News

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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