UBA Leads Nigeria’s AI-Driven Banking Revolution as Competitors Scramble to Innovate
Artificial Intelligence (AI) is fast becoming the defining force of international finance, influencing how banks communicate with customers, manage risks, and develop operational efficiencies. In Nigeria – the country’s banking sector is extremely competitive and central to Africa’s largest economy, UBA has moved to the forefront of its peers in adopting AI strategies to innovate […]
DSS Files Terrorism Charges Against Ansaru Leaders Over Kuje Prison Break
The Department of State Services (DSS) has filed terrorism charges against two high-ranking Ansaru commanders who were alleged to have launched violent attacks in Nigeria, including the Kuje prison break in 2022. The suspects, Mahmud Muhammad Usman, aka Abu Bara’a Abbas, aka Mukhtar, and his deputy, Mahmud al-Nigeri, aka Malam Mamuda, were arrested in operations […]
Sijibomi Ogundele Denies Fraud Allegation in Enugu Contract Dispute
Sijibomi Ogundele, popularly known as Sujimoto’s CEO, has vehemently denounced the allegations of money laundering and diversion of funds asserted by the Economic and Financial Crimes Commission (EFCC). Declared wanted by the agency, the real estate businessman appeared in an emotional video saying he is not a kidnapper or a fugitive. At the center of […]
FG Introduces Tax Identification Number Requirement for Banking and Financial Services from 2026
The Federal Government has made it a requirement for all Nigerians—and non-residents with taxable engagements—to obtain a Tax Identification Number (Tax ID) to open bank accounts and access financial services starting January 1, 2026. This significant requirement for a Tax ID identifies accessible key component of the broader Nigeria Tax Administration Act, 2025, assented to […]
Ex-police officer arrested for impersonation at Lagos Police Command
The Lagos State Police Command has arrested a dismissed police officer, Olabode Momoh who was arrested for impersonation after he allegedly presumed the rank of Inspector and resumed duty at the Ejigbo Division. Momoh was a dismissed police officer since 2005 from the Nigeria Police Force and assumed duty at the Ejigbo Division when he […]
Fuel Scarcity Looms as NUPENG-Fueled Shutdown Hits Dangote Distribution Plans
A fuel shortage may be imminent as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) holds firm in their stance against Dangote Refinery. The basis of the dispute is the refinery’s plan to import and deploy thousands of Compressed Natural Gas (CNG) trucks (estimated to be 4,000 to 10,000) for fuel distribution logistics. […]
Angela Rayner Resigns as UK Deputy Prime Minister Following Tax Breach
Angela Rayner has resigned as UK’s Deputy Prime Minister after an independent ethics investigation into her taxes. In the investigation, Rayner grossly underpaid about £40,000 in stamp duty for her property purchase and investigators said it had breached the ministerial code by not seeking appropriate tax advice according to the report of the Government’s adviser […]
EFCC Declares Sujimoto CEO Wanted, Ogundele Vows to Defend Reputation
The Economic and Financial Crimes Commission (EFCC) indicated that it was looking for Olasijibomi Ogundele, the Chief Executive Officer (CEO) of Sujimoto Luxury Construction Limited, due to suspicion of money laundering, and diversions. The Commission indicated that anyone who has credible information on Ogundele’s whereabouts to contact any of its offices. It advised that Ogundele […]
Immigration Raid Places Hold on Hyundai-LG Battery Plant Construction in the U.S.
On Tuesday, September 12, about 500 workers were detained in a sizeable immigration raid by U.S. federal authorities at the Hyundai-LG Energy Solution construction site of a battery plant in Georgia. The Department of Homeland Security confirmed that 475 were detained in what is now one of the largest workplace enforcement actions in U.S. history. […]
Nigeria Sets Extraordinary 2030 Target of 10 Billion SCF of Gas Daily Production
The federal government of Nigeria has reiterated, on October 16, its ambitious target of 10 billion standard cubic feet (SCF) daily gas production by 2030. The target is part of Nigeria’s aspirations for energy security and industrial development. Wale Edun, Finance Minister and Coordinating Minister of the Economy announced the target during a Strategic meeting […]