The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to submit detailed cybersecurity assessments under a newly deployed supervisory framework, warning that false disclosures will attract sanctions. In a circular dated March 30 and signed by Olubunmi Ayodele-Oni, Director of the Compliance Department, the apex bank announced the rollout of its …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on the World Bank to support efforts to mobilise an estimated $22 billion required to bridge Nigeria's gas infrastructure gap and extend gas development across Africa. The Authority Chief Executive of the NMDPRA, Engr. Saidu Mohammed made the call at the Decade of Gas Ministerial …
The Nigerian Education Loan Fund (NELFUND) has debunked viral claims that it has increased the monthly upkeep allowance for students from ₦20,000 to ₦25,000. In a statement signed by its Director of Strategic Communication, Mrs. Oseyemi Oluwatuyi, NELFUND dismissed the claim as false, reiterating that the monthly stipend remains ₦20,000 and urged students to rely …
Nigeria has taken a major step in modernising its trade ecosystem, as global logistics firm DHL, alongside key regulatory agencies, successfully commenced the electronic submission and transmission of cargo manifests through the National Single Window. The rollout, involving the Standards Organisation of Nigeria (SON), Nigeria Agricultural Quarantine Service (NAQS), and National Environmental Standards and Regulations …
Federal Government bond auction attracted strong investor interest, with total subscriptions rising to about ₦931.5 billion, well above the ₦750 billion on offer in March. Data from the Debt Management Office (DMO) on Tuesday showed that the bulk of the demand came from the 9-year bond, highlighting strong investor demand for government securities. The 9-year …
The Federal Government has advanced Nigeria’s next-generation satellite programme into the execution stage, with NIGCOMSAT-2A and NIGCOMSAT-2B slated for launch in 2028 and 2029 to strengthen connectivity, national security and digital economic growth. Managing Director of NIGCOMSAT Limited, Mrs Jane Nkechi Egerton-Idehen, disclosed this during the opening of the Satellite Week 2026 in Abuja. She …
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual tax returns to April 14, 2026, giving taxpayers in Lagos an additional two weeks beyond the initial April 1 deadline. The agency said the extension is aimed at allowing taxpayers sufficient time to properly complete and submit their returns, while …
Former governor of Kaduna State, Nasir el-Rufai, arrived at the State High Court in Kaduna on Tuesday ahead of proceedings in his ongoing trial. Sources said he is expected to proceed to the Federal High Court later in the day for the hearing of his bail application. His appearance comes days after he was granted …
Amnesty International has called on President Bola Tinubu to take urgent steps to halt the wave of killings across the country, warning that continued inaction is worsening insecurity. In a statement on the Palm Sunday attack in Angwan Rukuba, Jos North Local Government Area of Plateau State, the organisation said authorities must probe what it …
The Federal High Court in Abuja has again voided the Peoples Democratic Party (PDP) convention held in Ibadan, Oyo State, in November 2025, and barred the Independent National Electoral Commission (INEC) from recognising its outcomes, including the election of party leaders. Justice Joyce Abdulmalik delivered the ruling on Monday in a suit filed by a …
