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  • NDLEA Nabs Iran-Bound Woman Concealing Cocaine in Her Privates, Bag

    NDLEA Nabs Iran-Bound Woman Concealing Cocaine in Her Privates, Bag

    The National Drug Law Enforcement Agency (NDLEA) says its operatives have thwarted what it described as a desperate attempt by a woman, Ihensekhien Miracle Obehi, to export large consignments of cocaine concealed in her private part, stomach and false bottom of her handbag to Iran at the Port Harcourt International Airport in Rivers State.

    This was disclosed by the NDLEA spokesperson, Femi Babafemi, in a statement made available to Channels Television on Sunday.

    Babafemi said that Obehi, who was dressed in hijab to beat security checks, was intercepted at the departure hall of the Port Harcourt airport on Sunday May 3, 2025, while trying to board a Qatar Airline flight to Iran via Doha following credible intelligence.

    He disclosed that during a search on Obehi, she was found to have inserted three wraps of cocaine in her private part, and two large parcels hidden in false compartments of her handbag while she swallowed 67 pellets of the Class A drug.

    As a result, she was said to have been placed under excretion observation and after four excretions that lasted days, she expelled the 67 wraps of the substance in her stomach.

    According to Babafemi, Obehi claimed she was to swallow 70 pellets of cocaine but after ingesting 67 pieces she could no longer swallow the remaining three and decided to insert them into her private part.

    The total weight of the three consignments hidden in different parts of her body comes to 2.523 kilograms, according to the NDLEA.

    In a related operation, NDLEA said its operatives at the Murtala Mohammed International Airport, Ikeja, Lagos on Friday 9th May intercepted a 22-year-old British national, Campell Kaizra Kofi Johannes Slifer coming from Thailand through Doha on Qatar Airways flight with two suitcases loaded with 35 parcels of Loud, a strong strain of cannabis weighing 37.60kg.

    Campell, who claimed he had twice been convicted in the UK for drug trafficking and robbery, said he was recruited in London to travel to Thailand to pick the illicit consignment and bring the same to Nigeria, the NDLE said.

    In Niger state, NDLEA disclosed that its officers acting on intelligence on Wednesday 7th May intercepted a fuel truck marked ABJ 693 XU and three other vehicles loaded with 246 bags of skunk, a strain of cannabis with a combined weight of 3, 047 kilograms along Suleja-Kaduna road.

    It added that four suspects arrested with the exhibits include: Christopher Onyema, 47; Benedict Etineruba Young, 54; Chukwudi Ujue Jerry, 30; and Mohammed Abdullahi Danasabe.

    Apart from the fuel truck, three other vehicles recovered from the suspects include: Honda Odyssey bus marked YAB 667 CZ; Gulf bus with registration number GWA 125 TQ and
    Honda Odyssey bus marked ABJ 230 CN.

  • Pope Leo calls for Ukraine peace and Gaza ceasefire in first Sunday address

    Pope Leo calls for Ukraine peace and Gaza ceasefire in first Sunday address

    Pope Leo XIV has appealed for “no more war” in his first Sunday message to crowds in St Peter’s Square since his election as pontiff.

    The new pope called for an “authentic and lasting peace” in Ukraine and a ceasefire in Gaza and release of all Israeli hostages.

    Recalling the end of the Second World War, Leo quoted his predecessor Pope Francis as he denounced the number of ongoing conflicts as “a third world in pieces”.

    Pope Leo appears at the central balcony of St Peter's Basilica. Pic: AP

    It is the first time the Pope has returned to the loggia, the central balcony of St Peter’s Basilica, since he first appeared to the world following his election on Thursday.

    The crowd, which included marching bands in The Vatican for a special Jubilee weekend, erupted in cheers and music as the bells tolled.

    Leo, who is the first American pope, also wished all mothers, “including those in heaven” a Happy Mother’s Day, with the US among many countries celebrating the occasion on Sunday.

    The leader of the world’s 1.4 billion Catholics earlier celebrated a private mass near the tomb of St Peter, the apostle who is considered the be the first pope, with the head of his Augustinian order.

    The tomb, in the grottoes underneath St Peter’s Basilica, also contains the tombs of past popes, including Pope Benedict XVI.

    On Saturday, Leo made a surprise stop to pray at the tomb of his predecessor Pope Francis at St Mary Major Basilica on his first outing since his election.

