11 h. ago “I Won’t Lodge Complaint Because Banks Now Kidnap” – Portable Laments Inability To Transfer, Withdraw From Account

Nigerian singer Portable, also known as Habeeb Okikiola, took to social media on Friday to express frustration with his First Bank Nigeria account. In a video shared on platform X, the singer revealed that for over a month, he has been unable to transfer funds or withdraw money from his account, despite regularly receiving deposits. […] The post “I Won’t Lodge Complaint Because Banks Now Kidnap” – Portable Laments Inability To Transfer, Withdraw From Account appeared first on Information Nigeria.

Politics

19 h. ago VeryDarkMan, mother storm popular bank over unexplained deductions

By John Ogunsemore Activist, Martins Otse popularly known as VeryDarkMan on Friday stormed a branch of a major commercial bank in the company of his mother, whose account with the bank has allegedly been subjected to inexplicable deductions. VeryDarkMan, also known as VDM, shared a video of the visit to the bank on Facebook. The […] The post VeryDarkMan, mother storm popular bank over unexplained deductions appeared first on The Sun Nigeria.

Politics

23 h. ago 4 banks post 679.37 bn profit in Q1 2025, customers react over charges

Four banks have posted N979.77 billion as Profit Before Tax (PBT) for the first quarter of 2025 ended March 31. read more 4 banks post 679.37 bn profit in Q1 2025, customers react over charges -NGX

Economics

27 h. ago Nigeria’s $1 trillion economy and World Bank’s 2027 poverty projection

By Chekwube Nzomiwu Guest Columnist     Vice President Kashim Shettima has been doing a yeoman’s job in assuring everybody of better days ahead for Nigeria under his principal, President Bola Ahmed Tinubu, whose economic reforms have thrown Nigerians into unprecedented hardship. Shettima has undoubtedly done so, even much more than the very large media […] The post Nigeria’s $1 trillion economy and World Bank’s 2027 poverty projection appeared first on The Sun Nigeria.

Politics

66 h. ago Tinubu congratulates Dangote on World Bank appointment, hails his transformative impact

From Juliana Taiwo-Obalonye, Abuja President Bola Tinubu has congratulated President of the Dangote Group, Aliko Dangote, on his recent appointment to the World Bank’s Private Sector Investment Lab, describing the recognition as well-deserved and timely. The lab is a high-level advisory body focused on promoting private investment and job creation in emerging economies. In a […] The post Tinubu congratulates Dangote on World Bank appointment, hails his transformative impact appeared first on The Sun Nigeria.

Politics

68 h. ago Nigeria Ranked Third In Africa For U.S. Deportations With Over 400 Removals [Full List]

Nigeria has ranked third on the list of African countries with the highest number of deportations from the United States (U.S) between 2020 and 2025, according to data from The United States Immigration and Customs Enforcement (ICE). A total of 437 Nigerian nationals were removed from the U.S. during this period, with many facing deportation […] The post Nigeria Ranked Third In Africa For U.S. Deportations With Over 400 Removals [Full List] appeared first on Information Nigeria.

Politics

3 d. ago FIRS orders banks to close unauthorised tax collection accounts

The Federal Inland Revenue Service (FIRS) has instructed all banks in Nigeria to immediately identify and close any tax and levy collection accounts that are not authorised under the agency’s TaxPro Max system. This directive, announced through a public notice issued by the Executive Chairman of FIRS, Zacch Adedeji, and shared with journalists on Monday […] The post FIRS orders banks to close unauthorised tax collection accounts appeared first on The Sun Nigeria.

Politics

3 d. ago Zenith Bank pays N195.67bn 2024 dividend, pledges higher future payouts

      Shareholders of Zenith Bank Plc, at the 34th Annual General Meeting (AGM) held in Lagos, on Tuesday, approved the proposed final dividend payment of NGN4 per share, bringing the total dividend for the 2024 financial year to NGN5 per share, with a total value of NGN195.67 billion. The Founder and Chairman of […] The post Zenith Bank pays N195.67bn 2024 dividend, pledges higher future payouts appeared first on The Sun Nigeria.

Politics

4 d. ago Wema Bank shareholders to receive 2024 dividends electronically

By Chinwendu Obienyi Wema Bank Plc has confirmed that the payment of its approved 2024 dividend to its shareholders will commence on May 22 and will be made exclusively through electronic channels. The bank in a corporate disclosure to the Nigerian Exchange Limited (NGX) signed by its company secretary, Johnson Lebile, stated that a final […] The post Wema Bank shareholders to receive 2024 dividends electronically appeared first on The Sun Nigeria.

Politics

4 d. ago Tinubu praises Adenuga’s vision, impact on banking, oil and gas, telecom on his birthday

From Juliana Taiwo-Obalonye, Abuja President Bola Tinubu in a glowing tribute to Chairman of Globacom and Conoil, Dr. Mike Adenuga Jr., on the occasion of his birthday, lauded his monumental contributions to Nigeria’s economic development and nation-building. In a statement he personally signed and released on April 28, 2025, ahead of Adenuga’s birthday on April […] The post Tinubu praises Adenuga’s vision, impact on banking, oil and gas, telecom on his birthday appeared first on The Sun Nigeria.

