Nigerian fintech, Moniepoint, has kept mum over an alleged N1 billion fine imposed on it and other fintechs by the Central Bank of Nigeria (CBN) over compliance issues. Per TechCabal, OPay was also fined N1 billion by the CBN for a similar issue in the second quarter (Q2) of 2024. While Moniepoint, Africa’s eighth unicorn, declined to comment on the claim while OPay denied it, saying it is false, according to TechCabal. TechCabal also…

President Bola Tinubu has extended the olive branch to his political opponents and everyone not on the same page with him to join in as the government strives for peace, unity, and development of the country, saying even though people may have different political inclinations, Nigerians are one. The president spoke when he commissioned the Bola Ahmed Tinubu Technology Innovation Complex, BATTIC, at the headquarters of the Nigeria Immigration Service,…

Police officers have been stationed outside the Afe Babalola Chambers in the Magodo area of Lagos to maintain security. NEW DAILY PRIME reports that Dele Farotimi, a human rights lawyer and activist is currently facing charges before the Ekiti State Magistrate Court over alleged defamation of a legal icon, Afe Babalola in his book titled, ‘Nigeria and Its Criminal Justice System.’ The officers are present to prevent any disruption, amid…

Nigeria and France’s relationship was strengthened by President Bola Tinubu’s November trip to Paris, alarming those who see it as going against the trend of other countries in the region severing ties with their erstwhile colonial oppressor.France, whose colonialist iron hand once held sway over large parts of Africa, is learning to its cost that the continent is no longer willing to be dictated to.The European nation’s diplomatic relations with…

Governor, Monday Okpebholo of Edo State today presented a 2025 budget proposal of N605 billion to the State House of Assembly. Tagged the ‘Budget of Renewed Hope for a Rising Edo’, the proposal marks a 25 per cent increase from the 2024 budget under Godwin Obaseki’s administration. Governor Okpebholo disclosed that N223 billion, representing 37 per cent of the total budget, is allocated for recurrent expenditure, while N381 billion, accounting…

Former Vice President Atiku Abubakar has joined a growing number of Nigerians in condemning the detention of human rights lawyer Dele Farotimi. Farotimi is being remanded in an Ekiti prison over allegations of defaming the founder of Afe Babalola University, Ado-Ekiti, Afe Babalola. Farotimi’s legal ordeal began with his arrest in Lagos and subsequent transfer to Ekiti, where he was arraigned before a magistrate court in Ado-Ekiti. The court, presided…

Members of the House of Representatives from the 17 states in Southern Nigeria have thrown their weight behind President Bola Tinubu’s Tax Reform Bills. Rising from a meeting at the National Assembly complex on Tuesday, the lawmakers however, urged the executive arm to consult further and seek input from more stakeholders. Coming under the aegis of the Southern Reps Caucus, they hinted at possible amendment to some provisions of the…

Security operatives have arrested a notorious kidnapper, Terry Tinate Augustus, popularly called “Black” in Ilaje Local Government Area of Ondo State. Augustus, a self-acclaimed pastor from Ajapa community in Ese Odo LGA of Ondo State, was arrested by the Amotekun Corps in collaboration with the Special Assistant to the Ondo State Governor on Pipeline Surveillance and Waterways Security, Engr. Alore Omosuyi. The suspect was arrested on December 8, 2024 following…

Police in Kano have arrested three notorious fraudsters, recovering the sum of N129,542,823,000 billion fake currencies from them. Nura Ibrahim (26) of Sharada Quarters, Kano, Mohammed Muktar (35) of Hotoro Quarters, Kano, and Ahmad Abdullahi (30) of Kaga Local Government Area of Borno state, were arrested at different times and locations, following a tip off by a good Samaritan on the nefarious activities of the suspected criminals. The arrest of…

The Bank of Industry (BOI) has announced that it has disbursed N22.89 billion of the N75 billion manufacturing sector intervention fund to 29 manufacturers.Its Managing Director, Dr Olasupo Olusi, made this known on Monday at the first BOI interactive session with the Organised Private Sector (OPS) in Abuja, which was monitored virtually.Olusi said that out of the N75 billion manufacturing sector fund, other 20 projects valued at N6.3 billion were…

Senior Advocate of Nigeria (SAN) Babatunde Ogala has dismissed allegations that legal luminary Chief Afe Babalola is being used to target activist and lawyer Dele Farotimi for his anti-Tinubu stance during the 2023 general elections.Speaking on the matter during an interview with ARISE NEWS on Tuesday, Ogala described the claims as “ridiculous and insulting” to the 95-year-old Babalola, a revered figure in Nigeria’s legal and educational circles.Afe Babalola, at 95,…

Popular rights activist Bisi Alimi has raised concerns about a recent photograph of Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), in which he was wearing an outfit resembling military camouflage.The photo, which quickly went viral, has sparked heated debate, with Alimi questioning why the pastor was allowed to wear such attire while ordinary Nigerians face sanction for similar acts.In a series of posts…