Author: Ifetayo Adeniyi

Manny Ita  – A major cultural carnival aimed at reviving and promoting Igbo heritage and traditional customs has been staged in Ebonyi State by the Ike-Elechi Ogba Foundation, drawing participants from across the South-East and beyond. The event, which featured a rich display of indigenous music, dance, attire, and traditional rites, served as a rallying point for cultural enthusiasts, community leaders, and youth groups committed to preserving ancestral identity in a rapidly modernising society. Organisers said the carnival was conceived as part of ongoing efforts to reconnect younger generations with the values, language, and customs that define Igbo identity. According…

Manny Ita  – A 48-hour curfew has been imposed on Jos, the capital of Plateau State, following a deadly attack that has heightened fears of renewed violence in the region. Authorities confirmed that several people were killed in the incident, which occurred in the early hours of the day, sending shockwaves across communities already grappling with longstanding security challenges. The Plateau State Government announced the curfew as an immediate measure to restore order and prevent further escalation. Security agencies have since been deployed across key parts of the city, with checkpoints mounted and patrols intensified to enforce compliance. Residents have…

Manny Ita  – Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has formally resigned from the Federal Executive Council, bringing an abrupt end to his tenure in one of the country’s most strategic diplomatic positions. The resignation, confirmed by senior government sources, is understood to be tied to his intention to pursue a governorship bid in Bauchi State ahead of the next electoral cycle. Presidency officials indicated that the decision was communicated directly to Bola Ahmed Tinubu, who has since acknowledged the minister’s exit. While no official statement has yet outlined immediate replacement plans, insiders suggest that arrangements are underway to…

Manny Ita  – The deadline set by the Central Bank of Nigeria for the completion of its latest recapitalisation phase expires today, bringing Nigeria’s banking sector to a critical regulatory turning point. Financial institutions across the country have spent months adjusting their capital structures, raising fresh funds, and restructuring balance sheets in anticipation of stricter compliance requirements tied to the exercise. The recapitalisation directive, introduced as part of broader efforts to strengthen the resilience of the financial system, is expected to trigger a new round of supervisory scrutiny. Industry analysts note that while several tier-one banks appear well-positioned to meet…

Elegbede Abiodun … taking rise from $11.8 billion as of March 1, 2026 to $14 billion at the time of filing this report.  Nigeria’s billionaire industrialist, Abdulsamad Rabiu, has recorded a significant rise in his net worth, gaining $2.2 billion in less than one month, amid a strong rally in the shares of his flagship companies, BUA Cement Plc and BUA Foods Plc. According to data tracked by Nairametrics from the Bloomberg Billionaires Index showed that Rabiu’s fortune rose from $11.8 billion as of March 1, 2026, to $14 billion at the time of filing this report, reflecting renewed investor…

The Islamic Development Bank (IsDB) has signalled plans to significantly scale up its support to Nigeria over the next five years, marking a major shift towards a private sector-driven development model aimed at accelerating economic transformation. Director general of Country Programs at IsDB, Anasse Aissami, speaking at the IsDB Group Day in Nigeria on Monday, said the bank is repositioning its strategy to deliver a more robust and integrated financing framework that goes beyond traditional project funding. He disclosed that the bank’s planned interventions in the country over the next five years are expected to surpass what has been delivered…

In a powerful demonstration of its dedication to deepening educational advancement and human capital development in Nigeria, Polaris Bank, has made significant funds available towards the full renovation of the Faculty of Economics and Management Sciences Building at the prestigious University of Ibadan. This landmark intervention revives a historic structure originally gifted to the University in 1985 by one of Polaris Bank’s legacy institution, the defunct International Bank for West Africa (IBWA). For over four decades, the building has stood as a beacon of academic excellence, shaping generations of Nigerian professionals in critical disciplines.The facility previously served as the home…

Elegbede Abiodun Leaders and members of the National Assembly also called in to celebrate President Tinubu. The Chief of Staff to the President, Hon Femi Gbajabiamila, was on hand to receive the visitors. President Tinubu marked his 74th birthday in a low-key manner, in line with what he described as the prevailing mood of the nation and his longstanding personal tradition. In a special birthday message to Nigerians, the President said he deliberately chose a subdued celebration, consistent with previous years, as a mark of sensitivity to national circumstances. “Consistent with my tradition of marking my birthday in line with…

Aliko Dangote, president and chief executive officer of Dangote Group.  As part of its commitment to environmental sustainability, the Transport Unit of Dangote Cement Plc, Obajana, has embarked on a large-scale tree-planting exercise and distribution of seedlings in commemoration of the 2026 International Day of Forests. In a statement, the company disclosed that 13 schools were also provided with seedlings, even as it planted hundreds of trees. Speaking at the event, Divisional Director Transport (DDT), Col. Hemant Rana (rtd), observed: “Forests play a vital role in regulating our climate, supporting biodiversity, and providing essential resources for humans.” Represented by the…

US President Donald Trump has said on Sunday that the US-Israel war had achieved regime change in Iran, even as he assured that he would “make a deal” with the Iranians. “I think we’ll make a deal with them, pretty sure… but we’ve had regime change,” Trump told reporters aboard Air Force One, citing the number of Iranian leaders killed in the month-long war. “We’re dealing with different people than anybody’s dealt with before. It’s a whole different group of people. So I would consider that regime change,” Trump said. Mojtaba Khamenei, the son of former supreme leader Ali Khamenei,…