The Central Bank of Nigeria (CBN) has called on banks to secure its approval before appointing a new successor to the position of managing director six months before the exit of an incumbent, as provided in the corporate governance guidelines. It issued the directive in a circular signed by the Director of Financial Policy and …
Nigeria's oil and gas sector reforms have delivered 28 Field Development Plans with $18.2 billion worth of investment commitments in 2025 alone, says Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Komolafe said these commitments are also expected to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet (TCF) …
Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has criticised former presidential candidate Peter Obi over his frequent movement across political parties. Bwala recalled that Obi, who began his political career in the All Progressives Grand Alliance (APGA), once declared that his family would die if he ever abandoned the party. He, …
Blood streamed down his face. Deep gashes marked his hands. Mubarak Bello, 38, had just survived a brutal machete attack outside his home in Sabon Unguwa, Katsina State, Nigeria. “Even yesterday they attacked me. I wounded two people, and they also wounded me. I don’t know how long I can withstand this pressure,” he said …
...State targets 220,000 new pupils as out-of-school numbers soar past 787,000 Gombe State has launched an ambitious campaign to tackle its growing out-of-school population, with a targeted enrolment of 110,000 pupils ahead of the 2025/26 academic session — a number that could double under new proposals. The 2025 Enrolment Drive Campaign, spearheaded by the State …
Niteon, one of Nigeria's largest digital export marketplaces, has announced the launch of Niteon Capital, the first neobank built specifically for African manufacturers. Founded by Nigerian entrepreneurs Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and mineral products, connect seamlessly to international …
Rivers State will, on Thursday, September 18, return to democratic rule, six months after President Bola Tinubu suspended Governor Siminalayi Fubara, his deputy Ngozi Odu, and the state legislature under a state of emergency. The end of emergency rule comes with heightened political manoeuvring as the Rivers State chapter of the All Progressives Congress (APC) …
The new tax laws expected to take effect from January 1, 2026, have left many Nigerians apprehensive about certain provisions. One of the provisions is the requirement of a tax identification number (TIN), tax identity (Tax ID) and National Identification Number (NIN) before anyone can continue to operate or open a bank account in Nigeria. …
In a ruling that deals a major blow to Nigeria’s World Cup 2026 aspirations, FIFA has decided not to sanction South Africa over the eligibility of midfielder Teboho Mokoena during the African qualifiers. The Disciplinary Committee has cleared Bafana Bafana of any wrongdoing, extinguishing hopes in Abuja and Cotonou for an administrative rescue. What Was …
Fidelity Investments, a financial services firm, recently bought 34,187 ETH, worth about $154 million at $4,500 per token, marking a significant step in the adoption of cryptocurrency in the mainstream financial system. According to an on-chain data report, "The world of digital assets is evolving, with institutional crypto adoption accelerating. Fidelity Investments, a firm managing …
