Author: Mujeedat

The Alternative Bank (AltBank) has joined the International Islamic Financial Market (IIFM), a global standard-setter for Islamic finance documentation and market guidance. This move puts AltBank on the same playbook used across key Islamic finance markets, strengthening how Shari’ah-compliant transactions are documented, executed, and trusted. AltBank will begin by aligning its interbank liquidity documentation with IIFM’s Master Collateralised Murabahah Agreement (MCMA) framework and will release its first ready-to-sign documentation pack and counterparty onboarding process in Q2 2026. The pack will include standard templates, term sheets, execution checklists, and counterparty onboarding requirements, built to reduce negotiation loops and speed up transaction…

The Apapa Area Command of the Nigeria Customs Service (NCS) and the Western Naval Command have strengthened their partnership to facilitate safer and more seamless cargo movement. The partnership was renewed when the Customs Area Controller, Comptroller Emmanuel Oshoba, paid a courtesy visit to the Flag Officer Commanding (FOC) of the Western Naval Command, Rear Admiral Abubakar Abdullahi Mustapha, on Wednesday, February 25, 2026. The visit aimed to deepen operational collaboration in line with the three policy thrusts — Consolidation, Collaboration and Innovation, of the Comptroller-General of Customs, Bashir Adewale Adeniyi. Speaking during the visit, Comptroller Oshoba said: “The CGC…

The Customs Area Controller, Seme Area Command, Comptroller Wale Adenuga has announced that the Command generated N3,480,970,924.67 in revenue for the month of February, 2026. Comptroller Adenuga made this disclosure during an interactive session at a stakeholders’ engagement meeting with cross-border traders and farmers, organised by the Nigerian Shippers’ Council in collaboration with the ECOWAS Commission, ECOWAS Agricultural Trade Programme and GIZ International where he represented the Comptroller General of Customs Bashir Adewale Adeniyi MFR, PhD. The event, held in Badagry on Wednesday, 25 February 2026, was themed “Empowering Cross-Border Traders through Trade Information Desk for Agricultural Traders”. He noted…

While high-end “Detty December” venues dominate headlines with reported daily revenues of up to ₦360 million and table prices reaching ₦1.2 million, new data shows that Nigeria’s real nightlife economy thrives at the grassroots. According to a recent case study by Moniepoint Inc., Africa’s leading all-in-one financial ecosystem, roadside bars, suya spots, and neighborhood joints form the bedrock of social life and informal commerce for millions of Nigerians. In the study titled “The Business of Community Nightlife in Nigeria,” Moniepoint provided a rare, data-driven examination of the country’s informal night economy, shifting attention away from luxury venues to the everyday…

President Bola Tinubu has approved the appointment of Assistant Inspector-General of Police, AIG Tunji Disu as the Acting Inspector-General of Police. President Tinubu stated that the appointment is in view of the current security challenges confronting the nation and aligns with extant laws and legal guidance. This follows the resignation of the Inspector-General of Police, IGP Kayode Egbetokun, on Tuesday, citing pressing family considerations. Egbetokun, appointed in June 2023, was serving a four-year term scheduled to conclude in June 2027, in line with the amended provisions of the Police Act. In a statement issued by Bayo Onanuga, the Special Adviser…

The Nigeria Customs Service (NCS) has announced the automation of licence and permit applications to enhance ease of doing business. The initiative was launched at the Zonal Sensitisation Programme held at the Customs Training College Auditorium, Ikeja, Lagos, on Monday, February 23, 2026. In his keynote address, the Zonal Coordinator of Zone ‘A’, Assistant Comptroller-General of Customs, ACG Mohammed Babandede, noted that the event was not a routine ceremony, describing it as the beginning of a new chapter in how the NCS delivers its licences and permit services to stakeholders. ACG Babandede disclosed that the development was approved by the…

The Oyo/Osun Area Command of the Nigeria Customs Service (NCS) has intensified its collaboration with traditional institutions to combat smuggling and safeguard the national economy. The renewed partnership followed courtesy visits by the Acting Customs Area Controller, Deputy Comptroller Wale Adewole, to the palaces of the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II; Ogunsua of Modakeke, Oba Joseph Olubiyi Toriola, Ajibise Ogo I; and Ataoja of Osogbo, Oba Jimoh Olanipekun Oyetunji, Laroye II, on Monday, February 23, 2026. During his visit to the palace of the Ooni of Ife, DC Adewole expressed appreciation for the warm reception accorded…

The University of Delta, Agbor (UNIDEL) graduated its first set of students, including 30 First-Class graduates, at its maiden convocation ceremony, four years after the institution was established. At the colourful ceremony on Saturday, the Governor of Delta State, Rt. Hon. Sheriff Oborevwori, announced far-reaching incentives and policy decisions aimed at strengthening academic excellence at the young university. The Governor disclosed that the Best Graduating Student would receive a ₦5 million cash award, while each First-Class graduate would be rewarded with ₦500,000, payable immediately. He approved the request of the Vice Chancellor of the University, Prof Stella Chiemeke for the…

David Bird, the Managing Director and Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals has said the refinery is delivering measurable public health and environmental benefits through the production of Euro 5 standard fuels, positioning Nigeria among countries with the highest fuel quality specifications globally. Speaking during an interaction with selected journalists, Bird explained that modern fuel standards are rooted in public health requirements, particularly the need to reduce harmful emissions linked to high sulphur and metal content. According to him, the refinery is producing Euro 5 specification petrol with a sulphur content of 50 parts per million, a…

APC Ward 6 in Kokori Elects New Leadership, Signals Unity Ahead of 202 The All Progressives Congress (APC) in Ward 6, Kokori, has successfully conducted its ward congress, ushering in a new leadership and renewed commitment to its ideals. The congress, which took place on February 18, 2026, followed extensive consultations and consensus-building among ward leaders and members, and produced Mr. Efegoma Sunday Agbogun as Chairman and Chief Johnson Egburhe as Secretary. The exercise reflected a spirit of unity and collective responsibility, with prominent party leaders throwing their weight behind the new executive. Among them were James Omeru, Akpodiogaga Sunny…