MIPAD 2025: Ebuka, Bovi, Juliet Ibrahim, others, emerge winners[Full List]
The 2025 edition of the Most Influential People of African Descent (MIPAD) awards has recognized a new batch of outstanding Africans making significant impact globally. The winners include prominent media personalities, actors, and entrepreneurs such as Ebuka Obi-Uchendu, Bovi Ugboma, Juliet Ibrahim, and several others. The annual awards celebrate Africans who inspire positive change across […]
CBN orders banks to introduce multi-factor authentication for foreign card transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to implement multi-factor authentication (MFA) for all foreign card transactions. This move is aimed at boosting security and reducing fraud associated with international card usage. According to the CBN, the measure will require customers to provide additional verification, such as one-time […]
Naira records highest depreciation against US dollar as foreign reserves decline
The Nigerian naira has recorded its highest depreciation against the United States dollar, raising fresh concerns about the country’s economic stability. The sharp fall is coming at a time when Nigeria’s foreign reserves are declining, limiting the Central Bank’s ability to defend the local currency in the foreign exchange market. Market watchers say the drop […]
Otedola expands stake in FirstHoldCo with additional N14.8bn share purchase
Nigerian billionaire investor, Femi Otedola, has increased his stake in FirstHoldCo Plc following an additional share purchase valued at ₦14.8 billion. The move further strengthens his position as one of the most influential shareholders in the financial holding company, which oversees First Bank of Nigeria and other subsidiaries. Market filings show that the latest transaction […]
Mahdi Shehu goes hard on new tax law
Mahdi Shehu, a well-known public affairs analyst, has strongly criticised Nigeria’s newly introduced tax law, describing it as harmful to ordinary citizens and small businesses. According to him, the law places more financial pressure on people who are already struggling with the high cost of living. Shehu warned that poorly designed tax policies could worsen […]
New tax laws: ‘Impeachable offence’ – Nigerians react as lawmaker, Dasuki alleges alteration
Strong reactions have followed the passage of Nigeria’s new tax laws after a lawmaker, Dasuki, alleged that key parts of the bills were altered. The claim has triggered public anger, with many Nigerians questioning the transparency of the legislative process. Social media platforms were flooded with criticisms, as citizens demanded clarity on how the final […]
Dangote vs Farouk: CSO storm ICPC, EFCC Abuja offices, demand swift action
A civil society organization (CSO) has staged a protest at the offices of the Independent Corrupt Practices Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) in Abuja. The group demanded immediate action regarding allegations involving Dangote and Farouk. The demonstrators carried placards and chanted slogans calling for transparency, accountability, and justice. They urged […]
Ship calls at Nigerian ports jump to 8.5% as cargo hits 33.5m MT in Q3
Ship traffic at Nigerian ports recorded a notable increase in the third quarter, with vessel calls rising by 8.5 percent. During the same period, total cargo handled across the ports reached about 33.5 million metric tonnes, showing steady growth in maritime activities and trade flow. Industry data indicates that the rise in ship calls reflects […]
Borrow responsibly – Debt Management Office instructs states
The Debt Management Office (DMO) has urged Nigerian states to borrow responsibly and ensure that loans are tied to clear development goals. The agency warned that unchecked borrowing could put pressure on state finances and limit the ability to fund essential services. According to the DMO, loans should only be taken when absolutely necessary and […]
Fuel price cut: ‘We will meet in market’ – Dangote reveals move to frustrate importers
Aliko Dangote, Nigeria’s business magnate, has revealed plans to counter fuel importers following the recent reduction in fuel prices. He emphasized that local production and competition would be key strategies to frustrate importers’ dominance in the market. Dangote stated that he is ready to meet competitors directly in the marketplace, ensuring that local refiners can […]