Blog - News Desk Nigeria

ADC Accuses FG Of Running ‘Ponzi Economy’

NewsDeskNgMay 15, 2026May 15, 20260

ADC has criticised federal government borrowing spree, alleging Nigeria’s economy is unsustainable and worsening citizens’ hardship nationwide. The African Democratic Congress (ADC), has criticised the federal government over Nigeria’s rising debt profile, accusing the administration of President Bola Tinubu of running what it described as a “Ponzi economy” sustained by...

PenCom Grants PFAs Special Waiver To Invest Pension Funds In Dangote Refinery IPO

NewsDeskNgMay 15, 2026May 15, 20260

PenCom approved a one-off waiver allowing pension funds participate in Dangote Refinery’s anticipated IPO despite regulatory restrictions. The National Pension Commission (NAICOM) has granted Pension Fund Administrators (PFAs) a one-off regulatory forbearance to enable investment of pension assets in the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery &...

Nigeria Needs $100bn Yearly To Bridge $2.3tn Infrastructure Gap, Stakeholders Warn

NewsDeskNgMay 15, 2026May 15, 20260

Stakeholders urged Nigeria to unlock private capital and PPPs to tackle its widening $2.3 trillion infrastructure deficit. Nigeria’s infrastructure financing crisis took centre stage at the 2026 Infrastructure Dialogue held in Abuja, where top government and private sector leaders warned the country’s widening infrastructure gap—estimated at $2.3 trillion—can no longer be addressed...

NAICOM Cracks Down On Fake Insurers, Arrests Suspects In Nationwide Enforcement Drive

NewsDeskNgMay 15, 2026May 15, 20260

NAICOM arrested suspected fake insurance operators in Abuja, warning offenders face prosecution under Nigeria’s new insurance reform law. The National Insurance Commission (NAICOM), on Thursday intensified its crackdown on fake insurance operators across the country, arresting scores of suspects in Abuja. The enforcement, in collaboration with police officers from the...

Former Ondo Governor Mimiko Joins APC, Backs Tinubu’s Reforms

NewsDeskNgMay 15, 2026May 15, 20260

Ex-Ondo Governor Olusegun Mimiko has joined APC, praising Tinubu’s education and policing reforms as progressive initiatives. Former Ondo State Governor, Olusegun Mimiko, on Thursday formally joined the All Progressives Congress, APC, at his Ward 7, Ondo West Local Government Area Secretariat in Ondo town. Mimiko, who had before now resigned...

NFF Unveils New Flying Eagles, Golden Eaglets Coaching Crews Ahead Of WAFU Qualifiers

NewsDeskNgMay 15, 2026May 15, 20260

The NFF has unveiled new coaching crews for the Flying Eagles and Golden Eaglets ahead of regional qualifiers and tournaments. The Nigeria Football Federation (NFF) has announced the appointment of new technical crews for the Flying Eagles and Golden Eaglets as preparations intensify for upcoming regional qualifiers ahead of next...

NDLEA Seizes ₦10.4bn Canadian Loud Shipment At Lagos Tincan Port

NewsDeskNgMay 14, 2026May 14, 20260

NDLEA intercepted 4,173.5kg of Canadian Loud worth ₦10.4bn at Tincan Port after an international intelligence operation. The National Drug Law Enforcement Agency (NDLEA) has intercepted a massive consignment of Canadian Loud, a high-potency cannabis strain, valued at over ₦10.4 billion at the Tincan Island Port in Lagos, in one of...

NCAA Grants Pioneer Airlines Licence For Charter Flight Operations

NewsDeskNgMay 14, 2026May 14, 20260

NCAA has granted Pioneer Airlines an operational licence for unscheduled flights. The Nigeria Civil Aviation Authority (NCAA) has granted an operation license to Pioneer Airlines for unscheduled flight operations. The Director General of the NCAA, Captain Chris Ona Najomo, who handed over the certificate to the management of the airline...

Peter Obi: I Will Be A One-Term President If Elected, Regardless Of Pressure

NewsDeskNgMay 14, 2026May 14, 20260

NDC presidential hopeful Peter Obi says he won’t remain in office beyond four years if elected president, even under extreme pressure. Nigerian Democratic Congress presidential aspirant, Peter Obi, has reaffirmed his commitment to serve only a single term of four years if elected President of Nigeria, insisting that nothing would...

Nasarawa Government Shuts Down Mining Firm Over Alleged Security Breaches

NewsDeskNgMay 14, 2026May 14, 20260

Nasarawa government shuts Lideal Mines Company over alleged security breaches and orders immediate withdrawal from its mining site. The Nasarawa State Government has ordered the immediate shutdown of Lideal Mines Company in Endo Community, Udege Development Area, over alleged security concerns and failure to comply with agreements reached with the...