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Cardoso plans a brave new banking world | Article Preview

Tough new capital requirements by the central bank will mean fewer but busier commercial banks, An improbable revolutionary, central bank governor, Olayemi Michael Cardoso, could preside over the biggest shake-up of Nigeria's financial sector for decades. His announcement last month of tough new minimum capital requirements on the country's banks will force a spate of mergers and acquisitions across the board.

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This Nigerian Chess Player In New York Just Played For 60 Hours Straight, Breaking A World Record

A New York chess player aimed to raise money for a charity he founded, which ultimately led to him breaking the world record for the longest chess marathon.

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Oil broker James Ibori returns to Abuja stage | Article Preview

President Tinubu's ties with convicted fraudster and ex-Delta State governor will boost the ruling party and may cut oil theft, In Abuja, the story is of the rise and fall and rise again of James Ibori, former Governor of oil-rich Delta State, sentenced to 13 years in Britain for fraud and money laundering in 2012. Ibori pleaded guilty but has always insisted the charges were 'unfair'.

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Abacha consigliere in storm over $11 billion superhighway linking Lagos and Calabar | Article Preview

Minister confirms upfront payments to Hitech Construction on a no-bid contract for 'Africa's biggest road', The international rehabilitation of billionaire businessman Gilbert Chagoury had seemed complete. Convicted in Geneva for laundering money stolen by military leader Sani Abacha and in the United States for illegal political contributions, these days Chagoury is feted by France's President Emmanuel Macron and ex-US President Bill Clinton, and most of all by Nigeria’s Bola Ahmed Tinubu, as a philanthropist (AC Vol 65 No 13).

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Faye's victory shakes up region | Article

In jail until ten days before the vote, a political outsider has been elected president on the first ballot, As detailed results from around the country trickled in, Amadou Ba, former Prime Minister and standard bearer for the ruling Benno Bokk Yaakaar (BBY) alliance, could draw only one conclusion. By the afternoon of 25 March, less than 24 hours after the polls had closed, it was clear that he had been decisively defeated by Bassirou Diomaye Faye of the radical opposition Patriotes africains du Sénégal pour le travail, l'éthique et la fraternité (Pastef).

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Ecowas buckles as it goes for regional unity | Article Preview

Facing a break-up, the West African bloc drops the sanctions with which it was pressuring the Sahel putschists to restore civil rule, Playing on their popular support on West Africa's streets amid growing dissent, the Sahel's putschist regimes have exposed the weakness of the leaders of the Economic Community of West African States (Ecowas).

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Thousands of Nigerians protest soaring costs

Thousands of Nigerians rallied against soaring living costs on Tuesday as the worst economic crisis in a generation leaves many struggling to afford food.In the north, the economic crisis has forced people to eat poor-grade rice used as fish food.

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Tinubu: Don't blame me for trying to find solutions — News — The Guardian Nigeria News – Nigeria and World News

Nigeria President Bola Ahmed Tinubu has said his government cannot be blamed for not trying to find solutions to the economic crisis in the country. Tinubu began consultations on the troubled economy by setting up a Tripartite Economic Advisory Committee at the State House, Abuja, on Sunday. Among the top stakeholders present at the meeting […]

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Tinubu directs payment of State House electricity bill to AEDC

President Bola Ahmed Tinubu has given directives for the immediate settlement of outstanding electricity bill due to the Abuja Electricity Distribution Company (AEDC).

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How the poor help the rich | Article Preview

Top officials are accused of raiding a state-funded programme meant to offer desperately needed relief for struggling communities, The detention of former Humanitarian Affairs Minister Sadiya Umar Farouq on 2 January on charges related to alleged fraud over US$38 million of public funds has led to a trail of documents implicating officials in President Bola Ahmed Tinubu's government. Then, on 8 January, Betta Edu, Farouq's successor as Humanitarian Affairs Minister and a Tinubu appointee, was suspended.

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