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CBN Reassures Nigerians on Safety of Deposits

The Central Bank of Nigeria (CBN) has responded to recent reports circulating in certain media outlets suggesting a recommendation for the Federal Government to take over some CBN-supervised financial institutions. In a statement released today, the CBN emphasized that Nigerian banks remain secure and stable. In light of these reports, the CBN urges the public […]

Special Investigation Uncovers Sordid Details of Emefiele’s Tenure at CBN

Godwin Emefiele, the former Central Bank Governor, faces allegations tied to the acquisition of Union Bank and Keystone Bank, with a government-recommended nationalization looming over the institutions, according to a report from the banks’ special investigator. In a document obtained by Outlook Nigeria, Special Investigator Sam Obazee’s report to President Bola Tinubu revealed discrepancies in […]

Ahead of 2024 Conferenmce, IBCC Announces Startup Fund, Other Initiatives

In a groundbreaking move that echoes the commitment to empower, inspire, and drive positive change, the International Billionaire Christian Conference (IBCC) has announced the second edition of its meeting with the theme: power’, wealth and technology. This year’s conference will have the added attraction of the launching of startup fund to bridge the gap between […]

Judgment on Emefiele’s Fundamental Rights Suit Set for January 8

The High Court in Maitama, Abuja, has scheduled January 8, 2024, as the date for delivering judgment in the enforcement of fundamental rights suit filed by former Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele. Justice Olukayode Adeniyi, the trial judge, set the date after hearing arguments from lawyers representing the involved parties. The […]

Asisat Oshoala Clinches Record 6th CAF Women’s Player of the Year Award

Asisat Oshoala, the Super Falcons forward representing Barcelona, emerged victorious as the Confederation of African Football (CAF) Women’s Player of the Year for 2023. At the awards ceremony in Marrakech, Morocco, Oshoala clinched her sixth CAF award, solidifying her status as the most decorated female African footballer. Her previous wins were in 2014, 2016, 2017, […]

Victor Osimhen Named CAF African Player of the Year

Victor Osimhen, the Super Eagles striker, clinched the prestigious African Player of the Year 2023 award presented by the Confederation of African Football (CAF). The SSC Napoli forward secured the CAF accolade during Monday’s awards ceremony in Marrakech, breaking a 23-year Nigerian dry spell since Kanu Nwankwo last received the honor. Osimhen’s stellar performance, marked […]

Naira Redesign and Insecurity Force Farmers into Bankruptcy – FG

The Federal Government has acknowledged that the naira redesign policy, implemented by the Central Bank of Nigeria (CBN) from December 15, 2022, to February of the current year, led to numerous farmers facing bankruptcy across the country. The initiative to redesign the naira was spearheaded by the former governor of the apex bank, Godwin Emefiele. […]

Next Minimum Wage Discussions With FG to Mirror Rising Living Cost, NLC Insists

Against the backdrop of a rising cost of goods and services in Nigeria, the Nigeria Labour Congress (NLC) is gearing up for negotiations on the next national minimum wage in 2024. NLC President Joe Ajaero stressed the need for the new wage to reflect the current cost of living, especially following the removal of the […]

UK Introduces Revised Visa Guidelines for Skilled Workers and Health Personnel

The United Kingdom has unveiled revisions to its visa regulations, intending to increase the minimum salary threshold for skilled worker visas and restrict the ability of health and social care staff from bringing their families to Britain. The proposals, heralded by Prime Minister Rishi Sunak’s office as a significant tightening of legal migration, have sparked […]

EFCC Witness Reveals Visa Flagged Naira Marley’s Credit Card for Fraud

Dein Whyte, the 10th prosecution witness in the trial of Nigerian singer Naira Marley for internet fraud, disclosed to Justice Nicholas Oweibo of the Federal High Court in Ikoyi, Lagos, that the musician’s credit card had been flagged for fraudulent activity. Whyte, an investigator with the Economic and Financial Crimes Commission (EFCC), outlined how a […]

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