Femi Otedola, Chairman of First Holdco Plc, has attributed his ₦320 billion personal investment in First Bank to the Federal Government’s economic reforms and the Central Bank of Nigeria’s policy measures. Speaking at the 13th Annual General Meeting of First Holdco Plc on Thursday, Otedola commended President Bola Ahmed Tinubu for his bold and visionary […]
President Bola Tinubu has granted regulatory approvals for the issuance of all critical licences required for the Kolmani Integrated Development Project, a multibillion-dollar oil exploration initiative located between Bauchi and Gombe states. The development was disclosed by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during the flag-off ceremony for the construction […]
Suspended Senator Natasha Akpoti-Uduaghan has petitioned the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, to wade into the alleged attempt on her life by the Senate President, Godswill Akpabio. In a petition dated 15th May, 2025, Akpottl Uduaghan, who represents the Kogi Central Senatorial district, accused Akpabio of orchestrating a malicious […]
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 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 […]
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 […]
