The Central Bank of Nigeria (CBN) has introduced a controversial policy, imposing a daily withdrawal limit of ₦100,000 for individuals using Point-of-Sale (PoS) services. This restriction extends to a weekly cash-out cap of ₦500,000 per customer and a cumulative daily maximum of ₦1.2 million for agent transactions. This directive, issued in a circular titled “Cash-out […]
President Bola Ahmed Tinubu recently used an academic forum to redefine the life many Nigerians had been living prior to his tenure. Speaking at the Federal University of Technology Akure (FUTA) convocation in Ondo State, Tinubu described the so-called “good life” as “fake,” one that could have led to Nigeria’s collapse without urgent reforms. However, […]
Kindly Share:
Nasreddine Nabi Faces Criticism Amid Kaizer Chiefs’ Defensive Woes Kaizer Chiefs supporters have never been shy to express their frustrations with the club, and now head coach Nasreddine Nabi is the latest figure to feel the heat. Chiefs’ ongoing defensive struggles and questionable decision-making have left fans questioning the leadership and direction of the team. […]
Kindly Share:
A tragic hunting accident claimed the life of a 58-year-old man in Virginia after a bear fell from a tree following a gunshot. The incident occurred on December 9 in Lunenburg County when Lester C. Harvey and his hunting group encountered a bear during their expedition. How It Happened According to the Virginia Department of […]
Kindly Share:
Foreign Portfolio Investments (FPIs) into the Nigerian stock market saw a remarkable surge of 180.95% between January and October 2024, reaching N344.30 billion compared to N122.55 billion in the same period in 2023. Key Drivers of the FPI Growth Investment analysts attribute this significant growth to the Central Bank of Nigeria’s (CBN) monetary policies, which […]
Kindly Share:
Discover the alarming rise in highway extortion during the festive season in Nigeria. Learn how unchecked abuses by security agents are creating fear and frustration for travellers nationwide. The festive season, a time meant for joy and family reunions, has unfortunately become a nightmare for many Nigerians traveling on the nation’s highways. Travellers face rampant […]
Kindly Share:
Will Nnamdi Kanu’s Release End South-East Insecurity? Soludo Doubts Anambra State Governor, Prof. Chukwuma Soludo, has cast doubt on whether releasing Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB), would bring an end to the persistent insecurity in the South-East region. Speaking on Tuesday at a press briefing in Amawbia, the […]
Kindly Share:
Violence against women and girls is an undeniable violation of human rights. No cultural norm, tradition, or economic pressure can ever justify the immense suffering endured by millions of women worldwide. It is our collective responsibility to challenge these harmful narratives and promote equality. Globally, gender inequality and violence against women are persistent barriers to […]
Kindly Share:
Nigerian Senate Pushes for Ban on Dollar Salaries and Foreign Currency Transactions The Nigerian Senate has introduced a bill aimed at eliminating the use of foreign currencies for payments and transactions within the country. This legislation, sponsored by Senator Ned Munir Nwoko, recently passed its first reading and proposes significant changes to financial operations in […]
Kindly Share:
President Bola Ahmed Tinubu has reaffirmed his commitment to Nigeria’s growth by pledging to enhance the infrastructure achievements of his predecessor, former President Muhammadu Buhari. Tinubu delivered this message in a touching tribute on Buhari’s 82nd birthday, acknowledging Buhari’s leadership, dedication, and transformative impact on the nation. In his statement released on Monday, President Tinubu […]
Kindly Share:
A Lagos State High Court in Ikeja has sentenced businesswoman Oluremi Phillips to 17 years imprisonment for fraud involving N57,690,000. Justice I.O. Ijelu delivered the ruling on December 12, 2024, convicting Phillips and her company, Omritas Energy Limited, on five charges of theft and issuing dud cheques. Background of the Case The defendant, initially arraigned […]
Kindly Share:
In a major crackdown on wildlife trafficking, the Nigeria Customs Service (NCS) Kano/Jigawa Command, in partnership with the Wildlife Justice Commission (WJC), seized 2,179kg of pangolin scales and arrested one suspect in Mubi, Adamawa State. This marks a significant step in their ongoing efforts to combat illegal wildlife trade and protect Nigeria’s biodiversity. The operation, […]
Kindly Share:
NDLEA disrupts major drug smuggling operation from Canada to Nigeria, seizing millions in methamphetamine and Loud cannabis hidden in car parts ahead of Christmas celebrations. In a significant breakthrough, the National Drug Law Enforcement Agency (NDLEA) has intercepted a multi-million dollar Christmas drug haul, successfully thwarting an attempt to smuggle methamphetamine and Loud cannabis from […]
