Bar loan defaulters from accessing services, CBN tells banks 

The Central Bank of Nigeria (CBN) has issued a stern directive to commercial banks, ordering them to immediately halt the extension of further credit to “large-ticket obligors” who have failed to repay existing loans. This move targets high-value borrowers, both individuals and corporations, whose massive unpaid debts are deemed a systemic risk to the stability … [Read more…]

Gov. Mbah Rejects Claims of High Taxation in Enugu, Says It’s ‘Pathetic Misconception’

Gov. Peter Mbah of Enugu State

…Vows to arrest, prosecute illegal revenue collectors Governor of Enugu State, Dr. Peter Mbah, has rejected the claims of high taxation in the state, describing them as a pathetic misconception promoted by the opposition and beneficiaries of the old order, who manipulated revenue collection to fatten their private pockets. Mbah insisted that his administration had … [Read more…]

FG Deepens Innovation Push, Partners WIPO and Defence Ministry on Technology Development

The Federal Government has reaffirmed its commitment to leveraging intellectual property and scientific innovation as key drivers of economic diversification, technological advancement, and national security. The Minister of Innovation, Science and Technology, Dr. Kingsley Tochukwu Udeh, SAN, stated this in Abuja while receiving a delegation from the World Intellectual Property Organization (WIPO), led by its … [Read more…]

Tambuwal Resigns from PDP, Defects to ADC

Aminu Waziri Tambuwal has resigned his membership of the Peoples Democratic Party (PDP) and joined the African Democratic Congress (ADC). Tambuwal announced the decision in a statement on Wednesday which was shared on his verified X account, saying he had communicated his resignation in writing to his ward chairman. The former Sokoto State governor said … [Read more…]

LPDC Dismisses Complaint Against Deputy Speaker Over Alleged Certificate Discrepancy

The Legal Practitioners Disciplinary Committee (LPDC) has dismissed a complaint filed against the Deputy Speaker of the House of Representatives, Benjamin Kalu, on the ground that no prima facie case was established against him. The LPDC panel held that the allegations bordering on NYSC participation, Nigerian Law School training, and enrolment at the Supreme Court … [Read more…]

Udeh Takes ‘Research to Revenue’ National Plan to First Lady, Targets Youths, Women

…As First Lady Backs Programme The Federal Ministry of Innovation, Science and Technology, says it is exploring shared interests in youth development and women empowerment as a common ground to fast track implementation of the national programme ‘Energize Commercialization Now’, in collaboration with Nigeria’s First Lady, Sen. Oluremi Tinubu. This was made known by the … [Read more…]

Military Reviews Strategy After Terrorist Attacks, as Defence Minister Cautions Terrorist Collaborators

The leadership of the Nigerian Armed Forces has met to review its operational strategies following recent setbacks in various theatres of operation across the country. The high-level meeting was convened by the Minister of Defence and attended by all Service Chiefs and the Chief of Defence Intelligence. Speaking after the meeting, Christopher Musa confirmed that … [Read more…]

Elon Musk Worth $839bn in New Forbes Ranking

Elon Musk is the wealthiest individual ever recorded, worth an estimated $839 billion, Forbes said Tuesday, as a record 3,428 billionaires worldwide saw their combined fortunes surge to an all-time high of $20.1 trillion. Musk topped the Forbes World’s Billionaires list for the second consecutive year after his fortune swelled by roughly $500 billion over … [Read more…]