IMF Warns of Tough Economic Times Ahead for Nigerians Amid Rising Inflation and Fiscal Pressures

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The International Monetary Fund has issued a stark warning about Nigeria’s economic outlook, cautioning that citizens may face more difficult times as the country grapples with persistent inflation, currency instability, and fiscal challenges. In its latest assessment of Nigeria’s economy, the IMF noted that while recent reforms by the Federal Government of Nigeria—including fuel subsidy removal and foreign exchange liberalisation—are steps in the right direction, they are likely to intensify short-term hardship for millions of Nigerians. The global financial institution highlighted rising food prices, high transportation costs, and weakened purchasing…

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UK-Based Nigerian Businessman Launches GAAFURA Foundation, Empowers Widows, Youths in Lagos

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A United Kingdom-based Nigerian businessman, Ahmed Karim Oshodi, has launched the GAAFURA Foundation to support less privileged members of society, with a focus on widows, orphans and young people in Lagos. Oshodi, who recently visited Nigeria, marked the foundation’s debut with the distribution of food items and clothing to widows and orphans in Surulere, Lagos, as part of efforts to alleviate hardship among vulnerable groups. In addition to the humanitarian outreach, the philanthropist extended support to grassroots sports development by donating sports kits and jerseys to aspiring footballers within his…

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Fidelity Bank Extends “Give Her Power” Initiative to Ogun State, Empowers 100 Women with Vocational Tools

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In a bold demonstration of its commitment to inclusive growth and sustainable development, leading financial institution, Fidelity Bank Plc has extended its recently launched “Give Her Power” initiative to Ogun State, empowering 100 women with vocational tools designed to strengthen their economic independence and boost household income. The outreach is part of the Bank’s nationwide rollout of the initiative, which was unveiled earlier in March during the signing of strategic Memoranda of Understanding (MoUs) with partner organisations to commemorate the 2026 International Women’s Day. The event, which held at the…

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Polaris Bank celebrates 58 New Hires from its flagship PGIT, PTIP as CEO charge them to Keep Learning, Keep Evolving

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Polaris Bank has graduated 58 exceptional new hires from its flagship Polaris Graduate Intensive Training (PGIT) and Polaris Tech Ignite Programme (PTIP), reinforcing its commitment to building world-class talent in Nigeria. The ceremony, attended by senior leadership and invited guests, celebrated a highly selective cohort drawn from over 10,000 applicants – placing them among the top 0.58% who successfully made the cut. The milestone underscores the bank’s rigorous standards in identifying and grooming future leaders. Addressing the graduates, Managing Director/CEO, Mr. Kayode Lawal, delivered a compelling charge centered on continuous…

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Filmmaker Alleges Death Threat from Alaafin, Postpones Ibadan Screening of ‘Throne of Alaafin Oyo’

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Award-winning filmmaker Ayankola Ayanwuyi has postponed the Ibadan screening of his highly anticipated documentary, The Throne of Alaafin Oyo, citing serious security concerns following an alleged death threat. Ayanwuyi, who also serves as Executive Director of the Dundun Centre, disclosed the development via his X (formerly Twitter) handle on Tuesday. He alleged that the Alaafin of Oyo, Oba Akeem Abimbola Owoade I, threatened his life over the production of the film. “Alaafin himself threatened he would kill me and nothing will happen because I made a film promoting the throne…

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NDLEA Arrests 93-Year-Old Man, 69-Year-Old Doctor in Major Cocaine, Skunk Trafficking Crackdown

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A 93-year-old great-grandfather and a 69-year-old medical doctor have been arrested in a sweeping crackdown on drug trafficking networks by operatives of the National Drug Law Enforcement Agency (NDLEA). The arrests were part of intensified intelligence-led operations targeting drug cartels and their collaborators across Nigeria. In Abia State, NDLEA operatives apprehended Pa Friday Ahukanna Chigbu, a nonagenarian, at his residence in Umuagbaigba, Amavo Nkwogu village, Osisioma Local Government Area, on Tuesday, April 7, 2026. A search of his home led to the recovery of 7.7 kilograms of skunk, a potent…

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Fidelity Bank Takes Lead in Banking Recapitalisation Drive

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As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026, most banks operating in the country rose to the challenge and met the requirement ahead of time. However, Fidelity Bank’s proactive approach paid off, and it continued to demonstrate its commitment to growth and innovation. In a remarkable display of investor confidence, Fidelity Bank opened and concluded a private placement in just one day on December 31, 2025. Leading institutions, including AFREXIM Bank and its subsidiaries, invested in the bank, showcasing their faith in…

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Gunmen Abduct Sapele LG Chairman in Hotel

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Tension has engulfed Sapele and surrounding communities in Delta State following the abduction of the Chairman of Sapele Local Government Area, Bright Abeke, by suspected gunmen. The council boss was reportedly kidnapped around 7 p.m. on Friday when heavily armed assailants stormed a hotel along Owumi Road in a daring and coordinated attack that triggered panic among residents and guests. Eyewitnesses said about 15 gunmen arrived in a Range Rover SUV accompanied by two other vehicles. The attackers allegedly fired sporadically into the air to disperse people before seizing the…

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Beware: There’s a WhatsApp scam going around

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Scammers are currently impersonating Aigboje Aig-Imoukhuede, the Chairman of Access Holdings Plc, to trick people into fake investment schemes. They’ve created a WhatsApp group called *“Value Focus Club 60”* using this number: *+234 915 708 8290*, and even used his picture to make it look real. *Important things to know*: • The Chairman is NOT on WhatsApp running any investment group • Access Holdings does NOT offer investment advice via WhatsApp • Any message claiming otherwise is 100% fake A whistleblower actually spotted this and raised the alarm, so please…

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Missing 42-Year-Old Married Woman Found with Man in Ondo Hotel

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A 42-year-old married woman, Mrs. Tilewa Olatunde Funke, who was declared missing on April 3, 2026, has been located by security operatives in a hotel room in the Ugbe-Akoko area of Ondo State. Mrs. Funke, who resides in Ilara-Mokin, was found in the company of a 55-year-old man identified as Isa Alaba, ending a frantic search that lasted several days. The alarm was first raised when Mrs. Funke left her home for Akure at approximately 10:00 a.m. last Friday. When her phone remained switched off and she failed to return,…

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