Business

The completion of the Central Bank of Nigeria’s (CBN) 24-month banking sector recapitalization program has triggered new expectations in the financial services sector, with analysts predicting a new phase of reforms focused on credit expansion, customer protection and regional growth. On Wednesday, the apex bank confirmed that 33 banks have successfully met the revised minimum capital requirements, marking a significant …

The attention of the Independent National Electoral Commission (INEC) has been drawn to recent public statements by political actors alleging partisan bias, calling for the removal of the Commission’s chairperson due to the Commission’s decision to obey the recent Court of Appeal ruling. While the Commission recognizes the right of stakeholders to express their views, it is critical to clarify …

Investors in the Nigerian equity market lost N3 billion at the close of trading on Thursday. This follows the fall in the prices of shares such as John Holt, Abbey Building and Intenegins, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) fell to 201,698.89 points from 201,703.55 points recorded the previous day. After five hours of …

The Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja, on Thursday dismissed reports of a rift between him and Oyo State Governor, Seyi Makinde, describing the claims as false and misleading. This came in the context of earlier reports that the monarch had led a boycott of the coronation of three senior chiefs in Ibadan and moved to Lagos to protest …

By Joseph Amedu, Lokoja Governor Ahmed Usman Ododo of Kogi State has initiated the renovation of 728 government-owned public schools under the Adolescent Girls Initiative for Learning and Empowerment (AGILE) intervention in the three senatorial districts of the state. During an awards ceremony at the Government House, Lokoja on Thursday, Governor Ododo assured that his administration will continue to give …

The Economic and Financial Crimes Commission (EFCC) has told the Federal High Court in Abuja that the 57 properties allegedly linked to Abubakar Malami, SAN, former Minister of Justice, should be permanently forfeited to the Federal Government. The EFCC, in a motion for notification for final property forfeiture filed by its team of lawyers led by Jibrin Okutepa, SAN, and …

Post views: 13 BY KINGSLEY UZOWULU Heartland Queens defeated Naija RATEL 2-0 in matchday 13 of the NWFL at Dan Anyiam Stadium Owerri yesterday. Before the match, the Owerri land girls were given a bye while the Abuja girls were defeated 5-0 by league leaders and former champions Bayelsa. In the first leg the two teams had drawn 2-2. …

The De Renaissance Patriots Foundation has renewed its call for the emergence of an indigene as governor of Lagos State in 2027, warning against what it described as the continued marginalization of natives in the state’s political leadership. In a statement released by its press office on Thursday, the socio-cultural organization said key leadership positions in the state must be …

The Central Bank of Nigeria (CBN) has issued a deadline for Deposit Money Banks, and other financial institutions under its regulations to complete mandatory cyber security self-assessments as part of efforts to strengthen the country’s financial system. In a letter dated March 30, 2026, and published on its website on Tuesday, the apex bank said, “Institutions are required to submit …

Nigerian states are increasing borrowing despite a sharp increase in allocations by the Federation Account Allocation Committee (FAAC), raising fresh concerns over fiscal sustainability and weak internally generated revenue (IGR) growth. Recent data shows a reversal of the fiscal consolidation trend seen in 2024. According to the National Bureau of Statistics (NBS), states’ domestic debt declined significantly from 5.8 trillion …