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  • FAAC Shares N1.969 Trillion with Federal, States, LGAs

    By Ifunanya | February 2, 2026 | Comments Off on FAAC Shares N1.969 Trillion with Federal, States, LGAs

    Nigeria’s Federation Account Allocation Committee (FAAC) distributed a total of ₦1.969 trillion to the federal, state, and local governments for December 2025, a slight increase from the previous month’s allocation. The allocation, approved at the […]

  • Otedola Defends First HoldCo’s N748bn Bad Loan Write-Off

    By Ifunanya | February 2, 2026 | Comments Off on Otedola Defends First HoldCo’s N748bn Bad Loan Write-Off

    Femi Otedola, Chairman of First HoldCo Plc, has defended the holding company’s decision to take a substantial one-time charge of ₦748 billion for old, non-performing loans, characterising it as a necessary and deliberate balance sheet […]

  • Constitution Spirit Missing in Nigeria, APC Senator Warns

    By Ifunanya | February 2, 2026 | Comments Off on Constitution Spirit Missing in Nigeria, APC Senator Warns

    Senator Blames Systemic Failures, Not Presidents, for Nigeria’s Governance Challenges A senior member of Nigeria’s ruling party has argued that the nation’s difficulties stem from systemic and structural issues within its political system, rather than […]

  • Trump Threatens Grammy Host Noah Over Epstein Defamation

    By Ifunanya | February 2, 2026 | Comments Off on Trump Threatens Grammy Host Noah Over Epstein Defamation

    US President Donald Trump has launched a sharp critique of the 2025 Grammy Awards, labeling the ceremony “virtually unwatchable” and targeting its host, comedian Trevor Noah, over a joke referencing Jeffrey Epstein. In a post […]

  • Kefas Defection to APC a Blessing for Taraba State

    By Ifunanya | February 2, 2026 | Comments Off on Kefas Defection to APC a Blessing for Taraba State

    A former director at Nigeria’s Federal Capital Development Authority has described the recent defection of Taraba State Governor Agbu Kefas to the ruling All Progressives Congress (APC) as a positive development for the northeastern state. […]

  • Flourish Africa Grants N300m to Women Entrepreneurs

    By Ifunanya | February 2, 2026 | Comments Off on Flourish Africa Grants N300m to Women Entrepreneurs

    Flourish Africa, a women-focused empowerment initiative founded by philanthropist Apostle Folorunsho Alakija, has awarded N300 million in grants to 100 women entrepreneurs across Nigeria. The announcement was made at the organisation’s ninth annual conference in […]

  • 92% Profit Crash at First HoldCo Due to Bad Loans, CBN Recap

    By Ifunanya | February 2, 2026 | Comments Off on 92% Profit Crash at First HoldCo Due to Bad Loans, CBN Recap

    First HoldCo Profit Falls 92% Following Balance Sheet Cleanup Ahead of CBN Recapitalisation Deadline Nigerian financial services group First HoldCo reported a 92 per cent decline in profit for its 2025 financial year, a result […]

  • SERAP Sues NNPC Over Missing ₦22.3 Billion Oil Money

    By Ifunanya | February 2, 2026 | Comments Off on SERAP Sues NNPC Over Missing ₦22.3 Billion Oil Money

    The Socio-Economic Rights and Accountability Project (SERAP) has initiated legal action against the Nigerian National Petroleum Company Limited (NNPCL), demanding transparency over billions of naira and millions in foreign currency allegedly missing from the state […]

  • Rubaya Coltan Mine Landslides Kill 200 Under M23 Control

    By Ifunanya | February 2, 2026 | Comments Off on Rubaya Coltan Mine Landslides Kill 200 Under M23 Control

    Heavy rains triggered fatal landslides at the Rubaya coltan mine in eastern Democratic Republic of Congo (DRC) earlier this week, killing at least 200 people, according to local officials. The disaster struck at a site […]

  • Melania Trump film withdrawn in SA over political climate

    By Ifunanya | February 2, 2026 | Comments Off on Melania Trump film withdrawn in SA over political climate

    South African cinema chains have withdrawn the documentary “Melania” just one day before its scheduled international release, with the local distributor citing an unspecified “current climate” as the reason for the abrupt cancellation. The film, […]

  • Decarbonize Fashion: Nairobi Fashion Week’s Sustainability Drive

    By Ifunanya | February 2, 2026 | Comments Off on Decarbonize Fashion: Nairobi Fashion Week’s Sustainability Drive

    Nairobi Fashion Week 2024 has placed decarbonization at the centre of its agenda, directly challenging the global fashion industry to confront its substantial environmental impact. The event’s theme urged designers and stakeholders to rethink production […]

  • NGF’s Sugar Strategy Targets $2B Industrial Development

    By Ifunanya | February 2, 2026 | Comments Off on NGF’s Sugar Strategy Targets $2B Industrial Development

    The Nigeria Governors’ Forum (NGF) has resolved to designate sugar production as a strategic sector to drive industrial development and generate over $2 billion in revenue across Nigerian states. The decision follows a formal partnership […]

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