CBN slams N5m fine on illegal agent banking, sets tougher penalties for violators
CBN revises guidelines, imposes N5m minimum fine on unapproved agent banking activities. Entities operating without Super Agent licence risk N10m penalty plus daily charges. CBN warns defaulters will forfeit profits…
CBN bars debtors, blacklisted BVNs from operating as PoS agents
New CBN guidelines disqualify individuals with unpaid debts, blacklisted BVNs, or financial misconduct from becoming PoS agents. Only financially stable and trustworthy operators will be eligible to handle agent banking…
Uche Nnaji, Tunji-Ojo, Oduah, Others: Nigerian Ministers Trapped in Certificate Controversies
Minister of Innovation, Uche Nnaji, accused of parading fake UNN degree and NYSC certificate. Several ministers, including Adeosun, Tunji-Ojo, and Oduah, previously faced similar qualification scandals. Allegations raise new questions…
CPPE Demands Investor Protection Law to Safeguard Employers
The Centre for the Promotion of Private Enterprise (CPPE) calls for a new law to protect investors and employers in Nigeria. CPPE says weak legal protection and unrestrained union actions…
CBN Caps POS Agents’ Daily Transaction Limit at N1.2 Million Nationwide
CBN bank issues fresh agent banking guidelines to tighten regulation. Financial institutions ordered to submit monthly reports to CBN. New circular takes effect immediately, full compliance due by April 2026.…
NNPC Blames Cooking Gas Price Hike on PENGASSAN Strike Disruption
Operations halted for three days during labour strike, says NNPC boss. Distribution delays created temporary price surge nationwide. Supply chains to normalise as activities resume, NNPC assures Nigerians. The Nigerian…
Court Urged to Bar Goodluck Jonathan from 2027 Presidential Race
Federal High Court petition challenges Jonathan’s eligibility under constitutional term limits. Plaintiff seeks perpetual injunction against Jonathan and INEC for 2027 election. Suit claims Jonathan would exceed the eight-year presidential…
Rivers Ex-Administrator Ibas Received ₦401.9bn Allocation in Six Months — Official FAAC Records Reveal
FAAC documents confirm massive ₦401.9bn inflow under Ibas’ six-month administration ₦36.6bn of local government allocations released directly to him by FG Ex-administrator rejects House probe, calls it a “fool’s errand”…
Man In Police Custody for Allegedly Killing Wife in Edo
A middle-aged man identified simply as TJ has been arrested by the Edo State Police Command for allegedly killing his wife, Queen, in Auchi, Etsako West Local Government Area of…
Nigeria’s Oil Rig Count Soars to 69 — NUPRC
NUPRC reports 762.5% rise in oil rigs between 2021 and 2025 Commission links surge to investor confidence and Tinubu’s reform agenda Host communities receive ₦358.67 billion in development trust funds…