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Only 6 banks pay N1.27trn dividends despite huge profits

Only 6 banks pay N1.27trn dividends despite huge profits

Only six of Nigeria's biggest listed banks rewarded shareholders with a combined N1.27 trillion dividend for the 2025 financial year, while five other profitable lenders were barred from making payouts after failing to meet the Central Bank of Nigeria's prudential requirements.
Nigeria’s economy recovering after painful reforms —NRS

Nigeria’s economy recovering after painful reforms —NRS

Super Falcons lose automatic World Cup ticket after 1-0 defeat to Cameroon

Super Falcons lose automatic World Cup ticket after 1-0 defeat to Cameroon

latest news

07:36 am
Tinubu’s reforms, temporary pains, lasting gains — Onanuga

Tinubu’s reforms, temporary pains, lasting gains — Onanuga

“The reforms are yielding many positive signals, which many international organisations have acknowledged”

07:36 am
06:58 am
Dollar to Naira exchange rate today, August 10, 2026

Dollar to Naira exchange rate today, August 10, 2026

The naira opened the new week relatively steady against the United States dollar across both the official Nigerian Foreign Exchange Market and the parallel market, with traders monitoring liquidity conditions and Central Bank interventions.

06:58 am
05:23 am
Nigeria’s economy recovering after painful reforms —NRS

Nigeria’s economy recovering after painful reforms —NRS

The Nigeria Revenue Service, NRS, has said the Nigerian economy is showing strong signs of recovery and accelerated growth following a series of “painful” reforms implemented by President Bola Tinubu.

05:23 am
06:57 am
Ways and Means

Nigeria spent N3.1trn on domestic debt servicing in Q1 – DMO

The Debt Management Office, DMO, has said the federal government spent N3.14 trillion on servicing its domestic debt in the first quarter (Q1) of 2026.

06:57 am
05:05 am
Only 6 banks pay N1.27trn dividends despite huge profits

Only 6 banks pay N1.27trn dividends despite huge profits

Only six of Nigeria’s biggest listed banks rewarded shareholders with a combined N1.27 trillion dividend for the 2025 financial year, while five other profitable lenders were barred from making payouts after failing to meet the Central Bank of Nigeria’s prudential requirements.

05:05 am
06:58 am
How hunger helps bandits get members in North - UN

Bandits demand N500,000 from Benue farmer before harvesting crops

The farmer, whose identity was not disclosed, is a resident of Mbagena Council Ward in Kastina-Ala LGA, where suspected local bandits have allegedly been terrorising residents and imposing ransom demands on members of the community.

06:58 am
05:12 am
NCS uncovers 399 rifles in Tin Can port shipment

NCS uncovers 399 rifles in Tin Can port shipment

Adeniyi said the additional rifle parts recovered include 89 frames, 16 heat shields, 10 trigger pins, three pistons, 25 locking lugs and 80 charging handles.

05:12 am
05:13 am
Super Falcons lose automatic World Cup ticket after 1-0 defeat to Cameroon

Super Falcons lose automatic World Cup ticket after 1-0 defeat to Cameroon

Nigeria’s Super Falcons suffered a narrow 1-0 defeat to Cameroon after Nyadjou’s 19th-minute goal proved decisive in their WAFCON 2026 encounter.

05:13 am
05:34 am
Credit to northern governors for NNSTF, by Suleiman A. Suleiman

Credit to northern governors for NNSTF, by Suleiman A. Suleiman

I have been much surprised that the Northern Nigeria Security Trust Fund (NNSTF), established last month by the Northern States Governors’ Forum (NSGF), has not generated as much public interest and debate as one would have expected for such a consequential policy. I think it should. First of all, the very idea of establishing a security […]

05:34 am
05:57 am
Louis Ogbeifun points oil workers, labour towards tomorrow, by Owei Lakemfa

Louis Ogbeifun points oil workers, labour towards tomorrow, by Owei Lakemfa

Life is in flux and labour in Nigeria is caught in its crosswinds. To navigate the strong currents of change, and produce a compass, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Port Harcourt Zone, turned to the union’s 2003–2005 president, Louis Brown Ogbeifun. They asked the 71-year-old former manager, Employee Relations of […]

05:57 am
Latest News

Politics

Babachir

‘Cheap product’, Babachir Lawal mocks Atiku’s presidential bid

..Slams ADC, threatens legal action over Adamawa candidate substitution By Omeiza Ajayi ABUJA — Former Secretary to the Government of the Federation, SGF, Babachir Lawal, has criticised the presidential candidacy of former Vice President Atiku Abubakar under the African Democratic Congress, ADC, while also faulting the party’s handling of its Adamawa State governorship primary. Lawal […]
It’s a charade – Aggrieved NDC members reject Utomi, Galadima reconciliation committee

