Data released by the Central Bank of Nigeria (CBN) shows that deposit money banks (DMBs) and merchant banks borrowed N131.42 trillion from the apex bank in 2024 to meet their daily business obligations. According to the data, the amount borrowed in 2024 is 636.6 per cent higher than the N17.84 trillion borrowed by Nigerian banks in 2023. The data also showed that DMBs and merchant banks borrowed the highest amount…

Following the news of the ongoing retirement of 1,000 employees of the Central Bank of Nigeria (CBN), the Arewa Youth Assembly has called for adherence to federal character principles in the handling of the process. The group, in a statement issued on Sunday, January 5, in Kaduna, raised concerns over the perceived targeting of northern employees, describing the move as “anti-North” and a threat to national unity. The group’s speaker,…

The Christian Association of Nigeria (CAN), South West region, has conferred the title of Distinguished Father of Faith on Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG). The announcement was made via a post on the RCCG Open Heaven Daily Devotional Videos Facebook page on Monday, capturing the historic moment in a series of photographs. The recognition ceremony took place in Pastor Adeboye’s office,…

After no fewer than four people were killed in a clash between two suspected cult groups in Owo, the headquarters of Owo Local Government Area in Ondo State, Governor Aiyedatiwa had imposed a dawn-to-dusk curfew on the town. The announcement was made today in a statement by the governor’s Chief Press Secretary, Ebenezer Adeniyan, stressing that the curfew will remain in effect until further notice. The New Daily Prime gathered…

Ogoni advocacy groups have called on the Federal Government,Shell Petroleum Development Company of Nigeria (SPDC) and the Hydrocarbon Pollution Remediation Project (HYPREP),to address this environmental damage caused by oil spills in the area The umbrella Ogoni body which includes Lekeh Development Foundation (LEDEF)and Yeraba Women Foundation (YWF), made this call at the weekend during a press conference held while marking the 2025 Ogoni Day 32nd anniversary. They said the call…

The Economic and Financial Crimes Commission (EFCC) has dismissed twenty-seven officers from its workforce over allegations of fraud and misconduct. The anti-graft agency in a statement signed by its Head of Media and Publicity today, said the dismissals were approved by its Chairman Ola Olukoyede, following recommendations from the Commission’s Staff Disciplinary Committee. The EFCC reaffirmed its zero-tolerance policy for corruption within its ranks, stressing that the Commission boss said…

Canadian Prime Minister Justin Trudeau has announced his resignation as leader of the Liberal Party, following significant internal dissent over escalating living costs and a housing crisis Trudeau will remain in office until a successor is chosen. He has also prorogued Parliament until March 24, effectively suspending its operations. This decision comes after Finance Minister Chrystia Freeland resigned, citing disagreements over the government’s response to potential U.S. tariffs under President-elect…

A former Commissioner for Works and elder statesman in Rivers State, Chief David Briggs, has strongly criticised the Federal Capital Territory Minister, Nyesom Wike, for his recent comments about former Governor Peter Odili. Briggs, who served under Odili, accused Wike of benefiting from crises and speaking recklessly, claiming that Wike’s actions are only worsening the ongoing political tension in Rivers State. In an interview with journalists in Port Harcourt on…

The Rivers State Police Command has confirmed that 18 individuals sustained severe injuries following a gas explosion in the Oroazi community of Port Harcourt on Sunday evening. The explosion, which occurred at a gas refilling shop, caused significant damage to surrounding buildings. The incident is part of a troubling series of gas-related explosions and Improvised Explosive Device (IED) occurrences that have been reported in the state since the start of…

Gombe State Governor, Muhammadu Yahaya, has reiterated his administration’s commitment to addressing the long-standing gratuity liabilities for retirees in the state. Speaking on Monday, December 6, during the presentation of cheques and the payment of backlog gratuities to state retirees, Yahaya revealed that his government has cleared ₦17.2 billion of the ₦21 billion inherited from previous administrations. Yahaya, who assumed office in 2019, acknowledged the gravity of the responsibility his…

Dr Titus Okunrounmu, a former Director of the Central Bank of Nigeria (CBN), has called on the Federal Government to strategically reduce the cost of governance in 2025 in order to address rising recurrent expenditures. In an interview with the News Agency of Nigeria (NAN) on Monday, in Ota, Ogun State, Okunrounmu emphasised that the current financial burden posed by high governance costs was placing a strain on the country’s…

A popular businesswoman and socialite, Princess Kadijat Adebisi Edionseri, widely known as Cash Madam, has died, aged 89. Edionseri, who was the Iya Sunnah of Egbaland, Yewaland, and Ogun State died after a brief illness on Sunday, January 5, 2025, in Abeokuta, the Ogun State capital. Her death was announced in a statement on behalf of the family by one of her children, Dr Adebayo Adebowale. The statement noted that…