News

The abrupt collapse of one of Nigeria’s foremost commercial banks, Afribank Nigeria Plc, is not unconnected to mismanagement, crime and alleged fraud. The French investors’ bank was established in 1959 and operated as commercial bank, real estate, and insurance broker. It had over 250 branches nationwide and rated in Nigeria’s …

Scene of the building collapse (Photo: Dennis Naku) Three people are presumed dead and others are missing after a building under construction caved in along Isi Ewu Road in Nbodo Community, Ikwerre Local Government Area, Rivers State. Olufemi Ayodele, Public Relations Officer of the NSCDC, Rivers State Command, confirmed the …

Governor Seyi Makinde of Oyo State Governor Seyi Makinde has suspended his campaign activities until further notice over unending fuel and new naira-note crisis in the state. Makinde, whose campaign trail had visited some parts of the state, announced the suspension of his campaign activities at the flag off of …

New N1,000, N500 and N200 Notes Issued By the Central Bank Of Nigeria The All Progressives Congress (APC) governors on Friday appealed to President Muhammadu Buhari to allow both the old and new naira notes to co-exist as the new notes have been insufficient. The governors made the plea in …

University Of Benin The management of the University of Benin (UNIBEN) has reacted to a violent incident involving students of the institution and Nigerian soldiers. On Thursday, some soldiers attached to the Army Supply and Transport (S & T) Barracks, Ugbowo, Benin City, clashed with some students while attempting to …

…says queues at ATMs will disappear soon The Central Bank of Nigeria (CBN), has directed deposit money banks to pay a maximum of N20,000 of new naira notes per day over the counter (OTC), to each bank customer, just as it vowed to go after those selling and abusing the …

Rotimi Akeredolu, governor of Ondo, has asked the federal government to allow states to fix the salaries and allowances of their public officials. Akeredolu spoke on Wednesday at the zonal public hearing on the review of the 2008 remuneration package for political, public, and judicial office holders organised by the …

Ademola Adeleke, Osun State governor Osun State governor, Ademola Adeleke, has ordered the payment of backlogs of salaries owed civil servants and emoluments of pensioners in the state. The payment was disclosed in a memo dated January 31, 2023, signed by K.N Akintola for the Osun Head of Service. The …

The Court of Appeal in Abuja has set aside the judgment of a lower court barring the Economic and Financial Crimes Commission (EFCC) from initiating either civil or criminal proceedings against Jonah Oguniyi Otunla, former Accountant General of the Federation, A three-member panel of the Court of Appeal, in a …

Redesigned naira notes The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has arrested one Oluwadarasimi Emma, a serial entrepreneur, selling the new naira notes on social media. Azuka Ogugua, ICPC spokesperson, in a statement issued on Wednesday night, said Emma colluded with “key elements” in the …