By Ayomide Otitoju The Federal Government is set to raise ₦300 billion from the domestic bond market in May 2025, as it continues to leverage local debt instruments to support economic reforms, sustain public financing, and maintain investor confidence. The fundraising plan, announced by the Debt Management Office (DMO) on Thursday, represents a 12.5 per…
By Ayomide Otitoju Chairman of FBN Holdings Plc, Femi Otedola, has attributed his ₦320 billion personal investment in First Bank to the economic reforms of the Federal Government and policy measures of the Central Bank of Nigeria (CBN), which he says have restored investor confidence in Nigeria’s financial system. Speaking on Thursday at the 13th…
By Ayomide Otitoju Nigeria’s external debt servicing costs surged by 49 per cent year-on-year in the first four months of 2025, with the Federal Government spending approximately $2.01 billion, according to the latest international payments data released by the Central Bank of Nigeria (CBN). The figure marks a significant increase from the $1.33 billion recorded…
By Ayomide Otitoju PRO International Concept Ltd. has filed a contempt of court application at the Federal High Court in Lagos, seeking the imprisonment of Babatunde Olofin, Managing Director of Moniepoint, alongside several other bank executives, over alleged disobedience of court orders relating to the recovery of N95 million. The company alleges that the sum…
By Ayomide Otitoju Secretary to the Government of the Federation (SGF), George Akume, has drawn a striking comparison between President Bola Ahmed Tinubu and Singapore’s founding father, Lee Kuan Yew, lauding Tinubu’s “reform-driven governance” as a transformative force in Nigeria’s development journey. Speaking on Thursday at the All Progressives Congress (APC) National Summit in Abuja,…
By Ayomide Otitoju Armed men have abducted a 76-year-old retired Major of the Nigerian Army, Joe Ajayi, from his home in Odo-Ape, Kabba-Bunu Local Government Area of Kogi State, further fueling concerns over the rising wave of insecurity in the region. Ajayi, a former chairman of the Christian Association of Nigeria (CAN), Kabba-Bunu chapter, was…
By Ayomide Otitoju Israel’s intensifying military operations have pushed Gaza’s fragile health system to the verge of collapse, the World Health Organization (WHO) has warned, as hospitals shut down and essential services vanish under continued bombardment, displacement, and critical shortages. In a statement on Friday, WHO revealed that only 19 of the Gaza Strip’s 36…
By Ayomide Otitoju Proceedings at the Federal High Court in Abuja grew tense on Thursday as the trial of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), resumed with a stern reprimand from the presiding judge directed at the Federal Government over repeated delays and lack of preparedness. The judge, visibly frustrated by…
By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu, has urged African leaders to reform higher education across the continent to promote entrepreneurship and equip young people with skills relevant to the rapidly evolving demands of the 21st century. Delivering the keynote address on Thursday at the official launch of the Centre for African Social…
