License withdrawal allegation
5 Jun 2024
The Central Bank of Nigeria (CBN) has dismissed a report circulating that it plans to revoke the licences of additional banks, following its recent regulatory action against Heritage Bank Plc. Online reports had claimed the apex bank would terminate the licences of Unity, Polaris, and Keystone banks. However, CBN, in a statement on Tuesday through…
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6 mins ago
The $150 million investment in the battery manufacturing plant situated in Nasarawa State will enhance economic growth in the country. The Coalition of Civil Society Groups on Efficiency in Governance, led by Empowerment for Unemployed Youth Initiative (EUYI), at a press conference on Tuesday in Abuja, applauded the National Agency for Science and Engineering Infrastructure…
12 mins ago
The Governor of Lagos State, Babajide Sanwo-Olu, has approved the release of 52 inmates from various correctional facilities across the state and the commutation of six death row inmates to life imprisonment. According to a statement signed by the State Attorney-General and Commissioner for Justice, Mr. Lawal Pedro (SAN), Sanwo-Olu gave the approval following recommendations…
12 mins ago
Nigerian singer Portable has expressed displeasure over comparisons between himself and fellow artist Asake. Portable made this known on January 14, 2024, through his Instagram page, stating that he looks more like Lil Wayne than Asake. Recently, Asake unveiled new facial tattoos, including dollar signs and the word "Believe," which led some fans to draw…
17 mins ago
The Human Rights Writers Association of Nigeria (HURIWA) has called on the armed forces to intensify counter-terrorism efforts and decisively dismantle the operations of Boko Haram and the Islamic State West Africa Province (ISWAP). In a statement signed by its National Coordinator, Comrade Emmanuel Onwubiko, on Tuesday, the civil society group also demanded an immediate…
21 mins ago
Minister of State for Defence, Bello Matawalle, has told lawmakers that the proposed N50 billion budget for the ministry in 2025 is grossly inadequate to address the country's security challenges. He noted that the current security situation in Nigeria requires more funding and a more comprehensive approach. This comes as the House of Representatives Committee…
23 mins ago
The newly elected Speaker of the Lagos State House of Assembly, Mojisola Meranda, has received the blessings of the Governor’s Advisory Council (GAC), the apex decision-making body of the All Progressives Congress (APC) in Lagos State. Meranda, who represents Apapa Constituency 01, met with members of the GAC on Tuesday, a day after she was…
24 mins ago
A former lawmaker and chieftain of the All Progressives Congress (APC), Senator Peter Nwaoboshi, has urged President Bola Ahmed Tinubu to heed Northern leaders' concerns about the proposed tax reform bills. In an interview with reporters, Senator Nwaoboshi, ex-Delta PDP Chairman, stressed the importance of inclusivity and transparency in implementing these far-reaching economic policies. Nwaoboshi…
25 mins ago
The Federal Government on Tuesday said it has started taking delivery of 2,000 tractors ordered from Belarus for distribution to farmers across the country. It also said that the government has started plans for the reorganisation and recapitalisation of the Bank of Agriculture, which it said would be concluded before the end of the first…
42 mins ago
Two Catholic Reverend Sisters, Vincentia Nwankwo and Grace Okoli abducted in Anambra have regained their freedom after six days in captivity. The Sister of the Immaculate Heart of Mary, Onitsha confirmed their release in a Statement signed by Sr Sabina Mary Ikeotuonye, the Secretary of the congregation. Sr. Vincentia Maria is the Principal of Archbishop…
45 mins ago
The African Nations Championship (CHAN), due to kick off in Kenya, Uganda and Tanzania in February, was postponed to August because stadiums were not ready, the organisers said Tuesday. The Confederation of African Football (CAF) said there had been "good progress" on building and upgrading facilities, but that "more time was required". Considered the number…