CBN Announces Plan To Freeze Bank Accounts Without BVN, NIN From April 2024
The Central Bank of Nigeria (CBN) has announced its intention to freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) starting April 2024. In a circular issued on Friday, the apex bank directed banks to implement a “Post no Debit” restriction on all existing Tier-1 accounts/wallets without BVN or NIN. This […]
EFCC Drops Money Laundering Charge Against Shasore
The Economic and Financial Crimes Commission (EFCC) has withdrawn the money laundering charge against former Lagos State Attorney-General Olasupo Shasore. Shasore and his company, Middlesex Investments Ltd, faced a 14-count charge of money laundering before Justice Inyang Ekwo in November 2022. During the recent proceedings, EFCC counsel Bala Sanga informed the judge that the Attorney-General […]
Nigeria, Germany Ink Agreement To Expedite Siemens Power Project
Nigeria and Germany have officially signed the Presidential Power Initiative agreement, aiming to enhance electricity supply in Africa’s most populous nation. President Bola Tinubu and German Chancellor Olaf Scholz presided over the signing ceremony in Dubai, United Arab Emirates. Kenny Anuwe, Managing Director of the Federal Government of Nigeria Power Company, signed on behalf of […]
FG Urged To Expand Tax Waiver Probe To Include Tobacco Firms
The Corporate Accountability and Public Participation Africa (CAPPA) has called on the Federal Government to broaden the scope of the planned investigation into tax waivers and grants that were arguably unfairly awarded to corporations by previous administrations. CAPPA specifically urges the inclusion of the Export Expansion Grant (EEG) awarded to tobacco companies in this scrutiny. […]
Endgame: Royal Race Row Naming Not Publicity Stunt, Says Author Omid Scobie
An author whose book triggered a row over allegations of racism within the Royal Family has said the naming of two people in one edition was not a deliberate publicity stunt. Omid Scobie said he did not know how a Dutch translation of Endgame came to include the names of King Charles and Catherine, Princess […]
Warplanes Hit Targets In Gaza As Israel Resumes Offensive, Warning Of Attacks To Come In South
Israeli fighter jets hit targets in the Gaza Strip minutes after a weeklong truce expired on Friday, as the war with Hamas resumed in full force. Black smoke billowed from the besieged territory and Israel dropped leaflets over parts of southern Gaza urging people to leave their homes, suggesting it was preparing to widen its […]
George Santos’ last Stand Looms In House Expulsion Vote
The US House of Representatives will vote on Friday on whether to expel New York Republican George Santos after a damning ethics report, fraud charges and an alleged farrago of lies. The Republican-led body failed in two previous roll calls to oust Mr Santos. But the embattled congressman has conceded it may well be third […]
FG Announces Implementation Date For New Minimum Wage
The Federal Government of Nigeria has disclosed that a new minimum wage will be enforced from April 1, 2024. This revelation came from the Minister of Information and National Orientation, Idris Mohammed, in an interview with PUNCH in Abuja. Scheduled to replace the expiring N30,000 minimum wage at the end of March 2024, the government […]
Ogun Governor Directs Security Agencies To Uncover Assailants Of Slain Accountant
The Governor of Ogun State, Dapo Abiodun, has instructed security agencies to apprehend those responsible for the killing of Taiwo Oyekanmi, the late Director of Finance and Accounts in the Office of the Governor, who was attacked by gunmen in Abeokuta. Recall Oyekanmi had collected money from a Fidelity Bank branch in Abeokuta and […]
2024 Budget: National Assembly May Approve N27.5trn Budget By December 19
Strong signals suggest that the National Assembly (NASS) may endorse the N27.5 trillion 2024 Appropriation Bill on December 19, 2023. At the Senate yesterday, the bill was given speedy consideration as its submission to the legislature by President Bola Ahmed Tinubu on Wednesday was considered the first reading. The Senate promptly engaged in the debate […]