Politics

4 d. ago CBN revises documentation requirements for PAPSS transactions

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has announced a revision to the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria. In a circular on Monday, which was signed by its Ag. Director, Corporate Communications, Hakama Ali, the apex bank said the review is part […] The post CBN revises documentation requirements for PAPSS transactions appeared first on The Sun Nigeria.

Politics

5 d. ago NDIC begins payment of N46.6bn liquidation dividends to heritage bank depositors

Soothing news came the way of anxious depositors affected by the closure of Heritage Bank as the Nigeria Deposit Insurance Corporation (NDIC) said it has commenced the payment of N46.6 billion as the first tranche of liquidation dividends. The payment, which began on Friday, April 25, 2025, is targeted at depositors whose balances exceeded the […] The post NDIC begins payment of N46.6bn liquidation dividends to heritage bank depositors appeared first on The Sun Nigeria.

Politics

8 d. ago World Bank forecasts 3.4% economic growth for Nigeria in 2025

From Adanna Nnamani, Abuja The World Bank has announced a positive outlook for Nigeria’s economy, projecting a growth rate of 3.6 per cent in 2025, following an estimated expansion of 3.4 per cent in 2024. This optimistic forecast comes as reforms begin to demonstrate their potential in stabilizing the country’s macroeconomic environment. Released in the […] The post World Bank forecasts 3.4% economic growth for Nigeria in 2025 appeared first on The Sun Nigeria.

Politics

1 week ago Nigeria Customs Generates N1.75trn In Q1 2025, Breaks Revenue Record

The Nigeria Customs Service (NCS) has reported a record-breaking revenue performance in the first quarter of 2025, raking in N1.75 trillion. The announcement was made during a press briefing in Abuja on Tuesday , where the Comptroller General of Customs, Bashir Adeniyi, attributed the impressive figures to sweeping reforms, increased surveillance, and enhanced digital operations. […] The post Nigeria Customs Generates N1.75trn In Q1 2025, Breaks Revenue Record appeared first on Information Nigeria.

Politics

1 week ago Fiscal pressure mounts as FG slashes spending, deficit expands

By Chinwendu Obienyi The Federal Government of Nigeria (FGN) recorded a significant decline in expenditure and revenue in January 2025, as fresh data from the Central Bank of Nigeria (CBN) revealed a deepening fiscal deficit and falling receipts from both oil and non-oil sources. According to provisional figures from the apex bank’s economic report for […] The post Fiscal pressure mounts as FG slashes spending, deficit expands appeared first on The Sun Nigeria.

Politics

1 week ago Niger: Thugs on rampage, kill bank driver, beat man to coma in latest attack

From John Adams, Minna There seems to be no end in sight over the activities of some youths suspected to be thugs in Minna,  Niger State, who have continued to unleash terror, and stabbing innocent citizens to death without any provocation. The latest victims in the ongoing brutal killing by these thugs are  :a driver […] The post Niger: Thugs on rampage, kill bank driver, beat man to coma in latest attack appeared first on The Sun Nigeria.

Events

1 week ago Leadway Group boosts journalists’ capacity on financial reporting 

By Henry Uche Leadway Group, one of Nigeria’s leading non-banking financial services group, has provided an upskill for insurance, pension, and brand journalists in Lagos, pursuant to its commitment to enhancing understanding of financial inclusion and wellness. The training was designed to improve the quality, depth, and accuracy of media reportage of non-banking financial services […] The post Leadway Group boosts journalists’ capacity on financial reporting  appeared first on The Sun Nigeria.

Politics

2 w. ago Nigeria Faces Economic Uncertainty Amid Global, Domestic Challenges – IMF

The International Monetary Fund (IMF) has cautioned that Nigeria’s economic future remains uncertain, even as the country implements broad reforms aimed at stabilizing its fiscal and monetary systems. After concluding its 2025 Article IV Consultations with Nigerian authorities, the IMF acknowledged progress in areas such as halting Central Bank deficit financing, eliminating fuel subsidies, and […] The post Nigeria Faces Economic Uncertainty Amid Global, Domestic Challenges – IMF appeared first on Information Nigeria.

Politics

2 w. ago AYCF commends Governor Uba Sani’s partnership with World Bank, calls for public cooperation

From Noah Ebije, Kaduna The Arewa Youth Consultative Forum (AYCF) has extended its heartfelt commendation to the Kaduna State Governor, Senator Uba Sani, for his unwavering commitment to the development and progress of the state through the strategic partnership with the World Bank.  AYCF President General Yerima Shettima said the collaboration, which encompasses a remarkable […] The post AYCF commends Governor Uba Sani’s partnership with World Bank, calls for public cooperation appeared first on The Sun Nigeria.

Politics

2 w. ago CBN: Bank recapitalisation aligns monetary, fiscal policies with FG’s economic vision

By Michael Nwadike The Central Bank of Nigeria (CBN’s) decision to embark on the recapitalisation of banks was to align monetary, fiscal policies with the Federal Government’s vision of prosperity for Nigerians and the economy. The recapitalisation which is underway, is recording significant successes, with the raising of capital by many banks and a surge […] The post CBN: Bank recapitalisation aligns monetary, fiscal policies with FG’s economic vision appeared first on The Sun Nigeria.

Politics