Telecom operators (Telcos) would from Monday, January 27, disconnect nine banks from having access to its Unstructured Supplementary Service Data (USSD) code over their failure to pay the USSD services debts, which accumulated to over N200 billion as of October…
It was no surprise when news platforms ran the headline, “CBN FINES 9 Banks for Cash Scarcity in Their ATMs.” What’s shocking is how long it took—years of persistent failures and only after the Yuletide—for these sanctions to arrive. To…
Due to increased demand typical of the festive season, Nigeria’s headline inflation rate rose slightly to 34.80% in December 2024, up from 34.60% in November 2024, according to the National Bureau of Statistics. The government agency shared this information in…
The Nigerian National Petroleum Company Limited (NNPCL) has remitted ₦10 trillion to the federation account, making it the highest taxpayer in the country, and remains the only company in Nigeria that publishes 100% of its account statements annually.E This is according…
There was tension in Port Harcourt, the Rivers State capital, on Thursday as police barricaded part of the road leading to the People’s Democratic Party (PDP) Secretariat along Aba Road. The development came amid reports that the newly constituted Acting…
The Defence Headquarters has vowed to combat terrorists and their collaborators in Nigeria. A DHQ spokesman Major General Edward Buba attributed the resurgence of attacks in Borno State to the influx of foreign agents who are reinforcing the terrorists terrorising…
The National Insurance Commission (NAICOM) has expressed its support for the Nigeria Police Force’s announcement that effective February 1, 2025, the Third-Party Motor Insurance Policy for all vehicles on Nigerian roads will be enforced nationwide. This move ensures strict compliance…
President Bola Tinubu congratulates six distinguished Diaspora Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States. This prestigious recognition, established by former President Bill…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has filed a five-count charge of unlawful diversion of public funds and money laundering against Jimi Lawal, a former senior councillor and adviser to former Kaduna State governor, Nasir El-Rufai.…
As the Federal Government battles to overcome multiple economic and security challenges, it will not get any help from one of the country’s most prominent traditional rulers, the Emir of Kano, Muhammadu Sanusi. The Emir, a former governor of the…
In a significant development for Nigeria’s aviation industry, the African Export-Import Bank (Afreximbank) has agreed to support aircraft financing for Nigerian airlines. This announcement came during a side meeting at the ongoing Aviation Economic Conference in Dublin, Ireland, facilitated by…
Former Inspector General of Police Mike Okiro has narrated how a non-existent court order prevented him from contesting the just-concluded Ohanaeze Ndigbo election in Enugu. Mike Okiro, an aspirant for the post of President-General of Ohanaeze Ndigbo, addressed journalists in…
The Senate Committee on Information and National Orientation has rejected the ₦8.9 billion allocation in the 2025 budget proposal to the Federal Ministry of Information and National Orientation, describing it as inadequate. The Chairman of the Committee, Senator Kenneth Eze,…
The Central Bank of Nigeria (CBN) has imposed sanctions totaling N1.35 billion on nine Deposit Money Banks (DMBs) for failing to ensure the availability of Naira notes through Automated Teller Machines (ATMs) during the 2024 festive season, a period of…
The Federal Government has announced its commitment to finalising the long-awaited recapitalisation of the Bank of Agriculture (BoA) by the end of the first quarter of 2025. The initiative is aimed at addressing the persistent funding challenges faced by smallholder…