The naira has continued to depreciate against the dollar at the exchange rate market. According to Punch, the naira traded 876/$ at the parallel market on Sunday. Some Bureau de Change operators, who spoke to The PUNCH, said the local currency had earlier exchanged to the dollar at 820 a week earlier. Since the…
The Federal Competition and Consumer Protection Commission, FCCPC, has issued a cease-and-desist order to Point of Sale operators across the country from conduct that constitutes an infringement of the law. This follows the move by PoS operators, under the umbrella of the Association of Mobile Money and Bank Agents in Nigeria, to fix new prices…
Ex-President, Chief Olusegun Obasanjo, has said that Nigeria has not lived up to expectations and has disappointed not only Africa but the rest of the world. According to him, Nigeria has been carried away with ethnic and religious crises, and can’t achieve an equitable society. Obasanjo disclosed this while delivering the keynote address at…
A hit-and-run driver has killed an Assistant Superintendent of Police (ASP) attached to the Ondo State Police Command. The officer was crushed to death at a checkpoint along the Benin-Owo Expressway at Ifon in the Ose Local Government Area of the state on Sunday, July 23, 2023. According to eyewitnesses, the deceased officer had…
Twitter has unveiled its new logo. The new logo was made public by Twitter owner Elon Musk and its new CEO. The social media app on Sunday hinted that it would ditch its bird logo, be rebranded with the name X and move quickly into payments, banking and commerce, according to AFP. Founded in…
At least 20 persons have been burnt to death in Ore, Odigbo Local Government Area of Ondo State on Sunday while scooping fuel from a fallen tanker. The petrol tanker had fallen and spilled its content along the Benin–Ore-Sagamu Expressway on Sunday. According to an eyewitness, the fire was ignited by a spark from…
Former Edo Governor and Senator representing Edo North senatorial district, Comrade Adams Oshiomhole, has condemned the N30,000 monthly minimum wage, describing it as a “criminal wage”. Oshiomhole who sat for an interview on Channels Television on Sunday night, July 23, revealed that his cleaner earns more than N60,000 monthly. He also stated that the…
Award-winning Singer, David Adeleke popularly known as Davido has promised to donate $10k to a staff of Eko Hotel and Suites, Kekwaaru Ngozi Mary, who returned misplaced $70,000 to a customer in Lagos. David disclosed this in a Tweet posted on his Twitter account on Sunday. Reacting to the news he said, “Find her…
The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Central Bank of Nigeria (CBN) to court. SERAP filed a lawsuit against the CBN over “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for…
A Nigerian lady, Kekwaaru Ngozi Mary, who works at Eko Hotel and Suites, has been widely praised on social media for her honesty after she returned $70,000 (54,355,000 Naira) that a customer had misplaced. The incident drew admiration from many Nigerians, who were impressed by her integrity. The heartwarming act of Ngozi has garnered…