Economy

Borno State Governor, Babagana Umara Zulum, has thanked President Bola Ahmed Tinubu for approving N68bn in operational support for the Maiduguri Emergency Power Plant. The governor described the intervention as timely, saying it would help sustain electricity supply, support businesses, improve livelihoods, and strengthen security efforts in Borno State. The approval covers N2bn monthly operational…

The Economic and Financial Crimes Commission has arrested Tunde Ayeni, former chairman of the defunct Skye Bank Plc, over allegations involving money laundering, misappropriation, and diversion of funds estimated at N36.54bn and $30m. Ayeni, a businessman and former top figure in Nigeria’s banking sector, was reportedly picked up in Abuja on Thursday and is being…