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Senator Abdul Ningi has insisted that projects worth N3.7 trillion in the 2024 Appropriation Act are not traceable. Speaking in an interview with the BBC Hausa Service, Senator Abdul Ningi, who is the Chairman of Northern Senators’ Forum, alleged that the National Assembly debated and passed N25 trillion as 2024 budget and not the N28.7 trillion that is being implemented ...

The Edo State House of Assembly has served an impeachment notice on the Deputy Governor, Philip Shaibu. The development came Wednesday amid a prolonged rift between Shaibu and his principal, Governor Godwin Obaseki. Last August, Obaseki accused Shaibu of being so desperate to succeed him that he could do anything to remove him (Obaseki) from office. Obaseki who spoke while ...

Cryptocurrency exchange platform, Binance, has announced that it will stop providing all services related to the Nigerian naira (NGN). Binance, in a statement published on its website on Tuesday, said, “Starting at 8:00 UTC on March 8, all remaining NGN balances in Binance users’ accounts will be automatically converted to USDT stablecoin.” Until this time, it advised users to withdraw ...

The Nollywood Legend who was amputated in both legs last year reportedly passed away on Saturday evening. Newsmax Online  reports that popular Nollywood Actor, John Okafor, well known as Mr. Ibu is dead. According to multiple reports from sources close to him, the veteran comedian passed away at Evercare hospital. It would be recalled that before his demise, there had ...

Bank depositors whose accounts do not have a Bank Verification Number (BVN) or National Identity Number (NIN) or both risk having them frozen in compliance with the Central Bank of Nigeria’s (CBN) directive which takes effect on Friday, March 1, 2024. The apex bank on December 2, 2023, directed all commercial, merchant, non-interest, payment service banks, Other Financial Institutions (OFIs) ...

The list of government agencies to be scrapped or merged in the new directive given by President Bola Tinubu has been released by his Special Adviser Information and Strategy, Bayo Onanuga. SaharaReporters had reported how Tinubu ordered the full implementation of the 2012 Steve Oronsaye report.⁣ Former President Goodluck Jonathan established the presidential committee on government agency reform in 2011, ...

The Central Bank of Nigeria has placed limits on the foreign exchange sales by Bureau De Change (BDC) operators in a new document titled: “Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria”. The circular with Ref: FPR/DIR/PUB/CIR/002/006 dated February 23, 2024 and titled: “Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria – ...

Tinubu-led administration has banned online platforms of Binance and other crypto firms, Newsmax online reports. The Nigerian government has blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds. Sources within the major telecommunication companies in the country told PREMIUM TIMES Wednesday evening that ...

The Federal Government, together with cement manufacturers such as BUA, Dangote and Larfarge, has set the price range for a 50kg bag of cement at N7,000 to N8,000 across various locations in the country. This price adjustment was announced by Senator David Umahi following an extended discussion with key players in the cement industry held in Abuja on Monday. Despite ...

Dame (Dr.) Adaora Umeoji, OON, the Deputy Managing Director of Zenith Bank Plc, has emerged winner of The Humanitarian Services Icon of the Year Award 2023 at The Sun Awards 2023, which took place on Saturday, February 17th, 2023 at Eko Hotels & Suites, Lagos. In the award citation, Dame (Dr.) Adaora Umeoji, OON, was recognized not just for her ...