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The Joint Admissions and Matriculation Board (JAMB) has projected N23.8bn as its internally generated revenue (IGR) for the 2026 fiscal year, representing a N4bn increase from its 2025 estimate. The disclosure was made on Wednesday during the presentation of the agency’s 2026 budget proposal before the Senate Committee on Tertiary Institutions and TETFund. A director in the office of the Registrar, Prof. Ishaq Oloyede, Dr. Muftau Bello, presented the estimates on behalf of the board. According to him, N6bn from the projected revenue would be remitted to the Federation Account as operating surplus. “A total of N30.6bn budget profile is proposed by JAMB in 2026, out of which N23.8bn is to be generated internally and N6bn remitted into the Federation Account as operating surplus for the year,” he said. The agency also reviewed its 2025 performance, revealing that it generated N18.5bn as IGR and remitted N4bn to the Federation Account. On preparations for the 2026 Unified Terti...

Meet new INSPECTOR GENERAL of POLICE, Olatunji Rilwan Disu: Nigeria's Dedicated Law Enforcement Leader IGP Olatunji Rilwan Disu, was born on April 13, 1966, in Lagos Island, Nigeria, has built a distinguished career in law enforcement, marked by dedication, extensive training, and a commitment to public service.  Educational Background IGP Disu's educational journey laid a strong foundation for his policing career: - Primary Education: Holy Cross Cathedral Primary School and Mayflower Junior School in Ikenne, Ogun State. - Secondary Education: Pobuna Secondary Grammar School in Epe and St. Gregory's College, Lagos, completing in 1985. - Tertiary Education: Bachelor's degree in English Education from Lagos State University (LASU) in 1990. - Advanced Degrees: Two master's degrees—one in Public Administration from Adekunle Ajasin University (2010) and another in Criminology, Security, and Legal Psychology from LASU (2022). Additionally, he holds a Postgrad...

The Central Bank of Nigeria has reduced its benchmark interest rate by 50 basis points, lowering it from 27 percent to 26.50 percent. The CBN Governor, Olayemi Cardoso, announced this in a press briefing after its 304th Monetary Policy Committee on Tuesday. Ppp Cardoso said the decision was unanimously agreed upon by all members of MPC. He said the committee retained the Cash Reserve Ratio (CRR) at 45 percent for commercial banks and 16 percent for merchant banks, while the 75 percent CRR on non-TSA public sector deposits was equally maintained. Cardoso added that the liquidity ratio was retained at 30 percent, and the standing facilities corridor was adjusted to +50/-450 basis points around the monetary policy rate. “The committee decided to reduce the monetary policy rate by 50 basis points to 26.50 percent,” he said. Recall that in November 2025, the MPC retained the Monetary Policy Rate (MPR) at 27.00 percent. The last time the apex bank cut interest was in September la...

A former presidential candidate and activist, Omoyele Sowore, has ridiculed former Kaduna State Governor Nasir El-Rufai and former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, who are presently in the custody of the Nigerian government. Both men are being probed by the Nigerian government over various alleged corruption and security issues. A spokesperson to El-Rufai, Muyiwa Adekeye, disclosed on Monday that the former Kaduna governor experienced a nosebleed overnight while being held by the Economic and Financial Crimes Commission, EFCC. Adekeye also alleged that the commission stopped El-Rufai’s wife from handing him food personally on February 17. El-Rufai had turned himself in at the EFCC headquarters on February 16 after receiving an invitation from the anti-corruption agency. Two days later, on February 18, the Independent Corrupt Practices and Other Related Offences Commission, ICPC, assumed custody of him following his release from th...

The Federal Capital Territory, FCT, Minister, Nyesom Wike, has commended the peaceful conduct of Saturday’s chairmanship and councillorship elections across the six Area Councils in the Federal Capital Territory. The minister, who personally monitored the election, also expressed satisfaction with residents’ participation, noting that although voter turnout was low in the city centre, the large number of residents in the satellite towns who came out to vote for candidates of their choice was impressive. He said, “We thank God that everywhere is peaceful. The problem we have is low voter turnout, particularly in the cities, and that has always been the case. But going round some of the satellite towns, you can see that it is quite impressive. Coming to this polling unit (Ketti Primary School), you can see the massive turnout here, as with other polling units in satellite towns we visited. It is unfortunate that in the city there is very low turnout. It is always the case. “W...

The African Democratic Congress, ADC, says the Economic and Financial Crimes Commission, EFCC, appears only efficient towards the opposition. National spokesman of the party, Bolaji Abdullahi, made this allegation on Thursday when he featured in an interview on Arise Television. He was speaking on the arrest and detention of former Attorney-General of the Federation, AGF, Abubakar Malami and that of the former Kaduna State Governor, Nasir El-Rufai. “We have the EFCC and the Independent Corrupt Practices and Other Related Offences Commission, ICPC, two national institutions funded by public money to probe and investigate corruption charges and prosecute people for corruption practices. “But they appear to be only efficient and effective when opposition figures are involved. And we are concerned that national institutions are being turned into partisan agents. "Because all you need to do is to look at the side of the government and see the kind of individuals in the rank...