Nigeria News (Standard)
OneDosh CEO Jackson Ukuevo Secures Additional $1m Pre-Seed Funding, Hits $4m Total for Fintech Expansion
Lagos-based firm to boost engineering and compliance as user base surpasses 200,000 across 29 European countries
Lagos-based firm to boost engineering and compliance as user base surpasses 200,000 across 29 European countries
OneDosh, a Lagos-headquartered fintech company, has announced the successful closure of an additional $1 million pre-seed investment, raising its total pre-seed funding to $4 million. The announcement was made on Sunday by Jackson Ukuevo, Co-Founder and Chief Executive Officer of OneDosh, as the company continues its drive to build financial infrastructure for seamless global money movement.
The latest funding round follows a period of significant growth for OneDosh, which has expanded its services into 29 countries across Europe and surpassed the milestone of 200,000 registered users. The company also recently launched a new integration enabling United States-based users to fund their OneDosh wallets via Cash App and send money globally in real time.
Ukuevo stated that the company’s focus remains on removing barriers in cross-border transactions and increasing access to financial services. “We are not raising capital to celebrate a valuation or a funding round. We are raising capital to build—to create infrastructure that removes friction from the global economy and gives people access to financial services regardless of where they live,” Ukuevo said in a statement issued on Sunday.
The additional funds will be channelled towards accelerating product development, expanding engineering and compliance teams, strengthening international partnerships, and supporting further global expansion. Ukuevo emphasised that the next generation of financial infrastructure will be defined by access rather than by national boundaries or banking systems. “The opportunity ahead is enormous, and we are still at the beginning,” he added.
With its unified platform providing payments, wallets, banking services, cards, stablecoins and global money transfer solutions, OneDosh is targeting to double its user base to over 400,000 within two months as adoption grows across different markets. The company reiterated its long-term vision of building a financial operating system that enables both individuals and businesses to participate seamlessly in the global economy.
Nigeria News (Standard)
Federal Government Arraigns Five in Abuja Over Alleged Arms Smuggling to Boko Haram
Suspects charged with terrorism and attempted illegal arms supply as authorities intensify clampdown on insurgency financing
Suspects charged with terrorism and attempted illegal arms supply as authorities intensify clampdown on insurgency financing
The federal government on Thursday arraigned five men before a court in Abuja, accusing them of terrorism and attempting to supply smuggled weapons to Boko Haram. The arraignment marks a significant step in ongoing efforts by Nigerian authorities to disrupt the logistics and funding networks supporting armed insurgent groups operating mainly in the North-East.
According to the charges, the suspects were accused of conspiring to provide arms unlawfully, with the intent of aiding Boko Haram’s violent campaign against the state. The prosecution presented details of alleged attempts by the accused persons to facilitate illegal shipments, which were intercepted following joint operations by security agencies.
The case underscores Nigeria’s continued struggle with insecurity linked to terrorist groups like Boko Haram, which has carried out attacks across Borno, Yobe, and Adamawa states for more than a decade. Security analysts say that disrupting arms supply chains is critical to reducing the operational capacity of such groups and safeguarding communities in affected regions.
A government representative at the court proceedings stated that authorities remain committed to pursuing all those involved in terrorism financing and logistics. “These charges demonstrate our resolve to ensure that anyone who aids or abets terrorist activities faces the full weight of the law,” he said. There was no immediate response from defence counsel representing the accused men at Thursday’s hearing.
The arraignment comes as security agencies have ramped up investigations into suspected collaborators across various states. The case has been adjourned for further hearing, with officials indicating that more arrests could follow as part of broader counter-insurgency operations.
Nigeria News (Standard)
Mexico Defeats Nine-Man South Africa 1–0 as Jiménez Scores in FIFA World Cup Clash
South Africa reduced to nine players after two red cards; Mexico secures narrow win to advance in group stage
South Africa reduced to nine players after two red cards; Mexico secures narrow win to advance in group stage
Mexico claimed a hard-fought 1–0 victory against South Africa in a dramatic FIFA World Cup match on Thursday, with striker Raúl Jiménez netting the decisive goal. The encounter, played at an international venue, saw the South African side finish with only nine players after two were sent off during the tense contest.
The match began with both teams searching for early opportunities, but momentum shifted after South Africa received their first red card midway through the first half. Despite being a man down, South Africa held firm until a second dismissal further weakened their defence. Mexico capitalised on their numerical advantage when Jiménez found the back of the net, putting his team ahead and ultimately sealing all three points.
