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NIMASA commences operation zero tolerance for non-compliance in maritime domain

Gives 30 days ultimatum for stakeholders to regularise operations By Providence Ayanfeoluwa  The Nigerian Maritime Administration and Safety Agency, NIMASA, has commenced special operational enforcement code-named, “Operation Zero Tolerance for Non-Compliance”, in the Nigerian maritime domain. The directive was issued through a Marine Notice, pursuant to the Agency’s statutory mandate under the NIMASA Act 2007, the […]

Bandits kill 6 in Niger, Sokoto communities

No fewer than six persons were killed by bandits at Damala village in Woko district of Borgu Local Government Area of Niger State and Darusa, a border community in Gudu Local Government Area of Sokoto State, weekend.

Dollar to Naira exchange rate today, January 12, 2026

The Nigerian Naira began the second week of January 2025 with continued fluctuations as market participants adjusted to early-year liquidity shifts in both the official and informal currency markets.

Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has declared a second liquidation dividend of N24.3 billion to depositors of the defunct Heritage Bank Limited whose account balances exceeded the statutory insured limit of N5 million as at the date of the bank’s closure. The declaration followed sustained asset recovery efforts by the Corporation […]

Tinubu broke education pact, abandoned students abroad – Atiku alleges

Former Vice President, Atiku Abubakar, has accused the administration of President Bola Tinubu of abandoning Nigerian students studying overseas under the Bilateral Education Agreement, BEA, warning that the alleged breach has left about 1,600 young Nigerians stranded abroad and stripped of support.

Seme Customs records 117% revenue surge, tightens border security

By Providence Ayanfeoluwa   The Nigeria Customs Service, NCS, Seme Area Command, closed 2025 with a record of 117 percent revenue surge, generating a total of N15.6 billion as against N7.2 billion it recorded in 2024. The Command achieved its highest-ever monthly revenue in December 2025 when it generated N3.63 billion.   A statement made available by the […]

Banks slash loans to manufacturers, traders by N2.1trn

Loans to five sectors drop 17.5% to N16.43trn in 6mth By Babajide Komolafe At the backdrop of the challenges confronting the manufacturing sector, including  structural bottlenecks, weak consumer demand and high interest rate, banks slashed loans to manufacturers and traders by  N2.1 trillion in the first six months of  2025 to  N10.946 trillion at the end of […]

NGX rally gathers pace as investors coast home with over N3.8trn gain

•As Tinubu urges Nigerians to deepen participation   By Peter Egwuatu  The Nigerian equities market extended its upward movement last week, posting another strong close as investors garnered N3.837 trillion gain from their investment. Analysts attributed the gain to sustained confidence and resilience of the market.   The trading was characterised by sustained buying interest, sector rotation and […]

Go for gold, Diaspora community charges Super Eagles

By Femi Bolaji JALINGO — The Nigerian Community in Turkey has urged the Super Eagles to “Go for Gold” following their 2-0 victory over Algeria in the African Cup of Nations quarterfinals. President of the group, Prince Magbo, commended the team for their display of skill and professionalism on the pitch. He noted that the […]

LASU hosts international conference on community psychology

…VC assures on excellent hosting By Adesina Wahab Lagos State University, LASU, Ojo, is set to host the 11th international conference of community psychology, ICCP, slated for August 28 to September 7, this year.Briefing the press on Monday, the Vice Of Chancellor, Prof. Ibiyemi Olatunji-Bello, who is also the Chairperson of the Local Organising Committee, […]

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