BREAKING: Nigerian Banks Lose N42.33 Billion in 6 Months, Data Shows Top Fraud Channels

Nigerian banks have reported a whopping N42.33 billion in fraud losses in the first six months of 2024, with increases recorded in multiple channels. Data from the Financial Institutions Training Centre disclosed in its first and second quarter reports on Fraud and Forgeries that the losses revealed an alarming trend. Fraud cases in bank branches … Read more

BREAKING: Access Bank Completes Acquisition of South African Bank, Targets More Countries

Access Holdings Plc has announced that it has entered a binding agreement for the acquisition of South Africa’s Bidvest Bank. The deal was disclosed in a statement on the Nigerian Exchange (NGX) signed by Sunday Ekwochi, Access Holdings’ secretary. Access Bank is expected to complete the acquisition in the second half of 2025, pending approval … Read more

BREAKING: Data Affects Nigeria’s Corruption Fight

The World Bank has said until Nigeria has an efficient data-gathering process the fight against corruption and transparency in governance will continue to be affected. The World Bank Country Director, Dr. Ndiamé Diop, stated this in Abuja at the AGORA Policy conversation on anti-corruption. Represented by the Senior Bank Official, Debby Isa, Diop noted that … Read more

BREAKING: Trump Named TIME’s 2024 ‘Person Of The Year’

The United States President-elect, Donald Trump, has been named TIME’s 2024 Person of the Year, marking a remarkable political resurgence. The announcement was made Thursday by TIME’s Editor-in-Chief, Sam Jacobs, who praised Trump for his “historic comeback,” reshaping American politics, and redefining the role of the U.S. presidency. TIME’s feature highlighted Trump’s transformation from political … Read more

BREAKING: Reps Probe Nigeria Customs Alleged Complicity In Smuggling At Borders

The House of Representatives has instructed its Committees on Customs and Excise and Defence to conduct a joint investigation into the operations and activities of the Nigeria Customs Service (NCS) at the nation’s borders. Naija News understands that this directive comes following allegations of complicity in smuggling and instances of brutality against Nigerian citizens by … Read more

BREAKING: MC Oluomo Leads NURTW Delegation To Meet Marine, Blue Economy Minister

The National President of the National Union of Road Transport Workers (NURTW), Alhaji Musiliu Akinsanya, better known as MC Oluomo, led a high-profile delegation to meet with the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the minister’s office in Abuja on Wednesday, December 11, 2024. The visit, which was announced through a statement … Read more

BREAKING: Nigeria Doesn’t Need Your PR

All Progressives Congress (APC) chieftains, Femi Fani Kayode and Bashir Ahmad, have told the British Conservatives Party leader, Kemi Badenoch, that Nigeria does not need image-making from her. Naija News reported that Vice President Kashim Shettima accused Bednoch of denigrating the country of her origin. In response, a spokesperson to the Conservative leader, quoted by … Read more