Mathew Verghis Takes Over as World Bank Country Director in Nigeria

The World Bank has named Mathew Verghis as its new Country Director for Nigeria. Verghis, an Indian economist with over two decades of global development experience, officially resumed the role on 1st July, taking over from Ndiame Diop, who has moved on to a new assignment within the organisation. In a statement issued on Friday, the World Bank described Verghis as a seasoned expert in economic policy, with a long track record of leadership across...

9mobile to Roll Out National Roaming Services on MTN Network

9mobile is set to resume widespread service across the country by the end of July following a national roaming agreement with MTN Nigeria. The agreement, which has received the approval of the Nigerian Communications Commission (NCC), was formally announced on Wednesday in Lagos. Under the three-year agreement, 9mobile subscribers will be able to access MTN’s extensive radio access network across Nigeria, effectively extending 9mobile’s coverage to areas previously underserved. The arrangement is expected to take...

UBA, Wema Bank Resume International Transactions on Naira Cards

Two Nigerian commercial banks—United Bank for Africa (UBA) and Wema Bank—have announced the resumption of international transactions on their naira debit cards. In separate statements issued to their customers, both banks confirmed that their naira cards can now be used for payments on international platforms, including for online purchases, point of sale (POS), and Automated Teller Machine (ATM) transactions. UBA, in its announcement, noted that the development aligns with its commitment to improving the banking...

NAFDAC Shutdown Illegal Skin-Bleaching Shops In Kano

A network of shops selling unapproved skin-bleaching creams at Sabon Gari, Kano has been shut down by the National Agency for Food, Drug Administration and Control (NAFDAC) on Tuesday. The crackdown followed weeks of surveillance triggered by public complaints on social media. Already, six people have been arrested in connection with the illegal sales. NAFDAC’s Kano State Coordinator, Mr. Kasim Ibrahim, while speaking to Journalists said that the crackdown came after the agency received disturbing...

Businessman Writes an Open Letter to Soludo over Unpaid Supplied Gadgets

A businessman and the convener of the Active Citizens’ Movement, Mr. Chidi Kanu, had written an open letter to Anambra State Governor, Prof. Charles Soludo, to demand payment for the supplies he made many years ago, which are still unpaid for. Mr. Chidi Kanu said he was the originator of Governor Soludo’s one-youth, two-skills programme, being coordinated by the Ministry of Youth. In the open letter entitled, “Governor Soludo, I delivered a Vision that Empowered...

Olufemi Soneye Steps Down as NNPCL Spokesperson

Olufemi Soneye has announced his resignation as the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL). Soneye, who held the post for nearly two years, broke the news in a heartfelt Facebook post on Saturday, where he explained that it was time to step back and give more attention to his personal life. “I wish to inform you that I have stepped aside from my role as Chief Corporate Communications Officer...

Nigeria’s Exports Increase By 7.42% In Q1, Driving Trade Surplus – NBS

The National Bureau of Statistics (NBS) has confirmed on Wednesday, that Nigeria recorded a trade surplus in the first quarter of 2025, driven by strong export performance and a decline in imports, with overall merchandise trade valued at ₦36,024.66 billion. The figure, according to NBS, represents a 6.19% increase compared to ₦33,925.72 billion recorded in the same period of 2024, but a 1.58% decrease from ₦36,604.83 billion in the previous quarter. According to the NBS,...

2nd Anniversary: Buratai Commends Tinubu’s Economic Policies

Former Chief of Army Staff (COAS), Lt Gen TY Buratai (rtd), has commended the economic policies of President Bola Tinubu while assessing his two years in office. Buratai, who spoke at the Timelineng lecture titled “Importance of the media in information gathering, stated that in the face of security challenges, the achievements of President Bola Tinubu and others barriers held in Lagos yesterday, said that the administration of President Tinubu has done well, given the...

CREDICORP Commences Nationwide Cultural Reorientation Campaign In Kano

The Nigerian Consumer Credit Corporation (CREDICORP) has kicked off nationwide Cultural Reorientation Programme, with a landmark market activation event held on Wednesday at the Sani Abacha Stadium in Kano. CREDICORP, which was established under the Renewed Hope Agenda of President Bola Ahmed Tinubu, is a national institution working to democratise access to consumer credit for hardworking Nigerians. The Corporation enables Nigerians to acquire essential goods and services, such as locally assembled vehicles, solar solutions, and...

Otedola Backs Tinubu’s Reforms,  Raises First HoldCo Investment to ₦320 Billion

Renowned businessman and Chairman of First HoldCo Plc, Femi Otedola, has revealed plans to increase his personal investment in the financial institution to over ₦320 billion, all in cash and with no loans involved. He made this known at the company’s 13th Annual General Meeting held in Lagos, where shareholders gathered to hear updates on the bank’s progress and future direction. In his remarks, Otedola was full of praise for President Bola Tinubu’s economic reforms,...

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