Business

Depository banks (DMBs) have significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday. According to several industry reports, the increase in non-performing loans in the banking sector exceeded prudential guidelines in the fourth quarter. This was linked to a higher default rate as the apex bank withdrew forbearance. On Friday, …

President Bola Tinubu has formed an 11-member committee to oversee the operations of the newly approved Grid Asset Management Company Limited (GAMCO). GAMCO is a Federal Government initiative designed to address the persistent electricity transmission challenges in Nigeria. The inauguration, which was carried out on Friday by the President’s Chief of Staff, Femi Gbajabiamila, follows the Federal Executive Council’s approval …

Post views: 41 By Waka Hland Heartland FC top scorer, Joel Okoro, has expressed great confidence ahead of the club’s crucial match against Smart City FC in the Nigeria National League this weekend. Okoro, who has been one of Heartland FC’s best players this season, believes the team is fully prepared for the challenge and determined to get maximum …

… Immigration implements a digital system to track down defaulters … He says those who fail to comply with their visas risk arrest Daud Olatunji The federal government has said it now has the technological capacity to identify and arrest foreigners who overstay their visas in Nigeria, in what officials describe as a major step towards strengthening immigration control and …

The Nigerian equity market closed the week well as investors gained N119 billion at the end of trading on Friday. This follows the soaring prices of shares such as Eterna, Premier Paints, and Union Dicon, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 196,968.15 points from 196,807.15 points recorded the previous day. After …

FG orders RRBN to digitize operations in new crackdown on charlatanism The Federal Government of Nigeria has tasked Dr Idris Garba, the newly appointed Registrar of the Radiographers Registration Board of Nigeria (RRBN), to digitize the profession and stamp out quackery. The Honorable Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, gave the directive in his …

The Ebonyi State Police Command has confirmed the death of former Ebonyi Deputy Governor, father of Mr Kelechi Igwe, Chief Francis Igwe, who was kidnapped in his kidnappers’ hideout. This is contained in a statement issued to journalists in Abakaliki on Friday by the Command Public Relations Officer (PPRO), SP Joshua Ukandu. Ukandu explained that the victim, Igwe, died on …

Post views: 60 On March 5, 2026, the Enugu State Chapter of the United States Government Exchange Alumni Association Nigeria (USGEAAN), in partnership with Enugu Window On America, hosted the second edition of the Through Life Stories mentorship series. The event featured Coach Kingsley Obiekwu MON, a member of the victorious gold medal Super Eagles Atlanta ’96 team. Coach …

Saad Al-kaabi, Qatar’s energy minister, said oil prices could rise to $150 a barrel in ‘two to three weeks’ if tankers remained unable to pass through the Strait of Hormuz. Al-kaabi gave the prediction on Friday in an interview with the Financial Times. Ripples Nigeria reports that major container shipping lines sailing through the Strait of Hormuz and Suez Canal …

…Cites voting strength and historical imbalance in Ifo/Ewekoro constituency Daud Olatunji The Ifo Progressive Indigenes Forum has called on the All Progressives Congress to split its House of Representatives ticket for the Ifo/Ewekoro Federal Constituency in Ifo Local Government Area ahead of the 2027 general elections. The group, in a statement issued in Abeokuta on Thursday, warned that the current …