THE Olubadan of Ibadanland, Oba Rashidi Ladoja, has said that the time for Nigerians to jointly fight terrorism to a standstill and placate the aggrieved has come following a military action threat by US President Donald Trump. Oba Ladoja stated this while receiving the President of the Pentecostal Fellowship of Nigeria (PFN), Bishop Francis Wale Oke, at the Olubadan Palace, Oke Aremo, Ibadan, over the weekend. In a statement sent to News Point Nigeria by Adeola Oloko, the media aide to the Olubadan of Ibadanland, Oba Ladoja, the monarch noted that it has been over a decade, specifically, since the…
Author: Gbenga Mukhtar
Read More
NIGERIA’s stock market suffered a severe setback during the first week of November, with equities shedding a staggering N2.8 trillion in market value as heightened geopolitical tension rattled investor confidence. News Point Nigeria reports that the sustained market downturn followed United States President Donald Trump’s escalating threats of a possible military operation in Nigeria, over what he described as government inaction on alleged religious persecution. The U.S. leader, who last week designated Nigeria as a “Country of Particular Concern,” warned that Washington would cut off all aid and might intervene militarily, if the Nigerian government failed to address alleged killings…
NIGERIA’s reliance on foreign food supplies continues to surge despite government-backed agricultural initiatives, as the country spent a staggering $2.39 billion on food imports between April 2024 and March 2025. News Point Nigeria reports that this represents an 11.6% increase from the $2.14 billion recorded in the preceding year, according to a fresh breakdown of the Central Bank of Nigeria’s sectoral foreign exchange allocation obtained on Friday. The rise in import dependence comes at a time when Nigeria is battling severe food insecurity — with the cost of basic staples soaring and millions of families struggling to access adequate nutrition.…
THE Federal Executive Council has approved over N43 billion for the completion of Phase II, Section II of the Lagos–Ibadan Expressway. News Point Nigeria reports that Briefing journalists after Thursday’s meeting at the State House, Abuja, the Minister of Works, Dave Umahi, said the new approval is part of several fresh and revised contracts across the country to accelerate the pace of critical road projects. Umahi also provided updates on the East–West Road, which the President Bola Tinubu administration inherited at N156 billion, covering two carriageways, three flyovers and two bridges. According to Umahi, the project has been restructured to…
A VIOLENT mob has lynched the Chief Imam of Sokupkpan community in Edu Local Government Area of Kwara State, after accusing him of causing the death of a resident through witchcraft. News Point Nigeria reports that the victim, identified as Mallam Abdullahi Audu, was reportedly beaten to death on Wednesday by irate youths who claimed he was spiritually responsible for the death of 25-year-old Ibrahim Gana, a member of the same community. The tragic incident threw Sokupkpan into chaos, as fear and confusion spread among residents. Sources told this newspaper that prior to his death, Gana had been battling an…
THE Federal High Court in Abuja has dismissed the ₦100 billion lawsuit filed by Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (FZE) against the Nigerian National Petroleum Company Limited (NNPCL) and several major oil marketers over the issuance of petroleum import licences. News Point Nigeria reports that Justice Mohammed Umar struck out the case on Wednesday after counsel to Dangote Refinery, C.O. Adegbe, informed the court of the company’s decision to withdraw the suit. The judge ruled that since pleadings had already been exchanged and trial was set to commence, the proper order was dismissal but without costs. “The…
THE Lagos State Commissioner of Police, Olohundare Jimoh, has reaffirmed that his declaration of activist Omoyele Sowore as wanted remains in effect, vowing that the police will take all lawful steps to arrest him. Jimoh had on Monday declared Sowore wanted for allegedly “causing a disturbance of public peace and acts to commit a serious felony by planning to obstruct traffic on the Third Mainland Bridge.” Speaking on Channels Television’s Sunrise Daily on Wednesday monitored by News Point Nigeria, the Police Commissioner said Sowore had yet to report to the police since the declaration and reiterated his commitment to pursuing…
THE Nigerian National Petroleum Company Limited (NNPC Ltd.) has unveiled plans to increase its equity holding in the $20bn Dangote Petroleum Refinery, aiming to secure a total 20 per cent stake as part of its broader strategy to strengthen domestic refining capacity and reduce dependence on imported fuel. News Point Nigeria reports that the Group Chief Executive Officer of NNPC Ltd., Bayo Ojulari, confirmed the development during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025 on Tuesday. He noted that the equity upgrade reflects the company’s long-term ambition to deepen Nigerian participation in the…
THE Oyo State High Court sitting in Ibadan has cleared the Peoples Democratic Party (PDP) to proceed with its scheduled elective National Convention on November 15 and 16, 2025. News Point Nigeria reports that in a ruling delivered by Justice A. L. Akintola, the court granted an interim order allowing the party to hold the convention as planned in Ibadan, Oyo State. The court also directed the Independent National Electoral Commission (INEC) to attend, monitor, and observe the exercise pending the hearing and determination of the substantive motion on notice. The ruling followed an ex-parte application filed by Folahan Adelabi…
THE National Drug Law Enforcement Agency (NDLEA) have uncovered a secret laboratory used for producing colorado, a potent synthetic strain of cannabis, inside a residential building at Ajao Estate in the Isolo area of Lagos State. NDLEA Director of Media and Advocacy, Femi Babafemi, disclosed this in a statement sent to News Point Nigeria on Sunday. He said the owner of the laboratory, 30-year-old Stephen Imoh, was arrested during a raid following months of surveillance and intelligence gathering on the local production of the psychoactive substance. According to Babafemi, the breakthrough was recorded after operatives intercepted multiple consignments of Colorado…