It’s a charade – Aggrieved NDC members reject Utomi, Galadima reconciliation committee

Ibadan meeting: Atiku, Obi, Kwankwaso still have opportunity for grand alliance — Ologbondiyan

Ibadan meeting: Atiku, Obi, Kwankwaso still have opportunity for grand alliance — Ologbondiyan

An eyewitness, Kola Adeoti disclosed that the boy was at his mother's shop when he was hit by a stray bullet on his thigh.

Police arrest Osun Commissioner over gunshots at APC rally; Adeleke kicks

‘He has no electoral value’ – Wike mocks Bode George

‘He has no electoral value’ – Wike mocks Bode George

Top Podcasts

ONE VOTE: Will Nigerians vote with their stomachs?

ONE VOTE: Will Nigerians vote with their stomachs?

12:40 pm
Iwoye: Àwọn ọlọ́pàá mú ènìyàn mẹ́ta ní ìlú Jos nítorí ikú Ibrahim ti won fi esun ole kan…

Iwoye: Àwọn ọlọ́pàá mú ènìyàn mẹ́ta ní ìlú Jos nítorí ikú Ibrahim ti won fi esun ole kan…

09:11 am
ONE VOTE: Where are the Senate and House of Reps candidates for 2027?

ONE VOTE: Where are the Senate and House of Reps candidates for 2027?

06:45 pm
Ìwòye: NSCDC gba àwọn akẹ́kọ̀ọ́ ọgọ́jọ sílẹ̀ ní ilé ẹ̀kọ́ gíga ayédèrú; Ilé ẹjọ́ dá ẹjọ́ ikú fún òjíṣẹ́ Ọlọ́run, Ubong Basi, tó pa ọmọ ẹ̀ nítorí àìlera

Ìwòye: NSCDC gba àwọn akẹ́kọ̀ọ́ ọgọ́jọ sílẹ̀ ní ilé ẹ̀kọ́ gíga ayédèrú; Ilé ẹjọ́ dá ẹjọ́ ikú fún òjíṣẹ́ Ọlọ́run, Ubong Basi, tó pa ọmọ ẹ̀ nítorí àìlera

02:49 am
BBNaija contestants who fail to plan for life after show will fall by road side – Seyi Awolowo

BBNaija contestants who fail to plan for life after show will fall by road side – Seyi Awolowo

05:57 pm
Favour pa ara rẹ̀ nítorí pé arákùnrin Ifáyín Ọ̀gbọ́nnà fi ipá bá a lòpọ̀ ní Ìpínlẹ̀ Delta; Musbau pa ìyàwó rẹ̀ nítorí oúnjẹ ní Ìpínlẹ̀ Nasarawa

Favour pa ara rẹ̀ nítorí pé arákùnrin Ifáyín Ọ̀gbọ́nnà fi ipá bá a lòpọ̀ ní Ìpínlẹ̀ Delta; Musbau pa ìyàwó rẹ̀ nítorí oúnjẹ ní Ìpínlẹ̀ Nasarawa

01:29 am
ONE VOTE: Your Vote Starts Before Election Day

ONE VOTE: Your Vote Starts Before Election Day

05:36 pm

More News

Dollar to Naira exchange rate today, August 10, 2026

Dollar to Naira exchange rate today, August 10, 2026

The naira opened the new week relatively steady against the United States dollar across both the official Nigerian Foreign Exchange Market and the parallel market, with traders monitoring liquidity conditions and Central Bank interventions.
Nigeria’s economy recovering after painful reforms —NRS

Nigeria’s economy recovering after painful reforms —NRS

NCS uncovers 399 rifles in Tin Can port shipment

NCS uncovers 399 rifles in Tin Can port shipment

Afenifere, Igbo presidency

Lagos-Calabar Highway: We stand with Tinubu, but don’t bypass Ondo coast — Afenifere

Wale Oke

Attack on Catholic Bishops is attack on entire Church, PFN fumes

Osun election

Osun Election: Oyinlola-led PDP faction endorses APC candidate

Osun Election: Oyinlola-led PDP faction endorses APC candidate

…Group accuses Adeleke of excluding stakeholders By Shina Abubakar, Osogbo OSOGBO — A faction of the Peoples Democratic Party, PDP, in Osun State, led by former Governor Olagunsoye Oyinlola, has endorsed the governorship candidate of the All Progressives Congress, APC, Bola Oyebamiji, popularly known as AMBO, ahead of Saturday’s governorship election. The group, which is […]
Police release Osun commissioner arrested over alleged shooting in Ilesa

