By Seun Ibiyemi The Central Bank of Nigeria (CBN) imposed a total of about N391 million in penalties on Custodian Investment Plc in the 2025 financial year over multiple regulatory infractions, underscoring tighter enforcement of compliance rules in the financial sector. Details contained in the company’s audited financial statements filed on the Nigerian Exchange (NGX)…
By Seun Ibiyemi Nigeria’s economy showed encouraging signs of recovery in the first quarter of 2026, with improved macroeconomic stability, although rising costs and external uncertainties continue to pose significant risks. According to a policy brief by the MD/CEO Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, inflation declined steadily, dropping to…
By Seun Ibiyemi First Ladies from SWEDD+ countries are set to gather in Banjul, The Gambia, from April 8 to 10, 2026, for a high-level forum aimed at advancing zero tolerance for gender-based violence (GBV) across West and Central Africa. The forum, co-organised by the Economic Community of West African States, the West African Health…
By Seun Ibiyemi The Director-General of the Nigerian Maritime Administration and Safety Agency, Dayo Mobereola, has called on Christians to use the Easter celebration as a period of sober reflection on the core ideals of Christianity and a renewed commitment to personal and spiritual growth. In his Easter message, Mobereola emphasised that the death and…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved a comprehensive payment plan aimed at clearing longstanding debts in Nigeria’s power sector, marking a major step under the Presidential Power Sector Financial Reforms Programme. The announcement was contained in a statement issued on April 5, 2026, by the President’s Special Adviser on Information and Strategy,…
By Seun Ibiyemi President Bola Ahmed Tinubu has commissioned a newly constructed Federal Operations Unit (FOU), Zone ‘A’ office complex of the Nigeria Customs Service in Iperu, Ogun State, marking a significant step in the Service’s expansion and reform agenda. Speaking during the ceremony held on Saturday, the Comptroller-General of Customs, Adewale Adeniyi, said the…
By Seun Ibiyemi The Chairman of the African Petroleum Regulators Forum (AFRIPERF) and Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan has outlined a vision for Africa’s energy future centered on unity, stronger institutions, and cross-border collaboration. Eyesan presented her agenda during her maiden Executive Committee Meeting of AFRIPERF, held virtually…
By Seun Ibiyemi The Minister for Finance, Wale Edun has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for boosting Nigeria’s daily oil production to 1.84 million barrels per day, calling the achievement “fantastic” and urging continued progress toward the two million barrels per day target. Edun made the remarks during a visit by NUPRC…
By Seun Ibiyemi The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has called on Nigerians to exercise extraordinary religious tolerance as Christians celebrate the Easter season. In a statement issued on Friday by the Director of Media and Public Affairs at the Ooni’s Palace, Moses Olafare, the monarch described Easter as a period symbolising…
By Seun Ibiyemi Nestlé Nigeria Plc’s iconic brand, MAGGI, has announced rising music sensation Qing Madi as the face of its latest campaign, “Me & MAGGI: So Good Together,” aimed at connecting with younger consumers through food, music, and shared experiences. The unveiling took place at Nestlé Nigeria’s Head Office in Lagos and marks MAGGI’s…
