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The Nigeria Deposit Insurance Corporation (NDIC) has confirmed that it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April. It would be recalled that Heritage Bank operating licence was revoked by the Central Bank of Nigeria (CBN) on June 3, 2024.…

The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022. According to a statement by Sidi-Ali, Hakama (Mrs.), Ag. Director, Corporate Communications,…

The Supreme Court has overturned the Court of Appeal’s decision that recognized Julius Abure as the National Chairman of the Labour Party (LP). In a unanimous ruling on Friday, a five-member panel of the Supreme Court stated that the Court of Appeal lacked the jurisdiction to declare Abure the LP…

The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as of the end of 2024, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. According to the CBN, NFER stood at $23.11 billion,…

The United Kingdom government has released names and addresses of no fewer than 58 dead Nigerians with unclaimed estates. According to an updated list released on Monday, March 24, a total of 5,806 people from different countries including 58 Nigerians died with no one to claim their properties. The estates belonging to…

Governor Seyi Makinde’s administration insists that only the state or federal government has the authority to establish judicial bodies.   The Oyo State government has announced plans to legally challenge the establishment of a Sharia panel in Oyo town, declaring it unconstitutional. Governor Seyi Makinde’s administration insists that only the state…

The Independent National Electoral Commission (INEC) has stated that the petition submitted for the recall of Kogi Central Senator, Natasha Akpoti-Uduagan, does not meet the requirements outlined in Clause 1(f) of its Regulations and Guidelines. INEC, which received the petition on Monday at its headquarters in Abuja, revealed after its…

The Federal Government (FG), has called on stakeholders in the water sector to intensify their efforts in supporting initiatives that will enhance Nigeria’s water security and contribute to peace and development. Speaking at the commemoration of the 2025 World Water Day, themed Glacier Preservation, the Minister of Water Resources and…

The Federal Road Safety Corps (FRSC) has confirmed that a tragic accident under the Karu Bridge in Abuja on Wednesday claimed six lives and left 25 others injured. According to FRSC spokesperson Olusegun Ogungbemide, the crash involved 18 vehicles, including two articulated trucks, two buses, one SUV, and 11 cars.…

President Bola Tinubu has met with Vice Admiral Ibok-Étè Ibas (retd.), the newly appointed Administrator of Rivers State, at the Presidential Villa in Abuja. The meeting comes a day after Tinubu declared a state of emergency in the state, suspending Governor Siminalayi Fubara, his deputy, and the State House of…