Dangote Withdraws Corruption Petition Against Ex-NMDPRA CEO Farouk Ahmed from ICPC

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President of Dangote Industries Limited, Alhaji Aliko Dangote, has withdrawn a petition filed before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the former Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed. Sources confirmed that the petition was withdrawn through Dangote’s legal representative, Ogwu Onoja (SAN). It was gathered that the withdrawal followed the decision of another government agency to take over the investigation of the allegations contained in the petition. Recall that in December 2025, Dangote had urged the…

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“My Father Is a Thief” — Portable Alleges Theft, Extortion and Financial Exploitation

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Controversial Nigerian street-pop singer Habeeb Okikiola, popularly known as Portable, has accused his father of theft, financial exploitation and years of neglect, sparking widespread reactions online. In a viral video, the singer alleged that his father took his shoes and clothes without consent and has been aggressively laying claim to his properties, despite offering no support during his upbringing. Portable further claimed that his father had access to the phone numbers of his baby mamas, whom he allegedly contacted repeatedly to demand money. He controversially likened his father’s behaviour to…

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PwC: Poverty to Hit 141 Million Nigerians by 2026

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At least 141 million Nigerians are projected to be living in poverty by 2026, representing about 62 per cent of the population, according to PwC’s Nigeria Economic Outlook 2026. The report, titled “Turning Macroeconomic Stability into Sustainable Growth,” warns that weak real income growth and persistently high living costs will push more households below the poverty line, despite recent economic reforms. PwC noted that most Nigerians are unlikely to see income increases sufficient to offset rising prices, particularly food costs, which account for up to 70 per cent of consumption…

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DJ Cuppy Announces Social Media Break for Spiritual Reflection

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Popular Nigerian disc jockey and billionaire heiress, Florence Otedola, widely known as DJ Cuppy, has announced a short break from social media, citing the need for personal and spiritual renewal. The 33-year-old entertainer made the announcement on Monday via her X (formerly Twitter) page, explaining that she needs quiet time away from online activities to reconnect with herself and God. “Never done this before, but I’m taking a short break from social media. I need some quiet time with myself and time being hidden with God… I’m just taking a…

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FirstHoldCo Announces FirstBank Has Met ₦500 Billion Regulatory Capital Requirement

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–Shareholders commit to future injection of more capital to the Groups’ other subsidiaries First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion. This milestone was achieved following the completion of a series of strategic capital initiatives, including a Rights Issue, a Private Placement, and the injection of proceeds from the divestment of the Group’s merchant banking subsidiary. This successful capitalisation underscores strong market confidence in…

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Fidelity Bank Extends Support to Oluyole Cheshire Home in Ibadan

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In the spirit of the festive season, leading financial institution, Fidelity Bank Plc has reaffirmed its commitment to inclusive community support through a charitable outreach to Oluyole Cheshire Home, Ibadan. The visit, carried out through its Corporate Social Responsibility (CSR) initiative, the Fidelity Helping Hands Programme (FHHP), provided food items and essential supplies to children living with disabilities at the home. Speaking at the outreach, the Divisional Head, Brand and Communications Division, Meksley Nwagboh, emphasized that the exercise was not just an act of seasonal giving but part of the…

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FirstBank Hosts Nigeria Economic Outlook 2026, Leads Conversation on Economic Growth

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FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is an annual customer-facing session which sets the tone on prevailing economic realities, equipping FirstBank customers with insights to navigate the economy effectively at the start of the year. The 2026 edition will review Nigeria’s economic landscape over the past year, provide…

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Ondo Police Arrest 53-Year-Old Mother, Son for Alleged Money Ritual, Rescue 10-Year-Old Boy

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The Ondo State Police Command has arrested a 53-year-old woman and her 28-year-old son over an alleged conspiracy to carry out money ritual activities in Ile-Oluji, Ile-Oluji/Okeigbo Local Government Area of the state. The suspects were arrested following actionable intelligence received by operatives of the Special Weapons and Tactics (SWAT) unit, the police said on Saturday. According to the Command’s spokesperson, DSP Abayomi Jimoh, the attempted ritual was foiled on December 27 after a concerned resident alerted security operatives to suspicious activities in the area. “The operation led to the…

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Anthony Joshua’s Driver Arraigned for Manslaughter Over Ogun Crash

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A 47-year-old man, Kayode Adeniyi, the driver who conveyed British-Nigerian boxing star Anthony Joshua during a fatal road accident, has been arraigned before a High Court of Ogun State sitting in Sagamu for manslaughter and reckless driving. Adeniyi was arrested shortly after the incident and interrogated at the Eleweran Police Station, Abeokuta, where he gave his account of the circumstances surrounding the crash. He was subsequently charged to court. A police source confirmed the development to The Guardian, saying, “He is currently in court. More details are expected as proceedings…

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Fidelity Bank appoints Onwughalu as Chairman following completion of Chike-Obi’s tenure

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Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board transitions are in alignment with the Bank’s policy and have been communicated to the Central Bank of Nigeria, the Nigerian Exchange Group, and other stakeholders. Under Mr. Chike-Obi’s leadership, Fidelity Bank repaid its Eurobond, completed the first tranche of its public offer…

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