The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has hosted the 35th Governing Board Meeting of the International Islamic Liquidity Management Corporation (IILM) for the first time in Nigeria. The meeting took place at the CBN Headquarters in Abuja. The event coincides with Cardoso’s tenure as Chair of the IILM Governing Board, underscoring Nigeria’s rising profile in global Islamic finance and its commitment to deepening the country’s non-interest financial markets. Central banking leaders from Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the United Arab Emirates (UAE) and the Islamic Corporation for the Development of the…
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The Central Bank of Nigeria (CBN) has removed cash deposit limits and increased the weekly cash withdrawal limit from N100,000 to N500,000 for individuals. The announcement was contained in a circular issued to all banks and other financial institutions, signed by Dr. Rita Sike, Director of the Financial Policy and Regulation Department. Sike explained that the revised guidelines are part of ongoing efforts to reduce the rising cost of cash management and address emerging security concerns. She added that the policy update will also help curb money laundering risks associated with a high dependence on cash. She noted that earlier…
To date, I have visited Saudi Arabia four times, beginning with my first trip in 2010 and twice this year, in March and November 2025. During each of my last three visits, I was consistently amazed and stunned by the incredible and supersonic level of infrastructural development. I believe the Saudi Arabian authorities are fully aware of the enormous spiritual responsibilities placed on the country, being the world center for Muslims. Every Muslim around the world wishes to perform one of the five required acts of the Islamic faith. For a Muslim, performing Hajj, which is performed only in Makkah…
Vaccines represent one of the greatest feats of modern medicine, with their evolution traceable to Edward Jenner’s 18th-century smallpox inoculation, evolving to today’s complex molecular platforms. These biological preparations safely prime the immune system to recognise and fight pathogens, preventing over 30 infectious diseases globally. For decades, widespread vaccination led to the elimination or dramatic reduction of scourges like polio and measles. However, while vaccines remain one of humanity’s greatest achievements, Nigeria continues to face hurdles in realising their full potential, experts say. The country continues to battle outbreaks of preventable diseases, including diphtheria, recurring measles, mpox, and others, often…
Last week, a Federal High Court judge, James Omotosho, sentenced separatist leader Nnamdi Kanu to life in prison after convicting him on seven terrorism-related charges. This came after a decade-long trial in which prosecutors proved that his broadcasts and orders to his banned Indigenous People of Biafra (IPOB) group incited deadly attacks on security forces and citizens. Prosecutors had sought the death penalty, but the judge noted that “it is now being frowned upon by the international community. Consequently, in the interests of justice, and to temper justice with mercy, despite Kanu’s arrogance and lack of remorse, I hereby sentence…
President Bola Ahmed Tinubu has transmitted a new list of 32 ambassadorial nominees to the Senate, expanding the ongoing diplomatic reshuffle that began earlier in the week with an initial batch of three names. In two separate letters addressed to Senate President Godswill Akpabio, President Tinubu requested the lawmakers to “consider and confirm expeditiously” 15 career ambassadors and 17 non-career ambassadors. According to the nomination list, four women were selected among the career nominees, while six women made the non-career category. Prominent figures on the non-career list include former presidential aide Barrister Ogbonnaya Kalu (Abia), social commentator and former presidential…
Last week, I made a presentation on the above topic at the Arewa Consultative Forum 25 Anniversary Celebrations in Kaduna. I accepted the challenge because the formulation of the topic is an indication that there is a new interest in trend analysis or futures studies within the leadership of this organisation. This is an interdisciplinary field that systematically explores and analyses possible, deplorable, probable, and/or preferable futures to inform decision-making today. A trend analysis of where Arewa is headed in the next 25 years, 2050, will reveal a clear pathway to ANNIHILATION. There is no soft way of describing the outcome…
It has been another tough week for Nigerians confronted with political gangsterism from the highest levels of the State that is tearing Nigeria at the seams. There is apparently a belief in Nigeria’s ruling circles that they can do anything and get away with it, while keeping their power intact. I think they are wrong. We cannot continue with seasons of anomie closely following each other and maintain a country.There has simply been too many negatives following day after day in recent times. One of the most painful events was the killing of Brig Gen Musa Uba, the commander of…
Scholars and security experts have urged President Bola Ahmed Tinubu to take immediate and strategic action toward addressing Nigeria’s escalating insecurity, stressing that impunity and lack of accountability are major enablers of violence across the country. The appeal was contained in a communique issued at the end of the 2nd Virtual Symposium organized by the Centre for Peace Studies, Usmanu Danfodiyo University, Sokoto (CPS-UDUS), signed by its Director, Prof. Uthman Abdullahi AbdulQadir, which serves as the official source of this report. In the communique, the symposium called on President Tinubu to urgently convene meetings of the National Defence Council (NDC)…
Think about the man who plans for the future of your children. Think about the man who works to provide quality education in a conducive learning environment. Think about the man who prioritizes good healthcare for your children. ALSO READ Imole Progressive Network launches agricultural empowerment programme for Ondo North farmers Think about the man who promotes clean and hygienic living for all families. He provides clean water for communities. He distributes free food to families through his Imole Progressive Network. He ensures food security in every home through his Imole Agricultural Program. He is committed to the growth, development,…