    The 69-year-old had earlier held his first formal audience and said the Catholic Church must take the lead in facing threats to workers, such as AI.

    He told the cardinals who elected him the technology posed “new challenges for the defence of human dignity, justice and labour”. Sky News

  • Otti to build another gov’t house, convert one built by Ikpeazu to five-star hotel

    Otti to build another gov’t house, convert one built by Ikpeazu to five-star hotel

    The Abia State Government has announced plans to convert the newly constructed Government House, built by the immediate past Governor, Okezie Ikpeazu, into a five-star hotel.

    The decision was made public by the Commissioner for Information, Prince Okey Kanu, following a tour of the three-storey complex. Kanu described the structure as “uninhabitable and a security risk”, accusing the former administration of erecting what he called “an uninhabitable structure in the name of a Government House,” which was hastily inaugurated 24 hours before Ikpeazu left office.

    Kanu argued that the complex was never intended for residential use, emphasizing its lack of essential facilities.

    “This place appears uninhabitable. There are no wardrobes anywhere. Most of what we saw were just halls—empty halls,” he stated during the tour with journalists.

    The Commissioner questioned the logic behind the design, expressing disbelief that the structure was expected to serve as a Government House.

    “One begins to wonder what the designers had in mind when they put up this so-called Government House and expected a Governor to live in it,” Kanu remarked.

    Kanu highlighted that only the first floor of the building appeared to be completed, with the remaining floors unfinished and the elevator not installed. He expressed concerns over the safety hazards, pointing out that “if anybody missteps there, you can fall through the place to your death.”

    He accused the Ikpeazu administration of rushing the project to create a facade of accomplishment, despite its incomplete and unsafe state.

    “You can see a lot of the places were not plastered… The whole place looks dangerous,” Kanu stressed.

    The Commissioner revealed that Governor Alex Otti has directed that a new Government House be constructed at the old Government House site. He also dismissed claims by the past administration that the old Government House was a rented property, stating that it was duly acquired by the state government.

    “Those who were in office before now were busy paying themselves rent from government coffers, deceiving the public that they were paying rent for a Government House,” Kanu alleged.

    The Ogurube Layout complex—initially intended as a Government House—will be transformed into a five-star hotel under Otti’s directive. Kanu noted that Governor Otti, known for his prudent management of resources, would not allow waste, insisting that the transformation would benefit the state economically.

    He concluded by urging Abians to disregard opposition criticisms and continue to support the current administration’s vision for progress. Vanguard

  • Lagos gov’t vows action on unjust rent hikes by Landlords

    Lagos gov’t vows action on unjust rent hikes by Landlords

    The Lagos State Government has strongly criticised landlords and property agents who are exploiting residents by imposing unjustifiable increases in house rents.

    The government has pledged to take action to protect tenants from these exploitative practices.

    The Special Adviser (Housing) to the Lagos State Real Estate Regulatory Authority, Barakat Bakare, on Saturday, expressed the government’s stance during a live interview on TVC’s program, “YOUR VIEW.”

    Bakare stated that the Lagos State Government “would no longer fold its arms and watch its residents being exploited by landlords and agents.”

    Bakare also clarified the distinct roles of house agents and lawyers in rental matters, emphasising the limitations of legal practitioners in real estate and house rental transactions.

    According to Bakare, the Lagos State tenancy law is currently under review.

    “The review aims to incorporate crucial provisions, such as those related to caution fees, which are presently lacking in the existing legislation.”

    She urged residents who encounter violations of these regulations to report such incidents to the Lagos State Regulatory Authority, either through physical visits or online channels.

    The Special Adviser reiterated Governor Babajide Sanwo-Olu’s commitment to addressing the housing challenges faced by Lagos residents.

    She affirmed that the “Government is constantly engaging landlords, property associations, and developers to promote collaboration and also to control excessive housing costs.”

    Furthermore, Bakare emphasised the government’s commitment to fairness and justice in the allocation of state-owned housing. She stated that the distribution process adheres to “fair, transparent, and well–laid–out criteria.”

    In her concluding remarks, Bakare advised Lagosians to exercise caution and diligence by verifying the registration status of agents and developers with LASRERA before finalising any transactions.

