The Punch Verified

1 month, 2 weeks ago Politics

Adetorera Obimakinde breaks down global finance

In an era where financial literacy is becoming increasingly important, a banking professional, Adetorera Obimakinde, is helping shed light on one of the world’s most misunderstood financial instruments—the Standby Letter of Credit. From Lagos to Texas, United States, Obimakinde has built a career a…

Source: The Punch

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1 month, 2 weeks ago Politics

FDI drops 80% as investors favour bonds

Foreign direct investment into Nigeria plunged by 80 per cent in January 2026 as foreign investors increasingly channelled funds into bonds and money market instruments, despite a sharp rise in overall capital inflows, the latest Economic Report of the Central Bank of Nigeria has shown. The report …

Source: The Punch

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1 month, 2 weeks ago Politics

70% of Nigerian firms depend on generators – AfDB

The African Development Bank has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent electricity shortages, with power outages costing businesses about three per cent of their annual sales. The bank disclosed this in its 2026 African Economic Outlook report, wh…

Source: The Punch

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1 month, 2 weeks ago Politics

APC faces revolt after primaries, Lagos cracks deepen

The All Progressives Congress is grappling with rising internal tensions following contentious outcomes of its governorship, National Assembly, and state Houses of Assembly primaries, with growing fears of defections, litigations and anti-party activities ahead of the 2027 general elections. Findin…

Source: The Punch

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1 month, 2 weeks ago Politics

Bizman clinches NDC ticket for Lagos Assembly

A businessman, Ibrahim Koleosho, popularly known as King White, has emerged as the candidate of the Nigeria Democratic Congress for Ifako-Ijaiye Constituency II ahead of the Lagos State House of Assembly election scheduled for 2027. Koleosho secured the party’s ticket after reportedly polling 16,56…

Source: The Punch

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1 month, 2 weeks ago Politics

And the patriot died: Nigeria’s Fourth Republic at 27

On Friday, 29 May 2026, Nigeria’s Fourth Republic turned twenty-seven. But what happened a couple of months back still gnaws at my conscience. In the fluorescent-drenched jungle of electoral sloganeering and sesquipedalian grandstanding, where democracy is served piping hot in branded polythene bag…

Source: The Punch

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1 month, 2 weeks ago Politics

Prepare Nigerians for possible Ebola outbreak, doctors tell FG, states

As concerns over another Ebola outbreak continue to grow among Nigerians following fresh cases recorded in the Democratic Republic of Congo and Uganda, public health physicians and epidemiologists have urged the Federal and state governments to intensify community sensitisation and strengthen surve…

Source: The Punch

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1 month, 2 weeks ago Politics

2027: APM gov candidate promises to reset Lagos

Prince Laja Adeoye on Thursday emerged the consensus governorship candidate of the Allied People’s Movement (APC) for the 2027 governorship election in the state. Adeoye, a real estate entrepreneur, emerged during the party’s gubernatorial primary election, held in Yaba, Lagos. The News Agency of N…

Source: Punch

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1 month, 2 weeks ago Politics

Gov donates N114,000 each to Kaduna hajj pilgrims on S'Arabia visit

Kaduna State Governor, Uba Sani, has given each pilgrim from the state performing the 2026 Hajj 300 Saudi Riyals to support their welfare during the pilgrimage. The governor announced the gesture on Thursday night while visiting Kaduna pilgrims at their tents in Mina, Saudi Arabia. A statement by t…

Source: Punch

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1 month, 2 weeks ago Politics

LP hails Otti on third anniversary, backs second-term bid

The leadership of the Labour Party has congratulated Gov. Alex Otti of Abia on his third anniversary in office, saying that he remains the ‘finest outcome’ of the party’s 2023 electoral outing. The party’s National Publicity Secretary, Ken Asogwa, made this known in a statement issued on Friday in …

Source: Punch

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1 month, 2 weeks ago Politics

2027: No life is worth anyone's political ambitions -Eno

The Governor of Akwa Ibom State, Umo Eno, has cautioned the political class against violent acts during the electioneering campaigns. Eno noted that no single life is worth shedding for anyone’s political ambitions He stated this in his third anniversary speech to the people of Akwa Ibom state on F…

