By Elizabeth Adegbesan   The Central Bank of Nigeria, CBN, in a bid to encourage financial institutions’ adoption of emerging technologies that enhances detection and reporting of suspicious transactions in real time,  has rolled out a draft  ‘Baseline Standards for Automated Anti Money Laundering’, AML, solutions. This is contained in its letter signed by the Director, Banking […]

By Yinka Kolawole & Obas Esiedesa Dangote Refinery has slashed the pump price of premium motor spirit (PMS), also known as petrol, by N15 per litre. In a statement, yesterday, the company said that as a result of the reduction, Nigerians can now purchase the product at N875 per litre in Lagos instead of N890; N885 […]

By Elizabeth Adegbesan   Nigeria’s foreign trade through Letters of Credit   (LC) grew by 4.4 percent year-on-year, YoY, to $269.83   million in the first four months of 2025 (4m’25) from $258.46 million in 4m’24. The Central Bank of Nigeria, CBN,    disclosed this in its International Payments data.   LC is a bank document guarantying payment for imports […]

By Adeojo Kunle In a significant career move, Nigerian music star Balogun Afolabi Oluwaloseyi, popularly known as Seyi Vibez, has officially partnered with global music distribution and record label giant EMPIRE. The announcement was accompanied by the release of a brand-new single titled “Pressure”, marking a sonic evolution for the artist who has made a […]

By Ayo Onikoyi Adeyemi Federal University of Education (AFUE), Ondo, on Friday conferred its prestigious Doctor of Letters (D.Litt.) honorary degree on globally renowned African historian and intellectual, Professor Toyin Falola, during its 35th Convocation Ceremony. The event, held at the university’s main centre, drew members of the academic community, traditional rulers, public officials, and […]

In a significant political realignment ahead of the 2027 general elections, more than 800 members of the All Progressives Congress (APC), Peoples Democratic Party (PDP), and Action Democratic Party (ADP) have officially defected to the New Nigeria People’s Party (NNPP) in Ijebu-Igbo, Ijebu North Local Government Area of Ogun State. The defection ceremony took place […]

By Ebunoluwa Sessou For women in coastal communities, doing business could be more frustrating, annoying and challenging. Especially when the impact of ocean surge and environmental degradation in Lagos coastal communities make it more difficult for the women to support their families in any way possible. In some of the communities, including Makoko, Ijora and […]

Nigeria and Germany have pledged to strengthen bilateral cooperation in energy, trade, and migration following high-level talks in Berlin between Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Maitama Tuggar, and his German counterpart, Minister Johann Wadephul.

By Adeola Badru The Oyo State Police Command has said the absence of testimony from a key witness in the killing of 14-year-old Kehinde Alade is delaying the completion of its comprehensive report. Kehinde was tragically shot by a stray bullet fired by a police officer in the Gbagi-Alakia area of Egbeda Local Government Area, […]

By Johnbosco Agbakwuru You are a founding member of the People’s Democratic Party. What is happening to your party now? What is happening in the party started even early in 1998 with my winning of the governorship ticket in Anambra and it was cancelled by the appeal panel. When the party started deviating from its […]