CBN Approves JPMorgan Merchant Bank in Nigeria
The Central Bank of Nigeria granted formal preliminary approval on 23 October to JPMorgan Chase…
CBN Approves JPMorgan Merchant Bank in Nigeria
The Central Bank of Nigeria granted formal preliminary approval on 23 October to JPMorgan Chase to establish a full merchant bank in Lagos, marking an unmistakable financial triumph for Abuja. This preliminary concession rewards the American banking titan for lodging a 50bn naira deposit in the capital and signals a rare vote of foreign confidence…
Atiku Demands Audit Of N10bn Ebola Fund
Former Vice-President Atiku Abubakar demanded a full public audit of the N10bn emergency Ebola fund on Friday, 23 October 2026, accusing President Bola Tinubu’s administration of dangerous bureaucratic inertia following the confirmed infection in Abuja. The political opposition seized upon contradictory official statements after the ruling All Progressives Congress claimed the special contingency allocation remains…
Flamingos Face North Korea In Must-Win Tie
Nigeria’s national under-17 women’s team confronts defending champions North Korea by 4 p.m. today in Salé, Morocco, knowing that only a resolute tactical showing will preserve their place at the 2026 FIFA Under-17 Women’s World Cup. Heavy tournament tests expose technical frailties. Head coach Akeem Busari takes his squad to the Mohammed VI Football Academy…
Twenty-Four State Assemblies Approve State Police Amendment
Nigeria crossed a historic constitutional threshold on Friday, 23 October 2026, when twenty-four state houses of assembly formally endorsed the Constitution Sixth Alteration Bill to establish a dual policing system across the federation. Chief of Staff to the President and chairman of the Presidential Working Group on the National Policing Bill, Femi Gbajabiamila, confirmed in…
Private Sector Credit Drops by N537bn In September
Nigerian commercial lenders pulled N537.6bn out of private sector loan books in September, demonstrating how quickly punishing cash reserves choke commerce despite official claims of monetary easing. Fresh money market figures from the Central Bank of Nigeria show that total credit to businesses and households dropped to N83.93trn, retreating from the N84.47trn recorded in August….
National Diesel Supply Plunges 40% -NMDPRA
Nigeria’s daily diesel supply dropped forty per cent in September to hit an uncomfortable thirteen-month low, exposing the fragility of domestic fuel distribution just as transport costs hammer household budgets across the country. Official data released in Abuja by the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed daily market receipts falling to 8.7 million…
France Bans Protests Over Violent Living Costs
President Emmanuel Macron slapped sweeping gathering bans and municipal curfews across French cities on Thursday, 22 October 2026, after violent street riots shattered nationwide marches against the soaring cost of living. More than half a million citizens flooded town centres on 17 October before radical fringe groups hijacked the peaceful marches, leaving charred vehicles and…
Pa Fasoranti For Burial On December 17
The family of late Afenifere patriarch Reuben Famuyide Fasoranti announced in Akure on Thursday, 22 October 2026, that his funeral service and final interment will take place on 17 December at St David’s Cathedral, Ijomu. The centenarian statesman died peacefully at his Ondo State residence on Tuesday, 20 October, closing a century of principled public…
Ebola: APC Says Atiku Politicising Health Emergency
The All Progressives Congress Presidential Campaign Council says the ₦10 billion President Bola Tinubu approved for Ebola preparedness in June has not been spent, as Nigeria’s first confirmed Ebola case in 12 years turns into a fresh flashpoint in the 2027 campaign. The council’s spokesperson, Dele Alake, said in a statement in Abuja on…
Naira Steadies At N1,330 In Official Trading
Nigeria’s naira held steady in early trade on Friday, 23 October 2026, exchanging at N1,330.95 against the American dollar on the official foreign exchange market. Screen-based trades opened within a tight range of N1,330.95 to N1,332.00 per dollar, giving commercial lenders in Lagos a welcome respite from wild price swings. Tight monetary policy preserves brittle…