CBN Withdraws Licences of 46 Microfinance Banks in Regulatory Enforcement Drive The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks nationwide as part of efforts to strengthen regulatory compliance and maintain the stability of the financial system. The decision, which became effective on July 1, 2026, was approved by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, according to a statement issued by the apex bank's Acting Director of Corporate Communications, Hakama Sidi-Ali. The CBN explained that the affected institutions failed to satisfy critical operational and regulatory standards required for the continued operation of licensed financial institutions in the country. According to the regulator, investigations revealed various compliance deficiencies among the affected banks, including weak financial positions, inability to meet obligations, prolonged dormancy, unauthorized cessation of operations, failure to comm...

  PSC Promotes 93 Senior Police Officers, Elevates 13 CPs to AIG Rank The Police Service Commission (PSC) has approved the promotion of 93 senior police officers to higher ranks following their successful participation in the recently concluded written examinations and oral interviews conducted at the Commission's Corporate Headquarters in Abuja. The promotions were among the key resolutions reached at the Commission's plenary meeting held on Wednesday, July 1, 2026, in Abuja. 13 Commissioners of Police Elevated to Assistant Inspectors-General The Commission approved the promotion of 13 Commissioners of Police (CPs) to the rank of Assistant Inspector-General of Police (AIG). The beneficiaries include: Itam Nnaghe Obono – CP, Counter Terrorism Unit Bassey Samuel Ewah – CP, Plateau State Command Osagie John Agans-Irabor – CP, FCID Lagos Monday Agbonika – CP, Edo State Command Iyamah Daniel Adebor – CP, Bayelsa State Command Isa Danladi Nda – CP, Abia State Command Aka...

  Olubadan Inaugurates Committee to Promote Integration of Traditional, Orthodox Medicine The Olubadan of Ibadanland, Oba Rashidi Ladoja, has inaugurated a committee to facilitate the integration of traditional and orthodox medicine as part of efforts to improve healthcare delivery in Nigeria. The inauguration ceremony was held on Wednesday at the committee room of the Olubadan Palace in Oke Aremo, Ibadan North Local Government Area of Oyo State. Represented by the Director-General of the Olubadan Palace, Basiru Olanrewaju, the monarch said the initiative was designed to encourage collaboration between traditional and conventional medical practitioners for the overall benefit of the people. According to the Olubadan, the integration of both healthcare systems would help harness their respective strengths and promote more effective healthcare delivery not only in Ibadanland but across the country. "The objective is to ensure that traditional and orthodox medicine complement ea...

  Alaka Support Group Commends Gov AbdulRazaq Over Emergence of Mahmud, Tswako as APC Candidates A political support group loyal to Hon. Moshood Alaka has commended Kwara State Governor, Mallam AbdulRahman AbdulRazaq, for the emergence of Mahmud as the All Progressives Congress (APC) candidate for Kwara North Senatorial District and Mohammed Mamman Tswako as the party's candidate for the Edu/Moro/Patigi Federal Constituency ahead of the 2027 general elections. In a statement made available to journalists, the group described the emergence of the two candidates as a reflection of the party's commitment to presenting credible and capable leaders who can effectively represent the interests of the people. The group expressed appreciation to Governor AbdulRazaq for his leadership and continued efforts in strengthening the APC across the state, noting that the selection of candidates with proven experience and grassroots acceptance would further enhance the party's chances in ...

  Igbomina/Ekiti APC Youth Stakeholders Laud Tinubu, AbdulRazaq Over Adewoye's Emergence, Seek Rep Ticket for Ekiti Bloc The Igbomina/Ekiti APC Youth Stakeholders in Kwara State have commended President Bola Ahmed Tinubu and Governor AbdulRahman AbdulRazaq for the emergence of Hon. Lekan Adewoye as the All Progressives Congress (APC) candidate for the Kwara South Senatorial District ahead of the 2027 general elections. In a statement issued on Wednesday in Omu-Aran, the group expressed gratitude to the President and the Governor for what it described as a demonstration of confidence, recognition, and political inclusion for the people of the Igbomina axis. According to the stakeholders, Adewoye's emergence reflects the aspirations of the youths, women, and political leaders across the district, describing the APC senatorial candidate as a capable and experienced leader with the capacity to provide quality representation. The group noted that Adewoye's political experien...

  Kwankwaso Meets NDC National Leader as INEC Confirms Upload of Vice Presidential Nomination The Vice Presidential Candidate of the National Democratic Congress (NDC) for the 2027 presidential election, Rabiu Musa Kwankwaso, on Tuesday received the National Leader of the party, Henry Seriake Dickson, at his residence in Maitama, Abuja. The meeting, which brought together key figures within the party, was also attended by veteran politician Buba Galadima and former Senator representing Yobe, Muhammad Hassan. According to sources at the meeting, discussions centered on party affairs and strategic preparations ahead of the 2027 general elections. A major highlight of the engagement was the confirmation that Senator Kwankwaso's name had been successfully uploaded to the Independent National Electoral Commission (INEC) portal as the National Democratic Congress' vice presidential candidate for the 2027 presidential election. The development marks another significant step in th...

  Gov AbdulRazaq Approves Cash Backing for 2025 TESCOM Promotion Exercise The Kwara State Governor, Mallam AbdulRahman AbdulRazaq, CON, has approved the cash backing for the 2025 promotion exercise for eligible teaching and non-teaching staff under the Kwara State Teaching Service Commission (TESCOM). The approval is expected to benefit qualified personnel of the Commission and further reflects the administration's commitment to workers' welfare, career progression, and improved service delivery in the education sector. Reacting to the development, the Executive Chairman of TESCOM, Mallam Bello Tauheed Abubakar, expressed appreciation to Governor AbdulRazaq for what he described as his sustained support for education and the wellbeing of workers in the state. According to the Chairman, the approval demonstrates the Governor's dedication to ensuring that public servants receive the benefits attached to their promotions without unnecessary delays. He recalled that upon a...