Author: Naija Daily News

The Central Bank of Nigeria has announced the successful completion of the banking sector recapitalisation programme launched in March 2024, revealing that Nigerian banks raised a total of N4.65 trillion in new capital over a 24-month period. The development was disclosed in a statement issued on Wednesday in Abuja and jointly signed by Dr. Olubukola Akinwunmi, Director of Banking Supervision, and Mrs. Hakama Sidi-Ali, Acting Director of Corporate Communications. According to the apex bank, the recapitalisation exercise significantly strengthened the resilience of the financial system and enhanced its capacity to support economic growth. It added that the programme attracted strong…

Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has resigned from his position in compliance with a directive issued by President Bola Ahmed Tinubu. The resignation was confirmed on Monday by the ministry’s spokesperson, Kimiebi Ebienfa, who said the move followed the president’s instruction requiring all political appointees intending to contest elective offices in the 2027 elections to step down on or before March 31. The directive, according to the presidency, is based on Section 88(1) of the Electoral Act 2026 and the timetable released by the Independent National Electoral Commission for party primaries ahead of the 2027 general elections. Tuggar’s…

The Airport Police Command has intercepted a 14-year-old stowaway at the Murtala Muhammed International Airport on Monday after the minor attempted to gain unauthorised access to an aircraft. The police said the teenager was discovered on the airport tarmac while trying to unlawfully position himself beneath an aircraft, describing the act as a serious breach of aviation security protocols within a highly sensitive operational environment. Police Public Relations Officer, ASP Mohammed Adeola, disclosed that preliminary investigations revealed the juvenile had entered a restricted area of the airport without authorisation, in violation of Sections 2 and 3 of the byelaws of…

Spain’s leftist government has closed its airspace to United States military aircraft carrying out missions linked to the war in Iran and denied Washington access to its bases, Defence Minister Margarita Robles said on Monday. Robles told journalists that Spanish bases were “not authorised” for such operations and that the country’s airspace would not be used for actions connected to the conflict in Iran, confirming earlier reports. The decision is said to have complicated US military logistics, forcing aircraft to alter routes on their way to the Middle East. Exceptions would only be made in emergency situations. Prime Minister Pedro…

At least 13 people have been killed and several others abducted after armed bandits attacked a wedding celebration in Kahir village, Kagarko Local Government Area of Kaduna State. The Kaduna State Police Command confirmed the incident, noting that efforts were ongoing to ascertain the full details, including the exact number of those abducted. A community leader, Musa Adamu, said the attack occurred around 11:47 p.m. on Sunday when heavily armed gunmen stormed the venue in large numbers and opened fire indiscriminately on guests. Several attendees sustained gunshot wounds and were rushed to the General Hospital in Kagarko, while critically injured…

Former Ekiti State governor, Ayodele Fayose, has warned that the African Democratic Congress (ADC) could face collapse ahead of the 2027 presidential election if Peter Obi fails to secure the party’s ticket. Fayose made the remark while speaking to Channels Television on the sidelines of the national convention of the Peoples Democratic Party (PDP) in Abuja, where he assessed evolving political alignments ahead of the next general elections. “If Obi is not on the ballot of ADC, that is the end of ADC. It looks like that now that Obi will not (be on the ballot),” he said. Despite his…

Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, is expected to resign from his position to pursue the Bauchi State governorship in the 2027 general elections, according to sources familiar with the development. The anticipated resignation is linked to a directive issued by President Bola Ahmed Tinubu, requiring all political appointees seeking elective office in 2027 to step down on or before March 31, 2026. The directive was conveyed in a statement by Dewan Goshit, Head of Information and Public Relations at the Office of the Secretary to the Government of the Federation. Sources said Tuggar’s expected move follows the recent…

Two prominent politicians in Rivers State, Edison Ehie and Boma Iyaye, have denied harbouring governorship ambitions ahead of the 2027 elections. Ehie, the immediate past Chief of Staff to Governor Siminalayi Fubara, and Iyaye, an ally of the Minister of the Federal Capital Territory, Nyesom Wike, made the denials in separate statements issued in Port Harcourt. Ehie was reacting to a poster bearing his image alongside that of former Director-General of the Nigerian Maritime Administration and Safety Agency, Dakuku Peterside, portraying them as governorship candidate and running mate on the platform of the African Democratic Congress ahead of 2027. The…

Former Vice President Atiku Abubakar has dismissed claims that he has stepped aside from active politics, describing the reports as false and misleading. In a statement issued on Monday, the Atiku Media Office refuted circulating social media reports alleging that the former presidential candidate announced his retirement during a meeting with stakeholders of the African Democratic Congress (ADC). The media team clarified that Atiku had not held any recent meeting with ADC stakeholders at the national level, noting that his only recent engagement was with party stakeholders in Adamawa State last Thursday. It stressed that a decision as significant as…

The Independent National Electoral Commission (INEC) has updated its official website to recognise Abdulrahman Mohammed as the National Chairman of the Peoples Democratic Party (PDP), deepening the leadership dispute within the opposition party. Mohammed, who is aligned with the faction loyal to the Minister of the Federal Capital Territory, Nyesom Wike, is now reflected on INEC’s platform alongside other members of the party’s National Working Committee. Those listed include National Secretary, Senator Samuel Anyanwu; National Treasurer, Ahmed Yayari Mohammed; National Financial Secretary, Daniel Woyengikuro; and National Legal Adviser, Kamaldeen Adeyemi Ajibade (SAN). The development comes despite a rival claim to…