• Alleged identity theft: EFCC urged to clarify probe status

    By Henry Ojelu
    A United States-based Nigerian, Oluwasegun Elusoji, has appealed to President Bola Tinubu and relevant authorities to intervene in the alleged suspension of investigation into a letter he submitted to the Economic and Financial Crimes Commission, EFCC.
    The letter, referenced as EFCC/PET/HQR/1656/2025, was submitted on April 28, 2025, through W.K. Shittu & Co. and acknowledged at the EFCC headquarters in Abuja.
    The letter was titled: “Urgent request for investigation and
  • Two-storey ​‌‍‍‍‍⁠⁠‌‍​⁠‌‍​​‌‌​building collapses in Anambra

    A two-storey residential building has collapsed in Anambra, but no life was lost.The Commissioner for Physical Planning and Urban Development in the state, Mr Chijioke Ojukwu, confirmed the incident to newsmen on Monday.Ojukwu said that the building, located at Inyaba-Umudim Nnewi, Nnewi North Local Government Area, reportedly collapsed on Sunday.The commissioner, who visited the scene for on-the-site assessment, described the incident as unfortunate.He, however, expressed joy that no fatality
  • Iran president offers US olive branch before Putin meeting

    Iran president offers US olive branch before Putin meeting
    Iran’s President Masoud Pezeshkian on Tuesday vowed to match any US move to return to a June deal aimed at ending their war, as he prepares to meet his Russian counterpart Vladimir Putin at a regional summit. The two allies were due to hold talks on the sidelines of the Shanghai Cooperation Organisation summit inRead More: https://punchng.com/iran-president-offers-us-olive-branch-before-putin-meeting/
  • Iran president says Tehran would ‘immediately’ reciprocate if US returns to June deal

    Iran’s President Masoud Pezeshkian said Tuesday that Tehran would “immediately” reciprocate if the United States returned to a June deal aimed at ending their war.“I state explicitly that if the United States returns to its commitments under the aforementioned memorandum of understanding, the Islamic Republic of Iran will immediately take reciprocal action,” Pezeshkian said at a Shanghai Cooperation Organisation summit in Kyrgyzstan, according to the website of the
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  • US Army Secretary Driscoll resigns

    US Army Secretary Driscoll resigns
    The US Army’s top civilian leader, Dan Driscoll, has submitted his resignation, the White House confirmed Monday, following reports of tensions with Defence Secretary, Pete Hegseth. Asked about a Wall Street Journal report that Driscoll had resigned, White House Principal Deputy Press Secretary Anna Kelly did not deny it. “Driscoll has been highly effective inRead More: https://punchng.com/us-army-secretary-driscoll-resigns/
  • CDHR slams teargassing of Lagos pensioners, demands arrears payment

    CDHR slams teargassing of Lagos pensioners, demands arrears payment
    The Committee for the Defence of Human Rights on Tuesday condemned the reported use of tear gas and force against pensioners protesting on Monday over unpaid pensions, gratuities and other entitlements at the Lagos State House of Assembly. The rights group, in a statement signed by its National President, Yinka Folarin, and General Secretary, IdrisRead More: https://punchng.com/cdhr-slams-teargassing-of-lagos-pensioners-demands-arrears-payment/
  • Sohcahtoa Finance Company Limited Celebrates a 3-Year Milestone in Building Financial Opportunities for Customers

    Sohcahtoa Finance Company Limited Celebrates a 3-Year Milestone in Building Financial Opportunities for Customers
     From helping customers access financing for their needs to helping them grow their funds, Sohcahtoa Finance Company Limited (SFCL) is marking three years of building financial solutions around the changing needs of Nigerians and businesses. Since its establishment, SFCL has worked to make lending and funds management solutions more accessible, supporting customers with services designedRead More: https://punchng.com/sohcahtoa-finance-company-limited-celebrates-a-3-year-milestone-in-buildin
  • Trump vows to hit Iran ‘hard’ after first exchange of fire in weeks

    US President Donald Trump threatened on Monday to hit Iran “hard” after the two foes traded fire for the first time in weeks, as his Treasury secretary vowed to keep up a pressure campaign aimed at hobbling Tehran’s economy.After six months of war, the foes remain at an impasse, with Iran keeping the strategic Strait of Hormuz closed and the US persisting with a counter-blockade of Iranian ports.On Sunday, the United States carried out strikes on an Iranian island in the Strai
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  • OML 42: Nestoil targets improved oil production with $28m investment

    Nestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria.The Group, in a statement, said through its strategic business unit, Scorpio Drilling International, it recently deployed the Pathfinder 500 rig to Oil Mining Lease (OML) 42, where it completed workover operations on two producing wells without any Health, Safety and Environment, HSE, incidents.Acco
  • Banks’ borrowing drops 89% to N126bn 

    Banks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system.The CBN has two short term lending windows for banks: the      Standing Lending Facility (SLF) and Repo lending.The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR),
  • Nepal floods death toll surpasses 1,000 as thousands remain missing

