The @cenbank revocation was carried out in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020
The revocation was carried out in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020.
The affected microfinance banks had insufficient assets to meet their liabilities, closed operations without regulatory approval, or became inactive and ceased financial intermediation.
Yesterday at the Jigawa Economic and Investment Summit in Dutse, I had the privilege of joining global business leaders and key stakeholders to deliberate on sustainable pathways for regional economic expansion and market integration.
A defining milestone of the summit was the formalization of a landmark tripartite Memorandum of Understanding (MoU) between the Nigeria Commodity Exchange (NCX), the Jigawa State Government, and the Rural Electrification Agency (REA).
This strategic alliance is directly aligned with the Renewed Hope Infrastructure Development Fund (RHIDF) under the Renewed Hope Agenda of His Excellency, President @officialABAT, GCFR—specifically targeting the optimization of agricultural infrastructure to drive food security, rural industrialization, and economic productivity.
The collaborative framework leverages the unique strengths of each partner to build a highly efficient agro-logistics ecosystem:
- The Jigawa State Government will provide dedicated land parcels strategically located to optimize agricultural output.
- NCX will develop modern Aggregation Centres equipped with state-of-the-art warehouses, standardized cleaning, and precision weighing facilities to guarantee quality control and market readiness.
- REA, utilizing a foreign-funded initiative, will deploy robust solar energy infrastructure to power the entire ecosystem, ensuring uninterrupted, clean energy for all processing and storage operations.
By seamlessly integrating structured commodity market infrastructure with sustainable, renewable energy, we are addressing critical supply chain vulnerabilities—most notably reducing post-harvest losses and lowering operational costs for smallholders and agribusinesses.
This project serves as a scalable blueprint for climate-resilient agricultural value chains in Nigeria.
I extend my profound appreciation to His Excellency, Governor @uanamadi of Jigawa State, and the leadership of the REA for their unwavering commitment to this vital national vision. Together, we are transforming Nigeria's agricultural landscape.
Nigerian Police now going back to duties they were created for in the first instance, just like the joint Operation of Lagos and Ogun called Operation KOSAYE, the work is being done fully by Policemen. I see your hand IGP @TunjiDisu1, we need to bring this back fully.
Abuja ooooo, ABUJA CITY WALK.
2: is Abuja city Walk the new Guzape ni ooo?
3: City Walk Abuja is an ambitious, $1.5 billion mixed -use urban development spanning over 200 hectares along the Nnamdi Azikiwe International Airport road corridor
-(a): Modeled after Dubai’s iconic district, the smart-living destination features residential complexes, an Art District (that one, I like am oo), a 450-meter skyscraper, and a 13,000 seat arena.
4: landmark features: Africa’s tallest tower (450 meters) and Nigeria’s largest indoor events arena.
5: this project has been approved by FG not Tinubu and Wike oooo via Public Private Partnership.
-(a): Jobs, Jobs, Jobs oooo
6: Go buy land guys. Don’t be part of History of saying “those days na bush dey here”
7: Abuja will not be the same after Tinubu and Wike post 2031. Abuja has been transformed by APC.
His Excellency, Femi Gbajabiamila has fought more political battles in just three years as Chief of Staff than he did in twenty years as a Federal Lawmaker, climbing every rung of the legislative ladder to the very pinnacle - the Speakership.
Why?
What is it about the office of Chief of Staff that attracts more arrows than the entire 2-decade journey through the National Assembly?
Is it the proximity to power, the influence that comes with controlling access to the President, or the burden of taking the bullets meant for the principal?
What changed - the office, the man, or the politics?
Good Morning Severally...
📢 EGG-CITING MILESTONE 📢
I'm EGG-static to announce the "birth" of our 18 MILLIONTH Egg at @AsadaFoods! 🤩🥚
Massive thanks to our incredible EGG-stomers. Your support and encouragement mean everything!
Here's to Millions more!
#AsadaFoods#18MillionEggs
Nigeria’s federal and Lagos state governments, in collaboration with 57 councils, launched Adopt-a-School: Snacks for Thought (PBAT FEEDS), a public-private partnership under the Renewed Hope National Home-Grown School Feeding Programme.
The goal is to provide nutritious breakfast to primary pupils to boost attendance, concentration, and academic performance; includes distribution of breakfast packs and educational materials (bags, tablets, notebooks, water bottles, etc.).
The launch took place at Lagos Island East LCDA secretariat, with multiple centers across Lagos’ three senatorial districts and 20 LGs/37 LCDAs.
Lagos Governor Mr @jidesanwoolu (represented by the SSG) emphasized partnership with private sector and NGOs, stating that improving child nutrition is essential for nation-building and development.
Princess Aderemi Adebowale, National Programme Manager, noted Lagos was chosen for its leadership role; the initiative aims to combat classroom hunger and complement the existing Federal programme via a digital dashboard for sponsorship and school adoption.
Local leaders, including Lagos Island East LCDA Chairman Muibi Folawiyo, encouraged corporate and community support, highlighting private-sector investment in children’s futures. Beneficiaries expressed excitement and gratitude for the initiative. 🪴
The Ministry of Health has been feeling his absence since he left. It hasn’t really been the same since. Now see the wonders he’s doing here.
#SortingTheBoringStuffs