Zenith Bank Plc has been awarded ‘Bank of the Year’ and ‘Retail Bank of the Year’ at the 2024 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, marking the second consecutive year it has taken home the top honour. The ceremony was held at the Lagos Continental Hotel, Victoria Island, Lagos, on Friday, 25 October […]
The Nigeria Labour Congress (NLC) has criticised the International Monetary Fund (IMF) for denying its role in advising the Nigerian government to remove subsidies on petrol. The removal, implemented by President Bola Tinubu in May 2023, led to a dramatic increase in the price of Premium Motor Spirit (PMS), rising from N175 per litre […]
The Central Bank of Nigeria (CBN) has refuted reports claiming that old series N200, N500, and N1,000 banknotes will be withdrawn as legal tender by December 31, 2024. In a statement issued on Thursday by Acting Director of Corporate Communications, Sidi Hakama, the CBN clarified that the Supreme Court’s ruling on November 29, 2023, to […]
Following growing calls for President Bola Tinubu to reshuffle his cabinet, the former Lagos State governor dismissed five of his ministers on Wednesday. In addition to the dismissals, the President reassigned ten ministers to new portfolios and nominated seven new ministers for Senate confirmation. Tinubu, a prominent member of the All Progressives Congress (APC), had […]
President Bola Tinubu and the Federal Executive Council (FEC) have abolished the Ministry of Niger Delta Affairs and the Ministry of Sports Development. This decision was made on Wednesday during the FEC meeting in Abuja, as announced by the Special Adviser on Information and Strategy to President Tinubu, Bayo Onanuga, via his X handle. In […]
The Supreme Court has reserved judgment in a case filed by 16 states challenging the constitutionality of the laws establishing the Economic and Financial Crimes Commission (EFCC) and two other agencies. The date for the final ruling will be communicated to the parties involved. At Tuesday’s resumed hearing, the states of Imo, Bauchi, and Osun […]
The Minister of Power, Chief Adebayo Adelabu, has called an emergency meeting with the leadership of the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN) following multiple disturbances and complete collapses of the electricity grid. This year alone, the grid has experienced eight disruptions, plunging the country into darkness. The minister’s […]
Patrice Motsepe, President of the Confederation of African Football (CAF), has confirmed that an investigation is ongoing following the recent controversy surrounding Nigeria’s Africa Cup of Nations qualifier against Libya. Speaking at a press conference after the 46th Ordinary General Assembly in Addis Ababa, Ethiopia, on Tuesday, Motsepe stressed that CAF would not tolerate unsportsmanlike […]
Former House of Representatives member Farouk Lawan has been released after serving a five-year sentence for soliciting and accepting a $300,000 bribe from businessman Femi Otedola. Lawan was freed from the Kuje Correctional Centre in Abuja on Tuesday. In a statement, Lawan expressed gratitude: “Today marks the beginning of a new chapter in my life […]
A Federal Government panel tasked with investigating bribery allegations involving cross-dresser Idris Okuneye, also known as Bobrisky, has revealed that while he served his six-month prison sentence, he was granted several privileges, including access to a fridge and television. Presenting the findings at the Ministry of Interior on Monday, Uju Agomoh, a member of the […]
