Breaking News

Day: August 4, 2026

Economic Summit: Shettima, Okonjo-Iweala, Elumelu, others seek investments for Delta

***Delta unveils $100m fund to attract investors ***Delta can rival Lagos as Nigeria’s growth engine -Okonjo Iweala By Babajide Komolafe, Economy Editor, Egufe Yafugborhi & Ochuko Akuopha ASABA—Vice President Kashim Shettima, yesterday, urged local and foreign investors to take advantage of Delta State’s enormous economic potential, declaring that healthy competition among states, driven by their…

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APC, Adeleke clash over notorious criminals’ protection

•Some hardened criminals have been released —APC •Gov hasn’t pardoned anyone in 2 years —Adeleke  By Shina Abubakar OSOGBO— THE Campaign Councils of the All Progressives Congress, APC, and that of Governor Ademola Adeleke in Osun State, were locked in war of words, yesterday, over protection and release of criminals. While the APC campaigb accused Governor Adeleke…

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Onaiyekan to Presidency: We’re done talking, govern better

The Archbishop Emeritus of Abuja, John Cardinal Onaiyekan, has declined to respond to criticisms by the Presidency, insisting that Catholic Bishops have already delivered their message to the President and were only interested in whether it would influence governance. The latest remarks followed an exchange between the Presidency and the Catholic Bishops’ Conference of Nigeria,…

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NEC approves refinancing of $3.3bn Project Gazelle to optimise cost, unlock additional liquidity

By Johnbosco Agbakwuru ABUJA — THE National Economic Council, NEC, has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new US$4.5 billion facility, named Project Gazelle 2. The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an…

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Naira appreciates to N1,408/$ in parallel market

By Elizabeth Adegbesan The  Naira yesterday appreciated to N1,408 per dollar in the parallel market from N1,415 per dollar last weekend. Likewise, the naira appreciated to N1,365 per dollar in the Nigerian Foreign Exchange Market,  NFEM. Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the naira fell to…

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