    She also issued a call to all real estate practitioners, urging them to register with the Lagos State Real Estate Registration Agency. Punch

  • Borno Governor bans sale of petrol in Bama LGA due to insecurity

    Borno Governor bans sale of petrol in Bama LGA due to insecurity

    Borno State Governor Babagana Zulum has banned the sale of petrol in filling stations across the Bama Local Government Area.

    Other places affected include Bama and Banki towns.

    The order, which takes immediate effect, followed his discussions with security agencies as part of ongoing efforts to address security challenges in the area.

    The governor’s spokesperson, Dauda Iliya, disclosed this in a statement on Saturday, May 10.

    “I have directed the immediate ban on the sale of petrol in Bama town, Banki, and other parts of Bama Local Government Area with immediate effect,” Zulum said.

    The governor warned that anyone found disobeying the directive would face the full wrath of the law.

    He added that security agencies had been directed to clamp down on any filling station or individual violating the directive, and anyone found culpable would be dealt with accordingly.

    Zulum reaffirmed his administration’s commitment to achieving lasting peace in the state and urged residents to cooperate in the fight against insurgency.

    Two years into President Bola Tinubu’s administration, insecurity remains a persistent challenge across many Nigerian states.

    Despite promises to combat terrorism, banditry, and violent crimes, the country continues to witness killings, kidnappings for ransom, and attacks on rural communities.

    From Benue to Borno, Plateau to Niger, and Ondo to Sokoto, state governors are struggling to contain the menace, as armed groups unleash chaos, displace communities, and cripple local economies, particularly agriculture.

    In Borno State, for instance, the governor has raised the alarm over Boko Haram attacks that have overrun military outposts.

    At a security meeting in Maiduguri on April 8, he called for increased federal intervention and aerial support to curb insurgent activities. ICIR

  • You’re a priceless gift: Gov Mbah Celebrates Jim Nwobodo at 85

    You’re a priceless gift: Gov Mbah Celebrates Jim Nwobodo at 85

    …Nwobodo: Mbah is a Success

    Governor of Enugu State, Dr. Peter Mbah, at the weekend, led other who-is-who in the state to celebrate elder statesman and a former governor of old Anambra State, Senator Jim Nwobodo

    Speaking during the 85th birthday anniversary celebration event in honour of Nwobodo at his Amechi Awkunanaw, Enugu, country home, Friday evening, Mbah recalled the octogenarian’s outstanding service to Enugu State, old Anambra State, Nigeria, and humanity in various capacities, describing him as an epitome of excellence.

    “It will be difficult to find words that amply capture the true essence of what Dr. Jim Ifeanyichukwu Nwobodo represents. Your life is a living proof that the true value of existence is selfless service.

    “Nothing endears one to his people than selfless service. That is what you epitomise. The men and women gathered here today to celebrate you is a reflection of that selfless service that you have provided for the people of Enugu State and Nigeria.

    “Today, we celebrate an extraordinary journey. We celebrate 85 years of impactful life.

    “As Governor at 39 years, you left bold legacies that are still evident today. As a Minister of Youth and Sport, your record remains unbeatable; and it’s still a heartwarming reference point in this country. As a Senator of the Federal Republic of Nigeria, you were an epitome of courage and patriotism. We are indeed very proud of you.

    “You are a priceless gift to humanity and to Enugu State and indeed our dear country. We are so blessed to have you. You have also provided a shoulder on which countless leaders stand on. You are a charismatic, yet unassuming leader; a man of all seasons,” the governor stated.

    He wished him many happy returns in sound health and cherished moments so that the new generation of leaders could continue to benefit from his fatherly counsel and wealth of experience.

    In his remarks, Nwobodo enjoined leaders to utilise the opportunities God had given to them to work for the people, citing the Mbah example in Enugu State.

    “Today, Peter (Mbah) is a success. Whether anybody likes it or not. He is a success because the results speak for him. Whatever he is in Enugu today was God’s design from time. God gave it to him. God inspires all that he is doing in Enugu today.

    “Governor Mbah also listens. He really does. I suggested something to him not long ago. He reflected on it and told me that he would do it. Today, he is already doing it. That is how your know a leader that would go far,” the elder statesman said.

    While thanking the governor for organising a state event to mark his birthday, Nwobodo said that Mbah had underscored the need to celebrate people while they are alive.

