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Folarin Kehinde

Folarin Kehinde

Business

Tatum Bank Meets CBN’s New Recapitalization, within 10 Months of Operation

by Folarin Kehinde March 10, 2026
written by Folarin Kehinde

Tatum Bank has announced that it has met the capitalisation requirement set by the Central Bank of Nigeria for financial institutions operating in the country.

The bank disclosed this in a statement on Monday, noting that the milestone strengthens its financial base and positions it to expand its role in Nigeria’s financial services sector.

According to the statement, the achievement also reinforces the bank’s commitment to providing a secure and dependable financial platform for its growing customer base.

The Managing Director of Tatum Bank, Niyi Adeseun, said the development reflects the institution’s strong foundation and readiness for sustainable growth.

“This milestone is a strong affirmation of the solid foundation upon which Tatum Bank was built.

Our vision has always been to create a safe financial haven where customers can confidently pursue their financial goals,” he said.

Adeseun added that the bank would continue to strengthen its commitment to delivering seamless and reliable banking services to customers.

Also commenting, the Chairman of the bank, Samuel Ologunorisa (SAN), said the institution would continue to leverage digital banking solutions to expand access to financial services across the country.

“Our strategy is firmly anchored on leveraging digital banking solutions to drive financial inclusion while supporting the growth of businesses and large corporations,” he said.

Ologunorisa noted that the bank’s operations are guided by strong corporate governance principles, responsible environmental, social and governance practices, and a robust enterprise risk management framework.

He added that these principles would continue to guide the bank in building a resilient and transparent financial institution within Nigeria’s evolving financial landscape.

The bank stated that it achieved the capitalisation milestone less than a year after commencing full banking operations in May 2025.

It added that the strengthened capital base would support its commitment to innovation, operational excellence and improved banking experiences for customers.

March 10, 2026 0 comments
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Headlines

Fire Breaks Out At Federal Head Of Service Building In Abuja

by Folarin Kehinde March 9, 2026
written by Folarin Kehinde

A section of the Office of the Head of Service of the Federation building in Abuja has gone up in flames.

Eyewitnesses report that the fire was first noticed in one part of the structure at approximately 8:20 a.m., with smoke billowing from the affected area.

The incident was said to have occurred at Section C of the head of service building, within the Head of Service complex, as staffers in the building were seen moving away from the affected area while emergency responders were alerted to contain the situation.

The media department of the Office of the Head of Service of the Federation confirmed the incident, stating that the fire outbreak was limited to Section C of the building and was currently being attended to by emergency officials.

The exact cause of the fire has yet to be ascertained, as an investigation into the cause of the fire is expected to commence after the situation is fully brought under control.

 

March 9, 2026 0 comments
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Headlines

Police reportedly remove force PRO Hundeyin 6 months after serving as Ex-IGP’s apologist

by Folarin Kehinde March 5, 2026
written by Folarin Kehinde

The Nigeria Police Force (NPF) has removed its Force Public Relations Officer, Benjamin Hundeyin, barely six months after he assumed the position.

It was learnt that the approval for Hundeyin’s removal was given on Thursday, March 5, 2025.

However, the circumstances surrounding the sudden development remain unclear as of the time of filing this report.

The decision comes amid ongoing internal restructuring within the police hierarchy following the emergence of new leadership at the force headquarters.

The shake-up follows the appointment of Tunji Disu as the 23rd Inspector-General of Police by President Bola Ahmed Tinubu. Disu was named IGP last week after the removal of Kayode Egbetokun, who had led the force since 2023.

A source quoted by The Whistler confirmed the development, saying, “The Force Public Relations Officer has been removed this morning.”

However, uncertainty remains over who will replace Hundeyin as the new spokesperson of the force, particularly as operational activities within the police have intensified in recent days.

During his time as the Force’s PRO, Hundeyin was involved in a series of controversies including claiming that N100million was erroneously transferred from the Anambra State Government’s security vote account to Victor Adewale Egbetokun, son of formerInspector-General of Police (IGP), Kayode Egbetokun.

 

March 5, 2026 0 comments
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Uncategorized

WIDEN empowers women with inclusive AI solutions

by Folarin Kehinde March 4, 2026
written by Folarin Kehinde

Stakeholders in academia and technology have intensified efforts to bridge the gender gap in Science, Technology, Engineering and Mathematics (STEM) through the Women in Digital Empowerment Network (WIDEN), a British Council-funded initiative designed to equip Nigerian women — including those with disabilities — with digital and artificial intelligence skills.

