Central Bank of Nigeria revokes ban on cryptocurrencies

BusinessNewsNigeriaCentral Bank of Nigeria revokes ban on cryptocurrencies

By Ezinwanne Onwuka (Senior Reporter)December 24, 2023

After prohibiting transactions in cryptocurrencies across Nigeria on 5 February 2021, the Central Bank of Nigeria, CBN, has now reversed that ban and taken a positive posture towards digital assets, issuing new guidelines to financial institutions for crypto trading. When the unpopular policy was put in place in February 2021 to address money laundering and terrorism financing, many Nigerian companies had to go under the radar, either relocating abroad or shutting down business completely. Nigeria’s...

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Emefiele released from Kuje prison after meeting bail conditions

NewsNigeriaPoliticsEmefiele released from Kuje prison after meeting bail conditions

By Ezinwanne Onwuka (Senior Reporter)December 24, 2023

The embattled past governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, is out of prison. Emefiele was reportedly released on Friday, 22 December, after perfecting his bail conditions, including the payment of N300 million. The ex-CBN Governor has been in detention since 10 June 2023, a day after President Bola Tinubu sacked him as the governor of the CBN. From the custody of the Department of State Services, DSS, he was transferred to...

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Hilda Baci gifts students car, millions of naira

LifestyleNewsNigeriaHilda Baci gifts students car, millions of naira

By Ezinwanne Onwuka (Senior Reporter)December 22, 2023

Hilda Bassey, the Nigerian chef known popularly as Hilda Baci, has rewarded participants of her online cooking class with a car, cash running into millions, and kitchen appliances, among others. Tagged the ‘Christmas Menu Cooking Class’, the class was held virtually from 10 November to 11 December 2023 to help food enthusiasts, families and aspiring cooks improve their culinary skills during the festive season. The training ended with a prize-giving ceremony wherein participants were gifted...

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Nigeria Air: House of Reps to invite Sirika, Keyamo for questioning

NewsNigeriaPoliticsNigeria Air: House of Reps to invite Sirika, Keyamo for questioning

By Ezinwanne Onwuka (Senior Reporter)December 22, 2023

The House of Representatives has summoned Nigeria’s immediate ex-aviation minister, Hadi Sirika, for questioning over the status of the proposed national carrier, Nigeria Air, at the time of his departure from office. The former minister is expected to shed light on various controversies about the project. On May 26, 2023, a Boeing 737-800 series aircraft with the ‘Nigeria Air’ inscription was unveiled by Sirika as one of the planes for Nigeria’s proposed national carrier. But...

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Tinubu’s Special Investigator’s report indicts ex-CBN governor Godwin Emefiele of corruption, fraud

NewsNigeriaPoliticsTinubu’s Special Investigator’s report indicts ex-CBN governor Godwin Emefiele of corruption, fraud

By Ezinwanne Onwuka (Senior Reporter)December 22, 2023

Nigeria’s once-powerful central bank chief Godwin Emefiele has been fingered in a massive corruption scandal running into hundreds of billions of naira. While he headed the Central Bank of Nigeria, CBN, Emefiele teamed up with a select CBN officials to steal billions of naira which were pumped into 593 bank accounts in the United States, United Kingdom and China, according to a report by government-hired special investigator Jim Obazee. Emefiele was suspended by President Bola...

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Boko Haram kills two, burn houses in Chibok village

Crime & SecurityNewsNigeriaBoko Haram kills two, burn houses in Chibok village

By Ezinwanne Onwuka (Senior Reporter)December 22, 2023

Two villagers were killed on Tuesday, 19 December, in an attack on Pemi village in Chibok LGA of Borno State by Boko Haram jihadists. The terror gang stormed the village at 7:00 p.m., firing gunshots into the air recklessly. Eyewitnesses recounted scenes of panic and fear as villagers scrambled for cover in nearby bushes while the attackers descended upon homes, looting food items and setting houses ablaze. “We are certain that two persons died from...

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Nigerians to enjoy 50% discount on road transport and free train rides from 21 Dec.

NewsNigeriaPoliticsNigerians to enjoy 50% discount on road transport and free train rides from 21 Dec.

By Ezinwanne Onwuka (Senior Reporter)December 20, 2023

Nigerians travelling within the country this yuletide season will pay less for public transport as President Bola Tinubu will bear 50 per cent of the transportation cost, Minister of Solid Minerals, Dele Alake told the press on Wednesday. Alake said the bonanza would run from 21 December to 4 January 2024, and that inter-state travel via trains will be free. According to the Minister, “Nigerians willing to travel can board public transport via minibuses and...

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Civil War: Nigerian soldiers to protest over 40-year unpaid pensions

NewsNigeriaCivil War: Nigerian soldiers to protest over 40-year unpaid pensions

By Ezinwanne Onwuka (Senior Reporter)December 19, 2023

Retired soldiers who fought on the side of the Nigerian government during the brutal civil war which ended exactly 53 years ago will take to the streets from 15 January 2024 in protest over their unpaid allowances. The military pensioners accuse successive governments of neglecting them despite a series of letters sent to the authorities while their co-combatants who fought on the Biafran side never miss a pay. The war veterans are now giving the...

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Police kill two, arrest four members of Otukpo bank robbery syndicate

Crime & SecurityNewsNigeriaPolice kill two, arrest four members of Otukpo bank robbery syndicate

By Ezinwanne Onwuka (Senior Reporter)December 19, 2023

The Nigerian police announced on Monday that four of the gang of robbers behind the recent chilling bank robbery in Otukpo, Benue State, have been arrested. Otukpo witnessed a deadly attack on 20 October when a gang of 12 to 20 heavily armed gunmen stormed branches of Access Bank, United Bank of Africa, Stanbic IBTC Bank, and Zenith Bank located in the commercial district of the town and stole millions from the banks’ vaults. Before...

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Nigerian Air Force bombs ISWAP training camp in Borno

Crime & SecurityNewsNigeriaNigerian Air Force bombs ISWAP training camp in Borno

By Ezinwanne Onwuka (Senior Reporter)December 19, 2023

Troops of the Nigerian Air Force, NAF, codenamed “Operation Hadin Kai” have bombed the training camp of the Islamic State of West African Province, ISWAP, in Lake Chad, killing scores of jihadists. According to a Chad Basin security and counter-insurgency expert, Zagazola Makama, the air interdiction operation was on 16 December at Bukar Mairam in Marte LGA of Borno State. The operation followed intelligence reports that the terrorists had established a training camp in the...

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