News

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has expressed concern over the rising volume of non-bank transactions, which he said, threatens financial stability in West Africa. Cardoso stated this on Monday at the 10th meeting of the Supervisory Board of Non-Bank Financial Institutions of the West African Monetary Zone. Cardoso, represented by the Acting Director of the central bank’s …

Cristiano Ronaldo missed a penalty in extra time but Portugal made it through to the quarter-finals of the European Championship on Monday night. Ronaldo was in tears after his shot was stopped by Jon Oblak in the first half of extra time. Portugal were held to a goalless draw by impressive Slovenia for 120 minutes, forcing the game to penalties. …

  The NBA Asaba Branch has been informed of the transition of a very senior member of the branch to the diaspora, Emeka Arinze, Esq. Emeka Arinze, Esq., was admitted to the Nigerian Bar in 1983. Until his death, Emeka was an expert in digital evidence and eDiscovery law. He is the first Nigerian lawyer to be dual-qualified in Forensic …

The equity market started the week on a losing note as investors recorded losses of N20 billion at the end of the trading session on Monday, July 1, 2024. This comes even as stocks such as ETRANZACT, FIDSON and CORNERSTONE among others depreciated on the trading floor today. After five hours of trading on the capital market, equity capitalization decreased …

The banking, trade and manufacturing sectors led the way as Nigeria’s capital imports grew by 210.16 per cent in the first quarter (Q1) of 2024. This is based on the latest Nigerian Capital Imports Q1 2024 report released by the National Bureau of Statistics (NBS) on Monday. Capital imports are the flow of funds from abroad to encourage investment, trade, …

Two suspects seize 150 wraps of cocaine at Lagos airport. The National Drug Law Enforcement Agency (NDLEA) announced on Sunday that its agents arrested two passengers bound for Doha on a Qatar Airways flight at the Terminal 2 checkpoint at the Murtala Mohammed International Airport in Lagos after they tested positive for ingesting illicit substances on Friday, June 21. According …

Ezenwo Nyesom Wike, Minister of the Federal Capital Territory (FCT), engaged in a verbal exchange with Senator Ireti Heebah Kingibe, warning him that he would lose the support of the people in the upcoming elections in 2027. Speaking at the Opening of the Mabushi Bus Terminal in Abuja on Monday, Wike expressed disappointment over Senator Kingibe’s criticism of the FCT …

The Chairman/Chief Executive of the Nigerians in the Diaspora Commission (NIDCOM), the Honorable Abike Dabiri-Erewa, has congratulated Dr. Anne-Marie Imafidon, MBE, on her appointment as Chancellor of Glasgow Caledonian University, United Kingdom. In a congratulatory message, Dabiri-Erewa described Dr Imafidon’s appointment as Chancellor as well deserved, taking into account her antecedents and her quest for success. The NIDCOM chief said …

Prof Mahmood Yakubu, Chairman of the Independent National Electoral Commission (INEC), has clarified that the commission has no constitutional authority to supervise local council elections across Nigeria, except in the Federal Capital Territory (FCT). Yakubu made the remarks at a two-day inaugural retreat for INEC Resident Electoral Commissioners (RECs) held on Monday in Lagos on Monday. Responding to concerns regarding …

Former CEO of Konga, Imudia did not commit suicide. The family of the late former CEO of e-commerce giant Konga, Nick Imudia, has denied reports that the D.light International Group CEO committed suicide. He said that investigations into the cause of his death are still ongoing, as suicide has been ruled out.