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How staff members react to the closure of Heritage Bank

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Heritage Bank employees have shared varying reactions to the bank's recent closure. The Central Bank of Nigeria (CBN) announced the revocation of Heritage Bank's license on June 3 after weeks of unstable operations that left many customers stranded. The CBN stated...
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Tinubu congratulates Ramaphosa on his re-election

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President Bola Tinubu has warmly congratulated President Cyril Ramaphosa of South Africa on his re-election. Ajuri Ngelale, Special Adviser to the President on Media and Publicity, said in a statement on Saturday that Tinubu also congratulated the people of South...
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Bad loans, controversial acquisition and other issues behind Heritage Bank liquidation

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In May, customers stormed Heritage Bank's various branches in Nigeria and urged the government and other regulatory authorities, such as the Central Bank of Nigeria (CBN), to urgently intervene in the challenges facing the bank. Many weeks earlier, many customers...
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AfDB appoints Nigerian director of African Development Institute

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The African Development Bank has appointed Eric Ogunleye, a seasoned macroeconomist, as director of the African Development Institute, effective June 1. Mr. Ogunleye, a Nigerian national, has almost 20 years of experience in macroeconomics and development economics, capacity development, public...
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Former El-Rufai commissioners reply Kaduna lawmakers over alleged N423 billion loan fraud

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Some former commissioners who served under former Governor of Kaduna State, Nasir El-Rufai, have dismissed a probe of their administration by the state House of Assembly as an hatchet job. The commissioners described the report of the probe as the...
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Tinubu meets with FBI director and calls for closer collaboration to fight cybercrime and terrorism

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President Bola Tinubu has called for closer collaboration between Nigerian law enforcement agencies and the United States Federal Bureau of Investigation (FBI) in the fight against cybercrime, terrorism and other related crimes. The FBI is the domestic intelligence and security...
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Two dead as Nigerian troops attack suspected IPOB camps

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The Nigerian military says its troops have killed two suspected members of the Indigenous People of Biafra (IPOB) and its armed militant wing, the Eastern Security Network (ESN), in Abia state in southeastern Nigeria. The army, in a statement posted...
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The Senate approves 25 bills in one year

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The Senate approved 25 of the 447 bills presented in its plenary session during the last year. The Senate leader, Opeyemi Bamidele, who made the disclosure in Abuja on Thursday, also claimed that the upper house adopted 115 resolutions. The tenth...
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A Nigerian immigration truck transports rams to the National Assembly

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A truck and two minibuses fully loaded with battering rams were spotted at the National Assembly complex on Thursday. The truck, which belongs to the Nigerian Immigration Service (NIS) with registration number IMMIGRATION 48-04IS, and the buses arrived at the...
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Nigerian Army Addresses Report That Its Checkpoint Caused Deadly Road Accident In Enugu

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The Nigerian Army has reacted to a report that its checkpoint caused a fatal road accident in Enugu State. PREMIUM TIMES reported that many passengers were feared dead in the road accident, which occurred at around 6:40 pm on Tuesday...
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Nigeria's population could rise to 450 million by 2050: experts

Experts have expressed concern about the possible increase in Nigeria's population, which could reach 450 million by 2050 if...
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