BizNest Daily

British Prime Minister Keir Starmer announcing plans to ban social media access for children under 16 in the UK.

Major Crackdown: UK to Ban Social Media Access for Children Under 16

The United Kingdom is preparing to introduce a nationwide ban preventing children under the age of 16 from accessing social media platforms, as Prime Minister Keir Starmer intensifies efforts to strengthen online safety for young people. Announcing the proposal on Monday, Starmer said social media platforms are contributing to declining well-being among children by exposing…

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Veteran Nollywood actress Patience Ozokwor discussing her iconic Mama G movie roles and their impact on society.

Bold Revelation: Patience Ozokwor Defends ‘Mama G’ Roles, Says She Exposes Society’s Hidden Ills

Veteran Nollywood actress Patience Ozokwor has defended the tough and often controversial characters she portrays on screen, insisting that her performances are intended to spotlight social issues rather than reflect her real-life personality. Speaking during a recent video conversation, the 67-year-old screen icon addressed a perception that has followed her throughout her celebrated acting career,…

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Peter Obi speaking during an engagement with Nigerians in Washington D.C. while discussing Nnamdi Kanu's detention and national dialogue.

Strong Call: Peter Obi Says No Reason to Keep Nnamdi Kanu in Detention

Former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress, Peter Obi, has renewed his call for the release of Nnamdi Kanu, maintaining that there is no justification for the continued detention of the leader of the Indigenous People of Biafra (IPOB). Obi made the remarks during an interaction with Nigerians in Washington,…

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CBN

Major Shake-Up: CBN Proposes 51% Minimum Ownership Rule for Financial Holding Companies

The Central Bank of Nigeria has unveiled a draft revision of its guidelines governing the licensing and regulation of Financial Holding Companies (FHCs), proposing stricter ownership, governance and capital requirements aimed at strengthening oversight across Nigeria’s financial sector. The proposed framework, released in an exposure draft dated June 10, was circulated to financial holding companies,…

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Members of Nigeria's National Assembly debating constitutional amendments to establish state police and redefine federal policing powers.

Major Breakthrough: State Police Move Closer as NASS Defines Federal and State Policing Powers

Nigeria’s long-running debate over the establishment of state police moved significantly forward on Thursday as both chambers of the National Assembly advanced constitutional amendments aimed at decentralising policing and strengthening the country’s security architecture. The House of Representatives approved the proposed legislation following overwhelming support from lawmakers, while the Senate passed the bill for second…

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President Bola Tinubu delivering his Democracy Day address while outlining Nigeria's security, economic and power sector reforms.

Fierce Warning: Tinubu Vows Terror Financiers Will Pay Dearly as 13,000 Terrorists Are Neutralised

President Bola Tinubu has issued a stern warning to bandits, kidnappers and financiers of terrorism, declaring that those responsible for violence against Nigerians must surrender or face the full weight of the law. Speaking during Nigeria’s 27th consecutive Democracy Day celebration and his fourth Democracy Day address since assuming office in 2023, the President said…

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EFCC Chairman Ola Olukoyede speaking on electoral corruption and the rising cost of elections in Nigeria.

2027 Elections: Governorship Aspirants Spend Up to N30bn on Primaries, Says EFCC Chairman

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has raised concerns over the growing cost of political contests in Nigeria, revealing that some governorship aspirants spend between N20 billion and N30 billion in their quest to secure electoral victory. Speaking on Wednesday in Ilorin, Kwara State, Olukoyede warned that excessive election spending…

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