Regulatory bottlenecks hampering fintech sector growth, says CBN
The Central Bank of Nigeria (CBN) says regulatory bottlenecks, including unclear compliance requirements and licence approval delays, are hampering growth in Nigeria’s financial technology (fintech) sector. The concerns are contained…
State govts now to share payment of electricity subsidy — FG
State governments are now to bear the cost of electricity subsidy, along with the Federal Government, President Bola Tinubu, has directed. According to Vanguard, that funding for payment of the…
Nigerian businessman hires lobbying firm for $720,000 to ‘strengthen US-Nigeria bilateral relationship’
Matthew Tonlagha, vice-chairman of Tantita Security Services, has hired a Washington-based lobbying firm for the “purpose of strengthening the bilateral relationship” between the United States and Nigeria. Tonlagha, through his…
NLC, TUC reach truce with Wike, asks FCTA employees to resume work
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have directed members on the payroll of the Federal Capital Territory Administration (FCTA) to resume work immediately. The decision…
Nigerian man killed fighting for Russia in Ukraine
Reports have emerged that a Nigerian national was killed while fighting on the battlefield for Russian forces against Ukraine. The news was confirmed on Monday by journalist Jaafar Jaafar…
South Africa restores power at Nigerian High Commission after debt payment
Electricity has been restored to the Nigerian High Commission in Pretoria, South Africa, after the diplomatic mission settled outstanding municipal service debts, the City of Tshwane announced. The power…
Only foreign firms have capacity to work in offshore exploration – Minister
Heineken Lokpobiri, minister of state for petroleum resources (oil), says local companies cannot do any work in offshore exploration. Lokpobiri said only foreign firms have the exclusive capacity. The…
FAAN to shut down MMIA Terminal 1 for rehabilitation in March
The Federal Airports Authority of Nigeria (FAAN) has announced plans to shut down terminal one at Murtala Muhammed International Airport (MMIA) in Lagos for infrastructure upgrades. The FAAN said the…
Full list: Aso Villa electrician, driver, police inspector among 40 detained over coup plot
Nigerian security agencies have concluded investigations into an alleged plot to violently overthrow President Bola Tinubu’s administration, formally identifying 40 suspects drawn from the armed forces, the police and…
Tinubu hails Grammy award for Fela
President Bola Tinubu has hailed the global recognition bestowed on the legendary musician and cultural icon, Fela Anikulapo Kuti, following his posthumous conferment of the Grammy Lifetime Achievement Award by…