THE World Bank has fixed December 16 as a tentative approval date for a fresh $1bn Development Policy Financing loan to the country under a new initiative tagged “Nigeria Actions for Investment and Jobs Acceleration (P512892).” According to a project document published by the bank on October 27 sighted by News Point Nigeria, the new facility comprises a $500m International Development Association credit and a $500m International Bank for Reconstruction and Development loan. The facility, which falls under the bannk’s Macroeconomics, Trade and Investment practice area for the Western and Central Africa region, is designed to strengthen ongoing economic reforms,…
THE United States Government has defended its decision to revoke the visa of Nobel laureate, Prof. Wole Soyinka, insisting that visas issued by the country are a privilege granted at the discretion of the U.S. authorities—not an entitlement. The U.S. Consulate General in Lagos made the clarification on Thursday in an emailed response to an inquiry by this newspaper regarding Soyinka’s shocking disclosure that his B1/B2 visa had been revoked. The award-winning literary icon, in a media parley held Tuesday at Freedom Park, Lagos, announced that his travel approval to the United States was withdrawn without prior warning, adding that…
THE Federal High Court in Lagos has fixed January 27, 2026, for further hearing in the $42.48m, fraud case filed against a Briton, two Indian nationals, and their companies over alleged defrauding of Ecobank Nigeria Limited. News Point Nigeria reports that the defendants, who are Marcus Wade, a British national and chairman of Wilben Trade Limited; Prem Garg and Devashish Garg, both Indian nationals, are being prosecuted alongside their firms, Wilben Trade Limited (Dubai) and Agrico Agbe Limited (Nigeria). The case, instituted by the Office of the Attorney-General of the Federation, alleged that the defendants conspired to defraud Ecobank under…
NOBEL laureate, Professor Wole Soyinka, has revealed that the United States government has revoked his visa, effectively preventing him from entering the country until further notice. News Point Nigeria reports that the literary icon disclosed this on Tuesday during a media parley at Kongi’s Harvest Gallery, Freedom Park, Lagos Island, where he expressed surprise and confusion over the development. Soyinka told journalists that he felt compelled to address the issue publicly because he had several upcoming engagements in the United States, and attendees needed to be aware of his inability to travel. “It is necessary for me to hold this…
FORMER Governor of Ekiti State and former Minister of Solid Minerals Development, Dr. Kayode Fayemi, has accused former President Goodluck Jonathan of lacking the political will to remove Nigeria’s long-standing fuel subsidy during his administration, despite enjoying the backing of key stakeholders including state governors at the time. News Point Nigeria reports that Fayemi made the remarks on Tuesday in Abuja while speaking at the Oxford Global Think Tank Leadership Conference, where he examined the country’s economic trajectory, leadership values, and the boldness required to implement tough policy decisions. Addressing the 2012 Occupy Nigeria protests that greeted Jonathan’s attempted subsidy…
AN undisclosed number of persons were reportedly trapped after a building collapsed in Lagos in the wee hours of Monday. This was disclosed in the situation report released by the Director of the Lagos State Fire and Rescue Service, Margaret Adeseye sighted by News Point Nigeria. The affected building has been identified as a two-storey building located at 54 Cole Street, near Cemetery Bus Stop in the Oyingbo area of Lagos. Adeseye, who confirmed the incident, said the Sari-Iganmu Fire Station team was immediately dispatched to the scene after receiving a distress call at about 12:20am on Monday. The agency…
MINISTER of Aviation and Aerospace Development, Festus Keyamo, has proposed the adoption of a law mandating government officials to patronise Nigerian airlines on international routes. News Point Nigeria reports that Keyamo made the proposal on Sunday during the ceremonial send-off of Air Peace’s inaugural direct flight from Abuja to London Heathrow Airport. The event, held at the Nnamdi Azikiwe International Airport, Abuja, was attended by the Deputy Speaker of the House of Representatives, Benjamin Kalu, and Air Peace Chairman, Allen Onyema. At the occasion, the minister said the Federal Government would soon introduce a bill tagged the Fly Nigerian Act.…
LAGOS socialite, Mike Eze Nwalie Nwogu, alias Pretty Mike, has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) during a raid on a nightclub in the Victoria Island area of the state. NDLEA spokesman, Femi Babafemi, disclosed this in a statement on Sunday sent to News Point Nigeria, saying over 100 suspects were arrested when the drug party was going on. Babafemi claimed that cartons of banned substances, including Loud and laughing gas, were recovered from the venue during the operation conducted in the early hours of Sunday, October 26, 2025. According to him, NDLEA operatives…
HUMAN rights activist and #FreeNnamdiKanuNow campaigner, Omoyele Sowore, has been re-arrested by the Nigerian Police shortly after his court appearance at the Kuje Magistrate Court on Friday. News Point Nigeria reports that Sowore, alongside Nnamdi Kanu’s brother, Prince Emmanuel Kanu, a former member of Kanu’s legal team, and ten others, had earlier met their bail conditions. The court granted them bail in the sum of ₦500,000 each, with two sureties residing in the Federal Capital Territory and possessing valid identification and three years of tax clearance. Despite fulfilling the bail conditions, only Sowore was reportedly picked up and whisked away…
THE Independent National Electoral Commission (INEC) has released new figures showing that four states — Abia, Edo, Ebonyi, and Ondo are lagging behind in the ongoing Continuous Voter Registration (CVR) exercise ahead of the 2027 general elections. The online and physical voter registration, which began nine weeks ago, is part of INEC’s nationwide effort to update the voter register, capture first-time voters, and allow those who have changed locations to transfer their polling units. According to the latest data published on the Commission’s dedicated CVR portal sighted by News Point Nigeria, participation across the six geopolitical zones has been uneven,…