August 24, 2025

Blog

Politics

LASIEC Releases Official List of Candidates Ahead of July 12 Local Government Elections

Lagos, July 11, 2025 — The Lagos State Independent Electoral Commission (LASIEC) has officially released the list of candidates cleared to contest in the upcoming local government elections scheduled for Saturday, July 12, 2025. In a statement issued by the Commission on Thursday, LASIEC confirmed that all the necessary screenings and verifications had been concluded,

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Fraud General Police

Nigeria Police, INTERPOL Repatriate Chinese National Wanted for Multi-Million Yuan Tax Fraud

Abuja, July 11, 2025 — The Nigeria Police Force, in collaboration with the International Criminal Police Organization (INTERPOL) National Central Bureau (NCB) in Abuja, has successfully arrested and repatriated a Chinese fugitive wanted for a multi-million Yuan tax fraud in China. The suspect, identified as a Chinese national, had been on the radar of international

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Business Leadership

A Toast to Legacy: Seven-Up Bottling Company Honours Ziad Maalouf, Welcomes Sari El-Khalil as New MD/CEO

Lagos, July 11, 2025 — In a graceful celebration of leadership and transition, Seven-Up Bottling Company (SBC) hosted a grand farewell dinner in Lagos to honour the remarkable tenure of outgoing Managing Director and Chief Executive Officer, Ziad Maalouf, while officially welcoming Sari El-Khalil as the company’s new MD/CEO. The elegant evening brought together industry

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Business CBN

CBN Suspends Cap on Banks’ Tier 1 Capital to Bolster Financial Sector Stability

Abuja, July 11, 2025 — In a strategic move to strengthen the capital base of Nigerian banks and reinforce financial system stability, the Central Bank of Nigeria (CBN) has announced the temporary suspension of the regulatory cap on Additional Tier 1 (AT1) capital, effective immediately until March 2026. The policy shift, revealed in a circular

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Business

World Bank Urges African Governments to Enhance Essential Services for Sustainable Growth

July 11, 2025 The World Bank has called on African governments to urgently improve the delivery of essential public services such as education, healthcare, water, electricity, and digital infrastructure, emphasizing that sustainable and inclusive growth across the continent depends heavily on stronger service systems. This appeal was made on Thursday in a new report released

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Fraud General

CBN Raises Alarm as Digital Fraud Soars, Accounting for 70% of Financial Crimes in Nigeria

July 11, 2025 The Central Bank of Nigeria (CBN) has raised concern over the alarming rise in financial fraud across the country, revealing a 45% increase in fraudulent activities within the first half of 2025. Even more troubling, the apex bank disclosed that 70% of the total financial losses were perpetrated through digital platforms. This

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General

Lagos Govt to Demolish Buildings Encroaching on Ikota River in Lekki

July 11, 2025 | Lagos — The Lagos State Government has announced plans to demolish structures encroaching on the Ikota River’s channel in the Lekki axis as part of its flood-control and environmental protection efforts. Commissioner for Environment and Water Resources, Tokunbo Wahab, confirmed that the state has issued quit and contravention notices to property

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General

FG Secures Landmark $747 Million Syndicated Loan for Lagos-Calabar Coastal Highway

Abuja, July 11, 2025 — In a landmark achievement for Nigeria’s infrastructure development agenda, the Federal Government has secured a $747 million syndicated loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway, covering the Victoria Island to Eleko Village corridor (47.47km). The deal, led by Deutsche Bank as Global Coordinator and Bookrunner,

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General Policy update

Lagos Assembly Advances Tenancy Bill to Regulate Landlord–Tenant Relations

July 11, 2025 | Lagos — The Lagos State House of Assembly has successfully passed the second reading of the Lagos Tenancy Bill, a proposed law designed to clearly define and regulate relationships among landlords, tenants, and estate agents across the state . Titled “A Bill for a Law to Regulate the Relationship between Landlords

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Customs General Maritime

MMAC Customs Intercepts Firearms, Pangolin Scales and Other Contraband in Lagos

LAGOS – The Lagos command of the Nigeria Customs Service under the Marine and Maritime Affairs Commission (MMAC) has successfully seized a cache of illegal firearms alongside 75 bags of pangolin scales and other prohibited items during a recent operation in the state. Officials revealed that the seizure is part of intensified efforts to clamp

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