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Ekiti Decides: Police Secure Election Ma... Fraudsters Rake In N134bn From Banks, Cu... ‘nigerian Marketers Import Dangote Fuel... MISSING: Missing Person WANTED: Sunday Peter Adu MEMORY: Mr. Martins Joe HOT: Ekiti Decides: Police Secure Election Ma... HOT: Fraudsters Rake In N134bn From Banks, Cu... HOT: ‘nigerian Marketers Import Dangote Fuel... HOT: ‘only 6% Of Nigerians Access Formal Cred... HOT: Cornerstone Insurance Prioritises Educat... HOT: Esg Summit To Advance Sustainable Growth... HOT: Fire Guts Building On Lagos Island HOT: Flood Crisis: Nec Slashes Prevention Fun... HOT: Insecurity: Apc Knocks Opposition, Rejec... HOT: Bandits’ Attacks: Fed Govt Raises N500bn... HOT: Upth Cmd Lauds Tinubu Over N10bn Ebola F... NOTICE: Public Notice To All Esteemed Clien... Ekiti Decides: Police Secure Election Ma... Fraudsters Rake In N134bn From Banks, Cu... ‘nigerian Marketers Import Dangote Fuel... MISSING: Missing Person WANTED: Sunday Peter Adu MEMORY: Mr. Martins Joe HOT: Ekiti Decides: Police Secure Election Ma... HOT: Fraudsters Rake In N134bn From Banks, Cu... HOT: ‘nigerian Marketers Import Dangote Fuel... HOT: ‘only 6% Of Nigerians Access Formal Cred... HOT: Cornerstone Insurance Prioritises Educat... HOT: Esg Summit To Advance Sustainable Growth... HOT: Fire Guts Building On Lagos Island HOT: Flood Crisis: Nec Slashes Prevention Fun... HOT: Insecurity: Apc Knocks Opposition, Rejec... HOT: Bandits’ Attacks: Fed Govt Raises N500bn... HOT: Upth Cmd Lauds Tinubu Over N10bn Ebola F... NOTICE: Public Notice To All Esteemed Clien...

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Ekiti Decides: Police Secure Election Materials Across Lgs, Inec Ready
National News
2 min read

Ekiti Decides: Police Secure Election Materials Across LGs, INEC Ready

Police authorities have confirmed the deployment of personnel across all local government areas in Ekiti State to secure election materials ahead of the governorship poll, as the Independent National Electoral Commission (INEC) says it is fully prepared for the exercise. Security operatives were stationed at strategic points to escort and protect sensitive electoral materials distributed to designated locations across the state. The police said the deployment is part of broader measures aimed at preventing electoral malpractice, safeguarding officials, and ensuring a peaceful voting process. INEC officials also assured residents that logistics, personnel training, and material distribution have been completed in preparation for a smooth election. According to the commission, all arrangements have been made to guarantee a credible, transparent, and inclusive electoral process. Political parties and stakeholders have been urged to maintain peace and comply with electoral guidelines throughout the exercise. Security agencies warned against any attempt to disrupt the election, stressing that strict enforcement measures will be in place on election day. Observers say the combined efforts of INEC and security agencies are critical to building public confidence in the electoral process. Residents have been encouraged to turn out peacefully and participate in choosing their next state leadership. The election is expected to be closely watched as a test of electoral readiness and security coordination in the state. 

A

Arun

Jun 19, 2026

1 day ago
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Fraudsters Rake In N134bn From Banks, Customers – Cbn
News Xtra
6 min read

