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Central Bank of Nigeria Governor Olayemi Cardoso has issued a firm warning to bank directors and industry leaders, declaring that the apex bank will take decisive regulatory action against any institution where corporate governance failures are identified. Cardoso delivered the warning in a keynote address at the Chartered Institute of Directors induction ceremony in…
Nigeria’s equities market extended its winning streak to a fifth consecutive week, with the NGX All-Share Index leaping 7.33 per cent to close at 242,277.81 points but a sharp split in sectoral performance revealed that not all investors were sharing in the euphoria. Market capitalisation swelled by N10.66tn to reach N155.99tn, driven by aggressive…
A chieftain of the Nigeria Democratic Congress, Buba Galadima, has publicly called on former Vice-President Atiku Abubakar to join the party, warning that any failure to consolidate opposition forces ahead of the 2027 general elections could be laid at his door if he refuses. Galadima made the appeal during an appearance on Channels Television’s…
A Federal High Court in Abuja has viewed video recordings of investigators’ interview sessions with three of the six men standing trial over an alleged plot to overthrow the administration of President Bola Tinubu, with two defendants admitting awareness of the conspiracy while a third denied any knowledge. The recordings, contained in a hard disc…
Nigeria is attempting to turn its police colleges into credible academic institutions. Inspector-General of Police Olatunji Disu has launched a plan to secure formal accreditation for all 42 training centres across the country. This move shifts the focus from mere drill-and-discipline to a more rigorous academic framework. The goal is to produce officers who can…
Nigeria has emerged as the sixth most competitive outsourcing destination in the world. A new report by Ataraxis Management finds that the country now beats India and Pakistan on labour cost efficiency. Global firms can save up to 80% on wages by hiring Nigerian talent for roles that usually require expensive degrees. This shift signals…
Talks between the Federal Government and non-academic university unions ended in a stalemate on Monday, leaving public campuses nationwide in a state of administrative paralysis. The Joint Action Committee, representing SSANU and NASU, refused to blink as the indefinite strike shuttered clinics, hostels, and bursaries. Government officials tried to pacify the unions by explaining why…
The Nigerian chemical and non-metallic sector is cannibalising its own future to survive a brutal present. Rising operational costs and a decaying infrastructure have forced firms to dump permanent staff for cheaper, temporary hands. This surge in labour casualisation is not a sign of agility but a desperate attempt to stay afloat. It hollows out…
The Nigerian naira maintained a cautious equilibrium against the United States dollar on Tuesday, trading at ₦1,374 in the official market. This relative stability reflects a central bank determined to pin the currency within a narrow band, even as the broader economy chafes under dollar scarcity. While the official window saw trades fluctuate between ₦1,362…
Faced with worryingly low turnout in a nationwide exercise critical to settling long-standing retirement obligations, the Federal Government has issued a firm directive to Ministries, Departments and Agencies to ensure full compliance with an ongoing pension verification and enrolment programme for civil servants with accrued pension rights. The National Pension Commission, PenCom, confirmed that…
