The Central Bank of Nigeria (CBN) has reassured the public that Keystone Bank is stable and fully operational, despite a recent court order for the forfeiture of shares previously held by the bank’s shareholders to the Federal Government of Nigeria. In a statement issued on Friday, CBN’s acting Director of Corporate Communications, Hakama Sidi Ali,…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has renewed calls for deeper backward integration in the telecommunications sector, emphasising the need to localise key supply chains while expanding financial services to benefit ordinary Nigerians. Speaking in Abuja on Wednesday, during a courtesy visit to CBN headquarters by Airtel Africa’s management…
Hussaini Kafi in Kano The Nigerian National Petroleum Company Limited (NNPC Ltd.) has debunked reports of an explosion at the Warri Refining and Petrochemical Company (WRPC), clarifying that ongoing activities at the facility are part of a scheduled maintenance operation. In a statement released on Thursday by Olufemi Soneye, NNPC Ltd.’s Chief Corporate Communications Officer,…
On this Valentine’s Day, the mood in Abuja is mixed, with many residents questioning the significance of the holiday against the backdrop of economic hardships. The removal of the fuel subsidy, soaring living costs, and recent hikes in telecommunications tariffs have left many feeling financially strained. Sultan Rabiu of Africa Health Report (AHR) spoke to…
Korede Abdullah in Lagos The Nigeria Customs Service (NCS) has handed over a massive haul of intercepted arms and ammunition to the National Centre for the Control of Small Arms and Light Weapons (NCCSALW). The handover ceremony, which took place on Thursday, saw the NCS transfer 1,599 assorted arms and 2,298 live cartridges to the…
With less than 24 hours to Valentine’s Day, Nigerians are set to splurge, with nearly 80% of consumers planning to invest in food and perfumes, according to a recent report by SBM Intelligence. The 2025 survey, titled “Love in the Air,” highlights a notable shift in consumer behaviour, emphasising experiences over traditional gifts. The report…
MTN Nigeria’s recent data price hike has sparked widespread backlash, with customers expressing frustration over the sharp increase in costs. The telecommunications giant confirmed the adjustments on its official X (formerly Twitter) account, attributing the move to service improvements. “A price increase has been implemented to enhance our services and serve you better, which is…
Clinical lecturers at Ladoke Akintola University of Technology (LAUTECH) in Ogbomoso have launched an indefinite strike, demanding the payment of their salaries under the Consolidated Medical Salary Structure (CONMESS). The move follows the expiration of a 21-day ultimatum issued to university authorities, which the lecturers say was ignored. In a statement released on Wednesday, the …
The Nigeria Labour Congress (NLC) has issued a stern warning to telecommunications companies over their controversial 50% tariff hike, which took effect yesterday, February 11, 2025. The decision was taken after the NLC’s Central Working Committee (CWC) meeting held in Lokoja to address pressing national issues, including the telecom tariff increase, proposed tax reforms, and…
The Secretary to the Government of the Federation (SGF), Senator George Akume, has announced that Nigerians will now require the National Identification Number (NIN) to access social services and benefit from government palliatives. In a statement released by Head of the Corporate Communications Unit, Dr. Kayode Adegoke, on Tuesday, Senator George Akume highlighted that building…
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