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The Federal Government has intensified efforts to promote balanced national development with the unveiling of a new coordination and

Iranian senior officials have threatened to close the Strait of Hormuz again by considering it a ceasefire violation if the US naval blockade of Iranian ports continues.

Aboyeji described the anointing as indispensable for anyone called into God’s work….

The court admitted all the documents and items in evidence in the absence of objection from the defence lawyer…

He posted on Truth Social that even though Iran declared the Strait of Hormuz “completely open” for the rest of the ceasefire, the American blockade stopping ships that have visited Iranian ports will stay in place. 

 …injects new principal officers The governing council of the Federal School of Surveying (FSS), Oyo has modified the scheme of service, a new guidelines legally documented for management’s day-to-day running of the institution. This was resolved during the 64th council meeting held recently and headed by the council chairman who is also Surveyor-General of the […]

Ahead of the forthcoming party primaries, a healthcare professional and unionist, Nurse Ishaku Yakubu, has formally declared his intention to

The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR), a new benchmark designed to enhance transparency, improve monetary policy transmission, and deepen the country’s money market.

The CBN disclosed that the NOFR aligns Nigeria’s financial system with global best practices in short-term interest rate benchmarks.

The rate is expected to improve price discovery, ensure greater transparency, and promote consistent pricing across money market instruments.

According to a statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, the benchmark will also strengthen the effectiveness of monetary policy, support financial innovation, boost investor confidence, and enhance risk management across the financial system.

With the launch of NOFR, Nigeria joins jurisdictions that operate similar benchmarks, including the Secured Overnight Financing Rate (SOFR) in the United States, the Sterling Overnight Index Average (SONIA) in the United Kingdom, the Euro Short-Term Rate (€STR) in the Eurozone, and the Tokyo Overnight Average Rate (TONA) in Japan.

It also complements African benchmarks such as the Johannesburg Interbank Average Rate (JIBAR) in South Africa.

The benchmark follows a stakeholder engagement session held on February 27, 2026, during which market participants formally adopted the rate.

After securing regulatory approval, NOFR has now come into operation, with the CBN designated as its administrator.

The apex bank stated that it will ensure robust governance, transparency, and the regular publication of the rate to support market confidence and integrity.

CBN Unveil Overnight Financing Rate To Boost Market Transparency is first published on The Whistler Newspaper

The Federal Competition and Consumer Protection Commission (FCCPC) has denied reports claiming it banned airtime borrowing and data advance services in Nigeria, describing such claims as false and misleading.

In a statement issued on Friday, the Commission said it had not cancelled, shut down, or prohibited airtime borrowing or data advance services, stressing that no directive was issued to stop consumers from accessing lawful telecom value-added services.

The FCCPC said the clarification became necessary following newspaper reports and viral anonymous social media posts alleging that the Commission was responsible for disruptions in the services.

According to the agency, the claims misrepresented the intent of its Digital Economy and Online Consumer (DEON) Consumer Lending Regulations introduced in July 2025.

The Commission explained that the regulations were designed to address rising consumer complaints over opaque charges, unexplained deductions, aggressive debt recovery methods, poor disclosure standards, and lack of accountability in segments of the digital lending and advance-services market.

It said the rules were aimed at creating a fairer and more transparent system by requiring proper registration, responsible lending practices, clear disclosure of fees and terms, accessible complaint channels, data protection safeguards, and stronger oversight of third-party partners.

The FCCPC further disclosed that some telecom operators had engaged in exclusionary third-party technical arrangements contrary to provisions of the Federal Competition and Consumer Protection Act, 2018.

It noted that operators were initially given a 90-day compliance window beginning in July 2025 to regularise their products and operations, which was later extended until January 5, 2026.

However, the Commission said some affected operators failed to utilise both deadlines and continued operating models that generated consumer complaints relating to deductions, charges, transparency, and accountability.

“Any temporary suspension, restriction, or operational change introduced by service providers should therefore be understood as a business or compliance decision by those operators, not a ban imposed by the FCCPC,” the statement said.

The agency accused unnamed vested interests and foreign collaborators of sponsoring a misinformation campaign to frustrate efforts aimed at promoting safe markets and fair competition.

It urged Nigerians to disregard false narratives on the matter, reaffirming its commitment to protecting consumers, promoting fair competition, encouraging responsible innovation, and ensuring transparent digital financial practices.

FCCPC Denies Ban On Airtime Borrowing, Data Advance is first published on The Whistler Newspaper

The Federal Government has unveiled a youth-driven National Action Plan IV (NAP IV), signalling a renewed push for transparency, accountability, and inclusive governance in Nigeria. The Minister of Youth Development, Ayodele Olawande, announced the new framework during the 22nd National Steering Committee meeting of the Open Government Partnership in Abuja. Olawande, who also handed over […]