CBN resumes forex sale to BDC operators after three years

CBN resumes forex sale to BDC operators after three years

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years after the former CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators. The apex bank disclosed this in a new circular issued and signed by the Director, Trade and Exchange Department, Hassan Mahmud, on Tuesday. […]

February 28, 2024 43

BUSINESS

NNPCL plans to end fuel shortage in 10 years

The Nigerian National Petroleum Company Limited has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this Tuesday at the opening ceremony of the seventh edition of the Nigerian International Energy Summit held in Abuja. In a statement by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, assured stakeholders of the company’s commitment to work […]

February 28, 2024 27

SPORTS

Voodoo new to me – Waldrum

In the aftermath of the drama that ensued between Nigeria and Cameroon during the penultimate qualifying fixture for the 2024 Olympic games, Super Falcons coach, Randy Waldrum, says voodoo is strange to him. There was drama at the start of the second half inside the Moshood Abiola National Stadium in Abuja on Monday after a Cameroonian player allegedly attempted to plant ‘voodoo’ inside the Falcons goal post. Falcons’ goalkeeper, Chiamaka Nnadozie, […]

February 28, 2024 27

BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

February 28, 2024 48

POLITICS

Imo vigilante member arrested over lover’s death

The Imo State Police Command has arrested one Chinenye Nwaneri, for allegedly killing his lover, Chienyenwa Nnodua, Parading the suspect at the command’s headquarters in Owerri, the state capital on Tuesday, the police spokesperson, Henry Okoye, disclosed that the deceased’s lifeless body was recovered from a gutter at Madumere Street, Christ Road, Owerri, by policemen following a distress call. He disclosed that the investigation revealed that the deceased was with […]

February 28, 2024 17

ENTERTAINMNET

South African police arrest six for murder of rapper, AKA

South African police have apprehended six suspects connected with the murder of popular rapper, Kiernan Forbes, mostly known as AKA, and his close friend, celebrity chef and entrepreneur Tebello “Tibz” Motshoane. The duo were murdered on February 10, 2023, while walking with a friend outside a popular Durban restaurant hours before he was to perform at a nearby club. AKA started his musical profession as part of the rap group […]

February 28, 2024 9

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POLITICS

Election dispute resolution process across the 36 states

Kimpact Development Initiative, KDI, a civil society organization that advances good governance and democratic rights, has called for the establishment of special courts to handle pre and post-election disputes with the aim of giving room for the court to attend to other litigations. The Executive Director of KDI, Bukola Idowu, who made the call at the Public Presentation of the post 2023 General Election Dispute Resolution Monitoring Report, in Abuja […]

February 15, 2024 62 1

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NEWS

Nigeria’s predicaments not solely political – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, on Sunday, said that the socio-economic as well as security challenges confronting the country require spiritual solutions. The spiritual leader noted that the nation’s political leaders appeared to have tried their best to seek solutions but that Nigeria urgently needed divine intervention. Adeboye stated these when he met the Kaduna State Governor, Senator Uba Sani, at the Sir […]

February 12, 2024 39 1

BUSINESS

Nigeria to become food exporter through mechanised farming – Tinubu

President Bola Tinubu, on Sunday, said his administration was keen to make Nigeria self-sufficient in food production and become a net exporter of agricultural products through what he called “aggressive mechanisation.” He affirmed his administration’s support to give ease and succour to the 2024 Hajj pilgrims. “Nigeria will become a net exporter of food through aggressive mechanisation,” Tinubu told a delegation from the Global Tijaniyya Movement, led by Khalifa Muhammad […]

February 12, 2024 25

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