Nigerian NewsDirect

CBN targets $1bn monthly diaspora remittances by year end

By Imisioluwa Afunmiso The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that the apex bank is targeting monthly diaspora remittance inflows of $1 billion by the end of 2026. He attributed this goal to ongoing reforms that have significantly improved confidence in Nigeria's foreign exchange market. Cardoso disclosed this on ...

Zulum distributes 23,700 free gas cylinders to teachers

Borno State Governor, Professor Babagana Umara Zulum, has announced the distribution of 23,700 clean cooking gas cylinders free of charge to school teachers and environmental vanguards across the state’s 27 local government areas as part of efforts to curb deforestation and promote environmental sustainability. The governor also disclosed that beneficiaries would receive refill vouchers to ...

Two feared dead, six injured in attack on APC members in Osun

…as Police arrest two suspects, recover ammunition By Ismail Azeez Two members of the All Progressives Congress (APC) were killed, while six others sustained varying degrees of gunshot injuries after suspected gunmen attacked a political mobilisation meeting held for the party’s governorship candidate, Bola Oyebamiji in Osogbo on Wednesday night. The attackers reportedly stormed the ...

Alleged ₦15.6bn fraud: EFCC re-arraigns former Skye Bank Chairman

The Economic and Financial Crimes Commission (EFCC) on Thursday re-arraigned Tunde Ayeni before Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court in Apo for fraud. Ayeni, a former Chairman of the Board of Directors of the defunct Skye Bank Plc (now Polaris Bank Limited), was re-arraigned on an amended 18-count charge. He ...