Category archives: News

The Central Bank of Nigeria (CBN) has announced plans to reintroduce the controversial Cybersecurity Levy on electronic transactions, as part of its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for 2024-2025. The levy, initially introduced in May 2024, faced backlash due to the financial burden it placed on Nigerians. In the revised guidelines, the […]

A Federal High Court in Abuja has scheduled September 23, 2024, to deliver its judgment on a suit challenging Dr. Abdullahi Ganduje’s position as the National Chairman of the All Progressives Congress (APC). Originally set for judgment on September 18, the ruling was postponed as the court was not ready. The new date was communicated […]

The EFCC seems to be walking a fine line with the handling of Yahaya Bello’s case. Offering him the option to be interrogated privately in the EFCC office, rather than with the presence of the media, is clearly a strategic move to reduce the political optics of the situation. However, Bello’s insistence on being questioned […]

The Nigeria Security and Civil Defence Corps (NSCDC) has assigned 6,433 operatives to ensure the security of the Edo Governorship Election scheduled for Saturday. NSCDC spokesperson, Afolabi Babawale, confirmed the deployment, quoting Commandant General (CG) Dr. Ahmed Audi. Audi urged the personnel to remain neutral and professional during their duties, emphasizing the importance of safeguarding […]

Governor Dauda Lawal of Zamfara State has revealed that both the state and federal governments are fully aware of the identities and locations of the bandits responsible for terrorizing communities in Zamfara and other northern regions. Despite this, no decisive action has been taken to apprehend or eliminate them. Speaking in an interview with Arise […]

The Nigerian Geological Survey Agency (NGSA) has reassured residents of the Federal Capital Territory (FCT) about the recent earth tremors, emphasizing that they pose no significant threat to the environment. Key Points: NGSA’s Commitment: The agency is continuously monitoring seismic activities and will provide updates if needed. NGSA’s seismic stations are under real-time surveillance to […]

The Central Bank of Nigeria (CBN) has announced a reconstitution of the board of directors for Keystone Bank, aimed at driving the bank’s continued growth and stability. New Board Appointments: Executive Directors: Experience of New Board Members: Keystone Bank’s Managing Director and CEO, Hassan Imam, expressed optimism about the new appointments, noting that their extensive […]

In the first half of 2024, 20 Nigerian state governments borrowed a staggering N446.29 billion, driven by declining revenues and mounting debt servicing costs. This borrowing trend underscores the severe financial challenges faced by state administrations. Debt servicing has become a significant burden, consuming 80.7% of the Internally Generated Revenue (IGR) for 29 states in […]

The Federal Government has issued a flood alert to 11 Nigerian states in response to the upcoming release of water from the Lagdo Dam in Cameroon. According to a statement from the Director General of the Nigeria Hydrological Services Agency (NIHSA), Umar Muhammed, controlled water releases from the dam will begin on Tuesday, September 17, […]

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has addressed concerns regarding the Nigerian National Petroleum Company Limited’s (NNPCL) role in setting petrol prices from the Dangote Refinery. NMDPRA clarified that the pricing structure is based on a “willing buyer, willing seller” agreement, following the full deregulation of the petroleum sector under the Petroleum […]