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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 Economic and Financial Crimes Commission (EFCC) has handed over ₦279 million in recovered funds to the Wole Soyinka Centre for Culture and the Creative Arts in Lagos. This follows a 17-year investigation into a contract scam at the facility, formerly known as the National Theatre. The sum represents the bulk of a ₦299 million…
The 115 Special Operations Group of the Nigerian Air Force executed 495 combat helicopter missions across the Niger Delta in 2025, all directed at countering illegal oil bunkering and protecting critical petroleum infrastructure that remains central to Nigeria’s national revenue. The figures, disclosed by the Chief of the Air Staff during an operational visit…
Political tensions in Rivers State escalated as armed men, believed to be political thugs, engaged in a gun battle with the convoy of Chibuike Amaechi, leader of the African Democratic Congress in the South-South region, during his visit to Ubima community for party registration activities. The incident unfolded between Ubima and Omuanwa in Ikwerre…
The West African Examinations Council has extended the registration deadline for the 2026 Computer-Based West African Senior School Certificate Examination for school candidates by one day, pushing the closing date to Friday, March 13, 2026. The council announced the decision on Friday through a short post on its official X account. “Here is to announce…
Public university lecturers across Nigeria are growing restless over the failure of the Federal Government to pay their salaries promptly, with the Academic Staff Union of Universities confirming that virtually no member of its nationwide membership has received their February salary as of Friday, March 6, and that payment of January salaries remains incomplete…
Nigeria’s Federal Government has reaffirmed that food security sits at the heart of the country’s economic stabilisation strategy, poverty reduction agenda and national sovereignty, with senior ministers using a high-level quarterly engagement forum in Abuja to outline the administration’s agricultural reform efforts and stress the importance of citizen participation in governance. The declaration came…
Migrants seeking permanent residence in the United Kingdom will from March 2027 be required to demonstrate English language proficiency at A-level equivalent standard, a significant increase from the current GCSE-level requirement that has governed settlement applications for years. The change, forming part of a broader package of immigration reforms announced by the UK Home…
President Bola Ahmed Tinubu has approved the posting of 65 ambassadors-designate to diplomatic missions across the world, filling critical vacancies in Nigeria’s foreign service more than a year after the recall of several envoys and following their confirmation by the Senate in December 2025. The list, released by the Ministry of Foreign Affairs on Wednesday,…
Former President Olusegun Obasanjo has declared that Africa’s failure to thrive is a direct result of poor leadership rather than a lack of wealth. Speaking in Abeokuta during his 89th birthday celebrations on Thursday, the elder statesman argued that the continent possesses ample land, intellect, and resources. He insisted that the “bane of development” is…