Police release Osun commissioner arrested over alleged shooting in Ilesa

Osun election: ADC’s Salaam not in alliance with any party, will contest to win — Aregbesola

Osun election: ADC’s Salaam not in alliance with any party, will contest to win — Aregbesola

Osun election: Farmers, butchers endorse Gov Adeleke

Osun election: Farmers, butchers endorse Gov Adeleke

Osun election: NDC chieftain tasks INEC, security agencies on fair, peaceful election

Osun election: NDC chieftain tasks INEC, security agencies on fair, peaceful election

Metro

How hunger helps bandits get members in North - UN

Bandits demand N500,000 from Benue farmer before harvesting crops

The farmer, whose identity was not disclosed, is a resident of Mbagena Council Ward in Kastina-Ala LGA, where suspected local bandits have allegedly been terrorising residents and imposing ransom demands on members of the community.
Police probe death of Law School Student in Lagos hostel

Police probe death of Law School Student in Lagos hostel

Sokoto Teenager’s Death: Family demands justice, prosecution of suspects

Sokoto Teenager’s Death: Family demands justice, prosecution of suspects

Lightning

19-year-old struck dead by lightning in Enugu community

Another Lagos bridge badly vandalised as Sanwo-Olu allays safety concerns

Another Lagos bridge badly vandalised as Sanwo-Olu allays safety concerns

Columns

Credit to northern governors for NNSTF, by Suleiman A. Suleiman

Credit to northern governors for NNSTF, by Suleiman A. Suleiman

05:34 am
Louis Ogbeifun points oil workers, labour towards tomorrow, by Owei Lakemfa

Louis Ogbeifun points oil workers, labour towards tomorrow, by Owei Lakemfa

05:57 am
How Nigerian governments encourage corruption, by Dele Sobowale

How Nigerian governments encourage corruption, by Dele Sobowale

06:21 am
Whose time is it? By Patrick Omorodion

Whose time is it? By Patrick Omorodion

01:06 am
A black face and a thousand ships, by Bisi Adeleye-Fayemi

A black face and a thousand ships, by Bisi Adeleye-Fayemi

12:33 am
Osun 2026: Between politics and law, by Tonnie Iredia

Osun 2026: Between politics and law, by Tonnie Iredia

12:18 am
Obasanjo, Osoba, AD, and 2003 old men stale stuff, by Dele Sobowale

Obasanjo, Osoba, AD, and 2003 old men stale stuff, by Dele Sobowale

12:17 am

Entertainment

Martins, Mercedes evicted from BBNaija season 11

Martins, Mercedes evicted from BBNaija season 11

Martins and Mercedes have been evicted from the Big Brother Naija Season 11 reality show.
Martins becomes first housemate evicted from BBNaija 11

Martins becomes first housemate evicted from BBNaija 11

BBNaija 11: Biggie assigns first secret task to Gambit Flora

BBNaija 11: Biggie assigns first secret task to Gambit Flora

I spent over N300m on my wedding – Peller

I spent over N300m on my wedding – Peller

I was told actress Tope Osoba died at police station – Fiance

I was told actress Tope Osoba died at police station – Fiance

Promoted

Starbase Technologies Launches Yolly, a Wholesome Content Platform Rewarding Meaningful User Participation Through Watching, Streaming, and Creating

Starbase Technologies Launches Yolly, a Wholesome Content Platform Rewarding Meaningful User Participation Through Watching, Streaming, and Creating

From-Smart-Partner-to-Global-Solution-WAIC-2026-Shows-Another-Path-Of-AI-Development.jpeg

From “Smart Partner” to “Global Solution”: WAIC 2026 Shows Another Path Of AI Development

What Makes an Online Casino Feel Safe? The Technology Behind Secure Gambling

What Makes an Online Casino Feel Safe? The Technology Behind Secure Gambling

Assetrise-Holdings-Launches-AssetPremium-Homes-with-57-Residential-Units-to-Drive-Urban-Regeneration-B.png

Assetrise Holdings Launches AssetPremium Homes with 57 Residential Units to Drive Urban Regeneration

Videos

Don’t shake hands indiscriminately with men

Don’t shake hands indiscriminately with men

People Talk: If You Could Ask President Tinubu One Question Today, What Would It Be

