The Central Bank of Nigeria (CBN) has directed all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement or promotional material that fails to comply with existing consumer-protection and fair-marketing rules. The directive is contained in a circular issued on November 27, 2025, signed by Olubunmi Ayodele-Oni for the Director…
President Bola Tinubu has urged Muslims to use the Ramadan period to foster unity and peace in their various communities. The President also said that as the wet season approaches, he remained steadfast in boosting agricultural productivity. This was contained in his message to the Muslim community in the country as they begin the period…
The Economic and Financial Crimes Commission (EFCC) has refuted claims that recovered stolen assets are being re-looted or misused, insisting that all proceeds from crime recoveries are duly remitted to the Federal Government. The commission’s statement came in response to recent reports by the Civil Society Legislative Advocacy Centre, which raised concerns about the alleged…
Ruth Ogunleye, the female soldier who was discharged from the military for accusing a senior officer, Colonel I.B Abdulkareem, of sexual harassment, has narrated how she was drugged and rapped for days. GISTSMATE MEDIA reports that Ogunleye had in January this year on her TikTok account accused Col. IB Abdulkareem, Col. G.S Ogor, and Brig….
The management of a Chinese firm, Zhongshan Fucheng Industrial Investment Company Limited, has said its top officials were unlawfully detained and brutalised by the police during its contractual disagreement with the Ogun State Government. The firm said the maltreatment compelled it to seek the seizure of Nigerian assets overseas. The media was awash on Thursday…
In a heartwarming display of community service, Hon. Kevin Solomon Olaolu, in collaboration with the Margaret Mosunmola College of Health Science & Technology, Owo, recently concluded a highly successful free medical outreach event in Ose Local Government Area, Ondo State. The event, aptly named “Iwosan Ofe’datiwa,” took place from October 18th to 20th, 2024, at…
GISTSMATE MEDIA reports that the United Kingdom has officially recognised Palestine as a state. Prime Minister, Sir Keir Starmer, announced this in a post on X, on Sunday. “Today, to revive the hope of peace for the Palestinians and Israelis, and a two state solution, the United Kingdom formally recognises the State of Palestine,” the…
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has refuted reports suggesting an increase in the Value-Added Tax rate from 7.5 per cent to 10 per cent. In a statement signed by him on Monday, Edun clarified that the VAT rate remains unchanged at 7.5 per cent, as stipulated in…
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this on its official X handle titled “Update on the Crude and Refined Product Sales in Naira Initiative,” on Wednesday. Recall that the first phase of the six-month deal involving the Federal…
Hackers have compromised the official Facebook page of the Kano State Hisbah Board, posting explicit photos and videos, causing public outrage. The incident, which occurred on Wednesday, has drawn widespread condemnation, with many expressing concern over the situation. Sheikh Aminu Daurawa, the Commander General of the Hisbah Board, confirmed the breach to journalists on Friday…