Employee fraud costs Nigerian MSMEs ₦10trn annually, threatening jobs, growth – CPPE

By Adeyemi David Employee corruption and occupational fraud are silently draining Nigeria’s Micro, Small and Medium Enterprises (MSMEs) of an estimated ₦5 to ₦10 trillion each year, threatening business sustainability, job creation, and the country’s economic growth, experts have warned. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf…

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GTBank official urges stronger fraud awareness as CBN highlights transparent bank charges

Lanre Kasim of Guaranty Trust Bank has called on bank customers to deepen fraud awareness and improve financial literacy to better protect their finances. Kasim made the appeal while speaking on customer responsibilities at a stakeholders’ meeting organised by the Nigeria Deposit Insurance Corporation on Saturday in Lagos. She described financial literacy as the knowledge…

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NDIC assures Nigerians of banking sector stability, confirms over 80% Heritage Bank depositors reimbursed

The Nigeria Deposit Insurance Corporation (NDIC) has reassured Nigerians about the health of the nation’s banking sector, stating that banks are robust while confirming that over 80 per cent of depositors of the liquidated Heritage Bank have already received their insured funds. Speaking in Minna during the National World Savings Day commemoration, Mr. Zeyad Abubaka…

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Over 50,000 fishermen storm Matan Fada river ahead of Tinubu’s arrival at Argungu fishing festival

More than 50,000 fishermen on Saturday surged into the historic Matan Fada River ahead of the scheduled arrival of President Bola Ahmed Tinubu at the grand finale of the 2026 Argungu International Fishing and Cultural Festival (AIFCF). The early arrival of the enthusiastic fishermen disrupted the established ceremonial protocol.  Dressed in traditional fishing attire and…

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Stock market gains N6.79trn as NGX All-Share index climbs 6.16%

The Nigerian Exchange Limited closed the week on a high note, with the All-Share Index rising by 6.16 per cent to 182,313.08 and Market Capitalisation appreciating to N117.027 trillion, up from 171,727.49 and N110.235 trillion respectively in the previous week.  Investors added N6.792 trillion to their portfolios over the period. All other indices finished higher,…

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Lagos Ports see surge in ship arrivals as NPA reports 18 vessels discharging cargo

A total of 18 ships are currently discharging petroleum products and other commodities at Apapa PortLagos, Nigeria”], Lekki Port”], and Tin-Can Island Port Nigerian Ports Authority announced on Saturday. The authority stated that the vessels are unloading a range of goods, including buck fertilizer, general cargo, bulk sugar, gasoline, bulk urea, condensate, bulk gypsum, and…

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Presidency demands probe into El-Rufai’s wiretapping claim involving NSA Ribadu

The Presidency of Nigeria has called for a comprehensive investigation into comments made by former Kaduna State governor Nasir El-Rufai concerning the alleged interception of communications belonging to Nigeria’s National Security Adviser, Nuhu Ribadu. During an interview aired on Arise TV, El-Rufai claimed that he and other unnamed individuals listened to conversations from Ribadu’s phone…

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Bandits kill DPO in Katsina gunfight, three suspects shot dead

The Katsina State Police Command has confirmed the death of CSP Muhammad Sani-Kabir, Divisional Police Officer (DPO) of Rimi Local Government Area, during a gun battle with suspected bandits on Friday, February 13, 2026. Three suspected bandits were also killed in the confrontation. DSP Aliyu Abubakar, the Command’s Public Relations Officer (PPRO), stated that the…

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