The World Bank has commended the transformation recorded in Lagos State over the last five years, and praised Governor Babajide Sanwo-Olu for a job well done. The multilateral institution said the state had not only been implementing programmes targeted at improving the quality of life of residents, but had also progressed in upgrading infrastructure to

Chairman of the United Bank for Africa (UBA), Tony Elumelu,  has identified regulatory and compliance costs as major challenges stifling the growth and innovation of the banking sector. Speaking at the Chartered Institute of Bankers of Nigeria (CIBN) 17th annual banking and finance conference in Abuja, Elumelu emphasised the crucial role of the banking sector

In a coordinated move, the United States, United Kingdom, France, and Germany have imposed fresh sanctions on Iran, accusing the country of supplying ballistic missiles to Russia for use in its ongoing war in Ukraine.  The new measures include restrictions on Iran Air’s operations in the UK and Europe, as well as travel bans and

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo SAN CON, has underscored the country’s dedication to fostering sustainable and innovative aviation solutions during his participation at the International Civil Aviation Organisation’s (ICAO) inaugural Advanced Air Mobility (AAM) Symposium. The event, running over three days, is themed “Advanced Air Mobility (AAM) Global Harmonisation and Interoperability:

President Bola Tinubu on Tuesday, reiterated that though painful in the short term, the removal of fuel subsidy was designed to free up budgetary resources for critical investments in infrastructure and social services. The President also disclosed that his administration has taken courageous steps to reform Nigeria’s macroeconomic environment, with a focus on restoring confidence

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has secured an order from the Federal High Court to freeze N548.6 million in bank accounts belonging to suspected crypto users on platforms like ByBit, KuCoin, and others, based on their alleged role in naira fluctuations. The motion, dated September 3, 2024, which the court

The Nigerian Drugs Law Enforcement Agency (NDLEA) commander in Kano State, Abubakar Ahmad, has noted that 20 aspirants for the upcoming local government election in the state all tested positive for drugs. It was alleged that the persons are from the ruling New Nigeria People’s Party. Ahmad confirmed this in a conversation with Daily Trust. They were stated to have tested positive for substances including opioids (codeine), THC (the active ingredient in cannabis), benzodiazepines, and nicotine. “So far, 20 aspirants presented to us by the ruling party (NNPP) in the state have tested positive for multiple drugs, and the exercise is ongoing,” Ahmad stated. Ahmad also noted that some of the drugs found are related to tobacco. “It is left for the electoral commission to decide if tobacco is a drug or not because it is something you find even in kola nut.” No female aspirants have tested positive so far. The drug tests are part of the screening process ahead of the NNPP’s submission of its candidate list to the Kano State Independent Electoral Commission (KANSIEC), which will verify all candidates before the October 26 election. These elections will fill 44 chairmanship and 484 councillorship seats across Kano’s local governments. It would be recalled that in 2018, the state government approved compulsory drug test for political appointees, civil servants and students seeking admission into the tertiary institutions.

The President Bola Tinubu-led Nigerian government has denied allegations of human rights abuses levelled against it by the United Kingdom Trade Union Congress (TUC) following the arrest of Joe Ajaero, President of the Nigeria Labour Congress (NLC). The Nigerian government in  a statement by presidential aide, Bayo Onanuga, said no individual, including the NLC president, is

Augustine Eguavoen has announced his decision to step down as the interim coach of the Nigerian national football team, Super Eagles. Eguavoen announced this on Tuesday immediately after he led the team to a convincing draw in a match against Rwanda, OwnGoal reports. The indigenous coach was appointed as interim coach a few days ago

A former Assistant Director of the Department of State Services, Dennis Amachree, has stated that the President of the Nigeria Labour Congress, Joe Ajaero, is being investigated for suspected terrorism financing and related crimes and, therefore, should not be permitted to leave Nigeria. Recall that Ajaero was arrested by the Department of State Services on