By Seun Ibiyemi The Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme launched in March 2024, with Nigerian banks raising a total of ₦4.65 trillion in fresh capital. The apex bank disclosed this in a statement issued in Abuja and jointly signed by Dr. Olubukola Akinwunmi, Director…
By Seun Ibiyemi Bola Ahmed Tinubu has postponed his planned visit to Iperu in Ogun State for the inauguration of the Gateway International Cargo Airport, opting instead to travel to Plateau State following recent deadly attacks in the area. According to a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the…
By Seun Ibiyemi Abbey Mortgage Bank Plc has reported a profit before tax of ₦3.13 billion for the financial year ended December 31, 2025, reflecting strong growth in its core earnings and sustained commitment to enhancing shareholder value. The bank disclosed this in its audited financial results submitted to the Nigerian Exchange Group, showing a…
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) engaged with members of the House of Representatives at the National Assembly during the budget defence session, reaffirming his commitment to transparency, fiscal responsibility, and the sustained development of Nigeria’s maritime sector. L-R: Member, House of Representatives Committee on Maritime Safety, Education and Administration;…
…As CGC Adeniyi commissions project at government secondary school Wuse By Seun Ibiyemi The Comptroller-General of Customs (CGC), Adewale Adeniyi, on Tuesday, 31 March 2026, commissioned a major intervention project at Government Secondary School, Wuse, Abuja, marking the one-year anniversary of the Nigeria Customs Service’s Corporate Social Responsibility initiative tagged ‘Customs Cares’. Addressing students, staff,…
By Seun Ibiyemi The Nigerian Railway Corporation (NRC) has unveiled special train service arrangements across its corridors to accommodate increased passenger traffic during the Easter holiday period. NRC’s Chief Public Relations Officer, Callistus Unyimadu made the announcement on Tuesday in Lagos. For the Lagos-Ibadan Train Service (LITS), three additional trips are scheduled on Thursday, April…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has increased the price of natural gas supplied to power generation companies to $2.18 per metric million British thermal units (MMBTU), effective April 1, 2026. The new rate represents a $0.05 increase from the previous price of $2.13/MMBTU, according to a circular issued by the regulator…
The Nigeria Labour Congress (NLC) on Tuesday staged a protest at the headquarters of the Abuja Electricity Distribution Company (AEDC) in Abuja over the alleged disengagement of about 900 workers. Speaking during the picketing exercise, NLC President, Joe Ajaero, described the mass sack as a “deceitful and dangerous trend” within the power sector. “A majority…
By Seun Ibiyemi The Nigerian Senate has approved the N68.3 trillion Appropriation Bill for the 2026 fiscal year, marking a significant step in the country’s budgetary process aimed at strengthening economic stability and development. The approval followed the consideration and adoption of the report of the Senate Committee on Appropriations during Tuesday’s plenary session. The…
By Seun Ibiyemi The National Agency for Food and Drug Administration and Control (NAFDAC) has alerted the public to the circulation of counterfeit and unregistered Cerelac Mixed Fruits and Wheat products in Lagos, warning of serious health risks to infants. In a statement posted on its official X handle on Tuesday, the agency disclosed that…
