NewsReports

The Central Bank of Nigeria (CBN) has clarified that open banking has not gone live yet, despite earlier expectations of an August 2025 rollout.  The regulator, however, assured that work is progressing on the governance structure and API standardisation required for a safe and functional system. “Open banking hasn’t gone live yet,” said Chai Gang, Deputy Director at the CBN’s …

“He has resigned from the PDP, yes. But he has not joined any other party yet,” the governor’s spokesperson told our reporter. Governor Douye Diri of Bayelsa State has resigned his membership of the Peoples Democratic Party (PDP). Mr Diri’s spokesperson, Daniel Alabra, confirmed this development to PREMIUM TIMES on Tuesday, 15 October. “He has resigned from the PDP, yes. But he …

Part of the panel’s report was read in open court during Thursday’s proceedings, after the prosecution made reference to it. A court-ordered medical panel has declared the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, fit to continue facing his ongoing terrorism trial. The team constituted by the President of the Nigerian Medical Association (NMA) based on …

The Senate has confirmed Prof. Joash Ojo Amupitan SAN as the  Chairman of the Independent National Electoral Commission (INEC). The confirmation of Amupitan followed the screening exercise at the Hallowed Chamber on Thursday, where the Senators grilled the nominee of President Bola Tinubu for three hours, asking him questions to which he responded. After the Committee of the Whole, the …

Kanu’s legal team argues that the Federal Government’s continued prosecution is unconstitutional, citing multiple violations of his fundamental rights, international law, and the jurisdictional competence of the court. The detained leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, has filed a preliminary objection before the Federal High Court in Abuja, seeking to strike out or permanently stay …

Dozens of troops and civilians were killed in a fresh round of border skirmishes between Pakistan and Afghanistan on Wednesday, officials on both sides of the frontier said, as clashes entered their second week. Violence between the two neighbours has flared since explosions in Afghanistan last week, including two in the capital Kabul, that were blamed on Pakistan. Armed Taliban …

•Promises renewed focus on tracing such flows to plug fiscal leakages•Upgrades Nigeria’s 2025 economic growth forecast to 3.9%•Cites stronger domestic fundamentals•Calls for credible fiscal, monetary policies•Downgrades global economic growth forecast to 2.8% The International Monetary Fund, IMF, has decried Illicit Financial Flows, IFFs out of Nigeria, noting that it was contributing to the worsening revenue problem of the country. The …

Former Kenyan Prime Minister Raila Odinga has died at the age of 80, family sources have told the BBC. Odinga died on Wednesday while receiving medical treatment at a hospital in India. He collapsed during a morning walk and was taken to Devamatha Hospital, which said he had suffered a cardiac arrest. It said he did not respond to resuscitation …

The National Association of Nigerian Students has issued a seven-day ultimatum to the Federal Government and the Academic Staff Union of Universities to resolve their ongoing dispute and prevent another strike action that could disrupt the nation’s academic calendar. In a statement signed by NANS President, Olushola Oladoja, on Wednesday, the students’ body expressed concern over the growing tension between …

The colonel also disclosed that the military was dissolving all institutions except the lower house of parliament. The army in Madagascar has seized control of the government following a parliamentary vote to remove the President, Andry Rajoelina, who has also fled the country. Al Jazeera reports that a military colonel, Michael Randrianirina, announced the takeover on Tuesday, standing in front of the …