Ten commercial banks listed on the Nigerian Exchange (NGX) recorded a combined N3.77 trillion in loan impairment charges from 2023 through Q1 2025, driven largely by the naira’s sharp devaluation, soaring inflation, and rising interest rates. Loan loss provisions totaled N1.34 trillion in 2023, jumped to N2.13 trillion in 2024, and hit N297.1 billion in…
Peter Obi, the 2023 presidential candidate of the Labour Party (LP), has shown strong solidarity with the victims of the recent devastating floods in Mokwa Local Government Area of Niger State. During a visit on Monday, Obi donated ₦20 million and a trailer load of food items to support affected communities. The catastrophic flooding has…
Nigerian Afrobeats star Burna Boy has responded to the backlash which followed his proposal to hold a free concert in Burkina Faso. The response came after critics mocked the initiative and claimed he was allegedly rejected by the President of Burkina Faso. The Grammy-winning artist in an Instagram Story defended his intentions and criticized those…
Former Big Brother Naija reality show star, Chukwuemeka Okoye, popularly known as Frodd, has opened up about being molested as a child by different house helps. He claimed that he was physically molested by different house helps they had, except for his nanny. He added that a certain neighbour also molested him. Frodd explained that…
Muyiwa Awoniyi, the manager of Grammy-winning Nigerian singer, Temilade Openiyi, popularly known as Tems, has revealed that the singer wasn’t financially buoyant when they first met. Featuring a recent episode of the Afrobeats Intelligence podcast, Awoniyi recalled that the singer had only N200 in her bank account during their first encounter. He explained that despite…
Singer Asake’s ex-manager, Stephen Nana, known as Stevenator, has finally revealed why they parted ways. Stevenator was Asake’s manager between 2022 and 2024. However, speaking in a viral interview on social media, Stevenator stated that he parted ways with the singer when he became too big for him to manage. He further appreciated singer Olamide,…
Popular rapper and activist, Folarin Falana professionally known as Falz, has revealed that he might not raise his kids in Nigeria. The ‘This Is Nigeria’ crooner cited threats due to his activism, and the country’s security and economic challenges as reasons. Falz featured as a guest in a recent episode of the Dear Ife Series…
Popular Nollywood actor, Daniel Etim-Effiong, has revealed that he used to be a womanizer at some point in his life, but added that it was brief.In an interview with Chude Jideonwo, the engineer-turned-actor recalled “exploring” with multiple women at the same time. He described the experience as a learning process. He said he often advised…
Former Big Brother Naija reality show housemate, Queen Mercy Atang, has revealed why she unfollowed her husband on Instagram.Recall the single mother of one got married to David Oyekanmi, her husband, in March 2024.A few months after their marriage, she sparked rumours of marital crisis after deleting their wedding pictures and unfollowed him on Instagram.However,…
Popular Nollywood actor, Daniel Etim-Effiong, has revealed that he married his wife, Toyosi, after his ex-girlfriend declined his marriage request. In a recent conversation with Chude Jideonwo, Etim-Effiong explained that he wanted to settle down, but his then-girlfriend wasn’t ready. He stated that he then left South Africa for Nigeria, where he met his wife,…
