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Central Bank Grants Permit To Foreign Banks To Disburse Loans To Nigerians In Dollars

The Central Bank of Nigeria (CBN) on Monday granted foreign banks permission to give loans to Nigerians and companies operating in Nigeria in dollars.
The apex bank adopted this measure to expand dollar liquidity in Nigeria through foreign bank representatives by authorising foreign banks to work with their parent firms in obtaining and syndicating foreign currency-denominated loans (dollar loans) to Nigerian companies.
The Guidelines for the Regulation of Foreign Bank Representative Offices in Nigeria, signed by the Director of Financial Policy and Regulation Department, Muhammad Musa, stated that the policy corresponds with the CBN’s mandate to maintain financial system stability.
He stated that the rules are supported by Sections 6(1) and 8(1) of the Banks and Other Financial Institutions Act 2020 (BOFIA), which stipulate that “no foreign bank shall operate in Nigeria without the prior approval of the CBN.”

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Nigerian Doctor Planning To Relocate To The UK Slvmps And Ð!es After Being On Duty For 72-hours

The Nigerian medical community is reeling from the devastating loss of Dr. Oluwafemi “Femi” Rotifa, a young doctor at the Rivers State University Teaching Hospital (RSUTH) whose life ended just as a new chapter was about to begin.
Dr. Femi had already completed his registration with the UK’s General Medical Council and concluded all plans to relocate for better opportunities abroad. He was days away from starting a fresh life when tragedy struck.
After working a grveling 72-hour call shift at RSUTH’s Emergency Room, he reportedly went to the call room to rest but slumped and never woke up. Despite resuscitation efforts at the ICU, he was pronounced gone—leaving behind family, friends, and colleagues in deep shock.
His passing has been described by the Nigerian Association of Resident Doctors (NARD) and the Nigerian Medical Association (NMA) as a preventable death, one that reflects the harsh reality of overworked and under-supported doctors in Nigeria.
Dr. Femi’s story is both heartbreaking and eye-opening: a young man full of promise, already on the path to building a brighter future abroad, cut down by the very system he gave his all to serve.

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Mohbad: I Have Always Been Ready For The DNA Test – Wunmi

Mohbad’s wife, Omowunmi “Wunmi” Aloba, has finally reacted after the Ikorodu Magistrate Court ordered that a DNA test be conducted on her son, Liam. The court directed that two separate tests be carried out—one in Nigeria and another abroad—with samples to be collected from Mohbad’s remains at the Military Hospital in Yaba in the presence of representatives from both families. The matter has been adjourned till November 11, 2025, for further hearing. In her reaction, Wunmi maintained that she has never been against the DNA process but insisted that it must be done through proper legal channels and not as a result of social media pressure. She explained that she is willing to cooperate once her father-in-law initiates it formally through the court, stressing that no outsider has the right to dictate how it should be done. Her lawyers also pushed back against claims that she was being uncooperative, describing such statements as defamatory and demanding a public apology from those spreading them. Wunmi also clapped back at online commentators who kept dragging her into controversies, making it clear that her priority remains protecting her son and honoring her late husband. While the court’s decision may finally settle questions surrounding Liam’s paternity, many Nigerians have expressed concern that the DNA debate has overshadowed the more pressing issue of justice for Mohbad’s mysterious death. For now, all eyes are on November when the case will resume, with hopes that the truth will bring closure not just to the family, but to fans who continue to demand answers.

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Burkina Faso Shuts Down Bill Gates–Backed Mosquito Project 🚫🦟

The military government in Burkina Faso has suspended Target Malaria, a project backed by Bill Gates’ foundation that releases genetically modified mosquitoes to fight malaria.
Authorities ordered the NGO to immediately stop all operations, saying foreign projects must align with national priorities. Civil society groups had also raised concerns, urging safer alternatives instead of controversial technology.
Target Malaria, active in Burkina Faso since 2012, said it has complied with all laws and remains open to dialogue. The first GM mosquito release happened back in 2019.
Burkina Faso is one of the world’s malaria hotspots, recording over 8 million cases last year.
This decision follows a wider crackdown: in recent months, the Traoré-led government revoked licenses of 21 foreign NGOs.




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