Speaking at the third workshop on the presentation of digital solutions under WIDEN, the Nigeria Principal Investigator, Prof. Ganiyat Adesina-Uthman, said the project was born out of concern over the persistent exclusion of women from the technology ecosystem.

“Whenever you hear about tech, it is always ‘tech boys, tech boys.’ What about tech ladies? It is not that women do not want to learn; many simply do not have access to education, digital tools and opportunities,” she said.

The WIDEN programme, sponsored by the British Council, was conceptualised to address these access gaps while ensuring inclusion of vulnerable groups, particularly persons with disabilities.

Adesina-Uthman explained that the team deliberately structured the training to accommodate participants who are deaf, blind, or physically challenged, with provisions such as sign language interpreters and audio adaptations.

Among the collaborators on the project are Dr. David Wilson of the University of London and disability advocate Dr. Lalu James, former Executive Secretary of the National Commission for Persons with Disabilities.

She disclosed that representatives of the Federal Ministry of Education and the National Universities Commission attended the second and third workshops, pledging support for scaling up the initiative across tertiary institutions.

“Our next step is to engage them formally so that the solutions developed can be improved, protected and implemented widely in Nigerian universities,” she said.

Over 200 participants registered for the current cohort, although about 70 are actively engaged. The project, which runs free of charge until April, is expected to transition into a paid model unless adopted by the Federal Government.

Adesina-Uthman also commended President Bola Ahmed Tinubu for lifting restrictions on research grant funds previously held by the Central Bank of Nigeria, noting that the directive allowing funds to be paid into commercial bank accounts would ease access for researchers.

Participants at the workshop showcased locally relevant AI-driven solutions. One innovation, “School Connect,” enables parents to monitor their children’s school attendance and academic performance remotely while maintaining data confidentiality.

Adesina-Uthman also developed a postgraduate progress monitoring platform to address prolonged study durations in Nigerian universities. The system requires periodic progress reports from students and supervisors, a model she said mirrors international best practices.

Co-Principal Investigator, Dr. David Botchie of Brunel Business School, Brunel University London, noted that while the challenges facing women in STEM are well documented, practical solutions have remained limited.

“We understand that enabling environments are not always there for women to thrive in tech-related jobs. WIDEN focuses on equipping women with practical digital skills so they can create useful products, monetise them and improve their welfare,” he said.

He acknowledged that internet connectivity and affordability remain barriers in Nigeria and across the Global South, urging governments to work closely with telecommunications providers to expand access.

Prof. Rashidah Olanrewaju, Co-Investigator and Professor of Artificial Intelligence and Computer Science at Nasarawa State University, emphasised the need for indigenous AI systems that reflect Nigerian culture and values.

“We have artificial intelligence everywhere, but something is missing — our indigenous knowledge, our proverbs, our respect culture. We need systems that reflect who we are,” she said.

She added that sustainability of the initiative would depend on mentorship and intergenerational knowledge transfer, stressing the importance of engaging young women to build long-term impact.

Adesina-Uthman encouraged women to embrace AI as a productivity tool rather than fear job displacement.

“Artificial intelligence will not take your job. It will take the jobs of those who do not use it. Use AI to enhance what you do, especially routine tasks, and focus your energy on creativity,” she advised.

Describing WIDEN as a movement rather than a one-off project, she called on women across Nigeria to seize the opportunity to gain digital skills and participate in shaping inclusive technological solutions for the country.

 

March 4, 2026 0 comments
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Headlines

BREAKING: Tinubu appoints Taiwo Oyedele as Minister

by Folarin Kehinde March 3, 2026
written by Folarin Kehinde

President Bola Ahmed Tinubu has appointed Taiwo Oyedele as the Minister of State for Finance, replacing Dr Doris Uzoka-Anite.

This was disclosed by Bayo Onanuga, Special Adviser to the President on Information and Strategy.

Onanuga also said Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.

The statement said, President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.

Until President Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

Oyedele, 50, is an economist, accountant and public policy expert.

He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance. He attended Oxford Brookes University and earned a BSc in applied accounting.

