Business

Tinubu meets Folarin in Lagos in the midst of Oyo 2027 Permutations

President Bola Ahmed Tinubu held a closed-door meeting with Oyo State All Progressives Congress chief Teslim Folarin on Thursday evening in what observers describe as an early sign of political realignment ahead of the 2027 governorship election.. The meeting, which took place at the Ikoyi presidential residence in Lagos, was confirmed by Folarin via his verified social media accounts, although …

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World Bank: Nigeria’s Poverty Rises to 63% Despite Easing Inflation – THIS END

By Ayo Kehinde According to the World Bank, Nigeria’s poverty rate rose to 63% in 2025, despite a notable slowdown in inflation, underscoring the limited impact of macroeconomic improvements on household well-being. The data was published in the Nigeria Development Update (April 2026) titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development”, published in Abuja. The report …

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The CBN denies plans to introduce ₦5,000 notes

The Central Bank of Nigeria (CBN) has dismissed recent false rumors about the introduction of the ₦5,000 note featuring President Bola Tinubu. The apex bank also dismissed claims that Polaris Bank was undergoing liquidation. The Apex Bank clarified that both reports were fake and urged Nigerians to rely only on official communications. Earlier on Thursday, a viral image of a …

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IMF examines global growth forecasts as Middle East war impacts economies – THIS UPDATE

The International Monetary Fund (IMF) is set to cut its global growth forecast, citing the economic fallout from the ongoing conflict in the Middle East, despite a fragile ceasefire. International Monetary Fund managing director Kristalina Georgieva warned that the “scarring effects” of war will weigh heavily on economies, with rising energy costs, damaged infrastructure and disrupted supply chains undermining prospects …

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10 things to know about BVN CBN’s new rules starting May 1

The Central Bank of Nigeria (CBN) has introduced ten new rules around Bank Verification Numbers (BVN) in a bid to prevent fraud and better protect digital banking processes.The new guidelines, which come into effect from 1 May 2026, will impact how customers log in to their bank’s app for mobile banking, switch devices and manage their banking details. 10 main …

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Drone attack kills 30 wedding guests

The United Nations (UN) has condemned a deadly drone attack on civilians in Kutum, North Darfur, noting that a drone strike hit a wedding ceremony in the town, killing at least 30 civilians, including women and children. U.N. spokesman Stephane Dujarric, at a news conference Thursday, said civilians were bearing the brunt of the growing violence. “We condemn all attacks …

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ADEMOLA OLAJIRE: THE IMAGE OF THE NFF THAT HAS SHOWN ABILITY OVER THE YEARS

Post views: 56 By ASEIN OHIS Ademola Olajire is considered one of Nigeria’s most experienced and respected sports journalists, a professional whose name has become synonymous with credibility, excellence and dedication. With a career spanning decades, Olajire has not only chronicled the evolution of Nigerian sport, but has also played an integral role in shaping its narrative, particularly through …

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NAICOM issues guidelines on policyholder protection fund and sets deadline

The National Insurance Commission (NAICOM) has released guidelines for collection, management and administration of Insured Protection Fund (IPPF). The new guidelines, established under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, introduce a rigorous system of mandatory contributions and oversight designed to ensure that the “protection of policyholders and beneficiaries covered by an insurance policy” remains a top priority. With …

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