Author: News Room
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, received the 2026 Central Banking Central Bank of the Year Award in London on Wednesday, the apex bank said. Mr Cardoso dedicated the award to the board, management, and staff of the CBN, acknowledging their steadfast commitment to institutional reforms and economic stability. “The award was not a personal achievement but a testament to the collective efforts of the CBN, particularly the professionals whose dedication, integrity, and expertise have strengthened the Bank and reinforced confidence in Nigeria’s economy,” he said. According to the CBN boss, the bank’s reform agenda…
Abia State Governor, Alex Otti, on Thursday called for unity and reconciliation within the Labour Party, following the conclusion of its nationwide primaries. He warned that internal divisions could undermine the party’s chances ahead of the 2027 general elections. Otti made the appeal at the National Executive Council meeting in Abuja, where the party ratified the outcome of its primaries and confirmed 1,211 candidates for various elective positions, including Dr Chibuzo Okereke as its presidential candidate. Represented by his deputy, Ikechukwu Emetu, the governor said party members must move beyond the contests of the primaries and work together to strengthen…
The Federal Competition and Consumer Protection Commission has shut down a business facility operated by CASCO Electronic Co. Limited at Alaba International Market after receiving a consumer complaint against the electrical materials importing firm regarding the sale of a defective solar battery. Addressing journalists at Alaba International Market on Tuesday, the South-West Zonal Coordinator of FCCPC, Mrs Olubunmi Otti, explained that the exercise followed a complaint by a consumer against the company in 2025. Otti explained that the commission issued a compliance notice to the company, as permitted under Section 150(1) of the Federal Competition and Consumer Protection Act, 2018,…
Chioma Moses stole the show with four goals as Edo Queens hammered Abia Angels 6-2 on match-day three of the ongoing Nigeria Women Football League Super Six in Port Harcourt, Rivers State. The prolific forward opened the scoring as early as the third minute, giving Edo Queens a dream start before Mariam Abdulrasheed levelled for Abia Angels in the 11th minute following a defensive lapse. Moses restored her side’s lead in first-half stoppage time, completing her brace to send Edo Queens into the break with a 2-1 advantage. The Benin-based side took complete control after the restart and extended their…
Nothing is more frustrating than buying a new pair of headphones, an OLED TV, or a laptop just to find out that you could have gotten it for cheaper somewhere else just a few days or weeks later. That’s why, in order to keep customers happy and prevent them from shopping elsewhere, some retailers offer price-matching policies in which they promise to match a lower price found elsewhere. That kind of information comes in handy no matter the time of year, but it’s especially helpful during shopping events like Amazon’s Prime Day 2026 sale, which kicks off June 23rd and…
Citigroup is launching a blockchain-based marketplace for private company shares, looking to give wealthy and institutional investors a new way to gain exposure to pre-IPO firms as Wall Street pushes deeper into tokenized finance.According to The Wall Street Journal, the platform will use tokenized depositary receipts issued by Citi, which represent ownership interests in private companies. The offering will initially be initially available to foreign investors, with US access planned at a later date.The initiative allows investors to invest in private company shares “right next to their Apple stock, Citi digital asset executive Artem Korenyuk told the Journal.Major banks are…
Carolina Panthers head coach Dave Canales underwent a procedure to remove a small spot of cancer from his nose, he revealed at Carolina’s minicamp on Tuesday, June 9. Canales, 45, said that it was a spot of basal cell carcinoma that was discovered during a routine screening two months ago. “It’s a good reminder not to take these things for granted,” Canales told reporters. “It was a basal cell type of skin cancer in a small spot, and they were able to get it off. So I’m really appreciative.” Basal cell carcinoma is a highly curable and common form of…
The federal government on Thursday arraigned five men before the Federal High Court in Abuja over an alleged plot to supply 15 AK-103 rifles and 1,434 rounds of live ammunition to a suspected Boko Haram member operating in Niger State, a hotspot in the Nigerian worsening insecurity in the country. The defendants are Yusuf Muhammad, also known as Bature; Goni Ibrahim Bindi, also known as Goni Mutuwa; Sani Tukur, also known as Danladi; Mubarak Ibrahim; and Musa Alhaji Adamu, also known as Gado Banufe. The firearms They face four charges of terrorism, unlawful possession of firearms and providing support to…
The Central Bank of Nigeria (CBN) has proposed the revision of the regulatory framework governing financial holding companies to bolstering the resilience and stability of the country’s financial system. The regulator disclosed the plan in a circular signed by Rita Sike, the director of its Financial Policy and Regulation Department, on Thursday, inviting stakeholders to send their reviews of the guidelines by 9 July. “Following several years of implementation, the CBN has identified areas within the extant guidelines that require enhancement to strengthen the operational effectiveness and regulatory oversight of financial holding companies,” the statement noted. CBN stated that it…
Co-hosts Mexico began their 2026 FIFA World Cup campaign on a winning note with a 2-0 victory over South Africa in a dramatic opening match on Thursday that produced three red cards and plenty of controversy. A packed Mexico City Stadium witnessed Julián Quiñones score the first goal of the tournament before veteran striker Raúl Jiménez sealed the win in the second half. The result gave Mexico the first three points in Group A and an ideal start to a World Cup they are co-hosting with US and Canada. Mexico took control early and were rewarded in the ninth minute…
