CBN Allegedly Bars Online Microfinance Banks Amidst Cryptocurrency Manipulation Allegations
The Central Bank of Nigeria (CBN) has reportedly imposed restrictions on several online microfinance banks, prohibiting them from opening new accounts and onboarding new customers. Notable among the affected microfinance banks are Moniepoint, PalmPay, Opay, PiggyVest, and Kuda. Sources familiar with the matter revealed to Peoples Gazette on Monday that the CBN’s decision stems from […]
Oba of Benin Penalizes Palace Functionaries for Misrepresentation at Royal Event
The Oba of Benin, His Royal Majesty, Oba Ewuare II, has imposed significant penalties on six palace functionaries following an incident involving misrepresentation at a royal event involving the Ooni of Ife. The sanctions, confirmed by a statement from the Chief Press Secretary to the Oba, Osaigbovo Iguobaro. The six individuals—Johnbull Igbinosun, Iduhonre Ihogbe, S.E. […]
VGC Chairman, Gihan Mbelu Found Dead in His Car in Lagos
Tragedy struck in Lagos State as Gihan Mbelu, the Chairman of Victoria Garden City (VGC) located in the Lekki-Ajah area, was reportedly discovered dead in his car on Friday, April 26, 2024. The Lagos State Police Command confirmed the incident, stating that it was reported by the General Manager of the Victoria Garden City Estate. […]
Scotland’s First Minister Humza Yousaf Considers Resignation
Humza Yousaf is contemplating stepping down from his role as Scotland’s first minister to avoid facing two confidence votes, according to sources familiar with the situation. A close associate of Mr Yousaf revealed that resignation is being considered as an option, though a final verdict has yet to be reached. “The countdown has been steadily […]
Spain: Pedro Sánchez Denounces Allegations, Vows to Stay as Prime Minister
Spanish Prime Minister Pedro Sánchez has confirmed his intention to remain in office, ending five days of uncertainty surrounding his leadership. Last week, Mr Sánchez suspended all official engagements after a court initiated a preliminary investigation into his wife over corruption allegations. He denounced the accusations as a smear campaign orchestrated by conservative media outlets. […]
Palestinian President Calls on US to Stop Israel’s Military Operation in Rafah
Palestinian President Mahmoud Abbas has emphasized that the United States holds the key to preventing Israel from launching attacks on Rafah, a southern Gaza city where more than a million people are seeking refuge. Mr. Abbas, who governs parts of the occupied West Bank, expressed concerns that any assault on Rafah could trigger mass displacement […]
PDP Sweeps Chairmanship Positions in Oyo State Council Election Amidst Controversy
The Peoples Democratic Party (PDP) emerged victorious in all 33 Local Government Areas (LGAs) of Oyo State during Saturday’s council election, as announced by the Oyo State Independent Electoral Commission (OYSIEC) amidst allegations of irregularities. The results, unveiled on Sunday at the Conference Hall of the OYSIEC in Agodi, Ibadan, have sparked controversy over the […]
VP Shettima Represents Nigeria at IDA Summit in Nairobi
Vice President Kashim Shettima jets off to Nairobi, the capital of Kenya, late on Sunday, to partake in the International Development Association (IDA) Heads of State Summit slated for Monday. Acting as the representative of President Bola Tinubu, VP Shettima’s presence underscores Nigeria’s commitment to global development initiatives. The departure was announced in an official […]
Notorious Drug Kingpins Sentenced to Life Imprisonment – NDLEA
The National Drug Law Enforcement Agency (NDLEA) has secured life imprisonment sentences for two notorious drug kingpins, Uwaezuoke Ikenna Christian and Agbo Chidike Prince, following their arrests and subsequent prosecution. The agency disclosed this in a statement signed by NDLEA spokesperson Femi Babafemi, revealing the culmination of extensive legal proceedings against the individuals involved in […]
Tinubu Secures $600m Investment for Nigerian Port Infrastructure Expansion
President Bola Tinubu has clinched a landmark $600 million investment deal with Danish shipping and logistics giant A.P Moller-Maersk, aimed at bolstering Nigeria’s port infrastructure to accommodate larger container shipping services. The presidency announced this groundbreaking development on Sunday, heralding a significant stride towards enhancing the nation’s maritime capabilities. The agreement was unveiled during a […]
