The Central Bank of Nigeria (CBN) has revised its guidelines on dormant accounts, removing the mandatory affidavit requirement for customers seeking to reactivate such accounts. In a circular dated March 12, 2026, issued to banks and other financial institutions, the apex bank said it had “rescinded the requirement under Section 8.0(ii) for the mandatory use of affidavits in the reactivation of dormant accounts,” following representations from stakeholders. The circular, signed by the Director of the Financial Policy and Regulation Department, Dr. Rita Sike, said the move is aimed at simplifying the reactivation process while maintaining safeguards to protect the integrity…
Author: Newsdesk
The naira closed the week on a positive note on Friday, March 13, 2026, appreciating to N1,366.23 against the United States dollar at the official market. Data released by the Central Bank of Nigeria (CBN) showed that the naira gained N5.27 during Friday’s trading session. The development reflects a 0.3 per cent increase when compared with Thursday’s closing rate of N1,371.50 to the dollar. The Nigerian currency had recorded steady appreciation during the week amid sustained market activity and foreign exchange supply. At the start of trading on Monday, the naira exchanged at N1,405.62 against the dollar. The currency strengthened…
Gov. Babajide Sanwo-Olu of Lagos State has announced plans to issue an executive order to prohibit school-age children from roaming the streets during school hours, and launch a 25 million dollars outcomes-based education fund. Sanwo-Olu disclosed this while speaking at the launch of the Lagos Education Access Fund (LEAF) and inauguration of the Lagos State Universal Basic Education Board (LASUBEB) on Friday. The governor stated that the executive order would strengthen measures against out-of-school children and increase accountability among parents, communities, and institutions tasked with ensuring every school-age child attends school regularly. “I will be issuing an executive order to…
The Social Transparency and Youth Leadership Advancement Initiative has called for administrative review and governance reforms at the National Hydro Electric Power Producing Areas Development Commission (HYPPADEC). The group made the call at a media briefing on Friday in Abuja. Convener of the group, Comrade Okpanachi Jacob, said the briefing followed allegations concerning governance, procurement transparency and administrative practices within the commission. Jacob said the organisation was committed to promoting transparency, responsible governance and youth-driven accountability in public institutions. He said recent allegations surrounding HYPPADEC’s management had generated public interest and raised questions about institutional oversight and workplace governance. Jacob…
Presco Plc has announced its plan to invest $200 million in Abia’s oil palm sector. The company’s Chairman, Mr Olakanmi Sarumi, made this known Friday, when the Management of the organisation and Afrinvest visited Gov. Alex Otti in Nvosi, Isiala Ngwa South Local Government Area. Sarumi said that the proposed investment would see the development of oil palm plantations on about 14,086 hectares of a 20,000-hectare concession in Ozuitem, Abam, and Ulonna. “Our task from the Governor and the state is to establish a mutually beneficial relationship, facilitate land acquisition for Presco Plc, and provide security support to realise this…
The Federal Government has urged women to take advantage of trade and entrepreneurship opportunities to strengthen Nigeria’s economy. Dr Jumoke Oduwole, Minister of Industry, Trade and Investment disclosed this while marking the International Women’s Day (IWD) on Friday in Abuja. Ashenews gathered through NAN reports that the IWD is celebrated annually on March 8, to honor the social, economic, cultural and political achievements of women. The theme of the 2026 IWD is “Give to Gain”. Oduwole said that the celebration was to expand opportunities for women and strengthen their role in trade, entrepreneurship and national development. She urged women to…
The Hadejia Jama’are River Basin Development Authority (HJRBD) will inaugurate an 8 Megawatt turbine test run at Tiga Dam on Saturday, marking a milestone in power supply in Kano State. This is contained in a statement issued by HJRBD Managing Director Rabiu Bichi on Saturday in Kano. Bichi said the left side and river bed outlets would be temporarily closed with water discharged through turbines thereby ensuring no downstream shortages. He explained that the test run marks a major power generation milestone for Kano State. “The left side and river bed outlets will be temporarily closed for the technical exercise,…
The Centre for Information Technology and Development (CITAD) expresses deep concern over the continued detention of Sani Waspapping and Abubakar Adamu over social media commentary relating to the ongoing conflict in the Middle East by the Department of State Services (DSS). According to credible reports, one of the two detainees is facing prosecution on questionable charges. We have also received disturbing reports that several individuals who have expressed critical views about the policies of the United States and Israel have been invited or summoned by the DSS. CITAD considers these actions deeply troubling and inconsistent with the constitutional guarantees of…
Governor Babagana Zulum has approved the immediate recruitment of 473 medical personnel and a 40 per cent rural posting allowance for nurses to strengthen healthcare delivery across Borno State. The development was disclosed in Maiduguri by Prof. Abubakar Kullima, Chief Medical Director of the Borno State Hospitals Management Board, in a statement announcing the governor’s approval of the initiative. According to Kullima, the recruitment is aimed at improving access to quality healthcare services and addressing manpower gaps in hospitals and primary healthcare centres across the state. He explained that the approval covers a wide range of health professionals, including medical doctors, nurses, pharmacists, laboratory scientists, Community…
The Nigeria Union of Journalists (NUJ), Niger State Council, has expressed concern over the increasing rate of impersonation by content creators posing as professional journalists, describing the trend as damaging to the image of the journalism profession in the state. The State Chairman of NUJ, Dr Abu Ahmodu, raised the concern in an interview with reporters in Minna, noting that the situation was becoming worrisome and required urgent attention. Dr. Nmodu disclosed that the union would soon commence a special training programme for journalists on digital media usage in the state capital to strengthen professional capacity and ensure practitioners remain…