the Lagos Lagoon moments after stopping his vehicle on a bridge in Lagos. Eyewitnesses said the situation could have turned tragic, but the swift response of local fishermen in the area helped save him from the water. A video capturing the rescue surfaced online and was shared on Instagram by social commentator...
BBC to sack 2,000 workers to make £500m savings
The British Broadcasting Corporation (BBC) has announced plans to reduce its workforce by up to 2,000 roles as it moves to address mounting financial challenges. The broadcaster said it must cut costs by £500 million within the next two years. Interim Director-General Rhodri Talfan Davies acknowledged that the planned job losses would be difficult for employees but stressed the need to...
General Braimah, other fallen soldiers buried in Maiduguri
Late Brigadier General Omo Braimah, Captain Ismail, and other soldiers killed in active service were on Wednesday laid to rest with full military honours at the Maimalari Cantonment Cemetery in Maiduguri, Borno State. The solemn ceremony, held on April 15, 2026, brought together senior government and military officials, grieving families, and fellow soldiers to pay their final respects to the...
