The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a reduction in its overdraft exposure to the Federal Government and changes across other loan categories. According to the apex bank’s audited financial statements, net loans and receivables at the bank level dropped from […]
President Bola Tinubu; former Ekiti State governor, Kayode Fayemi and his Anambra counterpart, who flew the Labour Party (LP) flag in the 2023 general election, Peter Obi, joined dignitaries and global leaders, yesterday, at the Vatican for the historic inauguration of Pope Leo XIV, the 267th Bishop of Rome. Though Tinubu is a Muslim, the […]
The Deputy Speaker of the House of Representatives, Ben Kalu, has sought partnerships with Australia and Rwanda to enhance women’s representation in governance, security, and mining, among other areas. Kalu made the call in separate meetings on Thursday with both countries’ embassies’ delegation led by Leilani Bin-Juda from Australia and Christopher Bazivamo from Rwanda, at […]
The European Commission will, today, unveil its proposed reform of the European Union’s (EU) ‘safe third country’ concept. The proposal is to dismantle the ‘connection criteria’ and the suspensive effect of appeal. This would mean individuals could be returned to countries they have no connection with, and any attempt to appeal the decision would not […]
The Nigerian National Petroleum Company Limited (NNPC) and Sahara Group are considering a collaboration to promote more access and a sustainable energy future for Nigeria and beyond. This drive dominated the discussion when Sahara Group, led by its executive directors, Mrs Moroti Adedoyin-Adeyinka, Dr Kola Adesina, Mr Tope Shonubi, and Mr Wal Ajibade, paid a […]
For violating the fundamental rights of a Nigerian businessman and being held in detention for 16 years without trial, the ECOWAS Community Court of Justice has awarded N20 million in damages to Mr. Moses Abiodun. Abiodun sued the Federal Government of Nigeria before the ECOWAS Court for alleged violations of his rights to liberty, freedom […]
US President Donald Trump on Thursday renewed talk of seeking a third term in office, which is barred by the Constitution, in a highly political address to US troops in Qatar. Speaking to uniformed soldiers at the Al Udeid base, Trump again falsely claimed to have won the 2020 election against Joe Biden. “We won […]
The Naira extended its recent gains on Wednesday, closing at N1,596.70 against the US dollar at the official market, according to data from the Central Bank of Nigeria (CBN). The local currency strengthened by N3.33 compared to Tuesday’s close of N1,600.03 per dollar, marking a 0.21 per cent appreciation. Earlier in the week, the Naira […]
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS) have partnered to address challenges around the mandatory physical verification required for Nigerians in the diaspora to obtain a Bank Verification Number (BVN). The solution known as ‘Non-Resident Bank Verification Number (NRBVN)’ is tailored towards addressing identified concerns that affect diasporas’ remittances and […]
An Igbo group, Njiko Igbo Forum (NIF), has frowned at the adoption of President Bola Tinubu as its candidate in the 2027 presidential election by the governor of Anambra State and leader of All Progressive Grand Alliance (APGA), Prof Charles Soludo. Njiko Igbo, in a statement made available to the media, said Igbo should be […]
