CBN Reverses Ban On Cryptocurrency Transactions In Banks
The Central Bank of Nigeria (CBN) has reconsidered its stance on the ban on cryptocurrency transactions in the country. In a circular dated December 22, 2023, with reference number FPR/DIR/PUB/CIR/002/003, and signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, the CBN instructed banks to disregard its earlier ban on crypto transactions. The […]
FG Declares Christmas, New Year Public Holidays
The Federal Government has designated December 25th and 26th as public holidays for the Christmas and Boxing Day celebrations, along with Monday, January 1st, 2024, for New Year’s Day festivities. In a statement, Peter Egbodo, the Director Overseeing the Office of the Permanent Secretary at the Ministry of Interior, conveyed the declaration on behalf of […]
Special Investigator Alleges Emefiele Opened 593 Foreign Accounts Without Approval
A Special Investigator appointed by President Bola Tinubu has reportedly accused former CBN Governor Godwin Emefiele of opening 593 foreign bank accounts without approval from President Muhammadu Buhari or the CBN’s board of directors. Documents obtained by Daily Trust revealed that these accounts are held in different banks in the United Kingdom (UK), United States […]
Gaza Facing Famine If Fighting Continues, UN Says
The United Nations says Gaza is at risk of famine if the war between Israel and Hamas continues. A quarter of households – roughly 500,000 people – are facing “catastrophic conditions”, a UN food security agency found. It says the territory’s entire population of roughly 2.2m people is suffering acute food shortages. “No-one in Gaza […]
Alex Batty Interview: Teen Tells The Sun He Lied About Escape To Protect Mum
British teenager Alex Batty has revealed he lied about the details of his escape to protect his mother and grandfather from police. In an interview with The Sun, he said he fabricated a story about a four-day journey, hoping it would stop officers from tracking them down. The teenager was found walking in France six years […]
CBN Issues Warning To Banks, PoS On Collusion
Amid ongoing cash scarcity caused by the redesign of three naira notes, the Central Bank of Nigeria (CBN) has cautioned against collusion between Deposit Money Banks (DMBs) and Point-Of-Sale (PoS) operators. The CBN expressed concern that such collusion is impacting cash availability and hindering the smooth circulation of the naira. In a statement, on Thursday […]
Senate Approves Appointment Of 11 Supreme Court Justices
The Senate has given its confirmation for the appointment of 11 Supreme Court justices nominated by President Bola Ahmed Tinubu to fill vacancies on the apex court bench. This confirmation followed the consideration and adoption of a report by the Senate Committee on Judiciary, Human Rights, and Legal Matters during Thursday’s plenary. President Tinubu sought […]
NRC Yet To Recover From Previous Govt’s Transport Fare Waivers – MD
The Nigerian Railway Corporation (NRC) reveals that the organization is still grappling with the repercussions of previous government transportation fare waivers. Despite the recent announcement of a 50% waiver on road transport and a 100% fare reduction for rail travel to alleviate the country’s high cost of living, especially during Yuletide, the Managing Director of […]
Tinubu Revives School Feeding Programme To Address Learning Crisis
President Bola Ahmed Tinubu has instructed the reinstatement of the school feeding programme to tackle the issues surrounding out-of-school children. The program, which was suspended during Ex-President Muhammadu Buhari’s administration, has been restored by Tinubu as a measure to address the learning crisis. Tinubu emphasized that tackling the learning crisis is crucial for addressing the […]
Port Harcourt Refinery Resumes Operations After Years Of Shutdown
The Port Harcourt Refining Company in Rivers State is back in operation, aligning with the Federal Government’s commitment to producing refined products at the facility by December 2023. After years of underperformance and maintenance, this development marks a significant turnaround for the refinery. Four of Nigeria’s refineries, including those in Port Harcourt, Warri, and Kaduna, […]
