Lawmakers and officials from the Nigeria Deposit Insurance Corporation (NDIC) on Saturday gathered in Abuja for a retreat aimed at strengthening the legislative framework for deposit insurance and ensuring the continued stability of the Nigerian banking system. The retreat, themed ...
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Feed SubscriptionInt’l Money Transfer Firms Stop Forex Remittance Payments, Opt For Naira
Following the directive of the Central Bank of Nigeria (CBN) barring international money transfer operators (IMTOs) from paying Nigerians in foreign currencies, Nigerians abroad will no longer be able to send dollars or foreign currencies into bank accounts in the ...
Read More »Again, CBN Increases Customs Duty On Cargo Clearance By ₦4
The Central Bank of Nigeria (CBN) has, for the third time this year, increased the exchange rate for calculating customs duties at the nation’s seaports from ₦1,413.62/$ to ₦1,417.635/$. With the upward review, Nigerians will pay more to clear their ...
Read More »Access Bank Boss Wigwe, Wife, Son, NGX Boss Die In Copter Crash
A chopper transporting Herbert Wigwe, the CEO of Access Holdings, has crashed, killing him as well as about five others in California, United States. Sources said the chopper was headed to Las Vegas when it crashed near a border city between ...
Read More »Gaza: Anxiety Mounts As Israel Plans Assault On Rafah
The international community, including the United States, has expressed worries about the plan by Israel to attack Rafah to eliminate remnants of Hamas, a move that will put the lives of over 1.5 million refugees at risk. Israeli Prime Minister ...
Read More »Local Airline Operators Groan As Jet A1 Hits N1,300/Litre
Airline Operators of Nigeria (AON), on Friday, has lamented the situation where aviation fuel, also known as Jet A1 now sells for N1300 per litre. In a press statement by the Spokesman of AON, Obiora Okonkwo, the airlines expressed deep ...
Read More »Tinubu Signs Bill For Power Firms To Fund Host Communities
President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. The Bill, which was passed by the House of Representatives on July 27, 2023, and the Senate on November 14, 2023, was sponsored by Hon. Babajimi Benson, ...
Read More »AFCON 2024: Five Nigerians Die Watching Super Eagles’ Match
In a shocking turn of events, tragedy struck as at least five Nigerians lost their lives while watching the intense semi-final match between Nigeria and South Africa at the ongoing 2023 Africa Cup of Nations (AFCON) in Cote d‘Ivoire on ...
Read More »NNPC Not Increasing Petrol Pump Price – Official
The Nigerian National Petroleum Company (NNPC) Ltd, has assured the public that there is no imminent increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. The company therefore urged Nigerians to disregard unfounded rumours and ...
Read More »Troops Kill 266 Terrorists, Rescue 116 Hostages In January
The Defence Headquarters (DHQ) has asked terrorists to surrender or be killed as there is no third choice for them. The director of defence information Major General Edward Buba briefing journalists in Abuja said the armed forces will continue to ...
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