The Central Bank of Nigeria (CBN) has instructed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. According to CBN, a dormant account refers to a bank account that has remained inactive for at least one year. The directive was outlined in … Read more
Abdulrahman Bello, the acclaimed Islamic cleric, who was alleged to have murdered Adefalu Hafsat Yetunde, a final-year student of Kwara State College of Education, has been remanded at the Oke Kura Correctional Centre, Ilorin. Bello, whose no counsel represented at the court, was remanded with other suspects who are Suleiman Muhyideen ‘M’, 28 YRS, Ahmed … Read more
Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing N1 trillion. According to a statement, the landmark accomplishment positions the LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent … Read more
The United States government has announced plans to investigate how past foreign aid allocated to Nigeria and other countries has been utilized. This comes after President Donald Trump’s January 20, 2025, decision to suspend all foreign aid for 90 days, citing concerns about global destabilization and misalignment with American interests. The move follows increasing scrutiny … Read more
The Borno Elders Forum has called on the United States Agency for International Development (USAID) and other non-governmental organizations (NGOs) to leave Borno State and the North-East region, following allegations of misuse of foreign aid. The forum’s Secretary, Dr. Bulama Male Gubio, urged the Nigerian government to allow U.S. President Donald Trump to proceed with … Read more
Despite not providing any hint on when it commenced the implementation of the $750 million World Bank-assisted States Action on Business Enabling Reforms (SABER) Programme-for-Results, the federal government announced on Tuesday that 33 states and the Federal Capital Territory (FCT) had signed the Subsidiary Loan Agreement (SLA) under the programme, with 28 states so far … Read more
The UK’s Financial Conduct Authority (FCA) has issued a warning against Binance, the world’s largest cryptocurrency exchange, prohibiting it from conducting any regulated activities in the country. The regulatory move highlights growing concerns over the risks associated with cryptocurrency investments and the potential for illicit financial activities. The FCA’s ruling specifically targets Binance Markets Limited … Read more
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday announced newpenalties for individuals and businesses found guilty of tampering with or bypassing electricity meters. The revised Order on unauthorised access, meter tampering, and bypass, NERC said, replaces Order No: NERC/REG/41/2017, taking effect from January 22, 2025. NERC said the new order aligned with the Electricity Act … Read more
Africa’s wealthiest individual, Aliko Dangote, has been listed as the 86th richest person in the world, according to the latest Forbes rankings. Naija News learnt that the business mogul’s net worth surged to $23.9 billion, as reported by Forbes on Monday, reflecting a remarkable 85.27% increase—or an additional $11 billion—compared to his $12.9 billion valuation … Read more
The Chief of Defence Staff (CDS), General Christopher Musa has said a total of 786 former terrorists fighters are undergoing Deradicalisation, Rehabilitation, and Reintegration (DRR) programme. Musa said that the programme which is an initiative under the Nigerian Military’s Operation Safe Corridor (OPSC) was established following the mass surrendering of terrorists. Speaking at the OPSC … Read more