Author: Ifetayo Adeniyi

The Central Bank of Nigeria (CBN) has revised its rules on dormant bank accounts and removed the requirement for customers to provide an affidavit when they want to reactivate such accounts. In a circular dated March 12, 2026, sent to banks and other financial institutions, the CBN explained that the affidavit requirement has been cancelled following feedback from stakeholders. The change is intended to make the process of reactivating dormant accounts easier for customers while still protecting the financial system from fraud and abuse. Even though affidavits are no longer required, banks and other financial institutions must still carry out…

File photo: President Bola Tinubu Elegbede Abiodun This is to make families across Nigeria feel the spirit of oneness during this sacred period. Renewed Hope Ambassadors, a political support group of President Bola Tinubu, has received directives from the President to distribute rice nationwide in support of citizens observing Ramadan and Lenten fasts. This was disclosed by the Director-General of the Renewed Hope Ambassadors and Imo State Governor, Hope Uzodinma, in a statement on Saturday. According to the statement, the exercise was aimed at strengthening “national unity and demonstrating compassion during a period that holds deep spiritual significance for both…

Leonardo DiCaprio in One Battle After Another. Photo: Warner Bros. Pictures Paul Thomas Anderson’s One Battle After Another shone as winner of the Best Picture prize at the 98th Academy Awards held on Sunday night in Los Angeles, United States. The film also won Best Director for Paul Thomas Anderson, as well as Best Adapted Screenplay and Best Film Editing. Ryan Coogler’s Sinners, which led the nominations with 16 nods, secured several awards including Best Actor for Michael B. Jordan, Best Original Screenplay and Best Cinematography. Other notable winners included Jessie Buckley, who won Best Actress for Hamnet, while Sean…

Elegbede Abiodun Says when the naira appreciates against the dollar, the naira value of foreign assets held by the monetary authorities may decline when converted from foreign currency. Cash held outside Nigeria’s banking system fell by N197.68bn in one month to N5.21tn in January 2026, even as the amount of money circulating in the economy remained broadly flat, and bank reserves dropped sharply, according to the latest Money and Credit Statistics released by the Central Bank of Nigeria. The figures showed that currency outside banks declined from N5.41tn in December 2025 to N5.21tn in January 2026, representing a month-on-month drop…

Manny Ita  – The Chief Executive Officer of Avila Naturalle, Temitope Mayegun, has joined global celebrations of womanhood and motherhood, using the occasions of International Women’s Day and Mother’s Day to highlight the resilience and impact of women in society. Mayegun, an entrepreneur known for building one of Nigeria’s growing organic skincare brands, was recently recognised among Nigeria’s “100 Inspiring Women” as part of activities marking the 2026 International Women’s Day. In a message acknowledging the recognition, she described the honour as a significant milestone and a reflection of the work women continue to do in business and community development.…

The Special Adviser to the Governor on Health, Dr Kemi Ogunyemi, with other stakeholders at the conclusion of a four-day stakeholder engagement that began on Tuesday, March 10, in Ikeja. Photo: LASG … states that the regulation of cosmetic products and procedures is crucial to well being of the people of the state. The Lagos State Government has taken a step toward strengthening the regulation of cosmetic products and procedures with the presentation of the National Policy on Cosmetics Safety and Health and its Implementation Plan to the Special Adviser to the Governor on Health, Dr Kemi Ogunyemi. In a…

L-R: Mr Débo- K’mba BARANDAO, the Director General of Compagnie Energie Electrique du Togo (C.E.E.T), and Mrs Jennifer Adighije, the Managing Director/CEO, Niger Delta Power Holding Company, during the C.E.E.T’s management visit to NDPHC headquarters. CREDIT: NAN Elegbede Abiodun Togo has shown interest in raising electricity imports from Nigeria through the Niger Delta Power Holding Company to meet increasing domestic demand. The Managing Director of NDPHC, Jennifer Adighije, said this in a statement released on Sunday following talks with Togo’s national electricity utility. The visiting delegation from Compagnie Energie Electrique du Togo was led by its Director-General, Débo‑K’mba Barandao, with…

Manny Ita  – The All Farmers Association of Nigeria (AFAN) has issued a stern warning regarding a looming food crisis across the federation, citing the continuous surge in the pump price of petrol as a primary catalyst. In a statement addressing the current energy crisis, AFAN National President Mohammed Magaji emphasized that the hike, which has seen petrol prices fluctuate toward the ₦1,200 per litre mark in recent days, is making essential farming operations and the logistics of food distribution increasingly unsustainable for rural smallholders and daily wage earners. “The ongoing energy crisis in Nigeria will affect the cost of…

Manny Ita  – More than three million registered voters in the Republic of Congo are casting ballots today in a presidential election widely expected to extend the 42-year tenure of incumbent President Denis Sassou Nguesso. Polling stations across the oil-rich Central African nation opened at 7 a.m. local time and are scheduled to close at 6 p.m. Sassou Nguesso, 82, is seeking a fifth consecutive term under the banner of the Congolese Party of Labour (PCT), facing six other candidates. Analysts describe the opposition as fragmented, with several major parties boycotting the process over allegations of unfair electoral practices. “Everyone…

Manny Ita  – Growing public concern over Nigeria’s worsening cost-of-living crisis has intensified following reports that vulnerable market women in Lagos are grappling with multiple levies imposed by local street collectors, popularly known as agberos. Traders across several open markets in the commercial hub say the informal collections have compounded the economic pressure they already face due to rising food prices, transportation costs and general inflation. Many of the women, who rely on daily sales to sustain their households, say the frequent demands for payments are cutting deeply into their already shrinking profits. Some traders alleged that the collectors move…