Author: Opalim Lifted

The Economic and Financial Crimes Commission (EFCC) has arraigned Osaretin Osagiede over an alleged N700 million fraud involving Best Start Micro Finance Bank. The Lagos Zonal Directorate 1 of the EFCC arraigned Osagiede on Friday, September 4, 2026, before Justice Olukayode Ogunjobi of the Lagos State High Court sitting in Ikeja. According to EFCC spokesperson Dele Oyewale, Osagiede is facing a three-count charge bordering on unauthorised access to computer material and receiving stolen property. One of the counts alleged that Osagiede and Zacharia Lorshe, who is still at large, bypassed the two-factor authentication (2FA) method on Ravenpay user accounts between…

Over the next two weeks, the initial public offering (IPO) is expected to dominate social media conversations and media coverage as the Dangote Petroleum Refinery prepares for its planned listing on the Nigerian Exchange (NGX), the country’s stock market. Dangote Group, the parent company of the refinery, confirmed on Friday that it has secured Securities and Exchange Commission (SEC) approval for the listing. The listing is projected to be the biggest IPO on the Nigerian stock market and lift the value of the bourse — which currently has a market capitalisation of N159.55 trillion — to over N200 trillion. With…

Aliko Dangote, Chief Executive Officer of Dangote Group, has disclosed that investors can subscribe to the proposed Dangote Petroleum Refinery and Petrochemicals FZE initial public offering (IPO) with a minimum of 10 ordinary shares worth N5,250. Dangote made the disclosure on Monday during a signing ceremony in Lagos. He said the proposed IPO comprises 4.1 billion ordinary shares, each with a nominal value of $0.000013, offered at N525 per share. “In this IPO, we intend to raise just a bit more than N2 trillion, which I’m sure is too small, at an offer price of N525 naira, with a minimum…

Former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has accused President Bola Tinubu’s administration of worsening the cost of living crisis in Nigeria. Atiku said the government’s economic policies had made petrol, food, transportation, fertiliser, cement and other basic necessities increasingly unaffordable for Nigerians. In a statement issued on Sunday by Phrank Shaibu, his senior special assistant on public communication, Atiku cited rising prices of fertiliser, petrol and cement as evidence of the economic pressure facing households and businesses. “Tinubu did not inherit this cost of living crisis from Nigerians. His policies created and deepened it,” Atiku…

The world population has reached a major demographic turning point, with people aged 65 and over now outnumbering children aged five and under globally for the first time in recorded history. The shift, recorded between 2020 and 2025, highlights the rapid ageing of the world’s population as fertility rates decline and people live longer. According to the US Census Bureau’s An Aging World: 2025 report, the global population aged 65 and over has surpassed the number of children aged five and under. The demographic change is expected to accelerate in the coming decades. The Census Bureau projects that the global…

Serial Guinness World Record-breaker David Rush has bested his own record for balancing toilet paper rolls on his head, keeping 254 rolls balanced for more than a minute, United Press International (UPI) reported on Thursday. Rush, who holds more than 200 Guinness World Records titles, initially set the Guinness World Records title for the most toilet paper rolls balanced on the head at 101 in 2021. He eventually lost the title but regained it in May 2025 by balancing 195 rolls on his head. Rush has now officially increased the record to 254 rolls following a successful attempt in October…

Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the recent volatility in petrol prices to rising logistics costs, crude oil sourcing challenges and reliance on single-source domestic refining. George Ene-Ita, NMDPRA head of public affairs, said petrol prices are fully deregulated and therefore respond to changes across the petroleum supply chain. Speaking in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday, Ene-Ita said factors affecting prices include crude oil procurement, refinery delivery timelines, imported petrol cargoes, transportation and applicable taxes. He said the time between sourcing crude offshore and delivering it to refineries,…

The prison release date of American rapper Sean John Combs, popularly known as Sean Diddy, has been moved up again, with the Federal Correctional Institution in Fort Dix, New Jersey, now listing February 5, 2028, as the date he is expected to leave prison. The latest change comes weeks after the rapper was released from solitary confinement following an altercation with another inmate at the facility. Sean Diddy’s release date has shifted several times in recent months. In July, Page Six confirmed with the Federal Bureau of Prisons that his release had been brought forward by one month, from February…

The Inspector-General of Police, IGP Olatunji Rilwan Disu, has promised to tackle the housing deficit confronting police personnel, particularly officers in the rank-and-file. Disu made the commitment during an inspection tour of police barracks and housing projects in Lagos State over the weekend, where he said the Nigeria Police Force would maximise funds available through the Police Mortgage Bank and the Federal Mortgage Bank of Nigeria to address the accommodation needs of its personnel. The IGP said the Force was already engaging strategic partners to unlock mortgage financing and other funding opportunities for the construction of affordable and decent homes…

Vice-President Kashim Shettima and former Vice-President Yemi Osinbajo are set to lead business, philanthropic, development finance and government leaders in a major push to unlock Africa’s estimated $1.2 trillion forest economy by 2050. The high-level meeting, scheduled to hold in Lagos on Tuesday, is being organised by the African Forest Forum (AFF) in collaboration with the Sustainable Forest Management Champions for Africa Initiative. The roundtable will focus on mobilising long-term private and philanthropic capital to support sustainable management and economic development of Africa’s forests. Shettima is expected to open the meeting, while Osinbajo, who chairs the Sustainable Forest Management Champions…