    “I did not expect an elaborate celebration as this. But the governor insisted on celebrating me so well. He maintained that it was better to celebrate people when they are alive, to say all the beautiful things to their hearing. So, Governor, I thank you for this show of love and thank all of you, who came out in your numbers to celebrate me,” he added.

    Also, at the event were the former governor of Enugu State, Rt. Hon. Ifeanyi Ugwuanyi; Deputy Governor of Enugu State, Barr. Ifeanyi Ossai; members of the Enugu State Executive Council; serving and former federal and state lawmakers, Council Chairmen under the leadership of the Chairman, Enugu State chapter of ALGON, Hon. Okechukwu Edeh, as well as the traditional rulers led by the Chairman, Enugu State Traditional Rulers Council, His Majesty, Igwe Samuel Ikechukwu Asadu, among a host of others.

  • 9th Marketplace E-commerce Platform Debuts at Enugu Tech Fest

    9th Marketplace E-commerce Platform Debuts at Enugu Tech Fest

    …To hit Lagos, Port Harcourt, South Africa 

    Chetanne Chinelo, Enugu

    9th Marketplace, an online shopping store and E-commerce platform has made its debut launch in Enugu State.

    Unveiling at the ongoing Enugu Tech Fest with the theme “Coal to Code”, which held from May 7-9, 2025, at the International Conference Centre, Enugu, Kezzy Tom-Tukura, Executive Assistant to the Chairman of 9thTech, a subsidiary of 9th Holdings Group, revealed that the platform offer services beyond buying and selling.

    “9th Marketplace is an online shopping store where you can buy building materials, household items and much more. We also offer services, which means you can hire professionals like electricians, surveyors; artisans like plumbers for all your needs.

    “We also provide logistics services, so you can come on our platform to hire some services, you can also buy and sell Real Estate at 9th Marketplace.”

    Explaining that the platform will debut in Lagos, Port Harcourt and South Africa, Tom-Tukura who described the acceptance in Enugu as exhilarating, also noted that while customers and vendors could download the 9th Marketplace app from play store, services were also available via www.9th.africa/marketplace.

    “From day one it has been energetic, it has been exhilarating, we are having a real fun time here, it has been great in Enugu so far.

    “We have got to connect with our community that we have already built here and we have got to meet so many other great people and personalities and connect with some other companies for future partnerships as well”.

    Our correspondent who spoke to some persons who visited the 9th Marketplace booth reports that the Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani and Rt. Hon. Uche Ugwu, the Speaker of Enugu State House of Assembly were among dignitaries who were at the debut of 9th Marketplace.

    The Secretary of Nkanu West Local Government Area and Chairman of Pacesetter Frontier, Onochie Igwesi, was also at the booth of the E-commerce platform.

    Speaking to PACESETTER, Eze Chiamaka Juliet, a vendor could not hide her excitement.

    “It was a very nice experience actually, everybody at 9th Marketplace was friendly and welcoming. I was able to register as a vendor because I sell shoes. They helped me out and I registered as a vendor, so, now my store is live on their website”.

    Another, Michael Ikpere said: “I went through the app and saw a lot of things I don’t have and I would love to purchase. I think they have a lot of construction things and that’s what I am into. I think I will be able to patronize and also check other things on the app”.

    For Ebubechukwu Nwachukwu, “According to what I experienced here, the website is really nice. It has a lot of things that I really want because I can’t just go to the market to buy all these things when I can easily order them online. So, I find it very interesting and amazing”.

  • In Anambra Tinubu Pledges to Tackle Erosion, Reactivate Gas Plan, Integrate State into National Rail System

    In Anambra Tinubu Pledges to Tackle Erosion, Reactivate Gas Plan, Integrate State into National Rail System

    President Bola Tinubu pledged on Thursday in Awka to address key developmental challenges confronting Anambra State and the Southeast region.

    These include erosion, underutilisation of gas reserves and Anambra’s exclusion from the National Rail Master Plan.

    Speaking at a civic reception held at Alex Ekwueme Square during his state visit, President Tinubu assured the people of Anambra of the federal government’s commitment to upgrading road infrastructure and fostering stronger national unity through inclusive development.

    Responding to Governor Chukwuma Soludo’s requests, the President acknowledged the persistence of abandoned federal road projects in the region.

    He emphasised the strategic importance of completing roads linking Anambra to Kogi State to facilitate easier access to the South-South and Abuja.

