NEWS
CBN, Cardoso Shine at Capital Market Choice Awards
By Tony Obiechina, Abuja
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has been conferred an Honorary Award at the maiden Nairametrics Capital Market Choice Awards, held in Lagos.Presenting the Honorary Award to Cardoso, the Founder/CEO of Nairametrics, Ugo Obi-Chukwu, said the award was in recognition of Cardoso’s transformative leadership and strategic contributions to Nigeria’s financial and capital markets, noting that under his leadership, the CBN has pursued reforms which has transformed the financial sector, restored investor confidence, deepened market participation, and fostered long-term economic resilience.
In addition to the individual recognition, the Central Bank of Nigeria also won the “Market Reform Initiative of the Year” award, a testament to the Bank’s continued efforts to drive systemic reforms and innovation within the financial ecosystem.According to the organisers, “the CBN’s recent policy interventions aimed at strengthening monetary transparency, investor confidence, and financial market stability earned it the distinguished award”.Receiving the award on behalf of the Governor and the CBN, the Bank’s Director, Banking Supervision Department, Dr. Olubukola Akinwunmi, expressed gratitude to Nairametrics for the award and urged all stakeholders to continue striving for transparency to ensure stability in the financial system.Other Honorary Award recipients were the Governor of Lagos State, Babajide Sanwo-olu; the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; the Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama; and the President, Capital Market Academics of Nigeria, Professor Uche Uwaleke.Posthumous awards were also conferred on the trio of the late Chief Akintola Williams, Nigeria’s first Chartered Accountant; the late Chief Subomi Balogun, pioneer banker; and the late Florence Seriki, a pioneering female tech entrepreneur.The event featured 25 award categories and brought together key players from across the financial services sector to celebrate excellence, resilience, and leadership that are shaping the future of Nigeria’s capital market.Foreign News
Poland Bans Smartphones in Primary Schools
Poland plans to ban mobile phones in all primary schools from next academic year under draft legislation approved by the government on Tuesday.
The proposal, which will now be submitted to parliament, would take effect on September 1, 2026.
In Poland, primary school education runs through the eighth grade.
The planned law would prohibit the use of mobile phones and other devices capable of recording audio or video during lessons and breaks.
The ban would apply to both public and private schools, the Education Ministry said.
Exceptions would be permitted when the use of a phone is required for teaching purposes, educational support, or for health and safety reasons.
Education Minister Barbara Nowacka said the measure is a response to calls from teachers for stricter rules on smartphone use in schools.
She said that more than half of Poland’s schools have already introduced similar restrictions on a voluntary basis.
The government also approved a package of measures aimed at strengthening child protection online, which must likewise be approved by parliament.
The proposals include tighter restrictions on minors’ access to websites containing pornography and measures designed to speed up the removal of illegal online material.
Under the plans, operators of adult-content websites would be required to verify users’ ages anonymously, without collecting browser data or personal information.
NEWS
Reps Minority Picks Ugochinyere as New Leader
By Ubong Ukpong, Abuja
Following the defection of the former minority Leader of the House of Representatives, Kingsley Chinda, the minority caucus has nominated Hon. Ikenga Imo Ugochinyere as their new Leader.
Sixty one out of the 81 minority members of the House on Wednesday, Select Hon.
Ugochinyere as Reps Minority Leader Designate, awaiting the Speaker’s announcement of the Opposition’s Decision.From the documents sighted by our reporter, majority of the lawmakers of the minority parties cutting across the entire minority bloc, namely ADC, NDC, APP, PRP, LP, APGA, APM, ACCORD and SDP, and across tribal, religious and zonal political lines voluntarily settled for Ikenga as their preferred choice.
From available information, the lawmakers today submitted the official nomination of the new Minority Leader designate, Ikenga, to the Speaker in line with the tradition of the parliament, which is stated clearly under the new Rule Book of the House of Representatives, Order 7, Rule 7, which provides that members shall elect among themselves the Minority Leader to lead them.The lawmakers, who spoke anonymously, expressed confidence that the Speaker of the parliament, as an unbiased leader, will swiftly make the announcement so that the minority can have its leadership in the next few days, and the parliament can be fully constituted with the minority fully represented. The lawmakers said they have also settled for nominees to fill the vacant positions of Minority Whip and Deputy Minority Leader, with one of the positions already taken by an NDC member from the North West. After ongoing harmonisation, the remaining list will be sent to the Speaker within the next few days for announcement.
The lawmakers said they settled for Ikenga because of his excellent legislative record, three years out of his four-year term, during which he sponsored and moved over 40 bills, motions and petitions, in addition to his four years as Senior Adviser to the Senate President, all of which have established him as a qualified candidate for the job. They said that the power to choose rests with the majority of the minority members, and that power has now been exercised, adding that any sentimental arguments will not change the decision of the minority lawmakers, who have overwhelmingly settled for one of their own.
They noted that, in the past, Sen. Akpabio was elected Senate Minority Leader after only three weeks in parliament, and that many others have been elected to top parliamentary positions with fewer years of experience. They added that even when the PDP zoned the speakership to the South West for Mulikat, the lawmakers elected Tambuwal and Ihedioha; when the APC zoned the Senate Presidency to the North East, the senators elected Sen. Saraki and Ekweremadu; and Dogara was elected after the position had been tipped for the South West. Parliament, they stressed, is rooted in the principle of majority decision and not sentiment. The lawmakers said their choice of Ikenga, with three years of legislative experience for a four-year job, is more than enough.
NEWS
Kano Revokes Private School Licences over Sexual Abuse
From Aliyu Askira, Kano
The Ungogo Local Government Area of Kano State has withdrawn the licences of all private schools within its jurisdiction following allegations that a teacher sexually abused four female pupils.
The decision was announced by the Education Councillor, Abdullahi Wakili, who said it followed a review meeting aimed at strengthening school oversight and addressing safety and moral concerns in the area.
Wakili explained that the council chairman, Tijjani Amiru Bilyaminu, has directed all private school proprietors to appear before a screening committee for fresh assessment before they can resume operations.
The action comes after the closure of Al-Hadeed Private School in the Inusawa area of Ungogo, where a teacher popularly known as Uncle Kamal was accused of abusing four underage pupils reportedly from the same family.
The suspect has been arraigned before a magistrate court in the Nomansland area of Kano on rape charges. The court ordered that he be remanded in custody and adjourned the case to June 9, 2026.
Authorities said the sweeping measure is intended to restore public confidence in private schools and ensure the safety of children across the local government.
“Our schools must be safe havens, not places of fear,” Wakili stated.


