Written by By Omolara Ojugbele, Ayomide Kasali & Olaoluwa Olaleye The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its directive to banks to resolve customers’ complaints within two weeks, warning that unresolved cases after the deadline can be escalated directly to the Corporation for intervention. The move, according to the NDIC, is part of its renewed commitment to … Continue reading “NDIC reaffirms 2wks deadline for banks to resolve customers’ complaint”
The Benue State House of Assembly on Tuesday suspended two of its former leaders Mr. Saater Tiseer (APC, Mbagwa), a former Majority Leader, and Mr. Michael Audu (PDP, Adoka-Ugboju), a former Minority Leader over allegations of gross misconduct. The decision followed a motion moved by the current Majority Leader, Mr. Thomas Dugeri (APC, Kwande West), […]
By Victor Ahiuma-Young & Abel Daniel Panic has gripped the Federal Civil Service following the abduction of six Directors of the Federal Ministry of Defence by gunmen along the Kabba-Lokoja highway. This came as no fewer than three Migil youths have been killed by bandits despite the state government’s threat to deal decisively with perpetrators. … Continue reading “Panic as bandits abduct 6 Defence Ministry directors, kill 3 youths in Nasarawa”
Nigeria’s preparations for Thursday’s crucial 2026 FIFA World Cup playoff against Gabon suffered a major setback on Tuesday as the Super Eagles players and officials boycotted training in Rabat over unpaid allowances and bonuses. According to veteran BBC journalist Oluwashina Okeleji, the entire squad, including backroom staff, refused to train due to long-standing financial grievances […]
Nigeria’s digital infrastructure took a significant step forward with the commissioning of Africa’s largest fibre optic cable factory and the continent’s first fibre-reinforced plastic (FRP) manufacturing facility. Industry experts say the plant, built by Coleman Technical Industries Limited (CTIL) in Sagamu, Ogun State, is a strategic asset for national development. Commissioned by President Bola Ahmed Tinubu, … Continue reading “Nigeria unveils Africa’s largest fibre optics factory with local funding”
•As MOFI Real Estate Investment Fund Lists on NGX By Peter Egwuatu The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has assured investors that the Federal Government will revisit provisions on Capital Gains Tax (CGT) in the new tax reform framework to ensure a fair and investor-friendly outcome. Edun made this … Continue reading “Edun pledges review of capital gains tax to boost investor confidence”
*Avoid Stunts with Soldiers, Shehu Sani Warns Wike Osita Chidoka, a lawyer, former Minister of Aviation, and ex-Corps Marshal of the Federal Road Safety Corps, has condemned Federal Capital Territory Minister Nyesom Wike’s recent confrontation with a military officer at a disputed construction site in Abuja. Chidoka described the incident as a “fundamental misstep” that […]
LAGOS — The naira traded slightly weaker in both official and parallel markets on Wednesday, November 12, 2025, with the Daily Nigerian Foreign Exchange Market (NFEM/NAFEM) fixing around ₦1,437 per US dollar while Lagos parallel-market dealers quoted the dollar near ₦1,455–₦1,465. The official NFEM rate — the Central Bank of Nigeria’s volume-weighted benchmark used for … Continue reading “Dollar to Naira exchange rate today, November 12, 2025”
It’s possible that history will not remember Patrick Dumont as anything other than as the guy who married billionaire Miriam Adelson’s daughter. The Dallas Mavericks’ governor did what sports fans typically want out of their owners: he stayed out the way and trusted his executives to make the best decision for his team. Unfortunately for … Continue reading “Nico Harrison fired as Mavs GM, but his legacy will live forever”
By Babajide Komolafe, Economy Editor The Central Bank of Nigeria (CBN) has disclosed that the capital adequacy ratio (CAR) of the banking industry declined to 12 per cent in July 2025, following the withdrawal of regulatory forbearance earlier granted to banks. Capital adequacy ratio measures the financial soundness and shock-absorbing capacity of banks by comparing their capital … Continue reading “Banks’ Capital Adequacy drops to 12% after forbearance withdrawal — CBN”