    “Abandoned federal road projects that link Anambra to Kogi then can become the fastest gateway between Abuja and Anambra South and South-South. I agree,” he said.

    President Tinubu addressed the state’s exclusion from the National Rail Master Plan, assuring residents that the Federal Ministry of Transportation would rectify the omission.

    “I am standing before you to say that the Ministry of Transportation is aware and will include the connection in the Master Plan and give it attention,” the President stated.

    The President pledged federal support for ecological investments to tackle erosion and acknowledged the state’s vast gas reserves, noting that its omission from the National Gas Master Plan would also be addressed.

    Commending the state government’s efforts in improving security, President Tinubu reaffirmed the federal government’s commitment to collaborating with Anambra and the Southeast to ensure peace, stability, and shared prosperity.

    ‘‘With our progressive ideological alliance, we will continue to partner with your state to deliver shared prosperity in Anambra and to all Nigerians.

    ‘‘As your President, I have always said and am saying the same thing now: In our national anthem, we sing, “Though tribes are tongues may differ in brotherhood, we stand”.

    ‘‘We will continue to be brothers. We are one family, a single family, diverse, living in the same house called Nigeria. We are only staying in different rooms. Our diversity must lead to prosperity. We must work together to be a united Nigeria,’’ he said.

    President Tinubu expressed deep appreciation for the chieftaincy title “Dikesimba of Anambra State”, conferred on him by traditional rulers of the state in recognition of his contributions to national development and unity.

    The Traditional Ruler of Obosi and Chairman of the Anambra State Traditional Rulers’ Council, Igwe Chidubem Iweka, conferred the title.

    He also recalled a 2005 title, “Omenife of Awka,” bestowed on him by Eze Gibson Nwosu.

    During the visit, President Tinubu inaugurated the Emeka Anyaoku Institute for International Studies and

    Diplomacy at Nnamdi Azikiwe University, Awka, an academic centre named after the former Commonwealth Secretary-General, Chief Emeka Anyaoku.

    President Tinubu also toured and commissioned multiple components of the Solution Fun City in Awka, including the Anambra Country Club, Family Fun House, Water Park, and Amusement Park, which were built by the Soludo administration.

    Other highlights included the launch of the Government House Mini City, the Anambra Tour of Light, and the unveiling of statues honouring five of the state’s historical icons, including Dr Nnamdi Azikiwe, Prof. Chinua Achebe, Prof. Kenneth Dike, Dim Chukwuemeka Odumegwu-Ojukwu, and Mrs Margaret Ekpo.

    The President also commissioned the newly completed Emeka Anyaoku Boulevard.

    Welcoming the President, the Anambra State Governor described the visit as “historic and consequential,” noting that it symbolised a new era of collaboration and shared progress between the federal and state governments under a united progressive ideology.

    “The last state visit by a president was in 2012, ostensibly to commission a brewery and another private enterprise. This visit is not just to commission projects. We have over 500 kilometres of roads, flyovers, and bridges completed and waiting for commissioning.

    “What you commissioned today, Mr. President, are mere symbolisms of the audacity of our dreams for a new Anambra state. Like the Americans would say, you haven’t seen anything yet,” he said.

    The Governor praised President Tinubu’s economic reforms and federal infrastructure projects benefiting the region—such as the rehabilitation of the Enugu-Onitsha Road, the Second Niger Bridge access roads, and ongoing erosion control measures describing them as “game-changers” for the Southeast.

    Highlighting a long-standing ideological alignment, Governor Soludo recounted the APGA’s progressive roots and its policy of supporting the party and government at the centre since 2011.

    He affirmed that “APGA is ideologically and strategically aligned with the centre,” stressing that both the APC and APGA are committed to federalism, inclusion, and people-focused development.

    “In Anambra, we are firmly and comfortably progressives.

    “We are implementing bold, people-centric programs, free education, healthcare for women, youth empowerment, and massive agricultural initiatives that align closely with the Renewed Hope Agenda,’’ he said.

    Governor Soludo also extended gratitude for the appointment of Anambra indigenes to key federal positions and the establishment of the Southeast Development Commission.

    “Mr. President, Anambra stands with you—not just in support, but in shared conviction.

    “For the sake of Nigeria and future generations, President Bola Ahmed Tinubu must succeed. We are prepared to support him in every possible way, not just to succeed, but to excel.”

