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The Central Bank of Nigeria issued a sweeping regulatory directive ordering banks and fintech companies to immediately disclose their ultimate beneficial owners. The policy aims to dismantle the opaque corporate structures often used to mask illicit capital flows across the country’s fast-growing digital financial ecosystem. Signed by Dr. Rakiya Yusuf, Director of the Payments System…
Africa’s persistent reliance on raw material exports leaves the continent dangerously exposed to global price volatility, geopolitical friction, and supply-chain chaos. The African Export-Import Bank delivered this sobering assessment in its latest Trade and Development Finance Brief. The report details a familiar structural flaw. Most African nations continue to ship out agricultural goods, crude oil,…
Nigeria’s fragile electricity grid faces a dangerous new security threat in the Middle Belt. The Transmission Company of Nigeria has raised an alarm over a surge in infrastructure vandalism across Niger State. Saboteurs are increasingly targeting critical high-voltage installations that transmit bulk electricity to the federal capital and surrounding states. This aggressive economic sabotage threatens…
Nigeria’s mega-refinery has delivered a rare piece of deflationary news to the domestic energy market. Dangote Petroleum Refinery has slashed the ex-depot price of petrol by six percent, shaving N75 off the cost of a litre. This commercial adjustment responds directly to a sharp drop in global crude benchmarks over the last 48 hours. For…
The Joint Admissions and Matriculation Board has activated the portal for printing 2026 Unified Tertiary Matriculation Examination original result slips, a step that formally clears the way for millions of candidates to begin chasing admission into Nigerian tertiary institutions for the 2026/2027 academic session. In a statement issued on Wednesday by JAMB’s spokesperson, Fabian…
The Nigerian military has secured the release of four abducted citizens during a deliberate raid on a terrorist enclave in Katsina State. Combat teams overran a major woodland camp on Tuesday during an aggressive ground push. The targeted offensive forced the criminal syndicate to abandon their captives and flee deeper into the bush. This successful…
Oyo State Governor Seyi Makinde has declared his readiness to make any sacrifice, including risking his own life, to secure the release of pupils and teachers held by gunmen in Oriire Local Council of the state. He made the pledge on Tuesday while addressing peaceful protesters led by activist Martins Otse, popularly known as…
Poor compliance with the rulings of the Community Court of Justice of the Economic Community of West African States will dominate discussions as the bloc opens its Second Meeting of Competent National Authorities in Cotonou, Republic of Benin, today. The three-day gathering, themed “From Commitment to Framework: Operationalising a Collaborative Architecture for the Enforcement…
Nigeria’s power generation companies have raised fresh concern over a looming N1 trillion debt, warning that persistent liquidity challenges and stranded capacity now exceeding N2.376 trillion are threatening the survival of the sector. The operators say urgent intervention by the Federal Government is needed to stabilise the market, improve cash flow and prevent…
The Nigeria Democratic Congress has rolled out a binding anti-defection regime that compels every candidate seeking elective office on its platform to sign indemnity forms and swear affidavits surrendering their mandates if they abandon the party after winning. The party’s National Chairman, Senator Moses Cleopas Zuwoghe, unveiled the policy on Tuesday at an indemnity…
