Author: Shola

In a decisive move to tackle Nigeria’s long-standing electricity challenges, the Babajide Sanwo-Olu-led Lagos State Government has signed new Power Purchase Agreements (PPAs) with three independent power producers to significantly increase power supply across the state. The agreements, signed at Lagos House, Marina, are aimed at scaling embedded generation capacity from the current 60 megawatts (MW) to between 200MW and 400MW within the next two to three years—marking a major leap toward energy stability in Lagos, Africa’s most populous city. The Commissioner for Energy and Mineral Resources, Abiodun Ogunleye, signed on behalf of the state government. The partner companies include…

Millions of households in Nigeria could soon face another increase in bread prices, as global wheat costs climb to their highest level in two years. The price surge, linked to market movements in the United States—a major global wheat supplier—is already sending ripple effects across international food markets. For Nigeria, which depends heavily on imported wheat, the impact could be swift and significant. Industry players warn that flour millers and bakers may soon be forced to adjust prices to cope with rising input costs. Wheat remains the primary ingredient in bread production, and any increase at the global level directly…

Bank customers across Nigeria are reacting to a new directive from the Central Bank of Nigeria (CBN) increasing the cost of ATM card issuance and replacement by 50 percent. Under the revised policy, the fee has risen from ₦1,000 to ₦1,500, meaning customers will now pay more to obtain a new debit or credit card or replace a lost, expired, or damaged one. The development is already generating conversation online, with many Nigerians expressing concern over the growing number of banking charges at a time when economic pressures remain high. While the CBN has not detailed all the factors behind…

A powerful sermon by David Oyedepo is making waves across Nigeria, after the renowned cleric delivered a bold message addressing the country’s growing kidnapping crisis. Speaking during a service at Canaanland, the headquarters of Living Faith Church Worldwide (Winners’ Chapel), Oyedepo shared dramatic testimonies of alleged supernatural interventions involving kidnapped church members—stories that have quickly gone viral online. In one striking account, the bishop said he instructed that his personal phone number be handed directly to kidnappers who had abducted one of his pastors, issuing a 24-hour ultimatum for the victim’s release. According to him, the situation took a sudden…

A disturbing video circulating online has triggered widespread outrage across Nigeria, after an elderly man was allegedly caught attempting to lure a 13-year-old girl into his room under the pretense of buying cocoyam. The incident, which reportedly occurred in a residential area, was captured by a vigilant resident who became suspicious of the interaction. Filming discreetly through a window, the individual recorded the elderly man engaging the minor in conversation and allegedly trying to persuade her to enter his residence. According to the footage now trending on social media, the man appeared to be negotiating a purchase while repeatedly encouraging…

Nigerian Afrobeats star Zinoleesky is trending across social media after officially announcing his exit from Marlian Music—a move that signals a major turning point in his career. After years under the label founded by Naira Marley, the 26-year-old singer has now stepped into full independence with the launch of his own imprint, Zinodict Music. The announcement came alongside the release of his new single, Nostalgia, which dropped on April 23, 2026. The track, already gaining traction, introduces a more reflective and emotional side of the artist, paired with retro-inspired visuals that hint at a new creative direction. Within hours of…

Public school teachers in Nigeria’s Federal Capital Territory (FCT) have announced plans to embark on an indefinite strike beginning Monday, raising concerns over a looming shutdown of academic activities across Abuja. The decision, taken by the Nigeria Union of Teachers in the FCT, follows what the union described as prolonged neglect of teachers’ welfare and unresolved issues with authorities. According to union officials, the strike action will affect all public primary and secondary schools in the territory, leaving thousands of students stranded if no last-minute agreement is reached. The teachers are reportedly demanding the payment of outstanding salaries, improved working…

In what is being described as a major breakthrough against rising insecurity, Nigerian security operatives have successfully rescued all remaining passengers abducted from a Benue Links commercial bus earlier this week. The final 13 victims were freed during a coordinated operation led by the Benue State Police Command, working alongside other security agencies. The mission targeted suspected criminal hideouts within the Amla Forest and nearby communities across Okpokwu and Otukpo Local Government Areas. Police authorities confirmed that the rescued passengers are now safe and receiving medical attention. While some sustained minor injuries during their captivity, officials say they are in…

A growing number of failed startups are turning their internal workplace communications into a lucrative final asset, quietly selling years of Slack messages, emails, and project records to artificial intelligence firms for as much as $100,000. The emerging trend underscores the intensifying global demand for real-world data to train advanced AI systems, with transactions being facilitated by SimpleClosure, a company that helps startups shut down operations and recover value from remaining assets. In the past year alone, SimpleClosure has reportedly handled nearly 100 such deals, connecting defunct companies with AI labs seeking authentic workplace data. These archives often include unfiltered…

Zenith Bank Plc has officially entered the record books as the first Nigerian financial institution to surpass the ₦5 trillion market capitalisation mark. This historic milestone cements the bank’s position as the nation’s most valuable banking group and underscores a period of extraordinary growth for the lender. The achievement follows a rapid rally on the Nigerian Exchange Limited (NGX), where the bank’s share price surged to ₦127, pushing its total market valuation beyond the ₦5.2 trillion threshold. This impressive market performance is underpinned by strong 2025 financial results, which saw the bank affirm its status as Nigeria’s most profitable lender…