Headlines
Workers Sack: Banks Poised To Defy FG Order

Commercial Banks operating in Nigeria may be getting set to square it out with the Federal Government following and Employment, Chris Nwabueze Ngige, directing them to suspend further retrenchment of their workers, pending government intervention to avoid industrial unrest.
Ngige had in a statement last week stated interalia, “Following the high spate of petitions and complaints from stakeholders in the Banking, Insurance and Financial Institutions, I hereby direct the suspension of the on-going retrenchment in the sector pending the outcome of the conciliatory meetings in the industry.
According to him, “This is as a result of the apprehension by my office of the various disputes in the sector in accordance and in compliance with the provisions of the labour laws of Nigeria.”
But the banks do not seem impressed as in a swift response to the minister’s directive told nationalTRAIL that the Federal Government cannot dictate to them the size of manpower they need to keep, when thje same Government is responsible for the problems the banks are facing stressing that they are not bound by any ministerial directive on the matter.
Executive Director of one of the third generation banks in the country told our correspondent on conditions of anonymity that, the operations of banks, including the size of workers they maintain are largely determined by their levels of patronage, and when the government transferred all deposits from commercial banks to the Central Bank, it should naturally expect a proportionate response in terms of downsizing to enable banks remain afloat.
He confided in our correspondent that already the management of banks have began networking on how they can ensure their survival in the face of the Federal Government attempts to arm-twist them into keeping bogus work forces.
“The Government cannot take certain economic steps towards safeguarding her own funds without expecting those that may be directly affected by such policies not to adopt survival approaches, and that is what the commercial bank are doing by reducing their staff strength”, he said
“The Minister may just be playing the ostrich when he pretends not to know that banks are cringing under Government policies on banking, as he know that the banks employed in the first place when the businesses were booming, now we are being strangulated, and the same people who caused it are saying we should maintain what we cannot keep. That is not possible.” The banker added.
Arguing that no bank in Nigeria will survive the next two years if they are forced to keep a workforce they can hardly pay, the Ed said, government cannot force banks to keep workers under any law, because the fundamental law in business is to make profit and not to provide employment that is placing too heavy burdens on their operations.
Dr Ngige in justifying his order, the stated that the decision to halt further retrenchment in the banking sector was predicated upon the fact that the continued retrenchment and redundancy by the banks and other financial institutions are jeopardizing the outcome of the conciliatory and mediatory processes being undertaking by the Ministry of Labour and Employment.
“In this wise, all the retrenchments and redundancies done in the last four months and all proposed ones should be put on hold, pending the outcome of the proposed stakeholders’ summit for the Banking, Insurance and Financial Institutions’ employers and employees, slated for the first week of July, 2016. All parties are therefore advised in the interest of industrial peace and harmony to maintain the status-quo ante-belum” the minister said.
It could be recalled that, several banks have been carrying out retrenchment exercises since last year following the slide in their fortunes, which were equally attendant upon new government policies on banking. Many of the banks claim they cannot continue to keep excess workers, as required under a curtailed banking environment
Headlines
BREAKING: Senate to Engage US Lawmakers Over Alleged Christian Genocide in Nigeria

By: Fabian Apechihin
The Nigerian Senate is set to engage with US lawmakers following renewed debate on alleged targeted attacks against Christians in the country.
The controversy intensified after American TV host Bill Maher, on his HBO program, described the situation as a “silent genocide,” accusing Western media of downplaying mass killings by Boko Haram, ISIS-West Africa, and Fulani militias. He cited claims that over 100,000 Christians have been killed since 2009 and thousands of churches destroyed.
Maher’s remarks were echoed by Republican Congresswoman Nancy Mace, who argued that the crisis had not received the international media attention it deserves.
Government Rejects Genocide Narrative
In response, Nigeria’s Minister of Information and National Orientation, Mohammed Idris, dismissed the claims as misleading and divisive. He emphasized that terrorist groups do not target Christians alone, insisting that Nigerians of all faiths—including Muslims and non-religious citizens—have suffered at the hands of violent extremists.
“Portraying Nigeria’s security challenges as a religious war is a gross misrepresentation of reality,” Idris said.
Headlines
Nigeria @ 65: The Worst Is Over, We’ve Turned a New Corner — Tinubu

