Nigeria’s ministry of communications has denied reports that it has been spying on mobile phone and social media users. This comes after a fake statement went viral and caused panic by claiming that all mobile phones are connected to the ministry’s systems and that government officials are monitoring conversations. A spokesperson for Communication Minister Isa […]
The Central Bank of Nigeria has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. In a statement on Sunday, the Director, Corporate Communications, CBN, Isaac Okorafor, clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria. He said, “The bank has not prohibited the acceptance […]
The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on January 15, 2020, to $36.69bn on February 20, latest figures from the Central Bank of Nigeria has revealed. The apex bank disclosed that the reserves stood at $38.53bn on January 2, 2020. According to the figures, the reserves […]
Governor David Umahi of Ebonyi State has sacked two of his aides allegedly involved in a murder during the Peoples Democratic Party councillorship primaries on February 21. The governor also directed the police command in the state to arrest the two aides for possible prosecution. The directive was contained in a statement signed and issued […]
The Director-General of the Progressives Governors’ Forum, Salihu Lukeman, has in a memo addressed to the Chief Bisi Akande-led All Progressives Congress National Reconciliation Committee fingered the APC National Chairman as the source of the party’s woes. According to the document sent to reporters via email in Abuja, on Sunday, the PGFDG noted that when […]
Socio-Economic Rights and Accountability Project, SERAP, and 192 concerned Nigerians have filed a lawsuit asking the Federal High Court in Abuja to restrain and stop Speaker of the House of Representatives, Mr. Femi Gbajabiamila and all members of the House from spending an estimated N5.04 billion to buy 400 exotic cars for principal officers and […]
Nigeria Deposit Insurance Corporation Emma Ujah The Nigeria Deposit Insurance Corporation (NDIC) had by December 2019 liquidated 425 financial institutions. An Assistant Director (AD) in the Insurance and Surveillance Department of the NDIC, Mr John Abiodun, disclosed this at the Quarterly Forum of the Finance Correspondents Association of Nigeria (FICAN), in Abuja, at the weekend. […]
Security operatives on Saturday barred protesting youths from getting close to the convoy of National Chairman of the All Progressives Congress, Comrade Adams Oshiomhole. Oshiomhole was in Benin to attend burial ceremony of mother of Hon Ehiozuwa Agbonyinma, late Cecilia Agbonyinma. Heavily armed security personnel were mobilised to the Benin Airport following reports that youths […]
The Nigerian Railway Corporation (NRC) says Nigerians will soon enjoy hourly train services on the Lagos-Ibadan Standard Gauge rail line. The Lagos Railway District Manager, Mr Jerry Oche, told the News Agency of Nigeria (NAN) in Lagos on Saturday that more activities would soon be seen on the Lagos axis of the corridor. According to […]
Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output. The latest signs of infections outside the Hubei province epicentre in China spurred a selloff across financial markets, […]