News
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.”

News
Mount Zion Films Promote, Rather Than Demonise, Yoruba Culture — Joshua Mike-Bamiloye

Filmmaker and gospel minister Joshua Mike-Bamiloye has stated that productions by Mount Zion Faith Ministries are intended to celebrate, rather than demonise, Yoruba culture.
Mike-Bamiloye made the clarification amid discussions about the portrayal of traditional beliefs and cultural practices in faith-based films produced by the ministry.
According to him, Mount Zion’s movies are designed to highlight positive aspects of Yoruba heritage while conveying Christian messages and moral lessons. He stressed that the aim is not to attack any culture but to tell stories that inspire viewers and encourage positive values.
The filmmaker noted that Yoruba culture is rich in history, language, and traditions, and that many of these elements have been incorporated into Mount Zion productions over the years.
He explained that the ministry’s focus has always been on addressing spiritual and social issues through storytelling while maintaining respect for cultural identities.
Mike-Bamiloye also emphasized the importance of preserving indigenous cultures and languages, urging filmmakers to continue creating content that reflects Africa’s diverse heritage.
His comments have sparked conversations among movie enthusiasts and cultural advocates, with many praising the role of faith-based productions in promoting local narratives and traditions.
Mount Zion remains one of Nigeria’s most influential Christian film ministries, known for producing movies and dramas that combine entertainment with religious and moral teachings.
News
Kerosene Prices Decline as Petrol, Diesel Costs Continue Upward Trend — NBS

The has reported a decline in the average price of household kerosene, even as the costs of petrol and diesel recorded increases across the country.
According to the latest data released by the agency, kerosene prices eased compared to previous months, offering some relief to households that rely on the product for cooking and other domestic activities.
In contrast, the average prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (diesel) continued their upward trajectory, reflecting ongoing market dynamics within the downstream petroleum sector.
The increase in petrol and diesel costs is expected to have broader economic implications, particularly for transportation, manufacturing, and small businesses that depend heavily on fuel-powered operations.
Analysts say rising diesel prices could further increase operating expenses for businesses, while higher petrol costs may place additional pressure on household budgets and transportation fares.
Despite the decline in kerosene prices, experts note that the overall energy cost burden on many Nigerians remains significant due to the persistent increases in other petroleum products.
The latest figures underscore the mixed trends currently being experienced in Nigeria’s energy market, with consumers closely monitoring price movements and their impact on the cost of living.
News
Fuji Music Veteran Love Azeez Passes Away at 81

The Nigerian entertainment industry has been thrown into mourning following the death of veteran Fuji musician Love Azeez at the age of 81.
Love Azeez was widely respected for his contributions to the growth and popularity of Fuji music, earning admiration from fans and fellow musicians over a career that spanned several decades.
News of his passing has sparked an outpouring of tributes from across the music industry, with many describing him as a cultural icon whose work helped shape the evolution of Fuji music in Nigeria.
Throughout his career, the late singer was celebrated for his unique style, captivating performances, and dedication to preserving the rich traditions of indigenous Yoruba music.
Colleagues and admirers have taken to social media to honour his memory, reflecting on the impact he made both on and off the stage.
His death marks the end of an era for many Fuji music enthusiasts who regard him as one of the genre’s most influential figures.
As tributes continue to pour in, fans are remembering Love Azeez not only for his music but also for the legacy he leaves behind in Nigeria’s cultural and entertainment landscape.
The veteran musician’s contributions are expected to remain a source of inspiration for future generations of Fuji artists and music lovers.
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