People Talk: If You Could Ask President Tinubu One Question Today, What Would It Be

VIDEO: An accusation. A mob. A young life cut short

VIDEO: An accusation. A mob. A young life cut short

Xenophobia: How they turned Nigerians to slaves in South Africa – Princewill, returned after 17 yrs

Xenophobia: How they turned Nigerians to slaves in South Africa – Princewill, returned after 17 yrs

ICYMI

Obasanjo’s allegations against Atiku will collapse, says aide

Obasanjo’s allegations against Atiku will collapse, says aide

ABUJA — Media Adviser to former Vice President Atiku Abubakar, Paul Ibe, has accused former President Olusegun Obasanjo of using political allegations against his former deputy for electoral purposes, saying the claims would not withstand scrutiny. Ibe made the allegations in a statement posted on his Facebook account on Sunday, titled, “Obasanjo’s campaign of lies, […]
Joe Biden's cancer has spread into his bones - Hunter

Joe Biden’s cancer has spread into his bones – Hunter

Inspector Omogbai: Doing policing with motherly love

Inspector Omogbai: Doing policing with motherly love

Police

Osun Election: Police deploy four officers per polling unit — IGP

State Police: We’ve studied India, America, Pakistan’s models – IGP Disu

State Police: We’ve studied India, America, Pakistan’s models – IGP Disu

Today’s toons

Cartoon: ‘Is amnesty the name of an animal, place or thing?’

Cartoon: ‘Is amnesty the name of an animal, place or thing?’

Cartoon: ‘I don’t negotiate with terrorists, but let’s talk about 2027’

Cartoon: ‘I don’t negotiate with terrorists, but let’s talk about 2027’

Cartoon: 'The bet cut abi e no cut?'

Cartoon: ‘The bet cut abi e no cut?’

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Business

Ways and Means

Nigeria spent N3.1trn on domestic debt servicing in Q1 – DMO

The Debt Management Office, DMO, has said the federal government spent N3.14 trillion on servicing its domestic debt in the first quarter (Q1) of 2026.
Customs, agents disagree over National Single Window operations

Customs, agents disagree over National Single Window operations

Firms expect borrowing cost to decline in 3 months

Firms expect borrowing cost to decline in 3 months

Blackout in north

Manufacturers’ confidence rebounds despite high borrowing costs, power woes

We’ve started paying depositors of 46 microfinance banks — NDIC

We’ve started paying depositors of 46 microfinance banks — NDIC

Health

NAN institutionalises quarterly fitness walks to boost staff wellness, productivity

NAN institutionalises quarterly fitness walks to boost staff wellness, productivity

Mental health crisis: Fewer than 300 psychiatrists serve over 200m Nigerians — Sheikh

Mental health crisis: Fewer than 300 psychiatrists serve over 200m Nigerians — Sheikh

Lagos needs 40,000 doctors, says Sanwo-Olu, unveils new healthcare roadmap

Lagos needs 40,000 doctors, says Sanwo-Olu, unveils new healthcare roadmap

Breastfeeding is first vaccine, strongest bond between mother and child – Experts

Breastfeeding is first vaccine, strongest bond between mother and child – Experts

Sports

Super Falcons lose automatic World Cup ticket after 1-0 defeat to Cameroon

Super Falcons lose automatic World Cup ticket after 1-0 defeat to Cameroon

Nigeria’s Super Falcons suffered a narrow 1-0 defeat to Cameroon after Nyadjou’s 19th-minute goal proved decisive in their WAFCON 2026 encounter.
Super Falcons to face South Africa in World Cup play-off – date, time confirmed

Super Falcons to face South Africa in World Cup play-off – date, time confirmed

Burkina Faso thrash Flying Eagles 4-1, end Nigeria’s World Cup hopes

Burkina Faso thrash Flying Eagles 4-1, end Nigeria’s World Cup hopes

Ashley Plumptre scores first Falcon's goal, seals WAFCON qualification

Nigeria can still qualify for 2027 Women’s World Cup – here’s how

Full list of countries qualified for 2027 Women’s World Cup

Full list of countries qualified for 2027 Women’s World Cup

Relationships

Put your wife down at your peril!

Put your wife down at your peril!

Dear Bunmi, I know it sounds strange that at this time and age, there could be a virgin in her thirties but that’s exactly what I am

Dear Bunmi, I’m a virgin at 30; nervous with my boyfriend

How to handle the ‘teenage demon’ when it visits your children!

How to handle the ‘teenage demon’ when it visits your children!