    Nepal floods death toll surpasses 1,000 as thousands remain missing
    Devastating floods on the China-Nepal border have killed at least 987 people in Nepal, the disaster authority said Tuesday, taking overall deaths to more than 1,000. Chinese state media earlier confirmed 16 people were killed in Tibet, bringing the total toll from Wednesday’s disaster to 1,003. The number of missing in Nepal dropped to 3,916,Read More: https://punchng.com/nepal-floods-death-toll-surpasses-1000-as-thousands-remain-missing/
  • IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount

    By Peter EgwuatuThe International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens.According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole Economic Policy Symposium, titled “Navigating a financially more fluid world”, said countries issuing reserve assets
  • $14.86m Fraud: EFCC summons wanted ex-gov, Sylva for questioning

    The Economic and Financial Crimes Commission (EFCC) has asked former Bayelsa State Governor, Timipre Sylva, to appear before the agency for questioning over an alleged $14.86 million fraud case.The commission’s spokesman, Dele Oyewale, disclosed this on Monday in response to allegations by Sylva that the EFCC had allowed itself to be used as a political tool by the All Progressives Congress (APC).“He has been declared wanted; he should make himself available to the commission,&rdquo
  • Electricity subsidy bill hits N1.92trn in 2025 — NERC

    By ObasEsiedesa, AbujaThe electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC).NERC, in its 2025 industry report, put the government’s gross tariff subsidy obligation at N1.928 trillion for the year, representing 57.44 per cent of the total Nigerian Bulk Ele
  • Morning recap: EFCC summons Sylva over $14.86m fraud, public funds moved into crypto, other top stories

    Morning recap: EFCC summons Sylva over $14.86m fraud, public funds moved into crypto, other top stories
    From the EFCC summoning former Bayelsa governor Timipre Sylva over an alleged $14.86m fraud to revelations that public funds were moved from a local government account into cryptocurrency wallets, fresh anti-corruption developments dominate the morning headlines. In the United States, a former Los Angeles gang leader has been found guilty of murdering rap icon TupacRead More: https://punchng.com/morning-recap-efcc-summons-sylva-over-14-86m-fraud-public-funds-moved-into-crypto-other-top-stories/
  • Nigeria’s GDP rises 4.4% as oil sector rebounds

    By Elizabeth AdegbesanThe National Bureau of Statistics (NBS), yesterday,  said that the Nigerian economy expanded in real terms by 4.43 percent  year-on-year, YoY, in the second quarter of 2026, Q2’26  from 4.2 percent  in Q2’25.NBS disclosed this in its Gross Domestic Product, GDP, report for Q2’26 noting that both the oil and non-oil sectors grew in the review period, rising by 7.3 percent YoY and 4.3 percent YoY, respectively.NBS said: “GDP grew b
  • Duane ‘Keffe D’ Davis found guilty of murdering Tupac Shakur

    Duane “Keffe D” Davis, a former Los Angeles gang member, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur.Thirty years after the rap legend’s death, the jury found Davis, 63, guilty of murder after just a few hours of deliberation.“Count one, murder with use of a deadly weapon, guilty of first-degree murder with use of a deadly weapon,” the foreperson of the jury announced to the court.Davis, who faces possible
  • Czech Embassy debunks scholarship eligibility claim for Nigerian students

    Czech Embassy debunks scholarship eligibility claim for Nigerian students
    The Embassy of the Czech Republic in Nigeria has debunked information circulating online claiming that Nigerian students are eligible for the Czech Government Scholarship programme for the 2027/2028 academic year. The embassy, in a statement on Monday, said Nigeria was not among the countries eligible for the scholarship programme for the 2027/2028 academic year. TheRead More: https://punchng.com/czech-embassy-debunks-scholarship-eligibility-claim-for-nigerian-students/
  • 40 youths renounce cult groups, pledge peace in Cross River

    40 youths renounce cult groups, pledge peace in Cross River
    About 40 youths in Abini Community in Biase Local Government Area of Cross River State have renounced their membership of the Vikings, Klans and Axemen cult groups and pledged to embrace lawful living. The youths made the commitment on August 26, 2026, during a sensitisation and engagement programme organised by the Cross River State PoliceRead More: https://punchng.com/40-youths-renounce-cult-groups-pledge-peace-in-cross-river/
  • Dollar to Naira exchange rate today, September 1, 2026

    The Nigerian naira is trading at different rates against the US dollar across the official foreign exchange market and the parallel market as of Tuesday, September 1, 2026.At the Nigerian Foreign Exchange Market (NFEM), the dollar was quoted at about ₦1,332.44 on the latest available official data for August 31. The Central Bank of Nigeria (CBN) describes the NFEM rate as a volume-weighted average and the official exchange rate for the day.The latest parallel-market checks, meanwhile, put
  • 2027: Tinubu is formidable politician but weak on governance — Donald Duke

