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The Central Bank of Nigeria (CBN) has confirmed that 30 banks have successfully met the new minimum capital thresholds ahead of the March 31 deadline. Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications, disclosed on Friday that 33 lenders have raised fresh capital through rights issues, private placements, and initial public offerings. The…
The Nigeria Centre for Disease Control and Prevention (NCDC) has issued a high-priority public health advisory following an uptick in Cerebrospinal Meningitis (CSM) risks. This warning specifically targets states within the “African Meningitis Belt” during the current peak of the dry season. Health officials warned that the disease can progress with lethal speed, often proving…
The Federal Government will demolish and replace Lagos’s iconic Carter Bridge after technical audits confirmed the structure is beyond repair. The Federal Executive Council (FEC) approved the decision on Wednesday as part of a broader ₦1.2 trillion infrastructure funding. Advanced Engineering Consultants secured the ₦5.6bn contract to design the replacement. This marks the end of…
Nasir El-Rufai, the former governor of Kaduna State, has branded the ongoing corruption probe against him a “political witch-hunt” triggered by his membership in the opposition African Democratic Congress (ADC). In written statements submitted to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) last month, El-Rufai alleged that his investigation is a direct…
The Federal Government has issued new presumptive tax regulations designed to simplify compliance for millions of micro, small, and medium enterprises (MSMEs). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the framework on Wednesday, framing it as a “structured pathway” for informal businesses to enter the formal economy. The rules replace…
Operatives of the Department of State Services (DSS) have dismantled a sophisticated arms trafficking cell operating across North-East Nigeria. During a targeted strike at Mararaban Tula in Gombe State, agents arrested two suspected couriers and recovered a cache of heavy weaponry, including Rocket Propelled Grenade (RPG) launchers and warheads. The suspects, identified as Muhammed Alhaji…
Nigerian Army troops foiled a cattle rustling raid in Kano State on Saturday, killing an undisclosed number of bandits and recovering 257 animals stolen from Mainika village in the Gwarzo Local Government Area. The operation, carried out by the Joint Task Force led by men of the 3 Brigade Nigerian Army, began with a distress…
On Saturday night, a large swarm of bandits moved toward Ruwan Dorowa District with the intent to strike during Isha’i prayers. They approached from the Maru axis, hoping to find the town’s men distracted and unarmed in the mosque. Instead, they met a combined wall of police and military personnel who were already lying in…
The Federal Government has signed a landmark $1.3 billion agreement with the Africa Finance Corporation (AFC) to build a massive alumina refinery. This project, coordinated through the Solid Minerals Development Fund (SMDF), marks the largest private investment in Nigeria’s mining history. The facility aims to process one million tonnes of bauxite ore annually using the…
Armed men on motorcycles stormed Gada Oli, a village in the Kaiama Local Government Area of Kwara State, late Saturday, February 28, 2026. The attackers reportedly entered the community, shooting sporadically into the air, forcing terrified residents to flee into the surrounding bushes. According to local sources, the group focused on looting commercial assets, specifically…
