Following the alleged report by an X user @duchessmabbound confirming that dollar rate is lower at the black market. It stated, “This morning that at Zone 4 Abuja, along the Sheraton Hotel, dollar is selling at N1,000 – $1. Abdulsalam BDC is selling N900 if buying over $5000 There’s a mad rush to dispose of…
The Central Bank of Nigeria (CBN) has reduced Customs Duty for the fifth time in a fortnight. Following the official announcement by the Nigeria Custom Service that cargo clearance will be determined by CBN base on the official rate on February 24, 2024. This outcome is largely affected by the appreciation of naira over weeks…
Following the drastic disruption of internet services in Africa, Nigeria Communication Commission (NCC) has called for a shared and cooperative approach to protect telecommunication structures to ensure continuous internet connectivity. This was confirmed by the Executive Chairman of NCC Dr. Aminu Maida in a statement delivered in Annual General Meeting (AGM) of West Africa Telecommunication…
Probably, the abuse or molestation of the boy child is worse when compared to the opposite sex counterpart. But, unlike the girl child, who has virtually everybody to mount campaign over her plight, the boy child is left to fight for himself. It is even considered in some places a taboo to discuss about boy…
Nigeria total debt stock has increased by N9.43 Trillion in the space of four months, standing at N97.341 Trillion as of December 31st from N87.911 trillion in September of the same year. This is according to a recent quarterly data from Debt Management Office (DMO). The report titled ‘Total Public Debt for Quarter 4, 2023’….
Disruption is an understatement. To describe the situation lucidly, extinct is the correct word. Indeed, without equivocation, the snap of internet services last week left a tale of woes. Ogbodo Ozioma Favour reports the socio-economic challenges faced by users. Internet service disruption almost all of last week in the Federal Capital Territory, Abuja, reportedly caused…
The Alumni Association of the National Institute (AANI) has called for enhanced security measures in schools and communities to prevent more incidents of school children being kidnapped. The association’s statement issued by its president, Ambassador Emmanuel Okafor on Sunday urged the government and security agencies to implement the Safe School Initiative and robust measures aimed…
The Minister of State for Health has called for a ban on the importation of medical syringes into the country in a bid to promote local production of medical grade syringe, boost the economy, and control the infiltration of substandard and Falsified medical equipment entering the country. This decision was reached on Thursday when Alausa…
The Financial Action Task Force (FATF) has grey-listed Nigeria Grey Listed Countries are jurisdictions that are actively working with the Financial Actions Task Force (FATF) to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. The Economic and Financial Crimes Commission (EFCC) and the Nigeria Financial Intelligence Unit (NFIU),…
Women Leading the Charge in Nigeria’s Banking Sector In Nigeria’s banking sector, a significant shift is underway as women increasingly assume leadership roles, breaking long-standing gender barriers and setting new benchmarks for success. This transition is reshaping the dynamics of the industry, traditionally dominated by men, and ushering in a new era of diversity and…
