The Nigeria Data Protection Commission (NDPC) says it has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws. The commission’s Head of Legal, Enforcement and Regulations, Mr Babatunde Bamigboye, disclosed this in a statement on Wednesday in Abuja. Bamigboye explained that the investigation followed public complaints alleging that students’ personal data were used to open bank accounts without a lawful basis. He said the National Commissioner of the NDPC, Dr Vincent Olatunji, directed the investigation team to conduct a comprehensive assessment of the circumstances surrounding the collection,…
Author: Abdoulaye Kay
The University of Benin Teaching Hospital (UBTH) has increased the capacity of its mortuary from 72 to 460 chillers and introduced numbered compartments for improved identification and storage of bodies. The Chief Medical Director (CMD) of UBTH, Mrs Idia Ize-Iyamu, disclosed this at a news conference on Wednesday in Benin after a facility tour of the hospital. Ize-Iyamu said the renovated mortuary was also equipped with modern stretchers and other facilities to improve the handling and storage of bodies. She said the hospital had constructed a new Multi-Faith Centre to provide a convenient place for people to perform interment rites…
Osun State Governor and Accord Party governorship candidate, Ademola Adeleke, says he is not intimidated by the support of the Federal Government and some state governors for the All Progressives Congress (APC) candidate, Munirudeen Oyebamiji. Adeleke said the political backing for his major opponent would not determine the outcome of the August 15 governorship election, insisting that the electorate would ultimately decide who wins. The governor spoke on Tuesday during an Arise News town hall meeting in Osogbo attended by leading candidates in the election. Reacting to the campaign activities of governors supporting Oyebamiji, Adeleke described himself as a “bulldozer”…
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) and assumed direct regulatory control of the utility over persistent financial, operational and regulatory failures. The intervention, contained in Order No. NERC/2026/086 issued on Monday, took effect on August 10, 2026, following an inquiry and consultations with key stakeholders, including the Bureau of Public Enterprises (BPE). NERC appointed KAEDC’s Managing Director/Chief Executive Officer, Dr Abubakar Umar Hashidu, as administrator for an initial six-month period. The Commission said the DisCo had reached a “grave situation” characterised by prolonged defaults in its market obligations, inadequate investment,…
The naira remained broadly stable against the US dollar, closing around N1,367/$ as sustained interventions by the Central Bank of Nigeria (CBN) helped contain pressure on the local currency. The naira opened the final trading day of the week at about N1,366.5/$, reflecting relatively narrow movements in the official foreign exchange market. Market conditions have increasingly favoured the naira, with stronger dollar supply, local bank sales and continued CBN intervention helping to limit volatility. The CBN has maintained an active presence in the FX market, including dollar sales to Bureau de Change operators and other authorised dealers, as part of…
The Central Bank of Nigeria’s foreign exchange reforms are beginning to reach consumers, with commercial banks expanding international spending limits on naira-denominated cards as dollar liquidity improves. Guaranty Trust Bank (GTBank) has raised the quarterly international spending limit on its naira cards to $20,000, up sharply from the $6,000 ceiling introduced in November 2025 and the $1,000 limit announced in July 2025. The higher threshold gives eligible customers greater capacity to pay for international transactions, including airline tickets, hotel bookings, tuition and purchases of goods and services abroad. The development points to improving liquidity in Nigeria’s foreign exchange market and…
Nigerians earning between N150,001 and N250,000 monthly recorded the highest perception of inflation among household income groups in July, according to the Central Bank of Nigeria (CBN). The finding is contained in the apex bank’s July 2026 Inflation Expectation Survey, which examined households’ and businesses’ perceptions of price pressures and their expectations for the months ahead. The survey showed that 71 per cent of households within the N150,001–N250,000 income bracket perceived inflation at a high level during the month. ALSO READ CBN: Multiple taxation still top business headache despite tax reforms In contrast, households earning between N350,001 and N450,000 recorded…
Multiple taxation remains the biggest constraint facing Nigerian businesses despite the Federal Government’s sweeping tax reforms, a new Central Bank of Nigeria (CBN) survey has revealed. The CBN’s July 2026 Business Expectations Survey showed that 70.8 per cent of businesses identified high and multiple taxation as their most pressing challenge. Insecurity ranked second with 69.7 points, while high interest rates followed at 66.3 points. Other major constraints identified by businesses included an unfavourable political climate, 62.2 points; high bank charges, 62.0 points; competition, 61.1 points; unclear economic laws, 58.4 points; financial constraints, 56.6 points; and poor infrastructure, 55.1 points. (Nairametrics)…
The De Renaissance Patriots Foundation has called for indigenous communities in Lagos State to enjoy lasting economic benefits from major industrial investments, including the Dangote Petroleum Refinery, Summit Oil’s exploration activities in Badagry and other large-scale developments across the state. The socio-cultural organisation said the presence of such investments should translate into sustainable employment, improved infrastructure, quality education, healthcare and other long-term economic opportunities for host communities rather than leaving indigenous residents to contend with unemployment, inadequate social services and economic hardship. In an open letter dated Thursday, August 6, 2026, jointly signed by its President, Mr. Miftah Bolaji Are,…
The Osun State Government has dismissed allegations by the Economic and Financial Crimes Commission (EFCC) that about ₦11 billion in public funds was being diverted, insisting that no money was looted and describing the anti-graft agency’s actions as politically motivated. The state’s response comes amid the controversy triggered by the EFCC’s decision to freeze Osun Government bank accounts over an alleged ₦11 billion fraud investigation, a move that President Bola Tinubu has since reversed by directing the commission to immediately unfreeze the accounts. In a statement issued on Wednesday by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, the…