    Former Cross River State Governor and presidential candidate of the Peoples Redemption Party (PRP), Donald Duke, has described President Bola Tinubu as a formidable politician but criticised his administration’s performance in governance.Duke spoke on Monday during an appearance on Channels Television’s Politics Today, where he assessed Tinubu’s political standing ahead of the 2027 presidential election.The PRP candidate said he did not believe Tinubu was politically stronger
  • Ex- LA gang leader found guilty of Tupac’s murder

    Ex- LA gang leader found guilty of Tupac’s murder
    A former Los Angeles gang member, Duane “Keffe D” Davis, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur. Thirty years after the rap legend’s death, the jury found Davis, 63, guilty of murder after just a few hours of deliberation. “Count one, murder withRead More: https://punchng.com/ex-la-gang-leader-found-guilty-of-tupacs-murder/
  • Obi, Baba-Ahmed tackle Tinubu over withholding of past records

    By Clifford Ndujihe & Omeiza AjayiThe presidential candidate of the Nigeria Democratic Congress, NDC, in the 2027 polls, Mr Peter Obi; and  National Chairman of the People’s Redemption Party, PRP, Dr Hakeem Baba-Ahmed, yesterday, tackled President Bola Tinubu over alleged attempts to block release of his past records in the United States by the Federal Bureau of Investigation, FBI.While Obi described the move as embarrassing, Baba-Ahmed queried the simultaneous absence of Preside
  • Oversight: Dangote Refinery secures court’s orders against NMDPRA

    By Innocent AnabaLAGOS — A Federal High Court sitting in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, a federal agency charged with the responsibility to regulate, monitor, supervise technical and commercial operations in the country’s midstream and downstream petroleum value chain, and others, from shutting down Dangote Petroleum Refinery, under the guise of performing oversight functions.Trial judge, Justice Akintayo Aluko, mad
  • G-100: Opposition parties offer 4-yr single term to stop Tinubu 

    ***Atiku, Obi, Makinde absent at summit
    ***ADC, APM, NDC, PDP faction, PRP, SDP, DLA work out templateBy Omeiza AjayiABUJA — Presidential candidates of the African Democratic Congress ADC, Alhaji Atiku Abubakar; his counterparts in the Nigeria Democratic Congress, NDC, Mr. Peter Obi; and Allied Peoples Movement APM and governor of Oyo State, Engr. Seyi Makinde, were absent as leaders of Nigeria’s six main opposition political parties converged in Abuja, yesterday, to firm-up coaliti
  • A Leadership Lesson for Nigeria from Dolly Parton, by Dakuku Peterside

    Dolly Parton has never governed a state, controlled a public budget, or commanded the machinery of government. Yet her life offers Nigeria a timely lesson: leadership is measured not by the grandeur of office, the length of a convoy, or the volume of publicity, but by the durable good created for others. Parton turned fame into public purpose, supporting literacy, medical research, disaster relief, and education. Her example affirms a universal principle: influence is stewardship.Her Imaginatio
  • Police arrest 70-year-old man for defiling Bauchi minor

    Police arrest 70-year-old man for defiling Bauchi minor
    The Bauchi State Police Command has arrested a 70-year-old man, Usman Abubakar, for allegedly defiling an eight-year-old girl in the Tsakanin Bayara area of Bauchi metropolis. The command disclosed this in a statement issued on Saturday by its Police Public Relations Officer, SP Nafiu Habib. According to the statement, the incident was reported at theRead More: https://punchng.com/police-arrest-70-year-old-man-for-defiling-bauchi-minor/
  • Oil spill chokes Nembe Creek communities as residents seek intervention

    By Samuel OyadonghaNEMBE CREEK — The stench of crude oil hangs heavy over the Nembe Creek communities, coating mangroves, centuries-old trees, and the waterways that have sustained generations of fishermen. For more than 20 fishing settlements along the waterway, the latest oil spill represents a severe threat to their livelihoods and environment. The incident occurred on August 22, 2026, when a barge being loaded with crude oil from a manifold at a Nembe Creek facility operated
  • House of chiefs should be the next (4), by Eric Teniola

    This week, we continue  the series on why the House of Chiefs should be considered by the National Assembly. In conclusion of their report, Section 37 states that (a) “The Governor may consult the State Council of Chiefs as a body in the exercise of his powers in relation to the maintenance of public order, customary and cultural affairs, intercommunal relations, chieftaincy matters and such other matters as may be referred to it by the Governor. The composition, powers and proc
  • Uprooting terrorists’ logistic supply chains 

    Nigeria’s war against terrorism and banditry has reached a point where military firepower alone cannot deliver victory. What began with the Boko Haram insurgency in 2009 has metastasised into a sprawling ecosystem of armed groups operating from forests, mountains and remote settlements, kidnapping for ransom, attacking communities, displacing populations, seizing land, rustling cattle, extorting farmers and, in some places, pursuing jihadist objectives.The precise number of such groups is

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