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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 ...

United States authorities on Sunday, said preliminary reports suggest that a wintry weather condition was among the factors that contributed to the Chopper crash that killed the Group Chief Executive Officer, Access Holdings Plc, Herbert Wigwe, Punch reports. Wigwe, his wife and son were onboard the helicopter when it crashed in California near the Nevada border on Friday. Also on ...

The Group Chief Executive Officer, Access Holdings Plc, Herbert Wigwe, has been reported dead. Wigwe was said to have died following a helicopter crash in California near the Nevada border, United States of America. However, it’s not confirmed whether his wife or children were involved. New York Times reports that no survivors have been located as of Saturday morning, the ...

Governor Mohammed Bago of Niger State has banned the sale and distribution of food items and farm produce in bulk from the state to other Nigerian states. Bago announced the ban during a press briefing, stressing that the sale of food items in bulk has resulted in scarcity and food starvation within the state. The governor said, “Trucks who come to ...

The Economic and Financial Crimes Commission (EFCC) has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Newsmax online gathered that Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband, Jonathan Omoile, were declared wanted in a post on the X account of the anti-graft agency ...