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AMCON’s Debt Recovery Efforts and Arik Air’s Counterclaims Amid Receivership Dispute

The Asset Management Corporation of Nigeria (AMCON) is actively pursuing the recovery of a substantial debt totaling over ₦455 billion owed by Arik Air and its affiliated companies. AMCON asserts…

AyobamiBlog March 16, 2025

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EFCC arrests 28 alleged ponzi scheme operators in Minna, plans fraud arraignment

The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate, have disclosed the arrest of 28 alleged ponzi scheme operators in Minna, Niger State. According to the EFCC statement on…

AyobamiBlog March 11, 2025

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Power Outage Hits Lagos as Transmission Fault Triggers Load Shedding

On March 10, 2025, Lagos experienced significant power disruptions due to a fault in the transmission infrastructure managed by the Transmission Company of Nigeria (TCN). This issue led to reduced…

AyobamiBlog March 10, 2025

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Abdul Aziz Khan, Who Was Kidnapped in 2017, Found Alive 7 Years Later

A family has been reunited after seven years of searching. Abdul Aziz Khan, who was abducted by his mother Rabia Khalid, his non-custodial parent, in Atlanta, Georgia, in 2017, was…

AyobamiBlog March 6, 2025

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MTN, Airtel drive telecom growth as subscriptions hit 169.3 million

Nigeria’s telecommunications sector experienced significant growth in January 2025, with active mobile subscriptions increasing to 169.3 million, up from 164.9 million in December 2024. The growth was driven by the…

AyobamiBlog March 5, 2025

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Nigerians Benefit from Fuel Price War Between NNPC and Dangote Refinery

A competitive fuel price war has emerged between the Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery, leading to reduced petrol prices for consumers across Nigeria. NNPC recently…

AyobamiBlog March 4, 2025

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Align with global standards in tackling illicit funds – CBN to banks

Central Bank of Nigeria (CBN) has called on financial institutions to strengthen their compliance frameworks and align with global banking standards to combat illicit financial flows and maintain the integrity…

AyobamiBlog March 3, 2025

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Trump Administration Orders Mass Layoff of 1,600 USAID Employees in the U.S.

The Trump administration has announced a significant reduction in the workforce of the U.S. Agency for International Development (USAID), initiating the termination of approximately 1,600 U.S.-based employees. This move is…

AyobamiBlog February 24, 2025

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FG and Olam Agri Discuss Strategic Investments to Enhance Nigeria’s Agribusiness Sector

Olam Agri, a prominent agribusiness company, has engaged in discussions with the Federal Government to explore strategic investments aimed at boosting Nigeria’s agricultural sector. In a recent meeting with the…

AyobamiBlog February 24, 2025

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Billionaire Aliko Dangote Reflects on $23 Billion Refinery Project: “The Biggest Risk of My Life”

Africa’s richest man, Aliko Dangote, has opened up about the monumental challenges and risks he faced during the construction of the Dangote Refinery, a project that has significantly transformed Nigeria’s…

AyobamiBlog February 18, 2025