He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

 

March 3, 2026 0 comments
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Fashion

Chicwave By Rophie Redefines Thrift Fashion with Global Reach

by Folarin Kehinde March 3, 2026
written by Folarin Kehinde

In a fashion landscape increasingly driven by individuality and sustainability, Chicwave By Rophie is carving a niche with its carefully curated collection of unique and uncommon thrifted pieces.

Operating in both retail and wholesale segments, the brand caters to a diverse clientele — from individual fashion enthusiasts searching for distinctive wardrobe additions to bulk buyers seeking quality thrift selections. Its offerings include full bales, graded selections, and slot purchases, providing flexible options tailored to different customer needs.

With operations rooted in Ikorodu, Lagos, Chicwave By Rophie has expanded its reach beyond local boundaries. The brand offers worldwide delivery, positioning itself as a global player in the growing thrift fashion market.

Founder Rophie says the vision behind the brand is to make standout fashion accessible while promoting the value of second-hand clothing. “We focus on sourcing uncommon pieces that help our customers express their individuality. Whether you are buying a single item or stocking up in bulk, quality and uniqueness remain our priority,” she said.

As demand for sustainable fashion continues to grow, Chicwave By Rophie is leveraging both physical and digital platforms to connect with customers across Nigeria and internationally.

With its blend of accessibility, flexibility and global logistics, the brand is steadily building a reputation as a go-to destination for curated thrift fashion.

March 3, 2026 0 comments
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Nyesom Wike
Headlines

“If I Run for President, Nigerians Will Vote for Me Massively” — Wike Boasts

by Folarin Kehinde March 2, 2026
written by Folarin Kehinde

The Minister of the Federal Capital Territory, Nyesom Wike, on Monday expressed confidence that he would defeat any opponent decisively if he decides to run for the presidency.

Speaking during his monthly media chat with selected journalists, Wike said Nigerians still hold him in high regard.

“Nigerians still love me, and if I run for the presidential election, they will vote for me massively,” he said.

The minister emphasised his ability to connect with ordinary citizens, pointing to his track record as former Governor of Rivers State and current FCT Minister as evidence of his leadership credentials.

Wike also expressed optimism that even if the recently concluded area council elections in the nation’s capital were repeated, his loyalists would still emerge victorious.

March 2, 2026 0 comments
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Headlines

Fuel Price in Nigeria Set to Increase amid US War with Iran

by Folarin Kehinde March 2, 2026
written by Folarin Kehinde

Nigeria could soon face another round of petrol and diesel price increases following renewed conflict between the United States and Iran, which has unsettled the global crude oil market.

Energy analysts say escalating hostilities in the Middle East are already pushing risk premiums into oil prices and could directly affect fuel costs in Nigeria despite recent gains in local refining capacity.

Checks by LEADING REPORTERS in major cities show petrol selling between N824 and N880 per litre, depending on location and logistics. This comes shortly after the Dangote Petroleum Refinery reduced its ex-depot price of petrol from N799 to N774 per litre in February 2026.

However, experts warn that the relief may be short-lived if crude oil prices approach the $90 per barrel mark due to the conflict.

The tension has disrupted tanker movements around the strategic Strait of Hormuz, a key route for global oil shipments. The corridor handles more than 20 per cent of the world’s oil supply, and any threat to it usually sends prices upward.

Speaking on the implications for Nigeria, Kelvin Emmanuel, Chief Executive Officer of Dairy Hills, said the country remains exposed because the Dangote refinery still relies heavily on imported crude.

He said, “Dangote currently processes an average of 18 million barrels of crude oil monthly. Out of this, about 12 million barrels are imported, while he gets about 5.7 million barrels, which is the equivalent of six cargoes, from the Nigerian National Petroleum Company Limited.”

He added that rising war risk insurance premiums for tankers would further increase landing costs of crude in Nigeria.

According to him, “If crude prices rise above $90 per barrel, the refiner will have to revise the price of PMS and diesel in Nigeria.”

Emmanuel also questioned the transparency of the naira-for-crude deal, stating, “The government claims that it supplies him nearly 190,000 barrels under the naira-based crude swap but is unable to account for the volume of cargoes given under said arrangement, or specify the equivalent petrol and diesel output.”

Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, said Nigeria’s dependence on foreign crude makes local fuel prices vulnerable to international shocks.

