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Union Bank: How controversial transactions led to CBN takeover

•Apex bank affirms lender remains strong, stable FRESH details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria (UBN), with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors. The Central Bank of Nigeria (CBN) had in January 2024 dissolved the bank’s board […]

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LEDU projects N73.15tr GDP for Lagos in 2026

By Seth Ukochukwu The Lagos Development Update, LEDU, 2026 report has projected significant expansion in the state’s economy, with nominal Gross Domestic Product (GDP) expected to rise to N73.15 trillion this year from N62.66 trillion in 2025, supported by easing inflation, stronger consumption, and improved revenue mobilisation. Speaking at the presentation of the report, Commissioner, Ministry […]

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‘1,402 Nigerians killed, abducted by terrorists in 96 days’

By Jeff Agbodo International Society for Civil Liberties and Rule of Law, Intersociety, has said that terrorists operating in Nigeria have killed and abducted 1,402 Christians in 96 days, spanning from January 1, 2026, New Year’s Day, to Easter Monday, April 6, 2026. The group, in its recent update on various attacks, said 450 people were […]

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FG orders probe into alleged plot against local barge operators

By Folarin Kehinde  The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed the Nigerian Shippers’ Council to investigate allegations of systemic attempts to undermine indigenous barge operators at the nation’s seaports. Oyetola gave the directive during the 2026 First Quarter Citizens/Stakeholders’ Engagement, Sectoral Performance Review, and Ministerial Management Retreat of the Federal Ministry […]

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