The Central Bank of Nigeria (CBN) set the tone for a significant shift in the country’s banking landscape, proposing a substantial increase in the capital base of Deposit Money Banks (DMBs). Governor Dr. Olayemi Cardoso articulated this at the 58th Annual Dinner of the Chartered Institute of Bankers of Nigeria. The move aims to align…
the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, recently unveiled the monetary policy outlook for the year 2024. This significant revelation took place at the 58th Annual Banker Dinner, a prestigious gathering that brought together key figures in the financial sector. The unveiling, marked by the official hashtag #CardosoSpeaks, shed light…
The Ondo State House of Assembly finds itself in the throes of a divisive political standoff, escalating the already simmering tensions between Governor Rotimi Akeredolu and Deputy Governor Hon Lucky Aiyedatiwa. Out of the 26 lawmakers, reports indicate that 11 have switched allegiance to the embattled deputy governor, precipitating a call for Aiyedatiwa’s installment as…
Ekiti State Government, under the leadership of Governor Biodun Oyebanji, achieved a significant milestone with the inauguration of the first Independent Power Project (IPP) in the state. The groundbreaking initiative is set to revolutionize the energy landscape, providing Ekiti with a reliable source of power through a strategic collaboration with Fenchurch Power Ltd. In a…
In a significant move toward enhancing the quality of education, the Katsina State Universal Basic Education Board (SUBEB) has taken a proactive step by acquiring and distributing nine Hijet Vehicles to Education Secretaries across the state. This strategic initiative aims to fortify the monitoring and supervision of schools, ensuring a more effective and streamlined approach…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has entered into a groundbreaking partnership with Sterling Bank to provide a substantial ₦5 billion in single-digit interest loans to small businesses throughout Nigeria. This initiative aims to bolster the growth of Nigeria’s NSMEs by offering an attractive interest rate of 9%, addressing a critical…
Nigerian Afrobeats sensation, Divine Ikubor, popularly known as Rema, has set the music world ablaze with his hit track ‘Calm Down,’ featuring Selena Gomez, reaching an astounding 1 billion streams on Spotify. This remarkable milestone has earned Rema a prestigious honor from the streaming giant, placing him in an elite category alongside globally recognized artists…
In separate statements, the Peoples Democratic Party (PDP) and the spokesperson of Atiku Abubakar, its defeated Presidential candidate, have launched scathing attacks on the judiciary and President Bola Ahmed Tinubu. The PDP, reeling from recent setbacks at the appeal court, has resorted to desperate measures by blaming President Tinubu for their electoral misfortunes. These accusations…
Former President Olusegun Obasanjo‘s recent statement questioning the effectiveness of Western democracy in Africa has sparked widespread debate. In his assertion, he suggests the need for African intellectuals to collaboratively design an ‘African democracy.’ This prompts a critical examination of whether the issues lie within the framework of Western democracy or if the challenges are…
Today marked a significant event at the Lagos House in Ikeja as His Excellency Babajide Sanwo- Olu, the Governor of Lagos State welcomed the management of Daewoo Engineering and Construction Nigeria Limited, headed by Group Chairman Mr. Jung Won Ju. The meeting provided a platform to reaffirm our commitment to fostering a positive business environment…
