Court dismisses Abebe’s no-case submission in N120m fraud trial
Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, has dismissed the no-case submission filed by Dr. John Abebe and his company, Inducon Nigeria Limited, in an ongoing trial over an alleged N120 million fraud. The ruling, delivered on Thursday, March 5, 2026, compels the defendants to open their defence after the court held that the prosecution...
Bandits threaten to kill abducted Niger ex-SUBEB chairman if family plead with Allah
Hajiya Kulu Niworo, sister of the former Chairman of the Niger State Universal Basic Education Board (SUBEB), Alhassan Bawa Niworo, has revealed that bandits threatened to kill her brother if she continued pleading for his release in the name of Allah or Prophet Muhammad. Niworo was abducted alongside several travellers on September 29, 2025, along the Mokwa–New Bussa Road in...
Oil prices drop, set for steepest weekly gain
Crude oil headed for the sharpest weekly gain since Russia launched its full-scale invasion of Ukraine in February 2022, even as prices eased slightly on Friday, March 6, 2026. Brent crude futures have surged 17.2% this week, while West Texas Intermediate has jumped 20%. Those gains dwarf the ground given up on Friday, with Brent down 53 cents, or 0.6%, to...
Trump sacks Kristi Noem as homeland secretary over shootings, spending
United States President Donald Trump sacked Homeland Security Secretary Kristi Noem on Thursday, March 5, 2026, after months of controversy, including the fatal shootings of two U.S. citizens by federal officers in Minneapolis and lawmakers' questions over a $220 million advertising contract. Announcing the dismissal on his Truth Social platform on Thursday, Trump said Oklahoma Senator Markwayne Mullin will replace...
Iran envoy rejects Trump’s role in choosing succession
The Ambassador of the Islamic Republic of Iran to Nigeria, Gholamreza Ahdavi Raja, has rejected remarks by US President Donald Trump suggesting Washington would play a role in determining Iran’s next leader following the death of Supreme Leader Ayatollah Ali Khamenei in Saturday’s attack. Speaking at a press conference in Abuja on Thursday, Raja emphasised that Iran would independently determine...
Stock market rebounds with N220bn gain as capitalisation rises to N126trn
The Nigerian stock market bounced back from a one-day slump, boosting investors’ portfolios by N220 billion on Thursday, March 5, 2026. The positive rally was driven by stocks such as Eterna, NPF Microfinance Bank, Premier Paint, Custodian Investment, Fortis Global Insurance, and 28 others advancing stocks. The market capitalisation rose by 0.18 per cent, increasing from N126.097 trillion to N126.317 trillion. The...
Gas constraints reduce electricity generation to 3,940MW
The Nigerian Independent System Operator (NISO) has attributed the continued decline in electricity generation on the national grid to the persistent gas supply constraints affecting several thermal power plants. NISO made this known in a statement issued on Thursday, March 5, 2026. “As of 5:00 a.m. of Thursday, total generation on the national grid stood at 3,940.53 Megawatts (MW), which was...
Police sack 4 officers for killing 7 traders in Lagos
The Lagos State Police Command has announced the dismissal of four police officers over their involvement in the killings of seven traders in the Owode Onirin area of the state. The Lagos State Commissioner of Police, Olohundare Jimoh, announced this on Thursday, March 5, 2026, noting that an investigation into the Owode Onirin killings was ongoing. Jimoh said the dismissed officers,...
Explosions erupt across Tel Aviv as Iran fires missiles
A fresh barrage of missiles from Iran triggered multiple explosions across Tel Aviv on Friday, as firefighters battled a blaze at a residential building near the city’s commercial district. The attacks followed Israel’s expansion of its campaign against Hezbollah, vowing retaliation against the Tehran-backed militant group after the killing of Iran’s supreme leader, Ayatollah Ali Khamenei, on Saturday. Iran’s state broadcaster...
C’River assembly suspends lawmaker over domestic assault
The Cross River State House of Assembly has suspended the member representing Obubra I State Constituency, Dickson Agbor, indefinitely over allegations of domestic assault. The decision was taken during plenary on Thursday following a motion moved by Davies Etta and seconded by Francis Bassey Asuquo. While presenting the motion, Etta condemned the alleged violent conduct involving Agbor, describing it as behaviour...
