The Central Bank of Nigeria (CBN) has revoked the operating licenses of 46 Microfinance Banks (MfBs) with effect from July 1. This is contained in a statement issued by Mrs Hakama Sidi-Ali , the Acting Director, Corporate Communications Department of the apex bank on Wednesday in Abuja. Sidi-Ali said that the action was in accordance…
The Kano State Transport Authority (Kano Line) has recruited 100 casual workers as part of measures to enhance its operations. The Commissioner for Transport, Haruna Isa, made this known on Wednesday in Kano during a capacity-building workshop for its personnel. Isa state the state government is set to implement reforms aimed at repositioning the transportation…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed its commitment to strengthening regulatory certainty through closer engagement with legal professionals and industry stakeholders. Speaking at the authority’s 2026 General Counsel and Legal Advisers Forum in Abuja, the NMDPRA Chief Executive, Malam Rabiu Umar, said collaboration was essential to creating a transparent and…
The President of the Capital Market Academics of Nigeria (CMAN), Prof. Uche Uwaleke, has urged the Central Bank of Nigeria (CBN) not to abandon development finance but channel such interventions through specialised development finance institutions. Uwaleke made the appeal on Monday in Abuja at a World Press Conference organised by CMAN ahead of its second…
Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing the pump prices of Premium Motor Spirit (PMS) and other petroleum products. Lokpobiri, gave the directive at the 2026 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) General Counsel and…
Jaiz Bank Plc says it is targeting the expansion of retail and Small and Medium Enterprises (SMEs) banking penetration for growth in the 2026 financial year. Dr Haruna Musa, the Chief Executive Officer of Jaiz bank, said this while briefing newsmen at the bank’s 14th virtual Annual General Meeting (AGM) in Abuja on Wednesday. Musa…
President Bola Tinubu on Tuesday said Nigeria’s youthful population remains its greatest asset, assuring foreign investors of a tech-savvy workforce ready to compete and thrive in the global economy. Tinubu gave the assurance while receiving a delegation from Mastercard, led by its Global Chief Executive Officer, Michael Miebach, at the State House, Abuja. This is…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will issue and closely monitor import permits to bridge 165,000-metric-tonnes of Liquefied Petroleum Gas (LPG) supply gap in the third quarter of 2026. The Authority Chief Executive, Rabiu Umar, disclosed this on Monday in Abuja during an emergency stakeholders’ meeting on rising LPG prices…
Air Peace Ltd. has confirmed expanded domestic operations for the Summer 2026 season, with increased frequencies and seat capacity. The airline said the move would improve connectivity across key Nigerian routes and meet growing passenger demand during the period. The is contained in a statement by the airline’s spokesperson, Mr Efe Osifo-Whiskey, on Wednesday in…
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says retail cooking gas prices could fall to between N900 and N1,100 per kilogram by end-2026 if the Federal Government implements reforms to boost supply and cut costs. The President of NALPGAM, Mr Edu Inyang, made the projection in an interview with the News Agency of…