    Prominent voices from across the state, including Chief Emeka Anyaoku, Lady Ada Chukwudozie, Chairman, Manufacturers Association of Nigeria, Sir Emeka Offor, business leader and philanthropist, Mr. Rapulu Prince Nwaezekwe, Youth leader, and Emeka Sibeudu, Secretary-General, Ohanaeze Ndigbo, delivered goodwill messages affirming support for the President’s leadership and the path of national unity.

    Bayo Onanuga

    Special Adviser to the President (Information & Strategy)

  • Enugu CP, Giwa announces arrest of 288 suspects, release of 36 abducted victims, recovery of 20 vehicles, 173 ammunitions, others, in 2 months

    Enugu CP, Giwa announces arrest of 288 suspects, release of 36 abducted victims, recovery of 20 vehicles, 173 ammunitions, others, in 2 months

    …Harps on professional policing

    Doris Ewoh, Enugu

    The Enugu State Commissioner of Police, CP Mamman Bitrus Giwa, has revealed that within 2 months of assumption of office as the Enugu State Commissioner of Police, the command has arrested 288 suspects, secured the release of 36 abducted victims, recovered 20 vehicles, 173 ammunitions and 44 firearms of different calibres including the G-3 Assault rifle.

    Giwa stated these in a press briefing held with correspondents in Enugu on Thursday, April 8, 2025 at the Conference Hall, State CID Headquarters, GRA, Enugu.

    Speaking, the Police Boss said he had meetings with his management team, area commanders, heads of tactical and operational units, and sectional heads to let them know his stand on ethical and professional policing, noting that bad eggs among the Force will be punished accordingly.

    He said: “I made it unequivocally clear that unprofessional conduct, corruption, extortion, harassment, or intimidation of citizens will not be tolerated under my watch. Any officer found culpable will face severe disciplinary action.

    “I also emphasized the need for Police officers to be emotionally intelligent and to put a human face to work, while coming down hard on unrepentant criminals and violators of our laws”.

    He stated that officers must refrain from meddling in civil matters, particularly land disputes, instead they should explore Alternative Dispute Resolution (ADR) and Restorative Justice when applicable.

    CP Mamman Giwa averred that to enhance security with the use of modern technology, they were leveraging the state-of-the-art Enugu State command and control centre, the Distress Response Squad (DRS) and community policing strategies to foster a people-centered approach.

    He talked on the misleading media reports about security incidents, emphasizing on the strength of social media in disseminating information in this modern age and the need to stop the spread of fake news.

    “I encourage all journalists including citizen journalists and netizens in Enugu State to engage in responsible media practices. Please verify information before posting or sharing any security-related content, particularly on social media”, CP Giwa said.

    Responding to a journalist who asked about the actions the police had taken to investigate those behind the killing of police officers at Achi, he said the police had over forty suspects in their custody and for the Police officers killed at Mbanabo, they had about thirty suspects already in their custody.

    The Commissioner of Police acknowledged the support of the Inspector General of Police, Olukayode Adeola Egbetokun, Ph.D, NPM; the Governor, Dr. Peter Ndubuisi Mbah, the good people and stakeholders of Enugu State and members of the press.

  • BREAKING: Cardinal Robert Prevost Announced as Pope Leo XIV, Makes History as First American Pontiff

    BREAKING: Cardinal Robert Prevost Announced as Pope Leo XIV, Makes History as First American Pontiff

    Cardinal Robert Prevost Announced as Pope Leo XIV, Makes History as First American Pontiff

    Cardinal Robert Prevost has been elected as the 267th pope of the Roman Catholic Church

    A short time after white smoke billowed from the chimney on the Sistine Chapel on the afternoon of Thursday, May 8, the world found out who the new pope is Cardinal Robert Prevost

    Prevost is the first American pope in history

    The 2025 papal conclave lasted two days

    Cardinal Robert Prevost has been elected as the 267th pope of the Roman Catholic Church. His papal name is Pope Leo XIV.

    White smoke finally rose from the chimney on the Sistine Chapel on the afternoon of Thursday, May 8, signaling to onlookers that the voting cardinals have come to a two-thirds consensus and decided on a new pope. The conclave, which began on May 7, lasted two days.

