Author: TheLagosianMagazine

By Peter Omopo The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country with effect from July 1, 2026, citing their failure to meet regulatory requirements for continued operations. The apex bank said the action was approved by its Governor, Olayemi Cardoso, in accordance with Sections 12 and 13 of the Banks and Other Financial Institutions Act 2020. According to the CBN, the affected institutions failed to satisfy the conditions required to retain their operating licences. The regulator explained that the decision was based on one or more regulatory infractions, including insufficient assets…

By Kolawole Omotola Olaide At least two people have lost their lives following large-scale celebrations in Mexico City after Mexico’s national football team secured qualification for the Round of 16 at the 2026 FIFA World Cup. Authorities in the Mexican capital confirmed that a 19-year-old woman and a 44-year-old man died from suffocation after massive crowds gathered in the city’s streets to celebrate Mexico’s impressive 2-0 victory over Ecuador. Officials said emergency responders were deployed to manage the situation as thousands of jubilant supporters flooded public spaces following the historic result. Investigations into the incident are ongoing, while local media…

By Asiwaju Dele Taiwo “Ọ̀tá kò mọ ọ̀kùn ọ̀là; tótá bá mọ̀ ní, kò bá ti jà.” ….”The enemy does not know the power of destiny; if they knew, they would not have fought.” Those who oppose or try to bring you down often act out of ignorance and jealousy, not because they truly understand who you are or what God has placed upon your life. If they knew the grace, purpose, favour, and divine protection surrounding you, they wouldn’t waste their time fighting you. Má bẹ̀rù, má ṣe rẹ̀wẹ̀sì, ọ̀nà rẹ ti jẹ́ mímọ̀ …Do not be afraid or…

By Kolawole Omotola Olaide The South African government has reassured residents that Tuesday, June 30, will remain a normal working day despite planned anti-immigration protests scheduled to take place across parts of the country. In an official statement, authorities urged citizens not to be misled by rumours circulating on social media about a nationwide shutdown, stressing that government offices, schools, businesses and other essential services would continue operating without interruption. The reassurance comes as anti-immigration organisations, including Operation Dudula and the March and March Movement, prepare demonstrations calling for stricter immigration enforcement and the removal of undocumented migrants from the…

By Kolawole Omotola Olaide A tragic canoe accident in Ahoada East Local Government Area of Rivers State has claimed the lives of two siblings after the vessel they were travelling in reportedly capsized while crossing a river. The victims, identified as 25-year-old Mekalachi Gogochuri and his 23-year-old sister, Rejoice Gogochuri, lost their lives on Saturday evening when the hand-paddled canoe overturned near the Aliya (Over Bridge) area of Ahoada Town. According to the victims’ elder brother, Abraham Gogochuri, the siblings were returning home from work at about 7:45 p.m. when they boarded the canoe alongside five other passengers. Although seven…

By Kolawole Omotola Olaide The Independent National Electoral Commission (INEC) has issued nomination forms to 13 House of Representatives candidates of the All Progressives Congress (APC) in Oyo State, clearing them to participate in the 2027 general elections. The development marks a significant step in the electoral process as political parties continue to complete documentation and submit candidates within the timetable released by the electoral commission. Despite the progress, the APC is yet to finalise its candidate for the Ido/Ibarapa Federal Constituency. The constituency remains the only outstanding federal seat where the party has not officially confirmed a flag bearer.…

By Sola Ojewusi The 2026 FIFA World Cup has entered a breathtaking new phase, and if the opening four Round of 32 matches are anything to go by, football’s established order is under unprecedented assault. For decades, the knockout stage has been the playground of traditional heavyweights. Germany, Brazil and the Netherlands have long carried the aura of inevitability whenever the World Cup reaches its decisive rounds. But in North America, the script is being rewritten with astonishing speed. Four matches have been completed. Three have delivered seismic shocks. The first warning came when co-hosts Canada edged South Africa 1-0…

By Peter Omopo President Bola Ahmed Tinubu has approved 27 major road projects valued at more than ₦3.9 trillion, in what the Federal Government describes as one of the country’s largest infrastructure investments aimed at improving connectivity, stimulating economic growth and enhancing transportation across Nigeria. The projects span 15 states—Adamawa State, Benue State, Cross River State, Ebonyi State, Ekiti State, Kogi State, Kwara State, Lagos State, Niger State, Ondo State, Osun State, Oyo State, Plateau State, Taraba State and Yobe State. Among the flagship approvals is the ₦1.8 trillion re-award of the 409-kilometre dual carriageway project in Niger State under…

By Asiwaju Dele Taiwo “Ore da mi, mo dá ọ̀rẹ́ mi, ọ̀dàlẹ̀ di méjì.”….. “A friend betrayed me, I betrayed my friend, and we both became traitors.” It reminds us that when anger, backbiting, jealousy, and the desire for revenge take over, both sides lose their integrity. “Ore da mi” is painful, but “mọ́ dá ọ̀rẹ́ mi” only multiplies the hurt. True strength is choosing wisdom over retaliation because biting back doesn’t heal the wound it, only creates two betrayers instead of one. Let your character be stronger than your emotions, and let peace speak louder than revenge. ADT Cares

By Peter Omopo The Nigeria Customs Service has intensified its nationwide sensitisation campaign ahead of the July 1, 2026 implementation of the Green Tax Surcharge, urging stakeholders to embrace the policy aimed at promoting environmental sustainability and encouraging the importation of cleaner, eco-friendly vehicles. The latest sensitisation exercise, held at the Apapa Area Command, brought together customs officers, licensed customs agents, freight forwarders, importers and other stakeholders under the theme, “Implementation of the Green Tax Surcharge and Related Fiscal Adjustments.” Speaking on behalf of the Comptroller-General of Customs, Adewale Adeniyi, the Zone A Coordinator, Mohammed Babadende, said the awareness campaign…