6 h. ago CBN: Winning war against exchange rate gaps, FX speculations

By Michael Nwadike The Central Bank of Nigeria (CBN) has activated market-driven pricing for the naira, significantly enhancing transparency and restoring investor confidence. With disciplined reforms and policy clarity, the naira has stabilized at a more sustainable level against the U.S. dollar. The once-wide gap between the official and parallel market rates has all but […] The post CBN: Winning war against exchange rate gaps, FX speculations appeared first on The Sun Nigeria.

Politics

12 h. ago Police Arrest Three Suspected Kidnappers, Rescue Two Ghanaians In Abuja

Operatives of Nigeria Police Force have rescued two kidnapped Ghanaian nationals and arrested some suspects, operating across international borders. It was gathered that the development is coming, following a report filed with the National Central Bureau in Abuja on April 27, 2025, over the kidnap of one Anastasia Arthur aka Baidoo, a 48-year-old Ghanaian national. […] The post Police Arrest Three Suspected Kidnappers, Rescue Two Ghanaians In Abuja appeared first on Information Nigeria.

Events

12 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

12 h. ago CBN Posts ₦165bn Surplus In 2024, Boosts External Reserves To $38.8bn

The Central Bank of Nigeria (CBN) has recorded a strong turnaround in its financial performance for 2024, posting a surplus of ₦165 billion compared to a deficit of ₦1.3 trillion in 2023. That is according to the apex bank’s 2024 financial statement released on Friday, which highlighted improved operational efficiency, a stronger external reserve position, […]

Politics

16 h. ago VeryDarkMan Arrested At GTBank Branch After Exposing Unauthorized Deductions From Mother’s Account

Martins Vincent Otse, a popular Nigerian social media influencer known as VeryDarkMan, has been arrested by the Nigerian police in Abuja. His arrest followed his public complaints about unauthorized debits from his mother’s bank account, at the request of Guaranty Trust Bank (GTBank). Barrister Deji Adeyanju, the legal representative of VeryDarkMan, confirmed the arrest to […] The post VeryDarkMan Arrested At GTBank Branch After Exposing Unauthorized Deductions From Mother’s Account appeared first on Information Nigeria.

Politics

16 h. ago President AfDB Adesina pays tribute to late Afenifere leader Pa Adebanjo

Says late Adebanjo “Nigeria’s gladiator of truth.” From Okwe Obi, Abuja President and Chairman of the Boards of Directors African Development Bank Group, Akinwumi Adesina, has described the late Afenifere leader Pa Ayo Adebanjo as “Nigeria’s gladiator of truth.” In his tribute recently, to the late elder statesman who died at the age of 96, […] The post President AfDB Adesina pays tribute to late Afenifere leader Pa Adebanjo appeared first on The Sun Nigeria.

Politics

17 h. ago AfDB’s $614m bet on Nigeria’s creative economy to add $6.4bn, create 6m jobs

I-DICE program targets tech, media, and digital entrepreneurs in growth push The African Development Bank (AfDB) is investing $614 million read more AfDB’s $614m bet on Nigeria’s creative economy to add $6.4bn, create 6m jobs

Politics

17 h. ago AfDB chief urges Nigeria to industrialise critical minerals for growth

warns of export shocks, backs value-added production African Development Bank (AfDB) President Akinwumi Adesina has urged Nigeria to industrialise around read more AfDB chief urges Nigeria to industrialise critical minerals for growth

Politics

17 h. ago Cyber Resilience Trumps Cybersecurity in Digital Jewels, CIBN Workshop for Financial Institutions’ Executives

The Chartered Institute of Bankers of Nigeria (CIBN), through its Centre for Financial Studies, in collaboration with Digital Jewels Africa, read more Cyber Resilience Trumps Cybersecurity in Digital Jewels, CIBN Workshop for Financial Institutions’ Executives