Source: Punch

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1 month, 2 weeks ago Politics

COAS’s frontline Sallah visit will inspire soldiers — Sokoto security adviser

The Special Adviser on Security Matters to the Sokoto State Governor, Col. Ahmed Usman (retd.), has described the Eid-el-Kabir frontline visit by the Chief of Army Staff, Lt. Gen. Waidi Shuaibu, as a major morale booster for troops engaged in counter-banditry operations in the North-West. Speaking …

Source: Punch

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1 month, 2 weeks ago Politics

Anniversary: Taraba approves N500m youth start-up fund

The Governor of Taraba State, Agbu Kefas, has approved N500m for youth start-up support as part of efforts to tackle unemployment and promote economic growth in the state. Kefas announced this on Friday in a statewide broadcast in Jalingo to mark his third anniversary in office, saying the empowerm…

Source: Punch

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Premium Times Verified

1 month, 2 weeks ago Politics

Lawyer asks presidency to sanction Onanuga for linking fake Tinubu audio to VDM

Activist lawyer Marshal Abubakar has asked the Presidency to sanction the Special Adviser to the President on Information and Strategy, Bayo Onanuga, over remarks linking social media activist Martins Otse, popularly known as VeryDarkMan (VDM), to an alleged fake audio of President Bola Tinubu. In …

Source: Premium Times

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BBC Africa Verified

1 month, 2 weeks ago Politics

Ebola outbreak: Kenya court suspends planned US quarantine facility in the country

Kenya court halts opening of US Ebola quarantine facility in the country A Kenyan court has suspended US plans to open an Ebola quarantine facility for American citizens in the country, which has sparked public concern about cross-border infection risks. The 50-bed isolation centre, the exact locat…

Source: BBC Africa

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Al Jazeera Africa Verified

1 month, 2 weeks ago Politics

South Korea’s SK Hynix enters exclusive $1 trillion club

South Korea’s SK Hynix has entered the exclusive ranks of companies worth at least $1 trillion, propelled by explosive demand for semiconductors used in AI. SK Hynix, the world’s second-largest memory chipmaker, hit the milestone this week as investors rushed to capitalise on record-shattering reve…

Source: Al Jazeera Africa

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1 month, 2 weeks ago Politics

PDP faction convenes convention to ratify Jonathan as sole presidential candidate

A faction of the Peoples Democratic Party (PDP) led by former minister of Special Duties and Inter-Governmental Affairs, Kabiru Turaki will on Saturday hold a special national convention in Abuja to ratify the nomination of former President Goodluck Jonathan as its sole presidential candidate for t…

Source: Premium Times

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Al Jazeera Africa Verified

1 month, 2 weeks ago Politics

NATO states slam Russia after drone crashes in Romania

Romania and its NATO allies have reacted angrily after a Russian drone crashed into an apartment building in eastern Romania, injuring two people. The Ministry of Foreign Affairs in Bucharest on Friday labelled the crash of the drone, part of an overnight attack aimed at Ukraine, a serious violatio…

Source: Al Jazeera Africa

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1 month, 2 weeks ago Politics

2027: PDP in Akwa Ibom vows to reclaim power, conduct primaries for governorship, NASS, state assembly polls

The Peoples Democratic Party (PDP), Akwa Ibom chapter, on Thursday vowed to reclaim power from the ruling All Progressives Congress (APC) in the state as it conducted primaries to affirm its consensus candidates for the 2027 governorship, National Assembly and state House of Assembly elections. The…

Source: Premium Times

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1 month, 2 weeks ago Politics

Kaduna APC deceiving Tinubu - Ex-Speaker

Former Speaker of the Kaduna State House of Assembly, Yusuf Zailani, has accused some leaders of the All Progressives Congress (APC) in Kaduna State of working against the political interests of President Bola Tinubu ahead of the 2027 general election. Mr Zailani said those currently presenting the…

Source: Premium Times

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