CBN Warns Banks Against Rejecting Dirty and Mutilated Naira Notes
The Central Bank of Nigeria (CBN) has warned banks sternly, advising them against rejecting dirty and mutilated Naira notes. The CBN emphasized that any bank found guilty of such actions will face sanctions. In a circular dated June 28, 2024, signed by Mr. Solaja Mohammed, Acting Director of the Currency Operations Department, and published on […]
President Tinubu Approves Construction of Judicial Housing in FCT – Wike
Federal Capital Territory (FCT) Minister Nyesom Wike announced that President Bola Tinubu has given approval for the construction of 40 houses dedicated to justices from the Court of Appeal, Federal High Court, and FCT High Courts. The announcement came during the groundbreaking ceremony for the Abuja division of the Court of Appeal’s new court complex […]
Governor Alex Otti Unveils New Multi-Purpose Hospital in Abia State
Governor Alex Otti has officially commissioned a multi-purpose hospital in Obeaja, Ugwunagbo LGA of Abia State, developed under the Sustainable Development Goals (SDGs) initiative by the Federal Government. This hospital, equipped with 100 beds, was initiated during the administration of former President Muhammadu Buhari and completed under the current administration of President Bola Tinubu. During […]
IGP Unveils New Gender Policy at IAWP Africa Conference in Abuja
Inspector-General of Police, Kayode Egbetokun, has introduced the new Force Gender Policy at the International Association of Women Police (IAWP) Africa Region training conference currently taking place in Abuja. The IGP highlighted that the new policy aims to ensure gender sensitivity and inclusivity within the Nigeria Police Force (NPF). IGP Egbetokun emphasized the commitment of […]
China Seizes Taiwanese Fishing Boat, Escalating Tensions in Contested Waters
China has announced the seizure of a Taiwanese fishing boat with five crew members aboard for allegedly fishing illegally in its territorial waters on Tuesday night. Taiwan has requested the release of the vessel and the men, which include two Taiwanese and three Indonesians, currently held at Weitou, a port in southeast China. Taiwanese officials […]
Judge Delays Trump Sentencing as Lawyers Challenge Conviction Citing Supreme Court Ruling
A New York judge has postponed Donald Trump’s sentencing until September as his lawyers seek to challenge his conviction following a recent Supreme Court ruling. Originally, Trump was set to be sentenced on July 11. Trump’s legal team requested the overturning of his conviction in a hush-money case after the Supreme Court ruled on Monday […]
Hurricane Beryl Leaves Union Island Devastated: Residents Describe Widespread Destruction and Homelessness
After surviving the night as Hurricane Beryl ravaged Union Island with ferocious force, Katrina Coy was stunned by the devastation she witnessed. “Union Island is in a terrible state after Beryl passed. Literally, almost the whole island is homeless,” Coy said in a video message. She described how nearly every building on the island, part […]
SEC Chief Agama Advocates Innovation to Transform Nigerian Capital Market
Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), emphasizes that innovative financial instruments can unlock opportunities, drive growth, and address socio-economic challenges. In an interview, Agama highlighted the importance of revolutionizing the Nigerian capital market through innovative investment mechanisms to achieve sustainable development. “From green bonds to social impact investing, derivatives to […]
APC’s Ayinde Urges Tinubu to Address Economic Crisis, Citing Kenya Protests
Oluyemisi Ayinde, a member of the All Progressives Congress (APC) in Lagos state, has urged President Bola Tinubu to take swift action to alleviate Nigeria’s economic hardships to avoid protests similar to those in Kenya. Kenyan protests erupted following a parliamentary move to raise taxes, leading to loss of lives and property destruction, despite President […]
Dangote Warns High Interest Rates Threaten Nigeria’s Economic Growth
Aliko Dangote, president of the Dangote Group, has raised concerns that the Central Bank of Nigeria’s (CBN) decision to increase interest rates to nearly 30 percent will stifle economic growth. Speaking on Tuesday at a three-day summit organized by the Manufacturers Association of Nigeria (MAN) in Abuja, Dangote highlighted the country’s struggle with “a very […]
