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Court Fines Stanbic IBTC ₦15m for Sending Promotional Messages to Former Customer

A Federal High Court has ordered Stanbic IBTC Bank to pay ₦15 million in damages for repeatedly sending promotional text messages to a former customer after the customer's accounts had been closed. The court ruled that the unsolicited messages violated the customer's constitutional right to privacy.

Aug 3, 2026 45

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43 Insurers, Reinsurers Meet NIIRA 2025 Capital Requirements

A total of 43 insurance and reinsurance companies have complied with the new capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The recapitalisation exercise is expected to strengthen the industry's financial capacity, improve public confidence and support long-term growth.

Aug 3, 2026 33

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'Customs Cares’ CSR Initiative Wins Commonwealth Gold Award

The Nigeria Customs Service has received a Commonwealth Gold Award for its 'Customs Cares' Corporate Social Responsibility Initiative, which focuses on education, healthcare, environmental sustainability and community development. The Service said the recognition underscores its commitment to improving lives while complementing its core responsibilities.

Aug 3, 2026 16

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CBN Unveils Five Strategies to Drive Next Phase of Fintech Growth

The Central Bank of Nigeria has unveiled five strategies to accelerate fintech growth, focusing on regulatory innovation, cybersecurity, digital infrastructure, stakeholder collaboration and talent development. The apex bank said the measures will deepen financial inclusion and strengthen Nigeria's digital economy.

Aug 3, 2026 13

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Osun 2026: I'll Restore Dignity to Public Service — Oyebamiji

APC governorship aspirant Munirudeen Bola Oyebamiji has promised to restore dignity to Osun State's public service if elected governor in 2026. He pledged to improve workers' welfare, promote merit-based administration and modernise the civil service to enhance service delivery.

Aug 3, 2026 11

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Northern Leaders' Silence on Insecurity Raises Concern – Kazeem Akintunde

Journalist Kazeem Akintunde has criticised the silence of northern leaders over the worsening insecurity in the region, urging them to take a firm public stand against the violence. He also called for stronger government action and collective efforts to restore peace and security across northern Nigeria.

Aug 3, 2026 9

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Tinubu Asked Me to Build More Roads Despite Calls for My Sack – Umahi

David Umahi says President Bola Tinubu urged him to ignore calls for his dismissal and remain focused on delivering road projects across the country. The Works Minister said the administration's infrastructure programme is creating jobs, boosting economic activities and improving security through better road networks.

Aug 3, 2026 56

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FMBN Assures Customers of Uninterrupted Services After Abuja Headquarters Fire

The Federal Mortgage Bank of Nigeria has assured customers that its services remain uninterrupted following the fire at its Abuja headquarters. The bank said the blaze was quickly contained, no lives were lost, critical documents were protected through digital backups, and investigations into the cause are ongoing.

Aug 3, 2026 41

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Veekee James Defends Frequent Public Appearances With Husband

Veekee James has defended her frequent public outings with her husband, Femi Atere, saying he is her "personal handbag" because they genuinely enjoy each other's company. She dismissed criticism from social media users, insisting that every couple is free to define what works best for their marriage.

Aug 3, 2026 15

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Abducted Kebbi High Court Judge Regains Freedom After One Week in Captivity

Justice Faruku Hassan Bunza of the Kebbi State High Court has regained his freedom after spending one week in captivity following his abduction. Police confirmed that no ransom was paid and said investigations are ongoing to apprehend those responsible for the kidnapping.

Aug 3, 2026 40

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MAPOLY Students Declare Sit-at-Home Protest Over School Fees Hike

MAPOLY's Students' Union Government has directed students to observe a peaceful sit-at-home protest over the recent increase in school fees after negotiations with the institution's management failed. The union said the action is aimed at pressing for a review of the fees while maintaining its commitment to continued dialogue.

Aug 3, 2026 10

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Iran Denies Trump's Claim of Fresh US Talks

Iran has rejected President Donald Trump's claim that fresh negotiations with the United States are underway, insisting there are no direct talks between the two countries. Tehran said its current discussions are limited to mediation through Oman on the Strait of Hormuz and do not amount to renewed US-Iran negotiations.

Aug 3, 2026 8