Author: Ifetayo Adeniyi

File photo of CBN The Central Bank of Nigeria has cancelled the operating licences of 46 microfinance banks across the country, citing their failure to meet key regulatory requirements for continued operations. The apex bank disclosed this in a statement issued on Wednesday and signed by its Acting Director of Corporate Communications, Hakama Sidi-Ali. The revocation, which took effect from July 1, 2026, followed the approval of the CBN Governor, Olayemi Cardoso. According to the statement, the action was taken in line with the powers conferred on the CBN under Sections 12 and 13 of the Banks and Other Financial…

The MTN Foundation, in collaboration with the Senator Abiru Innovation Lab (SAIL) and Co-Creation Hub, recently held a training session for educators across Nigeria. This event was part of the ongoing 12-week Teachers Programme, an initiative designed to enhance digital skills in the classroom. The programme is designed to equip classroom teachers with artificial intelligence tools and skills to improve teaching and learning outcomes in the 21st century. Facilitating the programme’s 10th week, Oluwatobi Olayanju, a data scientist and business analyst at Data Science Nigeria, led a virtual session focused on AI literacy, responsible technology use, and the practical integration…

Elegbede Abiodun … welcomes every Nigerian youth who has innovative ideas and solutions to pitch.  Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has announced the 7th edition of its flagship innovation initiative, Hackaholics. The announcement was made at the official press conference which took place on July 1, 2026, at the Wema Bank Head Office in Lagos, Nigeria. Launched in 2019, Hackaholics is Wema Bank’s youth and tech-focused initiative designed to serve as a platform for young Africans with creative, game changing, tech-driven ideas and products, to bring their…

Nigeria’s Chief Executive Officer, Dinesh Balsingh, has called on business leaders to accelerate Nigeria’s digital future by embracing intelligent technology platforms that drive innovation, productivity, and sustainable economic growth.  Speaking at the Lagos Business School (LBS) Breakfast Club on the theme, “From Telco to Techno,” Balsingh said the telecommunications industry is evolving beyond connectivity to become the foundation for enterprise transformation and the country’s digital economy. Balsingh explained that while previous generations of mobile technology connected people through voice, internet access, and mobile broadband, the future lies in intelligent ecosystems powered by artificial intelligence (AI), the Internet of Things (IoT),…

England’s forward #09 Harry Kane celebrates with England’s German head coach Thomas Tuchel after winning the 2026 World Cup round of 32 match football between England and the Democratic Republic of Congo at the Atlanta Stadium in Atlanta on July 1, 2026. (Photo by ROBERTO SCHMIDT / AFP) England Reaches World Cup Last 16 by Defeating DR Congo 2-1. Harry Kane scored a late double as England came from behind to beat the Democratic Republic of Congo 2-1 on Wednesday and set up a World Cup last-16 clash with co-hosts Mexico. Brian Cipenga stunned England when he fired DR Congo…

Kabiru Akanbi said the court would now run a fully digital registry.  Nigeria’s judiciary has moved a step closer to full digitalisation with the official rollout of an electronic case filing system at the Supreme Court, effectively ending the manual filing of cases at the apex court. The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, disclosed this on Wednesday at the formal launch of the Nigerian Case Management System (NCMS) in Abuja, describing it as a major milestone in the modernisation of the country’s judicial process. She said the new platform takes immediate effect, noting that the shift was driven…

L-R: Technical Adviser Public Transport Rail, LAMATA, Olasunkanmi Okusaga; MD of LAMATA, Engr. Mrs. Abimbola Akinajo; MD of NRC Dr Kayode Opeifa; and Director of Operations, NRC Mr Akin Osinowo, during the presentation of the licence. Photo: LAMATA The Nigerian Railway Corporation has formally presented a Permanent Operating Licence to the Lagos State Government, marking a shift in Nigeria’s rail transport sector after 128 years of the corporation being the country’s sole railway operator. The licence, presented through the Lagos Metropolitan Area Transport Authority, authorises the Lagos State Government to operate rail services on the shared corridor under the Track…

Improving demand conditions helped to support further increases in output and new orders in Nigeria’s private sector at the midway point of the year. Rising workloads and the prospect of further growth in the months ahead meant that firms took on additional staff and raised both purchasing activity and inventory holdings. Input costs and output prices increased sharply again, albeit to lesser extents than immediately following the outbreak of war in the Middle East. The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). Readings above 50.0 signal an improvement in business conditions on the…

FG says JSS-SSS separation serves adverse effect on education with over 20m dropouts already. The Federal Government has announced plans to end the long-standing policy separating Junior Secondary Schools (JSS) from Senior Secondary Schools (SSS), citing evidence that more than 20 million Nigerian children have dropped out of school before reaching the senior secondary level Minister of Education Dr Tunji Alausa unveiled the proposed reform in Abuja on Tuesday during the inauguration of the Universal Basic Education Commission (UBEC) Ministerial Implementation and Monitoring Committee, describing the current arrangement as ineffective and detrimental to educational access. According to Alausa, the Federal…

United Bank for Africa has rewarded thousands of customers with over N400 million in anniversary bonuses under its UBA Bumper Account, reinforcing commitment to customer loyalty and savings culture Africa’s Global Bank, United Bank for Africa Plc, has rewarded thousands of customers with over N400 million in anniversary bonuses under its flagship UBA Bumper Account, reaffirming the Bank’s unwavering commitment to rewarding customer loyalty and promoting a strong savings culture. The payout, one of the largest loyalty rewards under the Bumper Account initiative since its launch, saw qualifying customers receive anniversary bonuses directly into their accounts, demonstrating UBA’s resolve to…