By Obinna Uballa The Central Bank of Nigeria (CBN), has directed all banks, payment service banks and other regulated financial institutions to immediately withdraw any advertisement or promotional material that fails to meet consumer-protection and fair-marketing standards. The order, issued in a circular dated Thursday and signed by Olubunmi Ayodele-Oni for the Director of the…
By Obinna Uballa Energy and public finance experts have expressed strong concerns over the disclosure that the Nigerian National Petroleum Company Limited (NNPC Ltd) incurred a staggering N17.5 trillion on pipeline protection, under-recovery and other energy-security related costs in the 2024 financial year. Many described the figure as “alarming, indefensible, and in urgent need of…
OPEC+ members are expected to stick with their decision to pause oil production increases when the group meets online this Sunday, signaling a cautious approach amid growing signs of oversupply and persistent weakness in prices. Delegates told reporters the meeting is likely to be “straightforward,” with ministers simply reaffirming the policy agreed earlier this month…
By Abiola Olawale Ahead of the 2027 general election, former Kaduna State Governor Nasir El-Rufai has officially joined the African Democratic Congress (ADC). The announcement comes as the opposition coalition adopted ADC as its official political party ahead of the 2027 General Elections. It was gathered that El-Rufai registered with the ADC and picked up…
By Abiola Olawale President Bola Tinubu has officially approved the composition of the Nigerian team for a joint security working group with the United States. The establishment of this US-Nigeria working group follows high-level talks held recently in Washington, D.C., where a Nigerian delegation, led by the National Security Adviser (NSA), Mallam Nuhu Ribadu, met…
By Obinna Uballa Guinea-Bissau’s political crisis deepened on Thursday after the country’s military announced that General Horta Inta-A had been appointed to lead a one-year transitional administration, days after a disputed presidential election threw the nation into turmoil. The announcement, made via state broadcaster TGB, marks the latest twist in an unfolding power struggle that…
By Obinna Uballa Bandits have unleashed another wave of terror in Niger State, abducting 24 people - including a pregnant woman - and mutilating a visually impaired resident during coordinated attacks in the same local government area. The latest incident comes less than a week after terrorists kidnapped 303 schoolchildren from a Catholic school in…
By Abiola Olawale Former President Goodluck Jonathan is safe and has left Guinea-Bissau after being trapped by the political developments in the West African nation. The Federal government of Nigeria confirmed the development. It was also gathered that the former president left alongside members of his delegation, including senior diplomat Ibn Chambas. The spokesperson for…
By Obinna Uballa The House of Representatives has called on the Federal Government to urgently activate all diplomatic channels to ensure the safe return of former President Goodluck Jonathan, who is currently stranded in Guinea-Bissau following a military coup in the West African nation. Jonathan had travelled to Guinea-Bissau as part of a joint African…