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CBN directs IMTOs to open naira settlement accounts

25.03.2026
The Central Bank of Nigeria has directed all International Money Transfer Operators operating in the country to open and maintain naira settlement accounts with authorised dealer banks, as part of efforts to tighten oversight of diaspora remittances and improve transparency in the foreign exchange market. The directive was contained in a circular dated March 24,...
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CBN Banking Recapitalisation: What Customers Should Know

25.03.2026
The Central Bank of Nigeria has addressed concerns and rumours surrounding the ongoing banking recapitalisation exercise. In a thread posted on X on Tuesday, the apex bank said the Nigerian banking sector is sound and stable, that customer deposits are fully safe and protected, and that banking services remain unchanged. It also said the March...
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Banks attract N4.61tn under new CBN recapitalisation

25.03.2026
Nigerian banks attracted a total of N4.61tn in new capital under the Central Bank of Nigeria’s recapitalisation programme, according to a press statement issued by the apex bank on Tuesday. The disclosure was made at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and Supervision held at the CBN headquarters...
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Firm promotes affordable solar energy access in Lagos

25.03.2026
A firm, African Climate Stories, has said its ‘Flip the Switch Campaign’ roadshow is driving solar energy adoption in Lagos communities. The organisation disclosed this in a statement on Tuesday, following a roadshow held at Abule-Egba and Iyana-Ipaja markets in Lagos. It said the event brought together residents, small business owners, and energy stakeholders, while...
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Ogun Waste Managers Praise Gov. Abiodun’s Intervention

25.03.2026
The Association of Waste Managers of Nigeria, Ogun State Chapter, has hailed Governor Dapo Abiodun for his timely intervention in preventing the collapse of the state’s waste management system. This commendation was contained in a statement made available to journalists on Monday and signed by the state chairman of the association, Pastor Jolaoluwa Gbenga. Gbenga...
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Air Peace Refutes Tax Evasion Claims by Lagos Government

25.03.2026
Nigeria’s largest carrier, Air Peace, has expressed shock over reports alleging that its Chairman and Chief Executive Officer, Allen Onyema, and Vice Chairman, Alice Onyema, are facing a tax evasion suit instituted by the Lagos State Government, describing the claims as surprising and unsubstantiated. The airline, in a statement on Monday, said neither the company...
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BOI & EIB ink €50m deal for Nigeria’s healthcare manufacturi

25.03.2026
The Bank of Industry and EIB Global, the development arm of the European Investment Bank, have signed a landmark €50m financial agreement aimed at strengthening Nigeria’s healthcare sector by boosting local manufacturing of vaccines, pharmaceuticals, and diagnostic tools. Announced on the sidelines of the Nigeria-EU Ministerial Summit in Abuja on Monday, the deal provides critical...
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Dangote Hike Fuels Increase in Cooking Gas Cost in Nigeria

25.03.2026
Fresh pressure is mounting on household energy costs as marketers on Monday warned that the price of Liquefied Petroleum Gas, popularly known as cooking gas, could rise further following a new price adjustment by the Dangote Petroleum Refinery and worsening global crude oil dynamics. The Nigerian Association of Liquefied Petroleum Gas Marketers said retail prices...
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FG Inaugurates PenCom Board to Oversee N28tn Pension Assets

25.03.2026
The Federal Government on Monday inaugurated the Governing Board of the National Pension Commission, directing members to uphold corporate governance and safeguard over N28tn in pension assets under the Contributory Pension Scheme. This was contained in a statement issued by PenCom on Monday. Speaking during the inauguration ceremony in Abuja, the Secretary to the Government...
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Shettima Receives Zamfara Gov, Lawal, Supporters Into APC

25.03.2026
…Says Tinubu working hard to end insecurity …says PDP, ADC won’t thrive The Vice President, Kashim Shettima, on Tuesday in Gusau, received the Zamfara State Governor, Dauda Lawal and his supporters into the ruling All Progressives Congress (APC). This came as he assured that the end to insecurity in Nigeria was in sight, as President Bola...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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