News

Fresh from their victories at the 9th All Africa Music Awards (AFRIMA) in Lagos, Nigeria, Tanzanian stars Juma Jux and Folex have described the platform as a major driver of global visibility for African creatives, as industry stakeholders met in Dar es Salaam to review the impact of the awards …

BY BLAISE UDUNZE   The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude on March 31, 2026, which is framed as an unavoidable solution to systemic fragility, weak balance sheets, and the demands of a larger, more complex …

The Kano State Police Command says it has arrested three suspects over the alleged purchase of a luxury vehicle using a fake bank transfer alert. The arrests were disclosed in a statement issued by Abdullahi Kiyawa, police spokesperson, on Friday. “Operatives of its Special Intervention Squad apprehended Ibrahim Tijjani, Jamilu …

The Economic and Financial Crimes Commission (EFCC) has charged a commercial bank and four other defendants at the Ikeja Special Offences Court, Lagos over alleged a ₦4.3 billion fraud. The other defendants named in the charge include Muyiwa Akinyemi, Amangbo Stephen, Gesos Global Service Limited, and Fedat Global Limited. When …

The Court of Appeal sitting in Ilorin, Kwara State, on Friday dismissed the appeals of five men convicted over the 2018 Offa bank robbery, upholding their death sentences. PUNCH Online reports that the appellate court, in a unanimous verdict delivered by Justices Ridwan Maiwada Abdullahi, Gabriel Kolawole, and Abdul Dogo, …

Sunday Adeyemo, the Yoruba youth activist known as Sunday Igboho, has declared his willingness to work with the federal government to address the country’s worsening security challenges. Adeyemo made the pledge in a statement issued on Friday after his return to Nigeria following nearly five years outside the country. He …

Getting your Trinity Audio player ready… The Director-General of the National Youth Service Corps, Brigadier General Olakunle Nafiu, has advised corps members to respect local customs, stay committed, be resourceful, and be punctual at primary assignments and urging them to contribute to Nigeria’s socio-economic development. According to a post on …

An EFCC witness has admitted responsibility for the $6.2 million taken from the CBN in the case involving former CBN Governor Emefiele. A witness of Economic and Financial Crimes Commission (EFCC), Bashirudeen Maishanu, on Thursday admitted being responsible for the theft of $6.2 million from Central Bank of Nigeria(CBN), for …

As event costs continue to rise and “Zoom fatigue” drives renewed interest in physical gatherings, London-based startup Zance is challenging event organisers to abandon vanity metrics like attendance numbers and instead measure what truly matters: outcomes. Backed by the Mayor of London’s Amplify Ventures and Foundervine, Zance has launched an …

BY BLAISE UDUNZE Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful and strong amid triumphal headlines. The figures appeared to signal strength, resilience, and superior management as the Tier-1 banks such as Access Bank, Zenith Bank, GTBank, …