Author: Ogochukwu Ndubuisi

The Nigeria Data Protection Commission (NDPC) has begun an investigation into an alleged data breach involving Remita Payment Services Ltd., Sterling Bank and other institutions.

Tether Gold (XAUt) price edged higher 0.67% to $4,661.40 over the past 24h, a modest rise that significantly underperforms Bitcoin’s +4.05% rally.

President Bola Tinubu has approved a N3.3 trillion payment plan to settle outstanding debts under the Presidential Power Sector Financial Reforms Programme.

ADC Dismisses Mark’s Resignation The African Democratic Congress (ADC) has dismissed as false and malicious reports alleging that its National Chairman, Sen. David Mark, has stepped down from his position. This is contained in a statement by Paul Mumeh, from the Media Office of the National Chairman, the party described the claim as “an insidious fabrication” orchestrated by individuals it termed as “puerile, weak, and inconsiderate propagandists.” The party affirmed that Mark remains the substantive National Chairman of the party, stressing that there is no contemplation whatsoever of his resignation either by him or the leadership of the ADC. “The…

Fuel Costs Drive Selling Price Inflation to 15-Month High Nigeria’s private sector felt the sting of the US-Iran war as rising fuel costs drove up selling prices for consumer and producer goods, S&P Global indicates in the Stanbic IBTC Purchasing Managers’ Index (PMI) for March. Growth in the Nigerian private sector slowed at the end of the first quarter of the year as higher fuel costs intensified inflationary pressures, according to details from the PMI report. S&P reported that output growth was only modest, but underlying demand reportedly remained resilient, leading to a further sharp rise in new orders. In…

Nigeria’s Crude Oil Production Hits 1.84mbpd -NUPRC Nigeria’s crude oil production has reached 1.84 million barrels per day (mbpd), according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Meanwhile, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for piloting the petroleum sector to hit a production level of 1.84 million barrels in recent days. Edun said this when the Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, visited the headquarters of the Federal Ministry of Finance in Abuja on April 2, 2026. “It is heartening that you…

ADC Crisis Rooted in Legal Process, not External Influence — Lawyers Two Nigerian lawyers have attributed the ongoing leadership crisis within the African Democratic Congress (ADC) to procedural legal issues and binding court rulings, dismissing claims of external interference. The lawyers, Mr Inibehe Effiong and Mr Bodunde Opeyemi, gave the explanations via their verified X (formerly Twitter) handles, amid public debate over the role of the electoral commission. Mr Effiong, a public interest and human rights lawyer, criticised the legal strategy adopted by the faction led by former Senate President, Sen. David Mark, describing it as procedurally questionable. He explained…

NSIA Records Milestones, Boosts Investments Across Key Sectors The Nigeria Sovereign Investment Authority (NSIA) says it recorded significant milestones in 2025, advancing its mandate of delivering sustainable financial returns while driving tangible economic impact through investments across key sectors. Aminu Umar-Sadiq, Managing Director and Chief Executive Officer of NSIA, highlighted the milestones during the presentation of its 2025 Earnings at a Media Engagement on Thursday in Abuja. Umar-Sadiq highlighted the authority’s catalytic role in mobilising capital, strengthening infrastructure, and supporting innovation in healthcare, energy, agriculture, technology, and capital markets. In fostering innovation and entrepreneurship, he said NSIA partnered the Japan…

Nigerian Exchange Slides Marginally on Pre-Easter Selloffs The Nigerian Exchange (NGX) All Share Index (ASI) slid slightly on Thursday amid pre-Easter holiday sell-offs in some stocks that recently posted significant gains. The local bourse ended the trading session relatively flat, as key performance indicators posted a marginal 0.002% loss. The session, which preceded the Easter break, saw mild profit-taking activities in selective recently appreciated stocks across key market sectors. Specifically, the market index or All-Share Index fell by 4.66 basis points to close at 201,698.89, while market capitalisation dropped by ₦3.00 billion to ₦129.81 trillion. Total volume of all trades…

Muslim Nations Condemn Israel’s New Death Penalty Law Several Muslim-majority countries have strongly condemned a newly passed Israeli law reintroducing the death penalty for terrorism-related offenses, warning it could further escalate tensions in the region. The foreign ministers of Saudi Arabia, Egypt, Jordan, Indonesia, Pakistan, Qatar, Turkey and the United Arab Emirates condemned what they described as the ”imposition of the death penalty in the occupied West Bank”. The ministers expressed concern over what they called Israel’s ”increasingly discriminatory and escalating practices”, arguing that such measures reinforce an apartheid-like system. Its effective use against Palestinians, according to a joint statement…