CBN Revokes Licences of 46 Microfinance Banks
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks for failing to meet regulatory requirements, in a move aimed at strengthening the stability of Nigeria’s financial system. According to a statement on Wednesday by Hakama Sidi-Ali, Acting Director, CBN’s Corporate Communications Department, the revocation takes effect […]
13,000 FCTA Staff Begin 2025 Promotion Exercise
By Chinedu Echianu The Federal Capital Territory Administration has commenced its 2025 promotion exercise for more than 13,000 civil servants across the FCT Administration and the Federal Capital Development Authority. The Chairman of the FCT Civil Service Commission, Emeka Ezeh, announced the commencement of the exercise in a statement issued on Wednesday, saying it was […]
NDLEA Takes Custody of 6.8 Tonnes of Canadian Loud
By Oluwakemi Kindness The National Drug Law Enforcement Agency (NDLEA) has taken custody of 6,778.5 kilogrammes of Canadian Loud, a potent strain of cannabis, following what it described as one of Nigeria’s biggest seizures linked to an international drug trafficking network. It said the illicit consignment was intercepted during joint examinations of two containers at […]
Tinubu Says NYSC Reforms Will Boost Youth Employability
By Chinedu Echianu President Bola Tinubu has explained that the recently approved reforms to the National Youth Service Corps (NYSC) are designed to equip young Nigerians with practical skills, enhance their employability, and prepare them for greater contributions to national development. The President said the reforms, approved by the Federal Executive Council (FEC) on Monday, […]
Parents Say 37 Students Missing After Borno School Attack
By Chinedu Echianu Parents of students at Government Day Secondary School, Lassa, in Askira/Uba Local Government Area of Borno State say at least 37 students remain missing following Monday’s terrorist attack on the school. The attack occurred while students were reportedly sitting for the National Examinations Council (NECO) examination. Security authorities had earlier confirmed that […]
IPMAN Warns Against Petrol Price Controls, Threatens Shutdown
By Chinedu Echianu Fuel marketers under the umbrella of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to shut down filling stations nationwide if the Federal Government attempts to impose price controls on petrol in the deregulated downstream sector. The warning comes amid renewed concerns by the Federal Government and consumer protection authorities […]
Tinubu Urges UN Members to Adopt Charter in Constitutions
By Mardiyyah Abubakar President Bola Tinubu has called on member states of the United Nations (UN) to incorporate the Preamble to the UN Charter into their national constitutions to strengthen global commitments to peace, justice, human dignity and international cooperation. The President’s message was delivered by Nigeria’s Permanent Representative to the United Nations, Dr. Jimoh […]
US Supreme Court Upholds Birthright Citizenship
By Oluwakemi Kindness The Supreme Court of the United States has ruled that babies born in the United States are constitutionally entitled to citizenship, dealing a major blow to President Donald Trump’s effort to end the long-standing birthright citizenship policy. In a 6-3 decision, Chief Justice John Roberts held that children born in the US […]
Trump Reports $1bn Income, Driven by Crypto
By Oluwakemi Kindness United States President Donald Trump has disclosed earning more than $1 billion in 2025, with cryptocurrency emerging as his largest source of income, according to his mandatory annual financial disclosure. The 927-page report shows Trump earned about $635 million in royalties from his Trump-themed meme coin, despite its sharp decline in value […]
Finance Minister Seeks Commercial Tribunal for Investors
By Oluwakemi Kindness, Mardiyyah Abubakar The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has proposed the establishment of a specialised Commercial Dispute Resolution Tribunal to speed up the resolution of business disputes and boost investor confidence in Nigeria. Speaking at the Second Biennial Conference of the Capital Market Academics of Nigeria […]