    A short time later, protodeacon of the College of Cardinals came out onto the balcony of St. Peter’s Basilica and announced “habemus papum,” which means “we have a pope.”

    The conclave, the historically secretive process of choosing a new pope, involves rounds of voting among members of the College of Cardinals who are under 80 years old. In the 2025 conclave, there were 135 cardinals who were eligible to vote, although two were unable to attend due to health reasons.

    At 133 cardinals, this marked the most electors to ever vote in a conclave — a voting body of 115 elected Pope Francis — and 108 of those were installed by the late pontiff, who was elected on the fifth ballot back in 2013, which was cast the day after the conclave began.

  • IMF confirms full repayment of $3.4 billion loan by Nigeria

    IMF confirms full repayment of $3.4 billion loan by Nigeria

    The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion financial support it received under the Rapid Financing Instrument (RFI) to cushion the economic impacts of the COVID-19 pandemic.

    In a statement sent to journalists on Thursday on behalf of Mr Christian Ebeke, the IMF’s Resident Representative for Nigeria, the Fund announced that the repayment was completed on April 30, 2025.

    The facility was disbursed in April 2020 at the height of the pandemic to assist Nigeria in addressing a sharp fall in oil prices, economic contraction, and fiscal pressures.

    “As of April 30, 2025, Nigeria has fully repaid the financial support of about US$3.4 billion it requested and received in April 2020 from the International Monetary Fund (IMF) under the Rapid Financing Instrument to help alleviate the impact of the COVID-19 pandemic and the sharp fall in oil prices,” the IMF stated.

    Nigeria to continue paying SDR charges 

    The Fund noted that despite the full settlement of the principal, Nigeria will continue to honour additional annual payments related to Special Drawing Rights (SDR) charges.

    It clarified that Nigeria would continue to make annual payments of approximately $30 million in SDR-related charges over the next few years.

    These charges stem from the difference between Nigeria’s SDR holdings and its cumulative SDR allocation.

    The statement noted, “Nigeria is expected to honor some additional payments in the form of Special Drawing Rights charges of about US$30 million annually.

    “In line with the IMF’s Articles of Agreements, these charges, levied at the SDR interest rate, which is updated at the beginning of each week, apply to the difference between Nigeria’s SDR holdings (SDR 3,164 million) (US$4.3 billion) and its cumulative SDR allocation (SDR 4,027 million) (US$5.5 billion) The net payment of the charges stops when Nigeria’s SDR holdings reach the cumulative allocation amount.”

    Data obtained from the IMF’s website by Nairametrics indicates that Nigeria’s total charge for 2025 is expected to reach SDR 22.35 million (approximately $30.24 million), with payments scheduled across May, August, and November.

    Nigeria’s $3.4 billion loan from the IMF was one of the largest disbursements under the RFI globally at the time and came with relatively favourable terms compared to traditional IMF programmes.

    Earlier reports showed that debt servicing to the IMF surged to $1.63 billion in 2024, made up entirely of principal repayments, with no interest or charges recorded for that year. In total, Nigeria’s external debt servicing for 2024 amounted to $4.66 billion, an increase from $3.5 billion in 2023.

    Multilateral creditors accounted for the bulk of the external debt servicing at $2.62 billion or 56%, with the IMF alone responsible for about 35% of the total external debt payments in 2024.

    The IMF’s confirmation of the loan repayment is seen as a positive development for Nigeria’s external debt profile. Nairametrics

  • Senate passes two remaining tax reform bills

    Senate passes two remaining tax reform bills

    The Senate has passed the final two of the four major tax reform bills, completing clause-by-clause consideration as it aims to modernise Nigeria’s tax administration framework.

    During Wednesday’s plenary, lawmakers began deliberation on the reports of the four executive-sponsored tax bills, successfully passing two and deferring the remaining two to Thursday.

    However, all four have now been approved.

    The bills include the Joint Revenue Board Establishment Bill, the Nigeria Revenue Service Establishment Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.

    The bills include the Joint Revenue Board Establishment Bill, the Nigeria Revenue Service Establishment Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.

    “These four executive bills seek to transform and modernise the tax system in Nigeria,” the Senate stated during the session.

    The following passage, a conference committee has been constituted to harmonise the versions with the House of Representatives. Once aligned, the bills will be forwarded to President Bola Ahmed Tinubu for his assent. Nation