CBN has announced a fine of N150 million on banks found facilitating illicit flow of mint naira notes. Solaja Olayemi, the acting director of currency operations department, CBN expressed concern over the illicit flow of mint banknotes to currency hawkers and unscrupulous economic agents. This, according to the regulator, impedes the efficient and effective cash…
The Special Assistant to politician and former vice president, Atiku Abubakar on Public Communication, Phrank Shaibu has advised Vice President Kashim Shettima and those criticisng the United Kingdom’s Conservative Party leader, Kemi Badenoch, to focus on something more useful with their time. Shaibu’s response comes after Shettima at the 10th Annual Migration Dialogue at the…
Manchester United boss Ruben Amorim insists he never had any contact with the Manchester City hierarchy, having previously been touted as a successor to Pep Guardiola. Amorim replaced Erik ten Hag as United boss last month after an impressive four-year spell in charge of Portuguese side Sporting CP. United go toe-to-toe with City on…
The Central Bank of Nigeria (CBN) has reiterated that all versions of the naira, including both the old and new designs of the ₦1,000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 note, remain valid and legal tender indefinitely. In a statement signed by its Acting Director of…
The Chairman and CEO of Air Peace, Allen Onyema, met with President Bola Tinubu at the State House in Abuja on Thursday to discuss advancements under the Renewed Hope Agenda in Nigeria’s aviation sector. In a statement shared on Friday, Onyema lauded the President for policies designed to stabilize business operations nationwide, particularly within aviation….
The Federal High Court in Abuja has granted bail to the immediate past Governor of Kogi State, Yahaya Bello to the tune of ₦500 million. Justice Emeka Nwite who presided over the court session on Friday ordered that the former governor must produce two sureties in like sum. He said the two sureties must swear…
The immediate past Governor of Kogi State, Yahaya Bello, has pleaded not guilty to the alleged N80 billion fraud levelled against him by the Economic and Financial Crimes Commission EFCC had arraigned Bello before Justice Emeka Nwite of the Federal High Court Abuja on a 19-count charge, bordering on alleged money laundering. At the resumed…
Emzor Pharmaceutical Industries Limited has unveiled its plan to establish a N1bn foundation with the motive to frontally combat the menace of drug abuse among the youths and society at large. The pharmaceutical company made this known during a recent annual Thanksgiving and 40th Anniversary Dinner held in Lagos. Founder/Group Managing Director of the company,…
Nyesom Wike, minister of the federal capital territory (FCT), says no amount of blackmail will stop the demolition of illegal buildings in the nation’s capital. Wike said the structures being demolished by the Federal Capital Development Authority (FCDA) are properties illegally built on government lands. “Let me use this opportunity to tell Nigerians and residents…
The Nigerian Senate has asked the Minister of Federal Capital Territory, Nyesom Wike, to suspend the ongoing demolition of structures in Abuja, except those authorized by the court. This decision was made after a motion was raised by Senator Ireti Kingibe, who expressed concerns that the demolitions were not in line with court processes and…
