The Minister of Finance, Mrs Kemi Adeosun, has asked the Central Bank of Nigeria (CBN) to extend Bank Verification Number (BVN) requirement to account holders in Microfinance Banks (MFBs). She said this would facilitate the detection of bank accounts which might have been opened and operated in such banks by ghost workers and other syndicates. (more…)
As Muhammadu Buhari gets back to work after returning from London where he had been receiving treatment, Osinbajo has handed over again to his principal. Vice President Yemi Osinbajo, on Monday, said he had formally handed over back to President Muhammadu Buhari, Sun News reports. (more…)
The Naira on Monday appreciated on all segments of the foreign exchange market. Naira gained three points to exchange at N460, from N463 posted on Friday, while the Pound Sterling and the Euro closed at N550 and 476, respectively. At the Bureau De Change (BDC) window, the Naira was sold at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro traded at N547 and N482, respectively. Trading on the floor of the interbank market saw the Naira closed at N306.00 to a dollar. Traders at the market expressed delight in the interventions the CBN had made so far in boosting liquidity, adding that its sustenance would turn the economy around in the short to medium term. The CBN has intervened at the forex market with an excess of 1.4 billion dollars in boosting l...
At the wake of the much awaited return of President Muhammadu Buhari, from a 49-day medical vacation in the United Kingdom, the All Progressives Congress, APC, says the 74-year-old is back to fix the challenges facing Nigerians, despite his health challenges. Recall, that Buhari upon his return on Friday, had said that his Vice, Yemi Osinbajo, would continue his role as Acting President, while he continues with his rest. Buhari suggested that he would soon be going back to the UK, for further medical check-up and treatment. However in a reaction, the ruling party APC in a statement on Friday, through its National Publicity Secretary, Mallam Bolaji Abdullahi, expressed belief that Buhari is now......
Following his return to Nigeria , March 13, Nigerian President Muhammadu Buhari is likely to go back to the United Kingdom in three weeks. It seems the President is not back in the country to stay for long as sources in the Presidency and his medical team have reportedly said the President will likely return to the UK to continue treatment for an unnamed ailment, Sahara Reporters reports. (more…)
We brought you reports yesterday of a beautiful young Nigerian Soldier named Oladipupo Solape aka Shomzy Shomzy who lost her life after she was allegedly shot dead by her jealous lover/course mate. Friends pay tribute:
MASSOB threatened to stop any pro-Buhari rally in the south east - The group said the APC has no support in the region - It urged Ohaneze Ndigbo to visit Kanu in detention The Movement for the Actualisation of a Sovereign State Of Biafra (MASSOB)has warned that the pro-Buhari rally scheduled to take place in Awka, Anambra state. (more…)
Nigeria has closed its main airport in the capital, Abuja, for six weeks to allow badly needed repairs to be carried out. It comes after airlines threatened to stop flying there because of safety concerns over the state of the runway. (more…)
The US Embassy in Nigeria via their official website releases statement telling Nigerians willing to travel to the US with valid visas to go ahead and make the trip....The U.S. Embassy in Abuja wishes to clarify that there is no reason for Nigerians with valid visas to postpone or cancel their travel to the United States. Nigeria is not named in the Executive Order on Immigration issued on March 6, and there is no prohibition against Nigerian lawful permanent residents or persons with a valid visa or other U.S. government authorization from entering the United States.
The inability of the prosecution to produce an interpreter on Wednesday stalled the planned arraignment of two Chinese and a Nigerian accused of importing fake tyres into the country. Taolung Shen, 36, Xu Jing Yao, 22, and Chinedu Madubuike alongside their companies, Sino Nigeria Import and Export Ltd and Nedeca International Limited, were charged with four counts of importation of sub-standard tyres by the Attorney General of the Federation. (more…)