The apex bank said oil firms can now spend 50% balance of the repatriated export proceeds on financial obligations.The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country. In a circular dated May 6, 2024 signed by the Director, Trade…
The Nigerian First Lady, Senator Oluremi Tinubu, inaugurated her Renewed Hope Initiative Women Agricultural Support Programme in the South-South geopolitical zone of the country on Tuesday, May 7. Inaugurating the scheme at the Government Banquet Hall, Uyo, Akwa Ibom State, Mrs Tinubu explained that the programme, which has been held in other geopolitical zones in…
Adamu said, ” It would soon be history in the country that online platforms that many people know as loan sharks, where some Nigerians access money quickly to solve urgent issues.”However, if they don’t pay back on time, some of these loan companies send unpleasant messages with their picture to all their contacts.This harassment has…
The Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is advocating for a new cryptocurrency measure that aims to remove the naira as a currency pair from cryptocurrency peer-to-peer platforms. During a virtual meeting with the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), he stressed the need to clean up…
The First Lady Oluremi Tinubu on Monday hosted 2nd Lieutenant Princess Oluchukwu Owowoh, First Nigerian Female Graduate of the UK’s Royal Military Academy, Sandhurst (RMAS). The 24-year-old Owowoh was one of the 135 officer cadets to graduate during RMAS’ sovereign’s parade in London on April 12. According to a statement by the Nigerian Army, Senator…
Professor Augustine Angba, Vice-Chancellor of the University of Cross River State (UNICROSS), has been suspended by the university’s governing council over allegations of gross misconduct. The decision was taken at the Governing Council meeting on Monday, May 6, 2024, which voted to relieve Angba of his duties with immediate effect. The Council has appointed Professor…
The Nigerian Meteorological Agency (NiMet) has predicted sunshine and haziness from Monday to Wednesday across the country. NiMet’s weather outlook released on Sunday in Abuja forecasts sunny and hazy conditions on Monday over parts of Yobe, Jigawa, Kano and Katsina states throughout the forecast period with chances of morning thunderstorms over parts of Taraba state….
Mr. Khan defeated a right-wing rival who focused on crime and cars, his victory another ominous sign for Britain’s ruling Conservatives ahead of a general election.Sadiq Khan, the two-term center-left mayor of London, on Saturday became the first three-time winner of the job by a comfortable margin delivering a new setback to Britain’s governing Conservative…
The Ikeja Electricity Distribution Company has announced a reduction in the tariff for customers under Band A classification from N225 per kilowatt-hour to N206.80kw/hThis is coming about a month after the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A category to N225 per kwh — from…
Contrary to claims by building occupants of demolished buildings in Mende Maryland, Lagos that they were just given 2 hours to vacate Here is the fact, the structures in Mende, Maryland, Lagos has marked for demolition or been slated for removal since 2022. In September 2022, news outlets, including TrustTv News and Channels Television, reported…
