President Tinubu Reshapes NNPC Leadership: Mele Kyari Out, Bayo Ojulari In
President Bola Tinubu has sacked the board of the Nigerian National Petroleum Company (NNPC) including its Group Chief Executive Officer, Mele Kyari and board chairman Pius Akinyelure. The sack was announced by…
Lagos Residents Lament Soaring Transport Fares and Food Prices
Despite the recent drop in petrol prices, traders and transporters across Lagos have refused to reduce their prices. Residents remain frustrated as transport fares, food prices, and essential goods costs…
Nigerians borrow N470bn from banks as economy bites harder
The Central Bank of Nigeria (CBN) has revealed that Nigerians borrowed a whopping N470 billion as personal loans from banks in the last quarter of 2024. The revelation, contained in…
Rainstorm Disaster Renders Many Homeless in Kwara’s Ogele Community
Eid-el-Fitr Night Storm Destroys Homes and Public Infrastructure A devastating rainstorm struck Ogele community in Asa Local Government Area of Kwara State, leaving many residents homeless. The disaster, which occurred…
Nigerian Banks Owe FG N600 Billion in Unpaid Windfall Tax
Six Banks Pay N205.6 Billion, Falling Short of N1 Trillion Target According to audit reports, six Nigerian banks collectively paid N205.6 billion in windfall tax for 2024. The payment remains…
Lagos Begins Demolition of Unapproved Buildings After Amnesty Period Ends
The Lagos State Government has commenced demolishing unapproved buildings following the expiration of the amnesty period granted earlier. The Lagos State Building Control Agency (LASBCA) began enforcement in Ogudu GRA,…
NDIC to Begin Liquidation Dividend Payout for Heritage Bank Depositors in April 2025
The Nigeria Deposit Insurance Corporation (NDIC) will declare the first liquidation dividend for uninsured depositors of Heritage Bank in April. The Acting Head of Communication & Public Affairs, NDIC, Hawwau…
NiMet forecasts three-day sunshine, cloudiness from Tuesday
The Nigerian Meteorological Agency (NiMet) has predicted sunshine and cloudiness from Tuesday to Thursday across the country. NiMet’s weather outlook released on Monday predicted sunny skies on Tuesday with few…
An Examination Of Islamic Mortgage Financing
BY: Love Olayemi "It is surely a good idea to explore how the sprit inherent in the "moral economy" of Islam could enable a just and ethical approach towards the…
An Overview Of CBN Guidelines For Mortgage Refinance Companies In Nigeria
BY: Elizabeth Oyinlola To combat the longstanding problem of homelessness in Nigeria, the Central Bank of Nigeria (CBN), on the 5th of August 2013, issued the Regulatory and Supervisory Guidelines…