Excess Liquidity Spikes Banks’ Deposits With CBN Up 460% to N52.6tn
Nigerian banks significantly increased their placements with the Central Bank of Nigeria (CBN) in 2026, as excess liquidity, elevated interest rates and heightened credit risk concerns discouraged lending to the private sector. Data from the apex bank showed that commercial and merchant banks deposited a combined N52.6 trillion with the CBN in January 2026, […]
Lagos Government Seals Ladipo Market Over Environmental Alleged Violations
Lagos Government Seals Ladipo Market Over Environmental Alleged Violations By 𝔸bdulrazak Tomiwa The Lagos State Government has shut down Ladipo Market in Mushin due to severe environmental violations, including reckless waste disposal and unpaid bills. Commissioner Tokunbo Wahab ordered the closure, stating the market will remain sealed until traders meet mandatory sanitary […]
Japan Heads to Polls as Prime Minister Takaichi Seeks Majority in High-Stakes Snap Election
Japan Heads to Polls as Prime Minister Takaichi Seeks Majority in High-Stakes Snap Election By 𝔸bdulrazak Tomiwa On February 8, 2026, Japanese voters headed to the polls for a high-stakes snap election called by Prime Minister Sanae Takaichi. The election serves as a critical test for Takaichi, who became the country’s first […]
Abia Blames Typo for ₦210m Photocopier Allocation in 2026 Budget
The Abia State Government has clarified controversies surrounding an alleged budgetary allocation of ₦210 million for the purchase of a photocopier in its 2026 Appropriation Law, attributing the figure to a technical error in the budget document. The clarification follows widespread public criticism and commentary after portions of the budget circulated online suggested that […]
Sokoto Government Distances Self from Car Gift to TikToker
The Sokoto State Government has dissociated Governor Ahmed Aliyu from a viral donation involving a car and a shop allegedly given to a Kaduna-based TikToker, Rahama Saidu, clarifying that the gesture was a private initiative and not connected to the state government. In a statement to the prese, the governor’s spokesperson, Mr. Abubakar Bawa, […]
Senate Won’t Succumb to Critics over Electoral Act Amendment, Says Akpabio
Senate President, Godswill Akpabio has defended the Senate’s ongoing amendment of the Electoral Act, faulting critics for what he described as premature judgment of an incomplete legislative process. Akpabio insisted that the Senate had not removed provisions for electronic transmission of election results, clarifying that lawmakers only questioned the requirement for mandatory real-time transmission. […]
$1bn Integrated Poultry Project to Begin in Enugu, Kaduna, Oyo
The pilot phase of a $1 billion National Integrated Poultry Project is set to commence in Enugu, Kaduna and Oyo states, the Director-General and Global Liaison of the Nigeria–China Strategic Partnership (NCSP), Mr. Joseph Tegbe, has announced. Tegbe disclosed this while speaking at the Chinese New Year Temple Fair, which also marked the 55th […]