Author: Aminu Imam

CBN limits mobile banking apps to one device per customer, to curb fraud

Aminu Imam
CBN on mobile banking

The Central Bank of Nigeria (CBN) has introduced new regulations aimed at strengthening the security of mobile banking and instant payment services, including a policy that restricts each banking application to a single device per customer. The new directive, which takes effect on July 1, 2026, was contained in a circular issued to banks, financial institutions, and payment service providers by the apex bank’s Payments System Policy Department, and signed by its Director, Musa Jimoh. Under the new framework, customers will no longer be able to operate the same mobile…

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‘63% poverty rate Tinubu’s true economic scorecard’ – ADC

Aminu Imam
ADC on Tinubu scorecard

The African Democratic Congress (ADC) has described reports indicating that Nigeria’s poverty rate has risen to 63% following the removal of petrol subsidy as the real scorecard of President Bola Tinubu’s administration. The party said the figures represent the direct consequences of what it called the Government’s ill-defined neoliberal economic policies and a reflection of the deepening economic hardship confronting millions of Nigerians. In a statement issued on Friday by the National Publicity Secretary, Bolaji Abdullahi, the ADC said the latest report confirms what citizens across the Country have been…

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Petroleum Sector: Tinubu sets up Task Force to drive new reforms

Aminu Imam
Defence Min. urges Nigerians2

President Bola Tinubu has approved the establishment of a ‘Presidential Petroleum Reform and Value-Optimisation Task Force, to drive the next phase of structural reforms in Nigeria’s petroleum sector. The development was disclosed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. According to the statement, the Task Force will be chaired by Fola Adeola, co-founder of Guaranty Trust Bank (GTBank) and founder of FATE Foundation. He will coordinate the activities of the team and ensure the timely delivery of its mandate. Other members of…

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Ogun: Govt. engages Fulani leaders to strengthen peace, security

Aminu Imam
Ogun govt. engages Fulani

The Ogun State government has convened a strategic security meeting with Fulani leaders, security agencies, and other critical stakeholders as part of efforts to strengthen peace and prevent potential security threats across the state. Special Adviser to the Governor on Security, AIG Olusola Subair, a retired Assistant Inspector General of Police (rtd), conveyed the meeting held in Abeokuta, Ogun State capital. The meeting brought together security service chiefs, security consultants, representatives of local government chairmen, traditional Fulani leaders (Serikis), and representatives of the Miyetti-Allah group. Subair, speaking at the meeting…

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Muslim group accuses US, Israel of backing separatism in Nigeria

Aminu Imam
Muslim group accusesUS, Israel

…Warns of civil war risk The Executive Chairman of the Muslim Public Affairs Centre (MPAC), Disu Kamor, has alleged that the United States and Israel are pursuing a “divide and conquer” strategy aimed at destabilizing Nigeria by exploiting ethnic and religious tensions. In a strongly-worded opinion article published yesterday, Kamor argued that foreign powers are increasingly amplifying separatist narratives and misinformation that could deepen divisions in the country and potentially trigger widespread conflict. Central to the argument is the role of the Indigenous People of Biafra (IPOB), a group banned…

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N’East attacks: Defence Minister urges Nigerians not to lose hope

Aminu Imam
Defence Min. urges Nigerians

…As Tinubu approves more equipment for military  Security Chiefs have briefed President Bola Tinubu on the ongoing fight against terrorism and banditry across the country, as the Federal Government moves to strengthen military operations following a recent surge in attacks in the North-East. The closed-door meeting, held on Thursday at the Presidential Villa in Abuja, was attended by top security officials led by the Minister of Defence, Christopher Musa, alongside the National Security Adviser, Nuhu Ribaɗu, the Inspector-General of Police, Tunji Disu, and Heads of the armed forces and intelligence…

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Petrol: Again, Ɗangote increases price to ₦1,175/litre

Aminu Imam
Dangote increases petrol price

Ɗangote Refinery has revised its petrol price back to ₦1,175 per litre hours after it reduced the price of the product. The increase has resulted in depot operators across the country pausing their sales temporarily. The refinery had previously lowered the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100, bringing it to ₦1,075 per litre on March 10, 2026, reduced from the earlier price of ₦1,175 per litre. Depot operators, who had started selling at an average price of ₦1,100 per litre, immediately paused their…

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CBN blacklists all loan defaulters from banking services

Aminu Imam
CBN blacklists

The Central Bank of Nigeria (CBN) has issued a directive to commercial banks to restrict access to credit facilities for large-ticket obligors who are in default. The CBN announced the development in a circular issued to banks. According to the circular, the restriction aims to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector. The circular reads: “In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN)…

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Alleged ₦1.35bn fraud: Court to re-arraign ex-gov. Lamiɗo, sons April 1

Aminu Imam
Sule Lamido, sons on fraud

The Federal High Court in Abuja has fixed April 1 for the fresh arraignment of a former governor of Jigawa State, Sule Lamiɗo, over an alleged ₦1.3 billion corruption charge filed against him by the Economic and Financial Crimes Commission (EFCC). Lamiɗo is expected to be arraigned alongside his two sons, Aminu and Mustapha, who are accused of participating in the alleged fraud through fictitious contract awards. Justice Peter Odo Lifu fixed the date yesterday, following the absence of the defendants in court. Although the fresh arraignment was scheduled to…

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FG approves ₦4bn for new Tinubu Polytechnic in Abuja, Epe varsity

Aminu Imam
FG approves Tinubu Poly2

The Federal Government has approved ₦2bn each as take-off grants for the Bola Ahmed Tinubu Federal Polytechnic in Abuja and the Federal University of Science and Technology, Epe in Epe, Lagos State, as part of efforts to support their early operations. Minister of Education, Dr. Tunji Alausa, disclosed this on Thursday during the inauguration of key officials appointed to lead the two institutions. Among those inaugurated were Prof. Nosiru Onibon, who will serve as the pioneer Rector of the Bola Ahmed Tinubu Federal Polytechnic, Abuja; Prof. Adeola Oshikoya, appointed Vice-Chancellor…

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