Korede Abdullah in Lagos As President Bola Ahmed Tinubu marks the second anniversary of his administration’s sweeping and controversial economic reforms—chief among them the abrupt removal of fuel subsidies and the far-reaching devaluation of the naira—many Nigerians, especially civil servants, in Lagos who spoke with our correspondent, are taking stock of a turbulent year. Their…
The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, May 28, 2025, arraigned one Oluwaseyi Hevleen Johnson before Justice D.I. Dipeolu of the Federal High Court sitting in Lagos. Johnson alongside her company, XY Connects Global Investments Limited, is facing a two-count charge bordering on operating collective investment schemes…
Olayemi Cardoso, Governor of the Central Bank of Nigeria, was named Central Bank Governor of the Year at the 2025 African Banker Awards Gala, held on Wednesday, May 28, 2025, in Abidjan, Côte d’Ivoire. The award, presented by African Banker magazine, recognizes Cardoso’s “bold and strategic” leadership in steering monetary and regulatory reforms that have…
Korede Abdullah in Lagos The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to enact the Nigeria First Policy into law to bolster the country’s manufacturing sector. Speaking at the 2025 BusinessDay Manufacturing Conference in Lagos on Thursday, MAN Director-General, Segun Ajayi-Kadir, emphasized the urgency of gazetting the policy to ensure it is…
Hussaini Kafi in Kano As President Bola Ahmed Tinubu’s administration marks two years in office, residents of Kano State have expressed growing concerns over worsening economic conditions, rising insecurity across the North, and the controversial relocation of key federal agencies from Abuja to Lagos. A cross section of the Kano residents interviewed by the Africa…
The National Agency for Food and Drug Administration and Control (NAFDAC) has come out strongly against allegations of corruption surrounding its recent enforcement activities at the Onitsha Bridge Head Market, blaming social media influencer “Very Dark Man” for allegedly spreading misinformation and inciting public distrust. In a statement NAFDAC Director General, Prof. Mojisola Adeyeye, dismissed…
The Federal Capital Territory Administration (FCTA) has sealed the Access Bank building located at Wuse Market in Abuja over non-payment of ground rent spanning 34 years. The Senior Special Adviser on Public Communications and Social Media to the FCT Minister, Nyesom Wike, Mr. Lere Olayinka, disclosed this development on Monday via a public statement. “The…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has been conferred an Honorary Award at the maiden Nairametrics Capital Market Choice Awards, held in Lagos on May 23, 2025. Presenting the Honorary Award to Mr. Cardoso, the Founder/CEO Nairametrics, Mr. Ugo Obi-Chukwu, said the award was in recognition of Cardoso’s transformative…
…Services Intercepts 65 Stolen Vehicles, others The Royal Canadian Mounted Police (RCMP) International Special Services has commended the Nigeria Customs Service (NCS) for its unwavering commitment to safeguarding borders and disrupting transnational organised crime through strategic partnerships and intelligence-driven operations. This recognition follows the recent recovery of 12 luxury vehicles by the RCMP Liaison Office…
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria, CBN. SERAP’s action was necessitated by what it described as “over the failure to disclose the details of any direct payments to the 774 local government councils in Nigeria including the amounts sent to each council.” This was contained…
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