By: Fabian Apechihin
President Bola Ahmed Tinubu, in his Independence Day broadcast marking Nigeria’s 65th anniversary, assured citizens that the country has overcome its toughest challenges and is on the path to recovery.
Honouring the Founding Fathers
Tinubu paid tribute to the sacrifices of Nigeria’s independence leaders, including Herbert Macaulay, Nnamdi Azikiwe, Tafawa Balewa, Obafemi Awolowo, Ahmadu Bello, Margaret Ekpo, Anthony Enahoro, Michael Okpara, Aminu Kano, and Funmilayo Ransome-Kuti.
“They believed it was Nigeria’s manifest destiny to lead the black race as the largest black nation on earth,” he said.
Journey So Far
Reflecting on six decades of nationhood, the President noted that Nigeria had endured a civil war, military dictatorships, and political crises but survived with “courage and grit.”
“At Independence, Nigeria had only 120 secondary schools and two tertiary institutions. Today, we have over 23,000 secondary schools, 274 universities, 183 polytechnics, and 236 colleges of education,” he said, adding that the country had made “remarkable progress” in healthcare, telecommunications, aviation, and infrastructure.
Tough Reforms, Signs of Recovery
Tinubu said he inherited a fragile economy distorted by decades of poor policies but chose reform over inaction.
“Our administration ended the corrupt fuel subsidy regime and abolished multiple foreign exchange rates that enriched a few while impoverishing the majority,” he stated.
According to him, the measures are yielding results:
- GDP grew by 4.23% in Q2 2025, the fastest in four years.
- Inflation fell to 20.12% in August, the lowest in three years.
- ₦20 trillion was realised from non-oil revenue by August.
- Debt service-to-revenue ratio dropped from 97% to below 50%.
- Foreign reserves climbed to $42.03 billion, the highest since 2019.
- Oil output rebounded to 1.68 million barrels per day, while Nigeria refined petrol domestically for the first time in four decades.
- The stock market surged from 55,000 points in May 2023 to 142,000 points by September 2025.
“The worst is over. Yesterday’s pains are giving way to today’s relief,” the President declared.
Tackling Insecurity
Tinubu said security agencies were making gains against insurgency, separatism, and banditry.
“Hundreds of communities have been liberated, with thousands of displaced persons returning home. We salute the gallantry of our armed forces,” he said.
Investing in Youth
Describing young people as Nigeria’s “greatest asset,” Tinubu highlighted ongoing programmes:
- NELFUND Student Loans: ₦99.5bn disbursed to 510,000 students.
- Credicorp Loans: ₦30bn given to 153,000 Nigerians for solar, housing, transport, and digital devices.
- YouthCred: Credit support extended to NYSC members.
- iDICE Programme: Partnership with AfDB, AFD, and IsDB to boost innovation in digital and creative sectors.
Call for Collective Effort
Acknowledging that reforms have caused temporary hardship, Tinubu urged Nigerians to remain steadfast.
“Our progress must not be measured by statistics alone, but by food on our tables, quality of education, electricity in our homes, and safety in our communities,” he said.
He called on citizens to embrace productivity, pay taxes, support local industries, and contribute to nation-building.
“The dawn of a new Nigeria is here — self-reliant, prosperous, and united. With God on our side, we will overcome. Let all hands be on deck,” he concluded.
Would you like me to compress this further into a shorter news report (around 6–7 tight paragraphs) for quick-read media, or keep it as a detailed feature-style recap like this one?
Headlines
Bandit Kingpin Releases 28 Captives in Katsina Following Peace Deal

A total of 28 persons abducted by suspected bandits in Faskari Local Government Area of Katsina State have been released without ransom following a peace arrangement with bandit kingpin.
The bandits, led by their commander identified as Isya Akwashi Garwa, handed over the captives to officials of the council on Wednesday.
Zagazola reports that those released were largely residents of Mairua, Kanen-haki and Yar Dabaru communities.
Local authorities confirmed that the release was the outcome of a reconciliation effort initiated in the area to restore peace and reduce violent attacks.
Community leaders in Faskari described the development as a positive signal and urged both sides to sustain the peace process. They also urged the bandit to force other bandits still attacking in the area to stop.
A council official, who spoke on condition of anonymity, said: “The captives were released this afternoon without any ransom being paid. The bandit leader fulfilled his promise under the peace talks,”he said.
Meanwhile, residents expressed relief at the safe return of the abductees, with some calling for stronger security guarantees to consolidate the gesture.
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