Baby-hungry single women are the reason some men are having the snip!

Baby-hungry single women are the reason some men are having the snip!

Special Report

Jamb

History Made, Future Beckons: How Oloyede’s stewardship redefined JAMB, restored public trust

At JAMB’s National Headquarters in Bwari, Abuja, Prof. Oloyede described the occasion as both a moment of gratitude and reflection

Memoirs: How I confronted Joe Garba on his plot to overthrow me — Gowon

My life of duty and allegiance Gowon’s Book of ‘Go on with one Nigeria’: The Facts of the Matter

The solution to my mind is to continue to represent the acronym promoted by Gowon’s surname. “GO ON WITH ONE NIGERIA’’ as the cliché for Nigerians

Kehinde Olupona @ 75: Day Ile-Ife stood still for erudite scholar, humanitarian

Kehinde Olupona @ 75: Day Ile-Ife stood still for erudite scholar, humanitarian

By Prisca Sam-Duru “A man of impeccable integrity, humanitarian, renowned scholar of religious studies, a great writer, a true African man, spiritually endowed, institutional builder, and a man of grace.” These glowing tributes echoed in abundance as dignitaries, scholars, and well-wishers gathered to celebrate one of Nigeria’s most revered intellectuals, Professor Jacob Kehinde Olupona, on […]

Inside prisons crime rings: How inmates run operations from behind bars

Inside prisons crime rings: How inmates run operations from behind bars

Last month, a text message landed on Odion Akagbosu’s phone late at night. It was short, cold and terrifying. “Someone wants you dead. He sent us to kill you, but I don’t want to kill an innocent soul. Comply with me or I will not show mercy.”

More Columns

Technology

Samsung to add real-time translation to smartphone model

Samsung expands foldable fight with Galaxy Z Fold8, Fold8 Ultra

By Prince Osuagwu Hi-Tech Editor The smartphone is no longer content to sit quietly in your palm. It wants to open up, stretch out, think for you, follow your subjects on camera, organise your notes and even suggest what you should do next. That is the experience Samsung Electronics West Africa is betting on with […]

Gen-Zs: AI now tells them what to wear

Gen-Zs: AI now tells them what to wear

By Juliet Umeh It sounds funny, but it’s true – some of the flappy and scruffy dress combinations young boys and girls born between the middle and late 2000s wear these days are strictly AI -induced. It sounds like a fairytale, right? But, that’s the reality of today. From old to young, almost everybody seems […]

Telecom operators seek stronger infrastructure protection to sustain Nigeria’s digital growth

Telecom operators seek stronger infrastructure protection to sustain Nigeria’s digital growth

By Juliet Umeh & Islamiyyah Adekanbi For more than two dec-ades, Nigeria’s telecommunications operators have powered one of the country’s biggest economic success stories, connecting millions of people, driving financial inclusion and providing the digital infrastructure that supports banking, education, healthcare, commerce and governance. However, they have come out to demand stronger government support, policy […]

Why laptops may become more expensive in Nigeria

Why laptops may become more expensive in Nigeria

…Global PC shipments fall 4.9% to 68.2m units in Q2 2026By Juliet Ume For many Nigerians preparing for a new academic session, entrepreneurs running digital businesses and professionals working from home, owning a laptop is no longer a luxury. It has become an important tool for learning, work and running a business. However, buying one […]

More Technology

Education

Funding Safe Schools Initiative: Will FME’s full control make any difference? 

Funding Safe Schools Initiative: Will FME’s full control make any difference? 

Following attacks on schools and the abduction of students and teachers, the need to look into the effectiveness or otherwise of the Safe Schools Initiative became imperative

Sanni bows out, Oyewunmi takes over at UNILAG’s Faculty of Law

Sanni bows out, Oyewunmi takes over at UNILAG’s Faculty of Law

By Elizabeth Osayande  THE Faculty of Law, University of Lagos, has entered a new chapter in its distinguished history with the successful transition of leadership from Professor Abiola Sanni, SAN, to Professor Adejoke Oyewunmi, who officially assumed office as Dean on 1 August, 2026. Professor Oyewunmi is the 20th Dean of the Faculty and only […]

WAEC withholds results of candidates from indebted states

WAEC withholds results of candidates from indebted states

WAEC said 2026 Computer-Based WASSCE school candidates sponsored by states indebted to the Council will not be able to access their results

JAMB

We’ll deploy everything lawful to protect JAMB’s integrity- Aina

Oloyede declared that he was leaving behind “a stronger, more transparent and globally respected institution”

More Education
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