Fraudsters Rake in N134bn From Banks, Customers – CBN

The Central Bank of Nigeria (CBN) has disclosed that fraudsters have reportedly stolen about N134 billion from banks and customers, raising concerns over the increasing sophistication of financial crimes in the country. The apex bank said the losses reflect a growing threat to Nigeria’s financial system, particularly as digital banking channels expand across the country. According to the CBN, a significant portion of the fraudulent activities is linked to electronic transactions, identity theft, and cyber-related scams targeting unsuspecting customers. The regulator warned that financial institutions must strengthen their cybersecurity frameworks and improve customer awareness to reduce exposure to fraud risks. It also stressed the need for collaboration between banks, law enforcement agencies, and technology providers to track and prevent fraudulent activities more effectively. Industry experts say the rising fraud cases highlight the double-edged nature of digital financial inclusion, which expands access while also increasing vulnerability to cybercrime. The CBN noted that it is working with stakeholders to introduce stricter compliance measures and enhance monitoring systems across the banking sector. Customers have been urged to exercise caution, protect their personal banking information, and report suspicious transactions promptly. Analysts say addressing the challenge will require sustained investment in cybersecurity infrastructure and continuous public education campaigns. The development underscores ongoing efforts to strengthen trust and security within Nigeria’s rapidly evolving financial ecosystem.

A

Arun

Jun 19, 2026

1 day ago
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‘nigerian Marketers Import Dangote Fuel Via Lome Hub’
Business
5 min read

‘Nigerian Marketers Import Dangote Fuel via Lome Hub’

Nigerian petroleum marketers are reportedly importing refined fuel products linked to Dangote refinery operations through the Lomé hub, according to industry sources. The development has sparked renewed debate over fuel distribution channels and cross-border trade routes in the West African downstream petroleum sector. Sources in the oil marketing sector say the Lomé hub has become a strategic transit point for fuel cargoes destined for Nigerian markets, due to logistical and regulatory considerations. Industry stakeholders argue that the arrangement reflects ongoing complexities in regional fuel supply chains, particularly as domestic refining capacity begins to expand. Analysts note that despite increased local production, supply gaps, pricing structures, and distribution constraints continue to influence how fuel reaches Nigerian consumers. Some marketers are said to be leveraging offshore trading hubs to optimize procurement costs and ensure steady product availability in the face of domestic market pressures. Energy experts have called for greater transparency in petroleum import and distribution systems to ensure fair pricing and efficient supply management. The situation has also raised policy questions about the effectiveness of deregulation and the role of local refineries in meeting national demand. Authorities and regulators are expected to monitor the development closely as Nigeria continues to adjust to changes in its downstream petroleum landscape. Stakeholders say clearer coordination between producers, marketers, and regulators will be essential to stabilise fuel supply and pricing in the long term. 

A

Arun

Jun 19, 2026

1 day ago
Views 9 Shares 0 Likes 0
‘only 6% Of Nigerians Access Formal Credit’
Business
8 min read

‘Only 6% of Nigerians Access Formal Credit’

Experts have expressed concern that only about 6 percent of Nigerians currently have access to formal credit, highlighting a major gap in the country’s financial inclusion landscape. The figure underscores ongoing challenges in expanding access to loans from regulated financial institutions, particularly for small businesses and individuals in the informal sector. According to financial analysts, limited credit access is affecting entrepreneurship, business expansion, and overall economic growth, especially among youth and small-scale traders. They noted that many Nigerians still rely on informal lending systems, which often come with high interest rates and limited consumer protection. Stakeholders say barriers such as lack of collateral, low credit history, and strict lending requirements continue to restrict access to formal credit facilities. The situation has also been linked to wider issues in financial literacy and banking penetration across rural and underserved communities. Economists argue that improving access to credit will require reforms in credit scoring systems, expansion of digital lending platforms, and stronger regulatory support for inclusive finance. Financial institutions are being urged to develop innovative lending models that can accommodate informal workers and small businesses without compromising risk management standards. Development experts say increasing access to formal credit could significantly boost job creation and reduce poverty levels across the country. The report highlights the urgent need for coordinated efforts to deepen financial inclusion and strengthen Nigeria’s credit ecosystem. 

