By Adeyemi David An Ad hoc Committee of the House of Representatives has threatened to issue a warrant of arrest against the Managing Director of the Bank of Industry (BOI), Olasupo Olusi, over his failure to appear before it to account for the performance of funds managed by the bank. The committee, which is investigating…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves, raising its total gold holdings to 3.5 billion dollars in a major push to diversify the nation’s reserve assets. In a statement issued on Wednesday,…
By Seun Ibiyemi President Bola Tinubu has ordered the immediate suspension of the newly introduced cashless payment system at airports following widespread traffic gridlock and delays experienced by travellers across the country. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed the directive after the Federal Executive Council (FEC) meeting presided over by the…
By Seun Ibiyemi Ecobank Nigeria has unveiled an enhanced version of its gender financing initiative, “Ellevate by Ecobank,” as part of activities marking the 2026 International Women’s Day (IWD). In a statement issued on Wednesday, the bank said the upgraded programme reinforces its long-term commitment to advancing women-led enterprises in Nigeria and across Ecobank’s pan-African…
By Adeyemi David The governorship candidate of the All Progressives Congress (APC) in Osun State, Mr. Bola Oyebamiji, has said he is strengthened by President Bola Tinubu’s enduring belief in his leadership capacity ahead of the August 15 off-cycle election. Oyebamiji made the remark after a meeting with President Bola Tinubu on Monday evening in…
By Seun Ibiyemi The Debt Management Office (DMO) has announced the offer of two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. In a statement, the DMO disclosed that the first offer is a two-year FGN Savings Bond due on March 11, 2028, with an interest rate of 12.906 per…
By Seun Ibiyemi The Federal High Court of Nigeria has convicted two men for producing and selling counterfeit alcoholic beverages in Lagos State, sentencing them to a combined total of 40 years in prison. The convicts, 58-year-old Otuorimuno Nelson Aziakpono and 28-year-old Ikegwuonu Davidson Ikechukwu, were found guilty by Justice Allagoa J. of offences linked…
By Seun Ibiyemi A coalition of indigenous maritime tourism and transportation investors has pledged to unlock strategic investment opportunities aimed at developing Nigeria’s largely untapped maritime tourism economy, particularly for littoral communities in Lagos and across the country. The group, Allied Concessionaries and Blue Economy Alliance, made the commitment during a courtesy visit to the…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) at its retail outlets in Abuja to N960 per litre, up from N875, following a spike in global crude oil prices triggered by escalating geopolitical tensions in the Middle East. Checks at several NNPCL filling…
By Seun Ibiyemi Nigeria’s maritime sector recorded a historic surge in activity in 2025, with total cargo throughput rising by 24.8 percent to 129.3 million metric tonnes, up from 103.6 million metric tonnes in 2024, according to the 2025 Operational Performance Report released by the Nigerian Ports Authority (NPA) on Tuesday. The report described the…