Politics

20 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

23 h. ago Akinwumi Adesina urges bold reforms for Nigeria’s economic future

Akinwumi Adesina, President of the African Development Bank (AfDB), has urged Nigeria to urgently transform its economy to become a read more Akinwumi Adesina urges bold reforms for Nigeria’s economic future

Politics

26 h. ago AfDB approves $650m annual commitment to boost economic growth

The Board of Directors of the African Development Bank Group (AfDB) has approved a new Country Strategy Paper (CSP) for Nigeria covering the period 2025–2030. The CSP includes an annual commitment of approximately $650m to accelerate economic transformation, resilience, and inclusive prosperity. Over the initial four years, the AfDB will disburse $2.95bn, with an additional […] The post AfDB approves $650m annual commitment to boost economic growth appeared first on The Sun Nigeria.

Politics

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

32 h. ago Gala insider: Chelsea, Barcelona, PSG more likely to sign Osimhen

Galatasaray insider Emre Kaplan has suggested that Chelsea, Barcelona, or Paris Saint-Germain are more likely destinations for Victor Osimhen than Manchester United in the upcoming summer transfer window. Osimhen, currently on loan at Galatasaray from Napoli, has been in sensational form since his arrival, drawing attention from several European giants, including Manchester United, who are […] The post Gala insider: Chelsea, Barcelona, PSG more likely to sign Osimhen appeared first on The Sun Nigeria.

Politics

38 h. ago Sea pirates abduct four market women on Bayelsa waterways, lawmaker demands action

From Femi Folaranmi, Yenagoa Fear has gripped Bayelsa’s Southern Ijaw Local Government Area following the kidnapping of four women traders by suspected sea pirates on Wednesday, April 30, along the Lobia/Foropa waterways. The women were en route to Foropa when their boat was attacked shortly after departing Swali waterfront in Yenagoa, sparking panic among residents […] The post Sea pirates abduct four market women on Bayelsa waterways, lawmaker demands action appeared first on The Sun Nigeria.

Politics

42 h. ago Tinubu to workers: You’re engine of Nigerian economy, key to growth

From Juliana Taiwo-Obalonye, Abuja President Bola Tinubu has reaffirmed his commitment to prioritising the welfare of Nigerian workers on Workers’ Day, Thursday, May 1, 2025. In a message posted on his official X account @officialABAT, the president described workers as the “engine of our economy and the secret to our nation’s growth”, pledging sustained collaboration […] The post Tinubu to workers: You’re engine of Nigerian economy, key to growth appeared first on The Sun Nigeria.

Politics

42 h. ago Workers Day: Katsina NLC Laments Poor Condition Of Health Ministry, Demands Implementation Of New Minimum Wage

Nigerian Labour Congress, Katsina State chapter, has lamented over poor condition of the state’s health sector, saying that there is need for more health workers. The group also called for immediate implementation of the full minimum wage across all sectors of government. Speaking during celebration of 2025 Workers’ Day in Katsina on Thursday, Chairman of […] The post Workers Day: Katsina NLC Laments Poor Condition Of Health Ministry, Demands Implementation Of New Minimum Wage appeared first on Information Nigeria.

Politics

42 h. ago Portable Escapes Jail After Paying N30,000 Fine For Assault Conviction

Controversial Nigerian singer Habeeb Okikiola, widely known as Portable, avoided a three-month jail term by opting to pay the court-imposed fine of N30,000. A court presided over by Chief Magistrate Babajide Ilo in Ifo, Ogun State, on Tuesday sentenced singer Portable to three months in prison for assault, offering him the option of a N30,000 […] The post Portable Escapes Jail After Paying N30,000 Fine For Assault Conviction appeared first on Information Nigeria.

Events

43 h. ago ICPC Probes NELFUND Over N71.2bn Discrepancy In Student Loan Disbursement

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has launched investigations into alleged discrepancies surrounding the disbursement of student loans by the Nigeria Education Loan Fund (NELFUND). This was disclosed in a statement by the commission on Thursday, stating that the Chief Executive Officer of NELFUND, Akintunde Sawyerr, officials of the Central Bank […]

Politics