The Central Bank of Nigeria (CBN) reduced its personnel expenses by N193.14 billion in 2025 following the implementation of its voluntary Early Exit Programme, according to the apex bank’s audited financial statements. Personnel costs for the CBN fell by 32.4 per cent to N402.76 billion in 2025, compared with N595.90 billion recorded in 2024. At the Group level, personnel expenses declined by N192.29 billion, or 31.6 per cent, from N608.55 billion to N416.26 billion during the same period. The reduction followed the workforce restructuring programme introduced under Governor Olayemi Cardoso as part of efforts to streamline operations, improve efficiency and…
Author: Newsdesk
The Federal Government has urged Lagos residents to support flood mitigation efforts by avoiding indiscriminate waste disposal into drainage channels, saying poor waste management contributes to urban flooding. The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, made the call during an assessment visit to flood-prone communities and critical water infrastructure in Lagos. In a statement on Friday, Utsev said effective flood management required collective responsibility. He urged residents to protect drainage infrastructure and maintain a clean environment. He said the assessment was part of a nationwide initiative to identify water, sanitation, hygiene and flood-related challenges across the 36…
Gov. Lucky Aiyedatiwa of Ondo State has released N49 million to offset medical bills for 43 residents suffering from serious health conditions. Aiyedatiwa, represented by the Commissioner for Health, Dr Banji Ajaka, presented cheques to the beneficiaries on Friday in Akure. The governor recalled that 33 residents benefited from a similar intervention in 2025, when N39 million was disbursed. He said the assistance was a humanitarian initiative aimed at saving lives and carried no ethnic, religious or political considerations. According to him, the fund increased by N10 million, rising from N39 million for 33 beneficiaries in 2025 to N49 million…
MTN Nigeria invested N1.62 trillion in network infrastructure between 2025 and the first half of 2026, as its profit after tax rose 70.6 per cent to N707.5 billion. The Chief Financial Officer of MTN Nigeria, Mr Modupe Kadri, disclosed this during an interactive session with journalists in Lagos at the company’s H1 2026 Mid-Year Catch-Up Presentation. The presentation was titled “Beyond the Numbers: What the Results Tell Us About Nigeria’s Digital Future.” Kadri said the sustained investment was aimed at expanding broadband access, improving service quality and supporting Nigeria’s digital economy and long-term growth. He said the telecom operator reported…
Gov. Babajide Sanwo-Olu has condemned the vandalism of the Festac-Alakija Bridge and directed security agencies to arrest and prosecute those responsible. The governor’s position is contained in a statement issued on Friday by the Commissioner for Information and Strategy, Mr Gbenga Omotoso. Sanwo-Olu described the incident as barbaric and criminal, warning that Lagos State would not tolerate actions capable of undermining critical public infrastructure. “Lagos will not tolerate any act of vandalism because it is barbaric and criminal,” the governor said. He disclosed that officials from the Office of Infrastructure inspected the bridge after the incident and assessed its condition.…
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has raised the alarm over a “mysterious” credit alert in one of his private bank accounts. Atiku’s Senior Special Assistant on Public Communication, Phrank Shaibu, disclosed this in a statement on Friday, saying the transfer was made by an individual unknown to the former Vice President. Shaibu said the transaction carried the narration, “Contribution Electioneering Campaign,” but stressed that neither Atiku nor his campaign solicited or authorised the payment. According to him, the affected account is strictly private, with its details not publicly available. “The circumstances surrounding the…
Benue State University Teaching Hospital (BSUTH) says it now offers complete In Vitro Fertilisation (IVF) services for just N700,000. This is a fraction of the price charged for such services in Abuja and other major cities, where fertility treatment costs between N4 million and N5 million. The Medical Director of the hospital, Dr Stephen Hwande, said the subsidised IVF programme was attracting patients who would otherwise spend millions in other cities for the same fertility treatment. Hwande spoke at the BSUTH Therapeutic Centre for Children with Special Needs in Makurdi during an inspection tour by the Renewed Hope Ambassadors Presidential…
The Lagos State Government says it has arrested 27 suspected hoodlums for allegedly vandalising a newly constructed bridge linking Festac Town and Alakija. The Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab, disclosed this on Friday through his official X handle. Wahab said the arrests followed a directive by Governor Babajide Sanwo-Olu to eliminate environmental infractions along the Lagos-Badagry Transnational Highway. He said the enforcement targeted environmental pollution, illegal motor parks, roadside trading, market displays, highway setbacks and pedestrian walkways. According to him, officials discovered extensive vandalism beneath the newly constructed bridge linking Festac Town and Alakija during…
A non-governmental organisation (NGO), the Women’s Technology Empowerment Centre (W.TEC), says it has trained no fewer than 60,000 girls and young women across Nigeria in Science, Technology, Engineering and Mathematics (STEM). W.TEC Programme Assistant Mrs Kabirat Oduntan made this known during a programme themed “She Creates Camp” held in Akure on Friday. According to Oduntan, the programme exposed participants from West Africa and Southern Africa to career opportunities in engineering, technology and innovation. She explained that the organisation was established to challenge stereotypes that portray STEM careers as being exclusively for men. She said: “W.TEC has used many years to…
Stakeholders in the disability sector have clarified that tribal marks, bowlegs, wearing glasses and other physical features should not be classified as disabilities. The stakeholders made the clarification during a discussion on disability models and inclusive approaches organised by the Centre for Citizens with Disabilities (CCD) on Friday in Abuja. The meeting, supported by the International Climate Initiative (IKI), focused on greenhouse gas emissions and climate change adaptation and mitigation in Nigeria, viewing Persons with Disabilities (PWDs) as agents of climate action. Mrs Florence Austin, CCD Finance and Administration Manager, said there was a need to distinguish between physical characteristics,…