Author: Adejuyigbe Francis

In the 2025 financial year, Custodian Investment Plc paid a total of N419.13 million in regulatory fines, a sharp escalation from N19.17 million in 2024, according to its audited financial statements filed on the Nigerian Exchange (NGX). This increase reflects heightened scrutiny from the Central Bank of Nigeria (CBN), and other regulatory bodies, highlighting both operational gaps within the company and evolving regulatory expectations for the broader financial sector. Breakdown of Fines Central Bank of Nigeria (CBN): N391 million The bulk of the penalties originated from the CBN, underscoring the regulator’s continued emphasis on strict compliance with liquidity management, customer…

The Federal Government has reiterated its commitment to safeguarding Nigeria’s digital landscape by signalling its intention to collaborate closely with the private sector and other key stakeholders in establishing a Cybersecurity Coordination Council. The initiative, announced by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, is designed to strengthen Nigeria’s collective cyber resilience and ensure coordinated responses to the evolving spectrum of cyber threats affecting both public institutions and private enterprises. Dr. Tijani highlighted the collaborative nature of the effort: “Cybersecurity is a shared national responsibility. Protecting Nigeria’s digital economy requires strong partnerships, trusted collaboration, and collective…

The Federal government has taken a significant step toward strengthening its poultry sector with the approval of a new indigenous meat-type chicken breed known as MoorBeta. This development reflects ongoing efforts to enhance food security, promote local livestock production, and improve the livelihoods of farmers across the country. Background and Approval MoorBeta was officially approved for release and registration on March 26, 2026, by the National Crop Varieties and Livestock Breeds Registration and Release Committee (NVRC). The approval meeting took place at the National Centre for Genetic Resources and Biotechnology (NACGRAB), located in Ibadan, Oyo State. The release was welcomed…

The global success of Black Panther introduced many audiences to the fictional Dora Milaje, an elite group of highly trained female warriors sworn to protect their king. While these characters are fictional, they draw direct inspiration from a real and formidable military force: the Amazons of Dahomey. These women were not myth but a powerful all-female regiment that served the Kingdom of Dahomey, located in present-day Benin. At a time when female warriors were rare across most societies, Dahomey stood out as a unique example of gender roles shaped by military necessity and political strategy. The Kingdom of Dahomey: A…

The Lagos State Government, through the Lagos State Ministry of Tourism, Arts and Culture, has announced temporary road closures in preparation for the highly anticipated Lagos Fanti Carnival. The event is scheduled to take place on Monday, April 6, 2026, and is expected to attract large crowds, necessitating traffic control measures across key areas of Lagos Island. Purpose of the Road Closures The closures are aimed at: Ensuring public safety during the carnival Allowing for smooth coordination of activities and parades Managing traffic flow and minimizing congestion in affected areas Affected Roads and Locations The following roads will be temporarily…

In a landmark judgment reshaping the media regulatory landscape, the Court of Appeal in Abuja has dismissed an appeal by the National Broadcasting Commission (NBC), affirming that the regulator lacks the legal authority to impose fines on broadcast stations. The ruling represents a major constitutional and institutional setback for the NBC and a significant victory for media freedom advocates, particularly the civil society group Media Rights Agenda (MRA). Key Judicial Players and Proceedings The appellate decision was delivered on April 2, 2026, by a three-member panel of the Court of Appeal: Justice Oyebiola Oyewumi (who delivered the lead judgment) Justice…

Jos to host President Bola Ahmed Tinubu has he rescheduled and reprioritised his travel plans for this week, postponing a previously scheduled trip to Iperu, Ogun State, where he was to flag off operations at the Gateway International Cargo Airport, in order to immediately attend to a security and humanitarian situation in Plateau State. Reason for Change — Plateau Condolence Visit The change in plan was prompted by recent deadly gun attacks in parts of Plateau State, particularly in communities around Jos, the state capital, that resulted in the deaths and injuries of several civilians. Responding to these attacks and…

The Central Bank of Nigeria (CBN), has announced that 33 banks have met the updated minimum capital requirements under its recently completed recapitalisation initiative, marking a key step toward bolstering the stability of the banking sector. According to the apex bank, the programme mobilised a total of ₦4.65 trillion over a two-year period from April 2024 to March 2026. This programme, first announced in November 2023 following the appointment of Yemi Cardoso as CBN Governor, and formalised in March 2024, was designed to enhance banks’ capacity to support economic growth, absorb shocks, and improve capital adequacy ratios, now above Basel…

Nigeria is set to take a major step toward transforming its higher education and innovation ecosystem as Vice President, Kashim Shettima, prepares to formally launch first University Innovation Pods (UNIPODs). The landmark event is scheduled to take place on Tuesday, April 7, 2026, at the University of Lagos (UNILAG). The initiative represents a collaborative effort between the United Nations Development Programme (UNDP), and the Federal Government of Nigeria, aimed at repositioning universities as central drivers of innovation, entrepreneurship, and economic growth. Background and Policy Context The UNIPOD initiative emerges in response to longstanding concerns about the mismatch between academic training…

On March 31, 2026, the Office of the United States Trade Representative (USTR), officially submitted the 2026 National Trade Estimate (NTE), Report to Donald Trump and the U.S. Congress. The report serves as a comprehensive annual assessment of foreign trade barriers affecting U.S. exports and outlines the administration’s policy responses. The announcement underscores the administration’s continued emphasis on reciprocal trade practices, aiming to reduce inequities in global trade and expand market access for American businesses. Purpose and Scope of the NTE Report The NTE is a legally mandated annual document that: Identifies significant foreign barriers to U.S. goods and services…

The Federal Government of Nigeria has officially launched a major national initiative known as the Nigeria National Laureate Annual Prize Programme. This programme is designed to recognise, reward and celebrate exceptional academic research produced by students in tertiary institutions. It aligns with the government’s broader goal of elevating the status of scholarly work and fostering a culture of research excellence across universities, polytechnics, and colleges of education. Purpose and Rationale The initiative stems from the Federal Government’s recognition that high‑quality research is a critical driver of national development. By financially incentivising outstanding academic work, the programme aims to: Elevate academic…

The Lagos State Internal Revenue Service (LIRS), has announced an extension for the submission of individual annual income tax returns for the 2025 tax year. Taxpayers now have until April 14, 2026, to file their returns, instead of the earlier deadline of March 31, 2026. This extension represents a two‑week grace period designed to give taxpayers additional time to prepare, review, and submit accurate and complete tax returns. Background: Statutory Filing Requirement Under Lagos State tax laws, individuals earning income in the state are required to file an annual tax return covering the preceding year. The statutory deadline has traditionally…