By Seun Ibiyemi The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has disclosed that 13 banks are yet to meet the new minimum capital requirement under the ongoing bank recapitalisation programme. Cardoso made this known on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the apex bank’s…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar in trading on Tuesday as sustained interventions by the Central Bank of Nigeria (CBN) continued to support liquidity and narrow the gap between official and informal market exchange rates. Data from the Nigerian Foreign Exchange Market (NFEM) showed that…
By Seun Ibiyemi Former presidential aide and social commentator, Reno Omokri has criticised appeals for sympathy over former Kaduna State Governor Nasir el-Rufa’i’s reported nosebleed while in detention, describing it as a minor issue compared to alleged human rights abuses under his administration. This was disclosed in a statement posted on it X handle formerly…
By Seun Ibiyemi The Federal Government of Nigeria is taking steps to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those living in the diaspora, in a bid to deepen financial inclusion and strengthen domestic capital markets. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently…
By Seun Ibiyemi The Lagos State Ministry of Transportation has reaffirmed its commitment to stakeholder engagement following the launch of the Bus Reform Initiative (BRI) on the Lekki–Epe Corridor, aimed at restructuring public transport operations and improving traffic flow. The reform restricts operations along the corridor to medium and high-capacity buses while limiting mini buses,…
By Seun Ibiyemi Nigeria’s equities market recorded a 42 per cent increase in trading activity in January 2026 on a year-on-year basis, even as monthly transactions fell sharply compared to December 2025, data from the Nigerian Exchange Ltd. (NGX) showed.Stock market gains N6.79trn as NGX All-Share index climbs 6.16% Total market transactions rose to N862…
The world over, young business people are currently experiencing significant success and making a significant impact across industries, particularly in the oil and gas sector. Ambassador Daniel Koussou’s journey from modest beginnings to leading a thriving business conglomerate exemplifies resilience, vision, and strategic acumen, offering valuable lessons for aspiring entrepreneurs. Koussou, chairman of the Nigeria…
By Seun Ibiyemi Tunji Disu is a senior Nigerian police officer with more than three decades of experience in law enforcement, widely recognised for his operational leadership and strategic approach to policing. He has been appointed as the Inspector‑General of Police (IGP), succeeding Kayode Egbetokun after a directive by President Bola Tinubu.Tinubu appoints Tunji Disu…
By Seun Ibiyemi President Bola Ahmed Tinubu has removed the Inspector General of Police (IGP), Kayode Egbetokun, from office and appointed Assistant Inspector General (AIG) Tunji Disu as his successor. Sources indicate that Egbetokun was directed to resign Tinubu to Governors: We will establish State Police to curb insecurityduring a meeting with the President at…
Kayode Egbetokun has resigned from his position as the Inspector General of Police (IGP). A source in the presidency told Channels Television that Egbetokun resigned from the position on Tuesday. More to follow….
