President Bola Tinubu has approved the appointment of Thompson Oludare, as the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC). The president also approved the appointment of Kabir Kataka as the Executive Director at the NDIC. These appointments were contained in a letter addressed to the leadership of the Nigeria Senate. Tinubu in the…
The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an oversubscription of 735%. This is according to a new circular issued on Wednesday, 28 May 2025 by DMO. DMO had announced the issuance of…
The presidency on Wednesday dispelled widespread misconceptions surrounding President Bola Ahmed Tinubu’s recent correspondence to the National Assembly regarding Nigeria’s 2025–2026 borrowing plan. Contrary to reports suggesting that the President is seeking to borrow a lump sum of $20 billion, the special assistant to the president on social media, Dada Olusegun, clarified that the communication…
Benjamin Netanyahu, Israeli prime minister, says Mohammed Sinwar, Hamas’ leader, has been killed by an airstrike. Netanyahu confirmed the development on Wednesday while briefing the Knesset, Israeli parliament. “We changed the face of the Middle East, we pushed the terrorists from our territories, we entered the Gaza Strip with force, we eliminated tens of thousands…
The Kano Directorate of the Economic and Financial Crimes Commission, EFCC, on Wednesday, May 28, 2025 secured the conviction and sentence of social media influencer, Murja Ibrahim Kunya, before Justice Simone Amobeda of the Federal High Court sitting in Kano. Kunya was arrested for allegedly spraying Naira notes for fun during her stay in a…
The Federal Government of Nigeria has announced a monthly stipend of N45,000 for students enrolled in technical colleges across the country, in a move to revamp the Technical and Vocational Education and Training (TVET) sector. The initiative was disclosed by the Executive Secretary of the National Board for Technical Education (NBTE), Prof. Idris Bugaje, during…
The four tax reform bills submitted by President Bola Ahmed Tinubu in October 2024 are now ready for presidential assent following the harmonisation of the versions of the bills passed by both chambers of the National Assembly. At plenary on Wednesday, the House of Representatives considered the report of the conference committee, which harmonised the…
President Bola Tinubu has appointed 36 individuals to fill vacancies on the governing councils of various Federal Universities, Polytechnics, and Colleges of Education. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement signed and released on Wednesday titled, ‘President Tinubu announces more appointments for federal institutions.’ The…
A pastor identified as Mr. Lucky, affiliated with one of Nigeria’s largest Pentecostal churches, has been arrested in Ahoada East Local Government Area of Rivers State for allegedly defiling a 10-year-old girl. The arrest occurred on Tuesday, May 27, 2025, in the Ihuaje community. It was carried out by the Organised Security Planning and Advisory…
The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has donated three acres of land to the International Council for Ifa Religion for the construction of the World Ifa Temple. This was aimed at promoting its activities and establishing the largest pilgrimage site for Yoruba traditional worshippers across the world. The ICIR announced this in…