The Economic and Financial Crimes Commission has sternly warned foreign missions situated in Nigeria, prohibiting them from conducting transactions in foreign currencies and requiring them to utilize the Naira for their financial activities. The EFCC has also mandated Nigerian foreign missions domiciled abroad to accept Naira in their financial businesses. The move, the…
The International Monetary Fund has advised the Nigerian government, to ask global crypto trading platforms to register or obtain licences before operating in the country. This recommendation was made in the IMF’s latest staff report, released on Thursday, following the conclusion of its 2024 Article IV consultation with Nigeria. According to the report, compelling…
The Duke of Sussex Prince Harry has visited Governor Uba Sani of Kaduna State as well as soldiers who were wounded in action as part of his activities while in Nigeria. The prince who arrived at the Sir Kashim Ibrahim Government House in Kaduna on Friday afternoon was accompanied by some aides and top…
The Trade Union Congress (TUC) has slammed the opposition lawmakers in the National Assembly members over its perceived quietness on the controversial cybersecurity levy. On May 6, the Central Bank of Nigeria (CBN) Nigeria’s central bank directed banks and other financial institutions to implement a 0.5 per cent cybersecurity levy on electronic transfers….
The Organised Labour will convene a National Executive Council meeting ahead of the planned picketing of offices belonging to the Nigerian Electricity Regulatory Commission over the hike in electricity tariff. The Nigeria Electricity Regulatory Commission announced the hike in the electricity tariff for Band A customers at a press briefing in Abuja, on April…
The Joint Admissions and Matriculation Board, JAMB, has urged prospective Direct Entry, DE, candidates to hasten up and complete their registration. The board made the call on Friday via a post on its official X handle. It noted that the DE registration was still ongoing but likely to be closed soon. “Attention 2024 DE Applicants!…
Former governor of Kogi State, Yahaya Bello, on Friday, finally agreed to submit himself to the Federal High Court in Abuja for arraignment on June 13 in the corruption charges against him. Bello’s lead counsel, Abdulwahab Mohammed gave the undertaking to Justice Emeka Nwite on Friday shortly after the request for suspension of trial by…
Veteran Nollywood actor, Kanayo O. Kanayo, has urged young people to ensure they give their first salaries to their fathers for his blessings and not their pastors. The actor who recently introduced his son Clinton Mbaise into the world of filmmaking, shared a video of his son presenting him with the N50,000 he made…
Senator Adams Oshiomhole has expressed concerns over the creation of new institutions and its impact on federal resources. He made his position known while contributing to the debate on a bill seeking to establish the National Institute for Educational Planning and Administration and additional agencies. The senator representing Edo North, on Tuesday, asserted that…
The Nigerian Economic Summit Group (NESG) has faulted the timing of the introduction of the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN). In a statement on Thursday, NESG asked the Federal Government to reconsider the levy as Nigerians are currently groaning under multiple taxation and…