ABUJA- JUNE 14, 2025. In a bold move to strengthen Nigeria’s banking sector, the Central Bank of Nigeria (CBN) has directed all banks under regulatory forbearance to temporarily suspend dividend and bonus payments to their foreign subsidiaries and ventures. This was announced in a circular released on Friday and signed by the CBN Director of…
Nigeria’s petrol import bill has seen a dramatic reduction in the first quarter of 2025, dropping to ₦1.76 trillion from ₦3.81 trillion recorded in Q1 2024 — a year-on-year decline of over ₦2 trillion. According to the latest foreign trade report by the National Bureau of Statistics (NBS), this marks a significant 54% decrease and…
A new report by Proshare has revealed that only two Tier 1 Nigerian banks — Zenith Bank and Access Holdings Plc (AccessCorp) — have successfully met the N500 billion recapitalisation target mandated by the Central Bank of Nigeria (CBN) for banks with international operating licences. The report, titled “Tier 1 Banks Report: Getting Bigger, Braver,…
In a major development in the ongoing trial of Nnamdi Kanu, the Federal High Court in Abuja has admitted into evidence a radio transmitter allegedly smuggled into Nigeria to aid the operations of Radio Biafra, the media arm of the Indigenous People of Biafra (IPOB). The transmitter, along with a 20-foot container used to transport…
The Nigerian Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), has launched a formal investigation into the recent clash between leading Nigerian airline Air Peace and Senator Adams Oshiomhole, who represents Edo North in the National Assembly. In a statement posted to his official X (formerly Twitter) account on Friday, Keyamo confirmed that he…
Former President Goodluck Jonathan has officially denied any connection to a viral Instagram post suggesting he is planning to contest the 2027 presidential election. The post, which was shared by an account bearing Jonathan’s name, featured a politically charged message claiming that Nigeria’s current leaders are “pretending to sleep” and urged citizens to make better…
President Bola Ahmed Tinubu has called on the Peoples Democratic Party (PDP) and other opposition parties to resolve their internal crises if they hope to be serious contenders in the upcoming 2027 general elections. Speaking on Friday, June 14, during the commissioning of the newly constructed Left-Hand Service Carriageway of the Outer Southern Expressway (OSEX)…
Tottenham Hotspur have set their sights on Brentford forward Bryan Mbeumo, as new manager Thomas Frank looks to reunite with one of his former key players ahead of the new Premier League season. Mbeumo, a 25-year-old Cameroon international, had a stellar season for Brentford, scoring 20 Premier League goals and cementing his place as one…
Mayorkun to Drop New Album ‘Still The Mayor’ on June 13, 2025 – Features Davido, Fireboy DML & More Award-winning Afrobeats sensation Mayorkun is set to make waves again with the release of his highly anticipated album titled “Still The Mayor”, dropping on June 13, 2025. NAIJABLOGDAILY.COM The 12-track project features a powerful lineup of…
As Benue communities mourn fresh killings by suspected Fulani herdsmen, a group of youths and women staged a controversial pro-government rally in Makurdi on Democracy Day, Thursday, June 12. The demonstrators, under various Pro-Tinubu and Pro-Governor Hyacinth Alia support groups, took to the streets of Makurdi, calling for second terms for President Bola Ahmed Tinubu…
