The World Bank has committed an initial $25 million to Nigeria’s newly launched $300 million Distributed Renewable Energy Fund, a contribution that represents just 8.3 per cent of the fund’s target and leaves a gap of $275 million that has not yet been secured. The fund, co-managed by the Nigeria Sovereign Investment Authority and Africa50,…
Nigeria’s new High Commissioner to Zambia, Ambassador Queen Efe Alexandra Clark-Omeru on Friday presented her Letter of Credence to President Hakainde Hichilema. The ceremony, which took place at the State House in Lusaka, marked her formal admission into Zambia as Nigeria’s highest-ranked diplomatic official. She was accompanied by Mrs Epelle C.A, Nigeria’s former Acting High…
Wall Street major Jefferies has slashed the target price of HDFC Bank shares to Rs 880 from Rs 1,050 per share, forecasting a fresh upside of 22% from current levels after the lender announced that its CEO Sashidhar Jagdishan won’t seek extension beyond his term that ends on October 26. “We will watch out if…
Several young Nigerians have accused operatives of a Joint Task Force (JTF) operating in Imo State of allegedly abducting, assaulting, and extorting them after stopping public and private vehicles, searching their mobile phones, and demanding access to their bank accounts. SaharaReporters gathered from multiple victims and sources familiar with the operations of the security personnel…
A 23-year-old Omaha, Nebraska man who used ChatGPT to plan a bank robbery has been sentenced to 121 months in federal prison after he robbed a bank at gunpoint and threatened two employees with death. Deron Lewis-Payne was sentenced on August 13, 2026, according to the United States Attorney’s Office for the District of Nebraska…
Ghana’s mineworkers have petitioned the central bank to release more than 380 million cedis ($34.55 million) in savings and severance packages that have been frozen since a sweeping financial sector clean-up nearly a decade ago. The Ghana Mine Workers’ Union delivered the petition to the Bank of Ghana on Thursday, demanding the return of funds…
A Nigerian national, Maazi Okechuku Augustine, has been denied bail and remanded in police custody in Ghana over his alleged involvement in a foiled bank robbery plot in Accra. Augustine was arraigned before the Accra Circuit Court, where he pleaded not guilty to eight charges, including conspiracy to commit robbery. Following his plea on Wednesday,…
Governors from across the country, First Ladies and other dignitaries will converge on Ogun State on Tuesday for the zonal launch of the National Community Food Bank Programme, featuring the distribution of food items to vulnerable and indigent residents of the state. The programme, which will commence at Makun, Sagamu, is expected to attract major…
The Economic and Financial Crimes Commission (EFCC) has directed First Bank Plc to place a Post-No-Debit restriction on the Osun State Government Statutory Allocation Account, effectively freezing the account barely 10 days before the August 15 governorship election in the state. The directive was contained in an official letter dated August 5, 2026, and addressed…
Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide. This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near…