A

Arun

Jun 19, 2026

1 day ago
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Cornerstone Insurance Prioritises Education, Health Initiatives
News Xtra
7 min read

Cornerstone Insurance Prioritises Education, Health Initiatives

Cornerstone Insurance has reaffirmed its commitment to corporate social responsibility by prioritising initiatives in education and healthcare aimed at supporting community development. The company said the move is part of its broader strategy to contribute to sustainable social impact beyond its core insurance services. According to management, ongoing initiatives include support for educational programmes, health awareness campaigns, and community outreach projects targeted at vulnerable groups. The firm noted that access to quality education and improved healthcare remain critical challenges in many communities, making them key focus areas for intervention. Cornerstone Insurance stated that it will continue to partner with relevant stakeholders, including schools, healthcare providers, and non-profit organisations, to expand the reach of its programmes. Industry observers say increasing corporate involvement in social development is becoming more common as companies align their operations with ESG and sustainability goals. Beneficiaries of the initiatives have expressed appreciation, describing the interventions as impactful in addressing basic social needs. The company added that it remains committed to long-term investment in programmes that improve quality of life and promote inclusive development. Experts note that such initiatives also help strengthen trust between corporations and the communities in which they operate. Cornerstone Insurance reaffirmed its dedication to balancing business growth with meaningful social contribution. 

A

Arun

Jun 19, 2026

1 day ago
Views 9 Shares 0 Likes 0
Esg Summit To Advance Sustainable Growth Strategies
Business
7 min read

ESG Summit to Advance Sustainable Growth Strategies

An Environmental, Social and Governance (ESG) summit is set to bring together policymakers, business leaders, and development stakeholders to explore strategies for sustainable economic growth. The summit is expected to focus on strengthening responsible investment practices, improving corporate accountability, and promoting long-term environmental sustainability. Organisers said the event will provide a platform for dialogue on how businesses and governments can align development goals with global ESG standards. Key discussions will centre on climate action, social impact policies, ethical governance, and the role of private sector participation in sustainable development. Experts say ESG frameworks are increasingly important in attracting investment, improving transparency, and ensuring that economic growth does not come at the expense of environmental or social well-being. Participants are also expected to examine how developing economies can integrate ESG principles into national policies without slowing down industrial and infrastructural growth. Financial analysts note that global investors are placing greater emphasis on ESG compliance when making investment decisions, making the summit timely for emerging markets. Stakeholders believe the outcome of the discussions could shape future policy directions and encourage more sustainable business practices across sectors. The summit is expected to conclude with recommendations aimed at strengthening collaboration between government, private sector actors, and civil society. Organisers expressed optimism that the event will contribute to more inclusive and sustainable growth strategies in the country. 

A

Arun

Jun 19, 2026

1 day ago
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Fire Guts Building On Lagos Island
News Xtra
3 min read

Fire Guts Building on Lagos Island

A fire outbreak has destroyed parts of a building on Lagos Island, triggering panic among residents and business owners in the area. The incident reportedly occurred in the early hours of the day, with thick smoke and flames drawing the attention of nearby residents who quickly alerted emergency services. Firefighters and other emergency responders were deployed to the scene to contain the blaze and prevent it from spreading to neighbouring buildings. Witnesses said occupants of the building and nearby residents rushed to safety as the fire intensified, while efforts were made to salvage property and valuables. The cause of the fire had not been officially confirmed at the time of reporting, though investigations have commenced to determine the circumstances surrounding the incident. Officials said no immediate casualty figures were available, but emergency teams continued to assess the extent of the damage. Business activities in parts of the area were temporarily disrupted as security personnel and emergency responders cordoned off sections of the vicinity. Residents have called for stricter enforcement of fire safety regulations and improved emergency preparedness to reduce the risk of similar incidents. Authorities urged members of the public to remain calm and avoid actions that could obstruct rescue and firefighting operations. Further details are expected as investigators and emergency agencies complete their assessments of the affected property 

A

Arun

Jun 19, 2026

1 day ago
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Flood Crisis: Nec Slashes Prevention Fund By 50%, Approves N83bn
News Xtra
3 min read

