The Nigeria Deposit Insurance Corporation (NDIC) has formally commenced the liquidation process for Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, following the revocation of their licenses by the Central Bank of Nigeria (CBN) on December 15, 2025. This decision aligns with the provisions outlined in the Banks and Other Financial…
In a significant development for the banking sector, the Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System (NIBSS) Plc. are poised to sign a Memorandum of Understanding (MoU) that aims to streamline the reimbursement process for depositors in the event of bank failures. This announcement was made by NDIC’s Managing Director/Chief Executive,…
Former Chief Justice of Nigeria (CJN), Justice Ibrahim Tanko Muhammad (retd.), is dead. A close source confirmed to SaharaReporters on Tuesday morning that the former head of Nigerian judiciary passed away at a hospital in Saudi Arabia. “Ex-CJN Tanko Muhammad is dead. He passed away this morning at a Saudi Arabian Hospital,” the source said….
Viju Industries (Nigeria) Ltd., manufacturers of the trusted Viju Milk brand, has reaffirmed its commitment to community development by empowering over 2,000 institutions and organizations across Nigeria through its 2025 end-of-year Corporate Social Responsibility (CSR) initiative, themed “Celebrate Their Brilliance 3.3.” The 2025 edition marks a significant expansion of the programme. Unlike previous…
December is a season built on gratitude, reflection, and giving. It is a time when small gestures carry deeper meaning and everyday moments turn into shared joy. At Wema Bank, this spirit of the season has inspired the launch of 12 Days of Christmas with 5 for 5 Rewards, a festive campaign created to…
Nigerian recording artist, songwriter and producer, Stoner Beekay, fondly known as the unusual African kid, is set to take centre stage at Eko Hotel, Lagos, on December 28, 2025, in what promises to be a defining moment for one of the country’s most distinctive young voices. Renowned for pioneering a vibrant and evolving sonic…
Salawa Abeni, Segun Johnson, Bro Shaggy and host of leading Nigerian Artistes and Comedians light-up the 7th edition of the largest indigenous food festival, Ofada Rice Day- themed Eko Dun Joor. The event, which was held at the Muri Okunola park, Victoria island Lagos had over 8,000 attendees. The festival, which showcased the richness of…
The Federal Government has established a definitive timeline for stricter tax compliance, mandating that banks require a Tax Identification Number (TIN) from all taxable Nigerians maintaining bank accounts beginning January 1, 2026. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, disclosed the regulatory overhaul in a recent interview shared on…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 12th December, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market?…
President Bola Ahmed Tinubu has approved the establishment of a new Depot Nigerian Army in Abakaliki, Ebonyi State. It was gathered that the new depot was established as part of efforts to expand the manpower and operational capacity of the Nigerian Army. Sources told Zagazola Makama that the new Depot would complement existing Army…
