Skip to main content

Posts

Don’t just focus on profits, Tinubu tells banks

President Bola Tinubu has challenged Nigerian banks to rethink their approach to risk and play a more active role in driving economic growth and improving the welfare of Nigerians, insisting that strong profits alone are no longer enough. The President spoke at the opening of the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja, yesterday. Represented by the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, President Tinubu said banks must move beyond celebrating huge profits and shareholder dividends to financing productive sectors of the economy. He said: “For years, we have measured financial institutions by balance-sheet growth, profitability and shareholder returns. These remain important. But we must increasingly ask: what is the financial system doing for the real economy? “A resilient banking system cannot exist indefinitely where businesses cannot obtain affordable credit, man...
Post a Comment
Read more
Recent posts

‘I Made Nothing Less Than ₦10 Million Monthly From Akara Business’ – Gov. Eno

Akwa Ibom State Governor, Umo Eno, has recalled making nothing less than ₦10 million monthly from his akara and bread business before venturing into politics. Eno’s comment comes months after the Nigerian First Lady, Oluremi Tinubu, sparked reactions after encouraging Nigerians to explore small businesses such as akara and kuli-kuli as part of efforts to improve their livelihoods. Speaking after a Renewed Hope Initiative meeting with wives of state governors in Abuja in June, Oluremi said such businesses could be started with relatively little capital. She said at the time, “We’re trying to give hope, and to start Akara business doesn’t take a lot of money. To start roasting corn, or somebody even said kuli kuli doesn’t take much. We didn’t give them a loan; we gave it to them as a grant.” Speaking during Akwa-Ibom State’s monthly covenant prayer service on Tuesday, Eno, in a video trending online, said he started the business by selling akara and bread, which he packaged a...
Post a Comment
Read more

Tinubu’s FBI Report Campaign Damaging Nigeria’s Image – Reps Spokesman

The Deputy Spokesperson of the House of Representatives, Philip Agbese, has criticised the campaign by opposition politicians over the alleged United States government documents concerning President Bola Ahmed Tinubu. Speaking to journalists in Abuja on Wednesday evening, Agbese described it as an attempt to damage Nigeria’s collective image abroad. A Washington-based lobbying firm has been spearheading a campaign to draw the attention of officials in the Donald Trump administration and members of Congress to allegations concerning Tinubu. Speaking jointly for concerned lawmakers and civil society groups on the matter, the lawmaker said political disagreements should not be pursued at the expense of the reputation and wellbeing of Nigerians living, working and doing business outside the country. According to him, the circulation of old documents and unproven allegations in foreign political circles could create consequences far beyond the individuals being targeted, particu...
Post a Comment
Read more

2027: Tinubu will walk to villa without pressure – Wike

Minister of the Federal Capital Territory, Nyesom Wike, has expressed confidence that President Bola Tinubu will have an easy ride in the 2027 presidential election. Wike said the emerging opposition coalition would not pose a serious challenge to Tinubu. He added that the President would return to the Presidential Villa without facing much pressure. The minister spoke during a media chat in Port Harcourt, Rivers State, while discussing the opposition coalition and preparations for the 2027 election. “This will be an election where a president will be walking to the Villa with no pressure,” Wike said. Wike also spoke about the Rainbow Coalition, saying its main objective was to support Tinubu rather than promote the interest of any particular individual. “Rainbow coalition is not about one person. What is important is that we are supporting Mr President. No one party takes everything,” he said. The minister further dismissed the strength of opposition parties, arguing that ...
Post a Comment
Read more

Opay Threatens Legal Action Against 𝕏 User Behind Shutdown Report

Digital payment platform OPay has threatened legal action against a 𝕏 user after a social media post claimed the fintech company would shut down its operations on September 1, 2026. The user, identified as Cute Hafserh (@Haifah_Er_Abba), reportedly shared the publication online, prompting OPay to issue a formal warning and demand its removal. The company, through its Chief Legal Counsel, Akinfolabi Moses Rokosu, accused the social media user of circulating false and misleading information that has harmed the company. OPay directed the user to delete the post, warning that it was prepared to pursue legal action. The development followed the company’s earlier clarification that it had no plan to suspend its operations on September 1, after a shutdown rumour circulated across social media. OPay had reassured its customers that its services would continue without interruption, urging them to disregard the unverified claims. In the warning issued to the 𝕏 user, OPay said it wo...
Post a Comment
Read more

Abuse Of Power’ – Activist Calls For Probe As Remi Tinubu Spends ₦700 Million On Foreign Trips

‘ The President and Convener of the Transparency and Accountability Group, Comrade Ayo Ologun, has called for an investigation into the use of public funds for the foreign travels of First Lady Oluremi Tinubu.  Ologun raised the concern after records from GovSpend showed that $553,884 was released as foreign exchange for overseas trips involving the First Lady between 2023 and 2024. Speaking with Daily Trust, Ologun questioned the legal basis for funding the foreign trips, arguing that the Office of the First Lady is not recognized as a separate government office under the law or provided for as an independent office in the national budget. He said the issue should not only be viewed from the perspective of whether financial regulations were violated but also whether public resources were being unnecessarily depleted. “Because her office is not recognized by the law, and there is nothing like the office of the wife of the President, but because we have seemingly adapted...
Post a Comment
Read more

Why Tinubu Embarked On Three Weeks Annual Leave

President Bola Tinubu has left Nigeria for a three-week vacation in Europe as preparations intensify for the 2027 general elections. The President departed Abuja on Sunday for the break, which his media aide, Sunday Dare, described as an opportunity to rest and regain strength ahead of an expected period of hectic political activities. Dare, the Presidential Adviser on Media and Public Communications, spoke with journalists shortly after Tinubu’s departure from the Federal Capital Territory. Explaining the reason for the President’s vacation, Dare said Tinubu had spent the last several months dealing with major national issues, including the economy and security. He said the sustained engagement made the break necessary, particularly as the political season had begun. Dare said, “The President has had several months six, seven months of being engaged with state matters. We’ve seen monumental changes, monumental decisions taken with our security, with our economy and so many...
Post a Comment
Read more