Flood Crisis: NEC Slashes Prevention Fund by 50%, Approves N83bn

The National Economic Council (NEC) has approved N83 billion for flood prevention and response efforts across the country, following a decision to reduce the proposed funding allocation by 50 percent. The approval comes amid growing concerns over the threat of flooding in several states as authorities intensify preparations for the rainy season. According to officials, the funds will support critical flood mitigation projects, emergency response measures, and interventions aimed at protecting vulnerable communities. NEC members said the revised allocation was adopted after reviewing funding priorities and available resources, while still maintaining support for key disaster management initiatives. The council emphasized the need for state governments to complement federal efforts through improved drainage systems, environmental management, and public awareness campaigns. Disaster management agencies have warned that several areas remain at risk of severe flooding due to changing weather patterns and inadequate infrastructure. Experts noted that proactive measures, including early warning systems and community preparedness programs, are essential to reducing the impact of potential floods. The approved funds are expected to be distributed across relevant agencies and projects involved in flood prevention and emergency response. Stakeholders have welcomed the intervention but called for transparency and effective implementation to ensure that resources reach affected communities. The development underscores ongoing efforts by government authorities to minimize the human and economic consequences of flooding nationwide. 

A

Arun

Jun 19, 2026

1 day ago
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Insecurity: Apc Knocks Opposition, Rejects Tinubu Resignation Call
News Xtra
3 min read

Insecurity: APC Knocks Opposition, Rejects Tinubu Resignation Call

The All Progressives Congress (APC) has criticized opposition parties over calls for President Bola Ahmed Tinubu to resign, insisting that the administration remains committed to addressing the country’s security challenges. The party’s response follows renewed criticism from opposition figures who have expressed concern over rising incidents of banditry, kidnapping, and other forms of insecurity across the nation. APC leaders argued that calls for the President’s resignation are politically motivated and do not offer practical solutions to the security issues confronting the country. According to the ruling party, the Tinubu administration has continued to invest in security operations, strengthen intelligence gathering, and support the armed forces in ongoing efforts to combat criminal groups. The party maintained that security challenges did not emerge overnight and require sustained, long-term strategies rather than political rhetoric. APC officials also pointed to recent military operations and security reforms as evidence of the government’s determination to restore peace and stability. Opposition parties, however, have continued to demand stronger action, arguing that citizens expect faster and more visible results in the fight against insecurity. Political analysts say the exchange reflects increasing political tension as parties position themselves ahead of future electoral contests. Observers note that insecurity remains one of the most significant issues shaping public discourse and government accountability in Nigeria. The APC reaffirmed its support for the President, expressing confidence that ongoing security measures will yield positive outcomes in the coming months. 

A

Arun

Jun 19, 2026

1 day ago
Views 9 Shares 0 Likes 0

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Stc Bahrain, Ithmaar Bank Partner To Simplify AWS Cost Management In Banking Operations

Telecommunications company stc Bahrain has entered into a partnership with Ithmaar Bank to streamlin...

Core42 Secures $550 Million HSBC Facilities To Expand Global AI Cloud Infrastructure

Core42 Secures $550 Million HSBC Facilities To Expand Global AI Cloud Infrastructure

Artificial intelligence and cloud computing company Core42 has secured $550 million in financing fac...

UAE Launches Sovereign AI Platform To Strengthen National Digital Infrastructure

UAE Launches Sovereign AI Platform To Strengthen National Digital Infrastructure

The government of the United Arab Emirates has unveiled a new sovereign artificial intelligence plat...

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Celebrating the achievements, culture, and excellence that make Nigeria proud

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Genevieve Nnaji Returns to Screen in BBC Thriller Series ‘Wahala’

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THE MAN WHO FED THE FUTURE: By Samuel Ogunremi
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THE MAN WHO FED THE FUTURE: By Samuel Ogunremi

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Billboard faces backlash over ‘one-hit wonder’ tag on Rema
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Billboard faces backlash over ‘one-hit wonder’ tag on Rema

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EU extends carbon tax to washing machines, car parts

EU extends carbon tax to washing machines, car parts

An EU environmental levy on imports will be extended to cover scores of products made with steel and aluminium like washing machines and car parts

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In Case You Missed It

Catch up on important reads, updates, and highlights you may have overlooked

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Ekiti Decides: Police Secure Election Materials Across LGs, INEC Ready

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Latest Author Arun
Last Updated Jun 19

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