Author: News Room

Nigeria’s hard-won progress on financial transparency is facing a fresh threat as thousands of inactive companies on the platform of the Corporate Affairs Commission (CAC) continue to operate bank accounts without restrictions, potentially undermining reforms that helped the country exit the global anti-money laundering grey list. Findings by PREMIUM TIMES show that despite regulatory red flags, many of these entities remain fully active within the financial system, raising concerns about weak enforcement, regulatory disconnect, and the possibility that shell companies are being used for corruption, terrorism financing, procurement fraud, and illicit financial flows. Official CAC data obtained by PREMIUM TIMES…

The Nigerian Navy has dismantled an illegally reconstructed refining cluster, along the Rivers–Bayelsa border, recovering about 8,500 litres of suspected petroleum products. The Director of Naval Information, Navy Capt. Abiodun Folorunsho, made this known in a statement on Sunday in Abuja. Folorunsho said that the operation was carried out by personnel of Nigerian Navy Ship (NNS) SOROH under Operation DELTA SENTINEL. “This crackdown followed a credible intelligence on illegal refining around Egboama/Ogbogolo community in Ahoada West Local Government Area of Rivers State,” he said. He said that the operation involved coordinated land and water insertion, supported by aerial surveillance to locate the…

The All Progressives Congress has announced the winners and the losers of its just-concluded national assembly primaries in Ondo State.  This was disclosed in a viral result document signed by Iboroma Dabibi, chairman of the Ondo APC 2026 National Assembly primaries election committee.  According to the document, five incumbent lawmakers from the state failed to secure an APC return ticket.  The results showed that only three incumbent lawmakers, including Ifeolowa Ehindero, Abiola Makinde, and Adeferati Gboyega, secured their return ticket in APC ahead of the 2027 general elections. The committee declared that Ifeolowa Ehindero, Abiola Makinde, Damamola Olumuyima, Omowunmi Olatunji,…

Details of the students and teachers kidnapped recently in Oyo State have been released. DAILY POST recalls that an unspecified number of students and teachers were kidnapped in the early hours of Friday.  The victims were abducted at Ahoro-Esinele and other neighboring communities in Oriire local government area of Oyo State.  The incident has been confirmed by the State Police command.  The communities, in a statement obtained by DAILY POST Sunday evening, disclosed that 39 students and seven teachers were abducted.  It was also disclosed that four motorcycles were hijacked by the kidnappers.  Names, designation of teachers Mrs Alamu Folawe- Principal, Community High…

Manchester United have extended their unbeaten home record after beating Nottingham Forest 3-2 in the Premier League on Sunday. According to OptaJoe, Man United are now unbeaten in each of their last 400 home league games in which they have led at half-time (365 wins and 35 draws), a run which began in August 1984. Recall that goals from Luke Shaw, Matheus Cunha and Bryan Mbeumo gave the Red Devils the victory against the visitors at Old Trafford. The result of the encounter means United sits in third position with 68 points from 37 games. Michael Carrick’s side will now face…

A former Speaker of the Abia State House of Assembly and Abia Central Senatorial aspirant on the platform of the All Progressives Congress, Rt. Hon. Christopher Enweremadu, has announced his decision to step down from the senatorial contest scheduled to hold on Monday, May 18, in support of Chief Emeka Atuma. Enweremadu, who is the leader of the Isialangwa North Equity Movement, also declared his support for the re-election bid of President Bola Tinubu ahead of the 2027 general elections. The endorsement was made public during an expanded stakeholders’ meeting of the movement held on Sunday in Isialangwa North Local…

A pedestrian has lost his life after being knocked down by a Toyota Coaster bus at Imowo, along the Imowo-Ibadan Road inward Ijebu Ode in Ogun State. PUNCH Metro gathered on Monday from the spokesperson for the Ogun State Traffic Compliance and Enforcement Agency, Babatunde Akinbiyi, that the fatal accident occurred at about 4:45 pm on Sunday and caused serious traffic congestion along the route due to the obstruction caused by the bus. He noted that TRACE operatives and police officers from the Obalende Division were immediately deployed to the scene to manage traffic and rescue operations. According to him,…

Two leading aspirants of the All Progressives Congress in Kebbi State, Senator Bala Ibn Na’Allah and Sani M. Kabiru, have stepped down from the party’s senatorial primary elections slated for May 18, 2026. Na’Allah, a former representative of Kebbi South Senatorial District, announced his withdrawal in a letter dated May 17 and addressed to the APC state chairman in Birnin Kebbi. Explaining his decision, Na’Allah said, “After careful consultations and credible information available to me regarding the disposition of the party toward the forthcoming primary election, I have decided to withdraw from the contest.” He added that despite his years…

At the 2026 Africa Forward Summit, convened by Kenyan President William Ruto and French President Emmanuel Macron, the Founder and Group Chair of Heirs Holdings, Tony Elumelu, called for a shift in Africa’s global partnerships, stressing that the continent seeks engagement based on equality and economic substance rather than dependency. Elumelu told heads of state, investors, and global business leaders that Africa is open to partnership, but on terms that prioritise shared value and African-led solutions, according to a statement from his firm. “We welcome true partnership — partnerships of substance and based on equity — where Africans and African…

Bologna are monitoring Nigerian forward Gift Orban as they explore potential attacking reinforcements ahead of the next transfer window, with the striker viewed as a more affordable option compared to other targets under consideration, PUNCH Sports Extra reports. According to Transferfeed, the Serie A club are keeping close tabs on the 23-year-old, who is currently on loan at Hellas Verona from German side TSG 1899 Hoffenheim, and is expected to return to his parent club at the end of the season. “Bologna is monitoring Gift Orban as a more accessible option for their attack, while the club is also evaluating…