He explained, “Nigeria is the largest crude oil producer in Africa and at the same time hosts the biggest refinery on the continent and the seventh largest globally. Ideally, a hike in global crude prices should not have a direct impact on local fuel prices.”

But he warned that the situation is different in practice.

He said, “Fuel prices will be at the mercy of oil prices. Petroleum traders in Nigeria have been tracking events between Iran and the US, and a surge in oil prices is expected. For Nigeria, revenue will increase, but Nigerians should brace for higher fuel prices on Monday, no doubt.”

Jeremiah urged the federal government to boost crude production and curb oil theft, describing the crisis as a wake-up call for domestic supply to refineries.

An energy law expert at the University of Lagos, Dayo Ayoade, said Nigeria can no longer shield citizens from global oil price swings following the removal of fuel subsidies.

He noted, “Without subsidies, any crude price increase will directly impact fuel prices at the pump. More revenue may come in, but we must remain cautious.”

Petroleum economist Wumi Iledare cautioned against panic, saying the global oil market is now more diversified than in past crises.

He said, “We must resist the temptation to interpret the US–Iran strike as the beginning of another historic oil shock.”

Meanwhile, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said marketers were watching developments closely.

He stated, “Anything that affects the international oil market will affect local supply and prices. We are watching the trend and the reactions of the refinery and the government.”

March 2, 2026 0 comments
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Business

Bag of cement jumps to N11,000

by Folarin Kehinde February 27, 2026
written by Folarin Kehinde

Consumers and builders across several states are groaning under the weight of fresh increases in cement prices, with a bag now selling between N10,500 and N11,000 in many parts of the country.

Market surveys conducted in Kwara, Abuja, Kano, Kaduna, Jigawa and other northern states indicate that the upward review has become widespread, cutting across major brands and leaving household builders, block makers and contractors struggling to adjust their budgets.

In Ilorin and other parts of Kwara State, cement that previously sold for around N9,300 to N9,700 per bag last month now averages between N10,500 and N10,700 depending on the brand and location.

At major building material hubs in the state capital, a bag of Dangote Cement which earlier sold for about N9,500 now goes for between N10,500 and N10,600.

Similarly, BUA Cement has risen from roughly N9,500–N9,600 to about N10,600–N10,700.

Lafarge Africa products are also being sold within the same N10,600 to N10,700 range, while Mangal Cement, which was the most affordable at about N9,300–N9,400, now sells for between N10,500 and N10,600.

Traders attribute the development to what they describe as rising supply chain costs and increased production expenses.

 

February 27, 2026 0 comments
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INEC
Headlines

INEC Shifts 2027 General Elections to January, February Over New Electoral Act

by Folarin Kehinde February 26, 2026
written by Folarin Kehinde

The Independent National Electoral Commission (INEC) has revised the timetable for the 2027 General Election, shifting the Presidential and National Assembly polls to January 16, 2027, and the Governorship and State Houses of Assembly elections to February 6, 2027.

The electoral body said the adjustment followed the repeal of the Electoral Act, 2022 and the enactment of the Electoral Act, 2026, which introduced changes to statutory timelines governing pre-election and electoral activities.

INEC, in a statement, explained that the Commission had earlier scheduled the Presidential and National Assembly Elections for Saturday, February 20, 2027, and the Governorship and State Houses of Assembly Elections for Saturday, March 6, 2027.

However, with the coming into force of the new Electoral Act, 2026, the Commission reviewed and realigned its schedule to ensure compliance with the new legal framework.

Under the revised timetable, Presidential and National Assembly Elections will now hold on Saturday, January 16, 2027, while Governorship and State Houses of Assembly Elections will take place on Saturday, February 6, 2027.

INEC also released key milestones leading up to the polls.

According to the Commission, conduct of party primaries, including the resolution of disputes arising from the primaries, will commence on April 23, 2026 and end on May 30, 2026.

Campaigns for Presidential and National Assembly candidates are scheduled to begin on August 19, 2026, while Governorship and State Houses of Assembly campaigns will commence on September 9, 2026.

The Commission reminded political parties that campaigns must end 24 hours before Election Day, in line with the law.

It urged parties and stakeholders to strictly adhere to the revised timetable, warning that it would enforce full compliance with the provisions of the new Electoral Act.

February 26, 2026 0 comments
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