CBN LIMITS SUSPENSION OF CONTRACTUAL OBLIGATIONS IN FAILING BANKS TO TWO BUSINESS DAYS
By Aishat Momoh. O. The Central Bank of Nigeria (CBN) has issued a new interpretative guidance clarifying the application of Sections 34(2)(b) and 40(2) of...
FG, WORLD BANK STRENGTHEN PARTNERSHIP TO BOOST WATER SUPPLY, FOOD SECURITY
By Aishat Momoh. O. The Federal Government has reaffirmed its commitment to strengthening its partnership with the World Bank to accelerate access to safe water,...
CBN SHUTS DOWN 46 MICROFINANCE BANKS FOR FAILING REGULATORY REQUIREMENTS
By ; Ganiyat Sunmola The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks nationwide over violations of regulatory requirements....
ALLEGED N336.9M FRAUD: EFCC ARRAIGNS MAN, HIS COMPANY IN LAGOS
The Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 1, Ikoyi, on Monday, June 29, 2026, arraigned Abdulkarim Muhammad Arome, and his company, Cresco...
NICA CALLS FOR CREDIT REFORMS TO BOOST INDUSTRIALISATION
By:Muftau Fatimo The National Institute of Credit Administration (NICA) has called on the Federal Government to strengthen Nigeria’s credit system by boosting funding for key...
NIGERIA, TANZANIA, ETHIOPIA DRIVE AFRICA’S ELECTRIFICATION GROWTH – REPORT
By: Muftau Fatimo Tanzania, Nigeria and Ethiopia have emerged as the leading beneficiaries of a major World Bank-supported electrification initiative across Africa, contributing to electricity...
LAGOS GOVT INTENSIFIES MONITORING OF HOUSING PROJECTS ACROSS THE STATE
By: Fasasi Hammad The Lagos State Ministry of Housing has stepped up oversight of contractors handling major housing developments across the state, warning that projects...
MUSLIM GROUP ADVOCATES SUB-N700 FUEL PRICE AMID FALLING COSTS
By; Ganiyat Sunmola The Muslim Media Watch Group of Nigeria (MMWG) has urged the Federal Government to compel petroleum marketers to reduce the pump price...
SHOCK IN LAGOS COMMUNITY AS THREE-STOREY STRUCTURE GIVES WAY
By: Fasasi Hammad Panic gripped residents of Lagos on Thursday after a three-storey building collapsed in the Alakija area of Amuwo-Odofin Local Government Area. As...
BREAKING: SENATE PASSES CONSTITUTIONAL AMENDMENT TO ESTABLISH STATE POLICE
By; Ganiyat Sunmola The Senate on Wednesday approved constitutional amendments paving the way for the establishment of state police across Nigeria. The bill was passed...