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The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks for failing to comply with key regulatory requirements. The decision, which took effect on July 1, 2026, was approved by the CBN Governor, Olayemi Cardoso, in line with Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020. In a statement issued on Wednesday by the Acting…

The Federal Government has announced plans to phase out the policy that separates Junior Secondary Schools (JSS) from Senior Secondary Schools (SSS), describing it as ineffective in improving access to education. Minister of Education, Dr. Tunji Alausa, disclosed the decision on Tuesday in Abuja during the inauguration of the Universal Basic Education Commission (UBEC) Ministerial Implementation…

Canadian rap star Drake has stirred conversations online again after placing a huge wager on Canada to defeat South Africa in their 2026 FIFA World Cup Round of 32 clash. According to details shared by betting platform Stake on Sunday, the rapper committed about $770,000 (estimated at N1.07 billion) to back his home country in the knockout fixture. If Canada secures victory, the bet could…

Former Governor of the Central Bank of Nigeria, Godwin Emefiele, on Friday opposed the admissibility of several statements presented by the Economic and Financial Crimes Commission in his ongoing trial over alleged $4.5bn and N2.8bn fraud and abuse of office. Appearing before Justice Rahman Oshodi of the Lagos State High Court, Emefiele’s lead counsel, Olalekan Ojo (SAN), argued that the…

Telecommunications companies in Nigeria will now be required to obtain regulatory clearance before carrying out major ownership transactions following a new directive introduced by the Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC). The development was announced in a joint communication released in Abuja on Sunday and signed by officials of both…

Former Minister of Petroleum, Diezani Alison-Madueke, has been cleared of all bribery allegations after a London court delivered a not-guilty verdict in a high-profile corruption case. The judgment was delivered on Wednesday at Southwark Crown Court, where Alison-Madueke faced six charges linked to alleged bribery offences. The former minister, who served under ex-President Goodluck Jonathan…

A major industrial investment is set to return to Ondo State as President of the Dangote Group, Aliko Dangote, announced plans to establish a large industrial and free trade hub in Olokola, located in Ilaje Local Government Area. Speaking during a meeting with Governor Lucky Aiyedatiwa in Akure on Monday, Dangote said the project is designed as an integrated industrial zone that will provide…

South African authorities have stepped up immigration enforcement, leading to the repatriation of 2,745 foreign nationals within days of President Cyril Ramaphosa’s renewed commitment to addressing undocumented migration. The latest move follows growing social tensions in several communities and increasing public debate over migration, jobs and security. Officials said many of those affected…

The killing of 17 farmers in Zamfara State has sparked fresh concerns over worsening insecurity and its impact on food production in the region. According to local sources, the farmers had reportedly been warned against returning to their farmlands due to security threats. However, some residents proceeded with farming activities before they were attacked. A community leader, Mohammed, said…

The African Democratic Congress has taken a swipe at President Bola Tinubu’s Democracy Day speech, saying the address reflected what it called the failure of the ruling All Progressives Congress to fulfil key promises made to Nigerians over the years. The opposition party said the President’s remarks focused more on future commitments than an assessment of achievements, arguing that citizens…

BUA Group has cautioned members of the public against a fraudulent investment scheme being promoted through a viral AI-generated video that falsely features its Founder and Executive Chairman, Abdulsamad Rabiu. The company raised the alarm in a statement issued on Monday, describing the video as deceptive and designed to mislead unsuspecting individuals with promises of extraordinary investment…

Relief came on Saturday as operatives of the Nigeria Police Force rescued the younger sister of former Minister of Power, Adebayo Adelabu, and her twin sons days after they were abducted by gunmen in Ibadan, Oyo State. View this post on Instagram The victims, identified as Olaide Busayo Adegoke John-Paul and her 12-year-old twin boys, Peter and Paul, were freed during a security operation that…

The Senate has called for urgent intervention by the Federal Government to tackle the worsening security crisis in Kwara North Senatorial District, warning that continued attacks by armed criminal groups pose a serious threat to lives, communities and traditional institutions in the area. The red chamber made the call on Wednesday following the adoption of a motion sponsored by Senator Sadiq…

Osun State Governor, Ademola Adeleke, has activated all layers of the state’s security architecture in response to growing security concerns across the Southwest region. The governor disclosed this on Tuesday in a statement shared via his official X account, saying the move followed extensive consultations with security stakeholders aimed at strengthening the state’s preparedness against…

Yesterday’s Ojude Oba Festival in Ijebu-Ode was something else entirely. The whole town turned into a celebration of culture, colour, and pure excitement as people gathered to honour the Awujale of Ijebuland and enjoy one of Nigeria’s biggest cultural festivals. View this post on Instagram From early morning, everywhere was already alive. People were moving in groups, talking drums were…

The Anambra State Government has unveiled permit charges for political parties and candidates intending to mount campaign materials and carry out outdoor political activities ahead of the 2027 general elections. The fees, announced through the Anambra State Signage and Advertisement Agency, stipulate that presidential candidates will pay N50 million for outdoor campaign permits, while senatorial…

Former presidential candidate of the Labour Party, Peter Obi, has lamented the persistent wave of school abductions across Nigeria, describing the situation as a national disgrace. Speaking in a statement released on Wednesday to commemorate the 2026 Children’s Day celebration, Obi said it was difficult to fully celebrate Nigerian children while many pupils and students remain trapped in the…