The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the Director, Currency Operations Department of CBN, which he said took effect from April 1. […]
Month: April 2022
IGP debunks claims that Kaduna is inaccessible by road, air or train
The Inspector General of Police (IGP), Mr Alkali Usman, says the rumour making the rounds that Kaduna is inaccessible by road, air or train is a mere propaganda. The IGP stated this during his operational visit to the Abuja-Kaduna road on Saturday in Kaduna. He said the visit was to check the situation along the […]
Cricket: Nigeria beats Rwanda to stay top on log
Team Nigeria on Saturday defeated their Rwandan counterparts by three runs in the final group game of the Nigeria Women T20 Invitational Cricket tournament. Both countries have won their three previous matches but Rwanda sat top of the table of the five-nation event with better net run rate. The victory means that the hosts are […]
CBN disburses N948bn to smallholder farmers nationwide
The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4, 478, 381 smallholder farmers under the Anchor Borrowers’ Programme (ABP) across the country. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi disclosed this on Friday in Enugu during the ongoing Enugu International Trade Fair. The News Agency of Nigeria (NAN) […]
Pentagon commits extra $300m in security aid to Ukraine
The US Defense Department announced Friday it is allotting $300 million in “security assistance” for Ukraine to bolster the country’s defense capabilities, adding to the $1.6 billion Washington has committed since Russia invaded in late February. The package includes laser-guided rocket systems, drones, ammunition, night-vision devices, tactical secure communications systems, medical supplies and armored vehicles. […]
Ukraine war to halve global trade growth, warns WTO
The Ukraine war has led the World Trade Organization (WTO) to cut its global trade growth forecast for this year. The previous 4.7% growth forecast has been cut to 2.5% due to “the impact of the war and related policies”, said WTO boss Dr Ngozi Okonjo-Iweala. The cut is also linked to continuing global supply […]
How Belarusian fighters in Ukraine evolved into prominent force against Russian invasion
New details have emerged about Belarusians fighting for Ukraine against Russia’s invasion as part of a broader struggle to free their own country from Russian domination and the rule of Moscow-backed autocrat Alexander Lukashenko. Speaking exclusively to VOA in a Tuesday phone interview, the deputy commander of the largest pro-Ukraine Belarusian fighting force said its […]
Bruno Fernandes signs Manchester United contract extension
Manchester United midfielder, Bruno Fernandes, has penned down a contract extension that keeps him at Old Trafford till 2026. Fernandes has become an invaluable member of the team since arriving from Sporting Lisbon in 2020, where he has found the back of the net 49 times and provided 39 assists in 117 appearances. The Portuguese […]