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Govt Securities Form 11% of Nigerian Banks’ Assets: S&P

05.02.2026

Government securities now account for about 11 per cent of Nigerian banks’ total assets, underscoring years of constrained credit extension and a sustained tilt towards lower-risk sovereign instruments, according to a new banking sector outlook by S&P Global. The ratings firm said the rising exposure has increased banks’ sensitivity to sovereign-related shocks, though this risk...

Senate Declines Electronic Transmission Of Election

04.02.2026

On Wednesday, the Senate c bydeclined the proposed amendment to Clause 60, Subsection 3, of the Electoral Amendment Bill that was introduced to make electronic transmission of election results mandatory. The provision, if accepted, would have compelled presiding officers of the Independent National Electoral Commission (INEC) to upload results from each Polling Unit to the...

Sanwo-Olu Receives American Streamer Kai Cenat In Lagos

04.02.2026

The Lagos State Governor, Babajide Sanwo-Olu, on Wednesday, received popular American streamer Kai Cenat, at the Lagos House in Marina. The Lagos State Government made this known in a statement issued by the Senior Special Assistant to the governor on New Media, Jubril A. Gawat, in a post on X. Gawat said Cenat, who is...

NNPC Running Of Refineries Brought Monumental Loss

04.02.2026

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has revealed that the state-owned refineries were operated at a “Monumental loss” which led to the decision to stop operations in a bid to resist further value erosion. Ojulari spoke on Wednesday in Abuja during a fireside chat titled “Securing...

Sen. Mustapha Condemns Bandit Attacks On Kwara Communities

04.02.2026

…Calls for unity, vigilance Senator Saliu Mustapha, representing Kwara Central Senatorial District in the 10th National Assembly, has condemned the tragic attacks on residents of Woro and Nuku communities in Kaiama Local Government Area of Kwara State. In a statement personally signed by him, Senator Mustapha said he received the “distressing news of the tragic...

FAAN to Shut Lagos Airport Terminal for Rehabilitation

04.02.2026

The Federal Airports Authority of Nigeria has announced plans to shut down Terminal 1 of the Murtala Muhammed International Airport, Lagos, in March as part of ongoing infrastructure rehabilitation and expansion works. The planned closure, expected to take effect in about one month, is aimed at addressing long-standing structural and operational deficiencies at the ageing...

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