Federal Government Declares May 1, 2024, as Public Holiday for Workers’ Day Celebration” In a statement released on Tuesday, April 30th, in Abuja by Dr. Aishetu Gogo Ndayako, representing Minister Dr. Olubunmi Tunji-Ojo, the Federal Government officially announced May 1, 2024, as a public holiday in honor of this year’s Workers’ Day celebration. Dr. Tunji-Ojo…
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In continuation of its crackdown on forex racketeers, the Economic and Financial Crimes Commission has pencilled for investigation, 1,146 bank accounts belonging to individuals and companies over alleged money laundering, unauthorised dealing in foreign exchange and illegal naira manipulation. The commission secured an interim order granted by Justice Emeka Nwite of the Federal High Court,…
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Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the Bank Customers Association of Nigeria backed the CBN directive. The new directive will affect fintech companies such as OPay, Palmpay, Kuda Bank, and Moniepoint, from opening new accounts until further…
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The President of the All Farmers Association of Nigeria (AFAN), Kabir Ibrahim, has revealed that imported rice from India costs $58 per bag upon arrival in Nigeria. In a recent interview with The PUNCH in Lagos, Ibrahim explained that the high exchange rate in Nigeria makes locally produced rice more affordable compared to imported varieties.…
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“Naira Hits One-Month Low of N1,300/USD as Dollar Liquidity Dips: Banking Sources The naira continued its downward trend for the third consecutive day at the official market (NAFEM), reaching a one-month low of N1,300 per US dollar, as reported by FMDQ Securities Exchange. According to banking sources cited by BusinessDay, the decline in dollar liquidity…
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“Government Announces July 2024 Sale of DisCos Managed by Banks and AMCON: Power Minister Reveals Plan The Federal Government has unveiled its intention to auction off the five electricity Distribution Companies (DisCos) currently under the management of select banks and Asset Management Company of Nigeria (AMCON). Set for implementation by July 2024, this decision aims…
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“Federal High Court Orders Substituted Service of N80 Billion Fraud Charges on Yahaya Bello via Legal Representative, Abdulwahab Mohammed In a recent ruling, Justice Emeka Nwite of the Federal High Court in Abuja mandated that the allegations of N80 billion fraud leveled against former Kogi State Governor, Yahaya Adoza Bello, by the Federal Government, should…
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Ngozi and Titilola Adeleke, the wives of Osun State Governor Ademola Adeleke, have stirred confusion in the state as they vie for the position of First Lady. Ahead of the visit of Remi Tinubu, the designated First Lady, to Osun State for the groundbreaking ceremony of the Alternative High School for Girls at Oke D.O,…
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The Federal Government is anticipating a $2.2 billion single-digit interest loan from the World Bank, along with additional budgetary support from the African Development Bank (AfDB). Wale Edun, the Minister of Finance, revealed this during a press briefing at the conclusion of Nigeria’s engagements at the World Bank/IMF Spring Meetings in Washington DC, United States,…
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Title: “Nigerian Army Condemns Alleged Involvement of Personnel in Theft at Dangote Refinery” Meta Description: The Nigerian Army expresses concern over the reported involvement of two personnel in a theft case at Dangote Refinery in Lagos. Director of Army Public Relations, Onyema Nwachukwu, issues a statement denouncing the incident and emphasizing its inconsistency with army…
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Title: “Bobrisky Transferred to Kirikiri Prison by NCS Amid Naira Abuse Conviction” Meta Description: The Nigerian Correctional Service (NCS) relocates crossdresser Bobrisky from Ikoyi to Kirikiri Prison following a six-month sentence for Naira abuse. Get details from a reliable NCS source, explaining the procedural move and security measures taken for Bobrisky’s incarceration.
Air Peace Chairman Grants Pelumi Nubi a Complimentary Business Class Ticket to London” Air Peace Chairman Dr. Allen Onyema extends generosity to Pelumi Nubi, who embarked on a remarkable solo drive from London to Lagos, by offering her a complimentary Business Class return ticket to London. Discover the heartwarming gesture and its impact on Nubi’s…
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Title: “Billionaire E Money Steps In to Raise Late Jr Pope’s 3 Children: A Heartfelt Commitment” Meta Description: In a touching gesture, billionaire mogul E Money pledges to honor a vow made by the late Jr Pope, taking on the responsibility to raise his three children. Explore the heartwarming commitment and the embrace of the…
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Title: “Nigerian Singer Khaid Reportedly Hospitalized for Internal Bleeding” Meta Description: Sulaimon Shekoni Solomon, popularly known as Khaid, is allegedly hospitalized for internal bleeding. Viral clips show the 19-year-old singer on a hospital bed. Get the latest updates on his health condition as his management is yet to release an official statement.
Title: “EFCC Takes Alaba Alakija and Daughter-in-Law to Court Over Lagos Property Dispute” Meta Description: The EFCC arraigns Alaba Alakija and Oyinkansola Alakija in court over alleged forgery related to a Lagos property dispute involving the late businessman Adeyemo Alakija. Get the details of the legal battle and the accusations of using false documents in…
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