Author: Rextun boss

CBN Tightens Oversight, Withdraws Operating Licences of 46 Microfinance Banks

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CBN Tightens Oversight, Withdraws Operating Licences of 46 Microfinance Banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country in a fresh regulatory action aimed at strengthening the stability and integrity of Nigeria’s financial system. The decision, which took effect on July 1, 2026, was approved by CBN Governor Olayemi Cardoso under the powers conferred on…

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Banks and financial services, Finance and Economy

Plateau Gov. appoints retired Maj.-Gen. Isandu as security adviser

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Plateau Gov. appoints retired Maj.-Gen. Isandu as security adviser

Gov. Caleb Mutfwang of Plateau has appointed retired Maj.-Gen. Bala A. Isandu as Special Adviser on Security as part of efforts to strengthen the state’s security architecture. The appointment, which takes immediate effect, was announced by the Plateau State Government on Wednesday. Before his appointment, Isandu served as Senior Special Assistant on Intelligence to the…

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Insecurities and insurgencies, News

Nigerian Air Force Foils Planned Bandit Offensive with Precision Strike on Border Hideout

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Nigerian Air Force Foils Planned Bandit Offensive with Precision Strike on Border Hideout

The Nigerian military has intensified its offensive against armed bandit groups in the North-West, carrying out a precision air strike that reportedly disrupted a major gathering of suspected terrorists along the Niger–Kaduna–Zamfara border. According to security sources, the operation targeted Dogon Dawa, where intelligence reports indicated that a large number of armed bandits had assembled…

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Insecurities and insurgencies, National Security and Military, News

Court Reinstates Sowore’s Bail, Imposes N200m Bond and New Surety Conditions

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Court Reinstates Sowore’s Bail, Imposes N200m Bond and New Surety Conditions

The Federal High Court in Abuja has granted fresh bail to activist, online publisher and former African Action Congress (AAC) presidential candidate, Omoyele Sowore, after previously revoking his earlier bail over his failure to appear in court. Justice Umar Mohammed, who presided over the case on Tuesday, ordered Sowore’s release on a ₦200 million bail…

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Activists and Activism, Justice and Judiciary

Tinubu Approves Historic NYSC Overhaul, Ends Military Operational Leadership with Civilian-Led Structure

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Tinubu Approves Historic NYSC Overhaul, Ends Military Operational Leadership with Civilian-Led Structure

President Bola Tinubu has approved a sweeping reform of the National Youth Service Corps (NYSC), introducing the most extensive restructuring of the scheme since its establishment in 1973, with a new civilian-led operational structure replacing decades of military leadership. The landmark reforms, endorsed by the Federal Executive Council (FEC), will see the NYSC’s day-to-day operations…

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Youths and Youths Development

Fresh Legal Challenge Targets Tinubu’s 2027 Re-Election Bid Over Certificate Allegations

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Fresh Legal Challenge Targets Tinubu’s 2027 Re-Election Bid Over Certificate Allegations

A civil society organisation, the Incorporated Trustees of the Centre for Reforms and Public Advocacy (CRPA), has instituted a lawsuit at the Federal High Court in Kano seeking the disqualification of President Bola Ahmed Tinubu from participating in the 2027 presidential election over allegations relating to his academic and National Youth Service Corps (NYSC) credentials….

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2027 General Elections, Politics

World Cup Dream Ends for South Africa and Tunisia as Africa’s Contingent Shrinks

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World Cup Dream Ends for South Africa and Tunisia as Africa’s Contingent Shrinks

Two African nations have now bowed out of the 2026 FIFA World Cup after South Africa joined Tunisia on the list of eliminated teams following a dramatic Round of 32 defeat to co-hosts Canada. South Africa’s campaign came to an agonising end on Sunday after conceding a stoppage-time goal in a 1-0 loss to Canada…

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Football, World Cup Tournament

Police Roll Out Nationwide Youth Outreach to Curb Cultism, Drug Abuse and Violent Crime

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Police Roll Out Nationwide Youth Outreach to Curb Cultism, Drug Abuse and Violent Crime

The Inspector-General of Police, Olatunji Rilwan Disu, has launched a nationwide advocacy campaign aimed at tackling cultism, drug abuse and other social vices, as part of efforts to strengthen crime prevention through community engagement across Nigeria. The initiative, known as the Police Campaign Against Cultism and Other Vices (POCACOV), was officially flagged off on Sunday…

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Crime Watch, Cultists and Cultism, Narcotics

FCCPC Warns Fuel Marketers Against Delaying Petrol Price Cuts, Threatens Enforcement Action

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FCCPC Warns Fuel Marketers Against Delaying Petrol Price Cuts, Threatens Enforcement Action

The Federal Competition and Consumer Protection Commission (FCCPC) has warned petroleum marketers, depot operators and other stakeholders in Nigeria’s downstream oil sector to reflect falling global crude oil prices in pump prices or risk regulatory sanctions. The Commission said its latest market surveillance revealed that although international crude oil prices have dropped significantly, many consumers…

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Consumer Rights, Finance and Economy

NDLEA Uncovers ₦12.4bn Canadian Loud Shipment Hidden in Vehicle Container at Lagos Port

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NDLEA Uncovers ₦12.4bn Canadian Loud Shipment Hidden in Vehicle Container at Lagos Port

The National Drug Law Enforcement Agency (NDLEA) has intercepted a massive consignment of Canadian Loud, a high-potency strain of cannabis, with an estimated street value of ₦12.4 billion, during a major anti-drug operation at the Apapa Port Complex in Lagos. According to the agency, operatives recovered 4,959 kilograms of the illicit substance concealed inside a…

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Crime Watch, Narcotics