Zenith Bank has announced the retirement of its founder and Group Chairman, Jim Ovia, marking the end of a significant leadership chapter in one of Nigeria’s leading financial institutions. The announcement was made during the bank’s 35th Annual General Meeting, where the institution confirmed that Ovia stepped down following the completion of his mandatory tenure…
Nigeria’s House of Representatives has called on the Federal Government to suspend the issuance of business permits to South African companies operating in Nigeria following a renewed wave of xenophobic attacks against Nigerians living in South Africa. The lawmakers also demanded a full review of bilateral relations between both countries, including trade and aviation agreements,…
Michael Saylor has sparked fresh debate in the crypto market after suggesting that Strategy, formerly known as MicroStrategy, may eventually sell some of its Bitcoin holdings to fund dividend payments tied to its perpetual preferred stock. The comments have fueled speculation across the cryptocurrency market, with prediction markets sharply increasing the probability that Strategy could…
The Nigerian Navy has introduced a 13-hour movement restriction along the busy Calabar–Oron water channel as part of a renewed crackdown on piracy, kidnapping, smuggling, and other criminal activities threatening maritime security in the region. According to the Navy, the restriction is designed to strengthen surveillance and improve operational control across the waterway, which has…
Tensions in the Middle East escalated sharply after Iran launched cruise missiles, drones, and deployed armed small boats targeting U.S.-flagged vessels and military assets in the strategically important Strait of Hormuz. According to the commander of U.S. Central Command, Brad Cooper, the attacks occurred after U.S. naval forces began escorting American commercial ships through the…
Abia State has secured a major development boost after being selected as one of six Nigerian states to benefit from the World Bank-funded $700 million Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) Programme. The announcement was made following the State Executive Council meeting held on Monday and chaired by Governor Alex Otti….
Nigeria’s push to revive its struggling state-owned refineries has taken a new turn as the Nigerian National Petroleum Company Limited (NNPCL) signed a fresh agreement with two Chinese companies to support the restart, operation, and possible expansion of the Port Harcourt and Warri refineries. The agreement, signed as a Memorandum of Understanding (MoU), was reached…
OPay Digital Services, one of Nigeria’s leading fintech companies, is reportedly taking steps toward a potential initial public offering (IPO) as it works with some of the world’s biggest investment banks. According to reports, OPay is collaborating with Citigroup, Deutsche Bank, and JPMorgan Chase as part of preparations for a possible public listing. Sources familiar…
Nigeria has secured the 24th position out of 153 countries in the International Boxing Association (IBA) 2026 world rankings, highlighting the country’s growing presence in global boxing. According to the latest rankings released by the IBA, Nigeria amassed a total of 12,150 points, placing it ahead of several established boxing nations, including France and the…
The Dangote Petroleum Refinery and Petrochemicals has officially begun direct aviation fuel deliveries to Ethiopian Airlines, marking another major step in its expansion into international energy markets. The development comes as global fuel markets continue to face pressure linked to disruptions caused by the ongoing U.S.-Iran crisis, which has tightened supply chains and pushed up…
