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Paystack Moves Into Lending As It Acquires Ladder Microfinance Bank

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  Paystack has completed the acquisition of Ladder Microfinance Bank, marking a significant step in the fintech company’s transition from a payments-focused platform to a broader financial services provider. The deal gives Paystack a microfinance banking licence, enabling it to accept deposits and issue loans—functions it could not perform under its previous switching and payments-only licence. The move formally positions Paystack within Nigeria’s regulated banking space as it seeks to expand its product offering beyond payments. It was gathered that the acquired institution will be rebranded Paystack Microfinance Bank (Paystack MFB) and operate as a separate regulated unit within the Paystack group, maintaining regulatory oversight while supporting new product development. Paystack’s Chief Operating Officer, Amadine Lobelle, said the company plans to roll out lending products initially for businesses before gradually expanding into consumer loans and additional financial services....
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“Iyabo Ojo Unfollowed Me Because I Commented On VeryDarkMan’s Post” – Phyna

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  Phyna (left) and Iyabo Ojo Big Brother Naija Season 7 (Level Up) winner, Ijeoma Josephina Otabor, popularly known as Phyna has stated that Nollywood actress, Iyabo Ojo unfollowed her because she commented on the post of the Nigerian influencer and social media activist, Martins Vincent Otse, popularly known as VeryDarkMan (VDM). Phyna  made this claim during her Twitch livestream. The reality star explained that before her comment on VeryDarkMan’s post, the actress always liked and commented on her posts. She  noted that Iyabo withdrew her support and unfollowed her when she misunderstood her comment. “She was having issues with V. So, I twitted to like replying to V because V made a statement but it was mistaken, and since then I think mama doesn’t like me that much again because before she used to comment on my posts, she used to like it. “Now,  she no longer likes it and she no longer follows me. And I’m very sure it’s because of the dirty boy but it’s one I hav...
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Two More Rivers State Lawmakers Join Calls To Drop Impeachment Against Governor Fubara

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  Two additional members of the Rivers State House of Assembly have urged their colleagues to drop the impeachment proceedings against Governor Siminalayi Fubara and his Deputy, Ngozi Odu. The lawmakers, Barile Nwakoh, who represents Khana Constituency I, and Emilia Amadi of Obio/Akpor Constituency II, made the appeal two days after two other members of the Assembly publicly took the same position, urging restraint and dialogue over the impeachment process. Lawmakers Sylvanus Eyinna Nwankwo and Peter Abbey, broke ranks on Monday and urged their colleagues to handle the dispute with caution and understanding. The lawmakers advocated alternatives to impeachment, hinting at a possible path toward reconciliation in the escalating standoff between the legislative and executive arms of government. The call was made during a press briefing in Port Harcourt, Rivers State. Speaking at the briefing, Nwankwo, the Minority Leader of the House and representative of Omuma State Constituency, sai...
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First Set Of AAU Students Arrested By The Police Over Ekpoma Protest Have Been Released

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The first group of Ambrose Alli University (AAU) students arrested during last weekend’s anti-kidnapping protest in Ekpoma, Edo State, has been released following approval from Governor Monday Okpebholo. Recall that 52 persons were arrested by the police last weekend after the protest against the increasing rate of kidnapping and insecurity in the community turned into a violent riot as some of the protesters vandalized properties and looted shops in the community.  Following the arrest, there was a public outcry with claims that most of the persons arrested were students of the Ambrose Alli University (AAU). It was alleged that the police stormed the school hostel and summarily arrested some of the students. Following the public outcry for their release, the state Governor, Monday Okpebholo, ordered the release of ‘genuine students’ amongst the arrested protesters. Last night, seven of the AAU students who were among those arrested were released. The state government says others s...
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Popular Nigerian Gospel Singer, Bunmi Akinnanu Is Dead

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Bunmi Akinnanu, the popular Nigerian gospel singer, who is widely known for her hit song “Omije Ojumi,” has died. The news of her death was confirmed on Tuesday evening by a close source familiar with the singer’s family. As of now, the family has not released an official statement, though further details are expected in the coming days. Akinnanu’s death follows months of public appeals for prayers and divine intervention as she battled a serious leg ailment. In late 2025, a video of the singer at G.F. David Ministries in Ibadan, Oyo State, circulated online, showing her seated with her leg extended while prayers were offered for her recovery. The footage drew widespread attention and concern over the severity of her condition. During the service, the presiding cleric revealed that Akinnanu had been experiencing persistent bleeding in her leg, prompting an intense prayer session. The video quickly went viral, with fans and well-wishers across Nigeria organizing prayer vigils and fl...
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U.S. Delivers Military Supplies To Nigeria

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  The  United States has delivered military supplies to Nigerian security agencies in support of ongoing operations in the country. The  United States Africa Command (AFRICOM), announced the delivery in a post on X on Tuesday. “U.S. forces delivered critical military supplies to our Nigerian partners in Abuja. This delivery supports Nigeria’s ongoing operations and emphasizes our shared security partnership,” AFRICOM said on X. Ni geria in recent times has faced an upsurge of insecurity, with hundreds being kidnapped. The U.S. forces launched airstrikes on terrorist enclaves in North-West Nigeria on Christmas Day.
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Edo State Court Remands 52 Youths Over Protest Against Kidnapping In Ekpoma

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The Edo State High Court, Criminal Court 2, has ordered that 52 youths involved in the Ekpoma protest be remanded at the Ubiaja Correctional Centre. The protesting youths who were reportedly mainly students of the Ambrose Alli University had taken to the streets on Saturday January 10 to protest the increasing spate of kidnapping and insecurity in their community located in Edo Central region. During the protest, several properties including the palace of the monarch in the community were destroyed. Videos of the protesting youths made the rounds on social media. The police later stepped, alleged that the protest was hijacked by some hoodlums and made some arrests. “Regrettably, the protest was hijacked, and all the rules of peaceful protest were ignored, which led to incidents, including malicious damages, looting of property, vandalisation of shops, as well as a military personnel discharging firearms at a protester,”  the statement signed by the Police Public Relations Officer, ...
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