Fourteen years after the Central Bank of Nigeria (CBN) launched its financial inclusion strategy, an estimated 40 million Nigerian adults remain outside the formal financial system, highlighting the persistent gaps in access to banking and financial services. The figure is contained in a new report released by Enhancing Financial Innovation & Access (EFInA). Titled ‘Unlocking …
The Nigerian Senate on Tuesday approved the use of both electronic and manual methods for transmitting election results, following weeks of public anger and protests over moves to limit electronic transmission in the ongoing amendment of the Electoral Act. The resolution was reached during plenary after lawmakers reviewed recommendations intended to address concerns raised by …
Former Kaduna State Governor and ex-Minister of the Federal Capital Territory, Nasir El-Rufai, has dismissed claims of a personal fallout with President Bola Tinubu, saying he never had a personal relationship with the President. El-Rufai clarified the issue during an interview on Trust TV on Monday, saying he supported Tinubu’s 2023 presidential ambition out of …
A new report by the National Bureau of Statistics (NBS) has exposed the scale of gender inequality embedded in how time is spent across Nigerian households. The report reveals that women devote five times more hours than men to unpaid domestic and care work, a burden analysts say is constraining economic growth and distorting national income …
The Joint Health Sector Unions (JOHESU) has suspended its 84-day nationwide strike following a conciliation meeting with the Federal Government, directing all its members across the country to resume work with immediate effect. The suspension was announced in a communiqué issued at the end of an expanded National Executive Council (NEC) emergency hybrid meeting held …
There was a heavy security presence on Tuesday morning at the national secretariat of the Labour Party in Abuja as the acting National Chairman, Senator Nenadi Usman, took over the headquarters from the Julius Abure-led faction. Usman confirmed the development in a telephone interview through her Senior Special Adviser on Media, Ken Asogwa. When our …
The Corporate Accountability and Public Participation Africa (CAPPA) has praised the Federal Government for commissioning Nigeria’s first treatment facility for Polychlorinated Biphenyls (PCBs) in Abuja. CAPPA made this known in a statement on Monday. The facility was established by the Federal Ministry of Environment, in partnership with the Global Environment Facility (GEF) and the United …
The 2025 financial year was marked by cautious lending across the banking sector, despite the Central Bank of Nigeria’s (CBN) decision to reduce the Loan-to-Deposit Ratio (LDR) requirement to 50 per cent. A Pinnacle Daily review of the financial results of major banks shows that while some lenders maintained loans slightly above the regulatory minimum, …
President Bola Tinubu on Monday reaffirmed the importance of the National Economic Council (NEC) as a key institution for strengthening fiscal federalism and economic governance in Nigeria. The President spoke at the second edition of the NEC Conference, themed “Delivering Inclusive Growth and Sustainable National Development: The Renewed National Development Plan 2026–2030,” held at the …
The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, a move that marks a major milestone in the bank’s growth and long-term development strategy. In a statement, the BOI said the approval allows it to formally commence non-interest banking operations. The …