This result has significant implications for both sides in the group standings. For Mexico, the win strengthens their bid to progress to the next round of the tournament, while South Africa now faces an uphill task to qualify after suffering defeat and losing key players to suspension. Nigerian football fans will be watching closely as these developments could shape potential opponents for the Super Eagles if they advance from their own group.
No official comments had been issued by either team’s coach as at press time. Football analysts have noted that discipline and player management will be crucial for teams hoping to go far in this year’s competition. Meanwhile, organisers are expected to review disciplinary actions following incidents of indiscipline on the pitch.
Both teams will return to action in their subsequent fixtures, with South Africa needing a win to revive their hopes and Mexico seeking another positive result to confirm qualification.
Nigeria News (Standard)
CBN to Revise Guidelines for Financial Holding Companies in Abuja
Central Bank moves to update regulatory framework, aiming to strengthen oversight of Nigeria’s financial conglomerates
Central Bank moves to update regulatory framework, aiming to strengthen oversight of Nigeria’s financial conglomerates
The Central Bank of Nigeria (CBN) has announced plans to review the rules governing financial holding companies, signalling a fresh move to strengthen oversight of the country’s financial sector. The development was made public in Abuja on Thursday, 11 June 2026, as part of ongoing efforts by the apex bank to align regulations with evolving industry realities.
According to the CBN, the review will focus on updating existing guidelines that oversee how financial holding companies operate within Nigeria’s banking ecosystem. These companies typically control multiple subsidiaries across banking, insurance, asset management and other financial services. The new rules are expected to address operational risks and ensure that holding structures do not undermine the stability of individual subsidiaries or the wider financial system.
The move comes amid growing concerns over compliance gaps and risk management practices among some holding companies. In recent years, stakeholders have called for clearer boundaries and stricter supervisory mechanisms to prevent abuses such as regulatory arbitrage or concentration of risk. The CBN’s planned revision is seen as an attempt to address these issues before they escalate.
While specific details of the proposed changes have not yet been disclosed, industry experts expect tighter reporting requirements and improved corporate governance standards. The apex bank said it will engage with relevant stakeholders—including commercial banks and non-bank subsidiaries—before finalising the revised framework.
The CBN is expected to release a draft guideline for public input in the coming weeks. Observers say the updated rules could have significant implications for conglomerates operating under holding structures, as well as for investors seeking clarity on sector stability.
Chiamaka Nnadozie Eager to Guide Zadok Yohanna After Nigerian Teen’s Brighton Move
Galatasaray Turn Down €120m Osimhen Bid as Atletico Madrid and Europe’s Elite Circle Nigerian Star
Kayinsola Ajayi Hunts History as He Reaches NCAA 100m Final After Ninth Sub-10 Run
Iwobi Hits 100th Cap but Super Eagles Lose 2–1 to Portugal as Chelle’s Unbeaten Streak Ends in Leiria
No More Doubts: Hearn Says Anthony Joshua vs Tyson Fury Will Hold in UK, Not US
Taiwo ‘Esepo’ Agbaje Signs Landmark Deal With Balmoral Promotions, Eyes World Title Dream
Federal Government Arraigns Five in Abuja Over Alleged Arms Smuggling to Boko Haram
Mexico Defeats Nine-Man South Africa 1–0 as Jiménez Scores in FIFA World Cup Clash
Barcelona Make Bold Move to Host Champions League Final — What It Means for European Football
CBN to Revise Guidelines for Financial Holding Companies in Abuja
Moniepoint Graduates Second DreamDevs Cohort in Lagos to Strengthen Nigeria’s Engineering Workforce
FG Launches $500m Abuja Formula 1 Bid, Targets Africa’s First Grand Prix Since 1993
Why More Nigerians Are Searching for Casino Bonuses—and What You Should Know Before Claiming
Gọvanmenti Nigeria Kwupụtara 53 Orù Anyanwụ Maka Ike Ọhụrụ N’iru Afọ 2050
Fresh Romance Rumours Trail Lando Norris as Alix Earle Sparks Drama in Monaco
Ụlọ Ọrụ Nigeria Kwupụtara Nsogbu Nchekwa na Ụtụ Isi N’agbanyeghị Ịrị Elu Obi Ike Ahịa
House of Representatives Sets Thursday Vote on State Police Proposal
Somali Referee Omar Artan Blocked From US World Cup Over Visa Row, Misses Dream Debut
Chelsea Set for Blockbuster FA Cup Fifth Round as Manchester City Await at Stamford Bridge
