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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3,413 Inmates On Death Row- Nigerian Correctional Service

Crime & SecurityNewsNigeria3,413 Inmates On Death Row- Nigerian Correctional Service

Hassan Umar Shallpella (Regional Correspondent)December 23, 2023

Umar Abubakar, the National Public Relations Officer (PRO) of the Nigerian Correctional Service (NCoS) has disclosed during a media parley on Friday in Abuja that 3,413 inmates are on death row in custodial centers across the country. According to him, the total number of Inmates on Death Row (IDR) was made up of 3,341 males and 72 females. “As of Monday, 18th of December, 2023, there were a total of 77,849 inmates comprising 76,081 males...

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Katsina State Government Converts ICT Centre To University

EducationNewsNigeriaKatsina State Government Converts ICT Centre To University

Hassan Umar Shallpella (Regional Correspondent)December 22, 2023

The Institute of Technology and Management Katsina has become a full-fledged Information Communication Technology University. Prof. Abdulhamid Ahmed-Mani, Commissioner for Higher, Technical, and Vocational Education, disclosed this at a press briefing shortly after the State Executive Council meeting, held on Thursday in Government House, Katsina. Ahmed-Mani said the council had formed a five-man committee under his chairmanship to work hand-in-hand with consultants for the realization of the conversion. “The council agreed to see to the...

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Supreme Court has affirmed Mbah as Enugu State governor

NewsSupreme Court has affirmed Mbah as Enugu State governor

By Uzoamaka Ikezue (Staff Reporter)December 22, 2023

The Supreme Court, on Friday, upheld the election of Governor Peter Mbah of Enugu State. The apex court, in a unanimous decision by a five-man panel of Justices, dismissed an appeal that the Labour Party (LP), and its candidate, Chijioke Edeoga, filed to challenge the outcome of the governorship election that was held in the state on March 18. The apex court, according to reports found no reason to dislodge the concurrent verdicts of the...

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Obi commends FG over 50% slash in price of Interstate transport

NewsNigeriaPoliticsObi commends FG over 50% slash in price of Interstate transport

By Uzoamaka Ikezue (Staff Reporter)December 22, 2023

Peter Obi, the presidential candidate of the Labour Party (LP) in the last general elections has commended the Federal Government (FG) over the 50 percent slash in the price of interstate transport fare for Nigerians travelling during this Yuletide. Recall that President Bola Tinubu had on Wednesday, December 20, approved a 50% rebate for inter-state travels and 100% for train travels for Nigerians wishing to embark on travels to other parts of the country for the...

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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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Tinubu vows to better Nigeria’s business environment as more foreign companies plan exit

BusinessNewsNigeriaPoliticsTinubu vows to better Nigeria’s business environment as more foreign companies plan exit

By Ezinwanne Onwuka (Senior Reporter)December 19, 2023

President Bola Tinubu has remained unrelenting in his efforts to attract huge foreign investments to Nigeria as he promises to improve the investment climate in the country. “We are committed to removing all cobwebs and anti-investment impediments in the oil and gas industry,” said the President on Monday when he hosted the group chairman and CEO of Total Energies Worldwide, Patrick Pouyanne. Nigeria is witnessing an economic depression caused by Tinubu’s economic policies that has...

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Nigerian Army rescues 13 kidnapped victims in Zamfara

Crime & SecurityNewsNigeriaNigerian Army rescues 13 kidnapped victims in Zamfara

By Ezinwanne Onwuka (Senior Reporter)December 19, 2023

…11 terrorist-agents also arrested A crackdown on a gang of bandits operating around the Dansadau axis in Maru LGA of Zamfara State by troops of the Nigerian Army dubbed “Operation Hadarin Daji” on December 17 led to the successful rescue of 13 abducted victims. The terrorists fled on sighting the troops approaching, abandoning their hostages. All rescued victims are indigenes of Mutunji village of Dansadau Emirate in Maru county of Zamfara. The Nigerian Army has...

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