The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in a significant leadership shakeups. These appointments affect crucial areas such as Monetary Policy department, Trade and Exchange Department, Banking Supervision, Payment Systems and Consumer Protection among others. This new appointments are coming at a time when regulators are tightening oversight…
In preparation for the 2027 general elections, a faction of the Labour Party (LP) loyal to the interim Chairlady, Nanedi Usman has launched a comprehensive strategy to revive the party’s fortunes and position it as a major party to beat. The strategy, tagged “Operation Recover and Redeem,” was aimed at addressing the party’s internal challenges…
The Federal High Court in Lagos has convicted three internet fraudsters arrested during a controversial raid on a hotel at the Olusegun Obasanjo Presidential Library (OOPL) complex in Abeokuta, Ogun State, by the Economic and Financial Crimes Commission (EFCC). The judge Dehinde Dipeolu, sitting as a vacation judge in Ikoyi, Lagos, on Friday, convicted Isaac…
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The multinational behind Nespresso coffee capsules and KitKat chocolate bars said Freixe’s dismissal followed an investigation. In a swift move, Nespresso CEO Philipp Navratil was appointed to take over by his…
The London-based NetBlocks organisation that monitors cybersecurity said Iranians are largely cut off from global communications after their internet went down. “Metrics show Iran has now been offline for over 12 hours as authorities impose a nation-scale internet shutdown, citing Israel’s alleged ‘misuse’ of the network for military purposes,” the non-profit organisation posted on X…
Members of the National Assembly are considering a major change to Nigeria’s electoral law that could make the use of the Permanent Voter Card (PVC) optional during elections. The proposal, now under review, seeks to amend key sections of the 2022 Electoral Act to allow other forms of identification for voters. The amendment, which targets…
Members at the Church of the Brethren (EYN) Moduganari in Maiduguri, Borno State, were thrown into confusion on Sunday following the death of their pastor, Reverend Alaku Vincent. The tragedy struck when Vincent suddenly slumped and died during a child dedication ceremony in the church. According to Punch, efforts to revive Vincent were unsuccessful, and…
An Islamic group under the aegis of the Supreme Council for Shari’ah in Nigeria, the Oyo State chapter has set plans to unveil a Sharia court in the state and its environs. The group, in a flier that went viral on Tuesday, invited guests from across the country to the court’s inauguration ceremony, which will…
Gospel singer and songwriter Dr. Panam Percy Paul, has recounted how he rejected a lucrative record deal offer he received in 1995. The singer in a chat with Pastor Emmanuel Iren claimed that he was offered a three-year contract worth £24 million, equivalent to approximately N7 billion at the time. However, the deal came with…
Mrs. Shimite Bello Love (née Nwakalo), Special Adviser to the Delta State Governor on Trade and Export, has died under circumstances that have raised serious suspicions and controversy. Known widely as Madam Sabificate, Shimite is alleged to have succumbed to poisoning on Easter Sunday. Family sources informed SaharaReporters that her husband, Pastor David Favour Love,…
