Author: Ifetayo Adeniyi

NIBSS The Nigeria Inter-Bank Settlement System Plc (NIBSS) has urged the Federal High Court in Lagos to grant an order freezing 176 bank accounts linked to unauthorised transfers totalling N13.66 billion, arising from a glitch on its payment platform. NIBSS, in the Suit before Justice Daniel Osiagor, is seeking an order directing 19 financial institutions in the country to immediately impose Post No Debit (PND) restrictions on accounts believed to have received funds from the disputed transactions. The applicant is also urging the court to compel the banks to place liens on accounts linked to the beneficiaries’ Bank Verification Numbers…

CBN governor, Dr Olayemi Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to orthodox monetary policy, transparency, and evidence-based decision-making, describing the ongoing reforms as critical to restoring confidence in the Nigerian economy and to strengthening macroeconomic stability. Cardoso reiterated this during the opening session of the Monetary Policy Committee (MPC) workshop on Thursday, May 21, 2026, themed “Strengthening Monetary Policy Effectiveness Towards Sustainable Macroeconomic Stability.” He commended the deputy governors, MPC members, Directors, and other stakeholders for their resilience and dedication in navigating the economy through a challenging period of reform.…

Train The management of the Nigerian Railway Corporation (NRC) has announced a temporary increase in train services on the Lagos–Ibadan Train Service (LITS) corridor for Tuesday, May 26, 2026, ahead of the Sallah celebration. The temporary adjustment is intended to accommodate the expected increase in passenger traffic as many Nigerians travel to celebrate the festive season with their families and loved ones. Under the special arrangement, the Corporation will operate six train trips on Tuesday, May 26, 2026, instead of the usual four trips currently operated on the corridor. For the day, train departures from the Lagos end will be…

Opay Elegbede Abiodun OPay, a leading fintech company in Nigeria, has officially opened applications for the 2026 edition of its flagship scholarship programme, now called OPay Scholars, continuing its N1.2 billion, 10-year commitment to support education across Nigeria. Applications for the Innovation Challenge will run from May 25 to June 14, 2026. Students in tertiary institutions across Nigeria can apply now as a team of five students via https://www.opayweb.com/innovation-challenge Building on its strong impact in the previous year, OPay is expanding the programme to include an Innovation Challenge in partnership with Google and OPay Futures. This addition is designed to…

Kayode Are’s US ambassadorial appointment commences as the ex-DSS chief presents credentials to Donald Trump in Washington, marking a diplomatic relationship between US and Nigeria …reinforcing expectations of a proactive and results-driven diplomatic period. Kayode Are, former Director-General of the Department of State Services, formally assumed duty on Sunday, 24 May 2026, as Nigeria’s ambassador to the United States after presenting his letter of credence to United States President Donald Trump in Washington, D.C., marking a significant diplomatic transition for Nigeria. The development confirms Kayode Are’s full entry into diplomatic service following his appointment by the Federal Government of Nigeria,…

Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu (m), Deputy Prime Minister of the Republic of Poland, Krzysztof Gawkowski and the country’s Ambassador in Nigeria, Michal Cygan, when the minister received the deputy prime minister and his delegation in Abuja. Photo credit: Magnus Eze The Federal Government has commended the Republic of Poland for supporting Nigerian students displaced by the Russia-Ukraine war, describing the gesture as a strong example of bilateral solidarity. Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, gave the commendation while receiving Poland’s Deputy Prime Minister and Minister of Digital Economy, Krzysztof Gawkowski, and his delegation at the Ministry…

File copy: The Federal Road Safety Corps The Federal Road Safety Corps has advised motorists travelling on the Abuja–Kaduna Highway to exercise patience and strictly adhere to traffic regulations amid heavy congestion caused by increased Eid-el-Kabir travel and ongoing road construction works. In a travel advisory posted on its official X handle on Sunday, the Corps said the most affected stretch remains the Nasarawa–Azara axis between Katari and Jere towns, where traffic movement has slowed significantly, a situation it attributed to congestion worsened by dangerous overtaking and lane indiscipline. FRSC urged road users to remain patient, stressing that discipline on…

The Nigeria Civil Aviation Authority has directed its directorates to suspend services to 11 domestic airlines, placing them on its updated “No-Pay-No-Service” list over unpaid statutory charges owed to the regulator. The directive, contained in an internal memo dated May 22, 2026, and obtained by our correspondent on Sunday, ordered all NCAA departments to withhold regulatory and administrative services from the affected operators until they clear their outstanding debts or agree on repayment plans. At the centre of the dispute are the five per cent Ticket Sales Charge and Cargo Sales Charge, funds collected by airlines on behalf of the…

President Bola Tinubu. Credit: File ACCEPTANCE SPEECH BY PRESIDENT BOLA AHMED TINUBU, ON HIS NOMINATION AS APC PRESIDENTIAL CANDIDATE FOR THE 2027 ELECTION DELIVERED ON SUNDAY, MAY 24, 2026, AT THE BOLA AHMED TINUBU INTERNATIONAL CONFERENCE CENTRE, ABUJA Protocol: Today, we celebrate another proud moment in our democratic journey—a history not defined by any individual, but by our collective resolve to build a stable, prosperous, and just nation. Four years ago, I stood before you as an aspirant to the highest office in our country, seeking your mandate alongside many distinguished compatriots and fellow aspirants, driven by conviction and patriotism.…

Africa’s biggest corporate supporter of culture, Globacom, is commemorating the life and legacy of the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, at this year’s Ojude Oba Festival, marking the 21st consecutive year of its sponsorship of the cultural event. This year’s edition, themed “Ojude Oba 2026: Celebrating the Legacy of Oba Sikiru Adetona,” is taking place at the Festival Pavilion opposite the royal palace in Ijebu Ode, Ogun State. The celebration pays glowing tribute to the remarkable accomplishments of the late monarch, who transited on Sunday, July 13, 2025, after an illustrious reign spanning 65 years. The departed…