Keystone Bank is now under the full ownership of the Federal Government of Nigeria, following a court ruling that forfeited shares held by the bank’s former shareholders. The Lagos State High Court, Ikeja, ordered the forfeiture of shares previously held by Sigma Golf Nigeria Limited and Alhaji Umaru H. Modibbo, effectively transferring ownership to the Federal Government. Keystone Bank described …

The Organization of the Petroleum Exporting Countries (OPEC) has revised its forecast for U.S. oil and condensate production in 2025, reducing it by 50,000 barrels per day. Despite this downgrade, OPEC still expects U.S. oil production to increase by 240,000 barrels per day in 2025, reaching 13.47 million barrels per day. To put this into perspective, U.S. oil production averaged …

At least 70 traditional rulers in Osun State, under the leadership of the Akire of Ikire-Ile, Oba Abdulazeez Adebamiji, are advocating for a significant change in the state’s political landscape. They’re calling on all political parties to reserve their 2026 governorship tickets for candidates from the Osun West Senatorial District. The monarchs made this appeal in a communique issued after …

The national grid collapsed for the first time in 2025 today Wednesday, February 12, at 11:34 am, leaving Nigerians in a blackout. This incident marks a continuation of the power disruptions and blackouts experienced in 2024, which saw the grid collapse at least 12 times. The collapse affected the power supply in the franchise areas of Electricity Distribution Companies, including:Ikeja …

Meta latest round of job cuts, which impacted 3,600 employees globally, has also affected staff in Nigeria and other African offices. Meta announced the terminations across its global workforce in an internal memo, with only employees in Germany, France, Italy, and the Netherlands exempted. Affected employees in Africa, Asia, and other parts of Europe will receive their termination notices between …

Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has reassured citizens that the Federal Government is committed to reducing food prices across the country. To achieve this, the government plans to invest heavily in agricultural production, focusing on improving the supply of food in Nigerian markets. Rather than imposing price controls, the President Bola Tinubu-led administration will adopt a …

Kaduna State has made history by becoming the first subnational government to adopt the Gender Responsive Public Procurement Policy. This policy, formulated in collaboration with UN Women and other stakeholders, aims to promote inclusive economic growth by increasing the participation of women-owned and women-led businesses in public procurement. The policy seeks to bridge the gender gap by enabling equitable economic …

The Nigeria Immigration Service (NIS) has made a significant arrest, apprehending a suspected human trafficker, Sirajo Illela, and rescuing two female victims, Maryam Akinosi and Olatunde Abidemi, who were bound for Libya. The arrest was made at the suspect’s family residence in Yar Kara area, Illela Local Government, Sokoto State, on February 12. According to the Comptroller of the command, …

Gov. Sanwo-Olu The Lagos State Government has announced that it’s ending its remote work policy for public servants, which was initially introduced to help mitigate the effects of the fuel subsidy removal. According to the Head of Service, Mr. Bode Agoro, the decision is aimed at enhancing service delivery and aligns with the implementation of the new minimum wage in …

A recent incident at the Faculty of Arts, Nnamdi Azikiwe University, resulted in a physical altercation between a student and a lecturer. The lecturer, Dr. Chukwudi Michael, reportedly interrupted the student while she was recording a video, leading to a heated argument. The situation escalated, resulting in the student biting the lecturer. Eyewitnesses said the student was dancing while someone …