The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks in a fresh regulatory enforcement aimed at strengthening the country’s financial system and ensuring strict compliance with banking laws. The Apex Bank announced the decision in a statement issued on Wednesday July 1 by its Acting Director of Corporate Communications,…
Nigeria’s First Lady, Oluremi Tinubu, has defended her recent advice encouraging low-income Nigerians to venture into small-scale businesses such as frying akara, roasting corn and producing kuli-kuli, insisting that thousands of petty traders have benefited from the Federal Government’s empowerment initiatives. Global Mirror News reports that the First Lady made the clarification during an official…
Governor Dapo Abiodun of Ogun State has dismissed claims linking his administration to the relocation of the Dangote Refinery project from Ogun State to Lagos, maintaining that the decision was made before he assumed office and insisting that he made efforts to retain the multi-billion-dollar investment in the State. The Governor also reaffirmed his administration’s…
Muslims across Nigeria are observing the 2026 Eid-el-Kabir (Sallah) today amid widespread complaints over the high cost of rams, which has significantly dampened celebrations in many households. Eid-el-Kabir, also known as Salah, is a major Islamic festival marked by the slaughter of rams in remembrance of Prophet Ibrahim’s obedience to Allah. The day is traditionally…
