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Tinubu Sacks Tukur As NFIU Boss, Appoints Bakari

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Ondo 2024: Group Begs Tinubu To Support Ohunyeye’s Ambition

President Bola Tinubu has fired Moddibo Tukur as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), naming Ms Hafsat Abubakar Bakari as his replacement. According to Ajuri Ngelale, presidential spokesman, who announced the appointment, it is subject to confirmation by the Senate. “Ms. Bakari is a lawyer and financial intelligence expert with years of experience in anti-money laundering,...

CBN Breaks Silence, Says Old Naira Notes Remain Legal Tender Till Dec 31st

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Naira Redesign: Banks Get N52b Cash Deposits In Two Weeks

The Central Bank of Nigeria (CBN) says the old N200, N500 and N1000 notes remain legal tender until December 31, 2023. Isa Abdulmumin, CBN spokesperson, announced the development in a statement on Monday. “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and...

Panic Grips Crypto Traders As SEC Bans Binance Operation In Nigeria; Declare It An Illegal Entity

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The Securities and Exchange Commission (SEC) of Nigeria has declared the activities of Binance in Nigeria illegal. According to a statement published on its website, any Nigerian trading on Binance Nigeria Limited, a subsidiary of the well-known global cryptocurrency exchange Binance, is doing so at his or her own risk. SEC noted that the company’s activities are in violation of Nigerian...

After His Swearing In As Senator, Gbenga Daniel Asks For His Pension As Ex-Governor To Be Stopped

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The senator representing Ogun East, Gbenga Daniel, has asked Governor Dapo Abiodun to stop his pension as a former governor of the state. Daniel governed Ogun State from 2003 to 2011. In February, he was elected in February to represent Ogun East in the red chamber of the 10th National Assembly. In a tweet on Thursday, the former governor said “good...

End Payment Of “Scandalous” Pension To Ex-Governors, Falana Urges States

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Wike Not Answerable To N’Assembly — Falana, Adegboruwa

Human rights lawyer, Femi Falana (SAN) has called on states to abolish pension payment to former governors, noting that Nigeria can no longer afford to pay ‘scandalous’ pension. He noted that no fewer than 20 of them are in the Senate, drawing jumbo salaries and allowances. In a statement, Falana said many state governors voted themselves humongous pension and perks. The senior...

ANAN President, Prof. Osisioma Tasks Leaders On Sustainable Consumption

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The National President of Association of National Accountants of Nigeria (ANAN), Rev. Canon Prof. Chuka Osisioma has urged leaders across the country to imbibe the culture of sustainable consumption as a means of protecting the future for younger generations. "We seem to be consuming our present and our future. If we continue with the rate at which we are going,...

Three Banks Looted By Hoodlums In Rivers

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Three Banks Looted By Hoodlums In Rivers

In Port Harcourt, the Rivers State capital, hoodlums destroyed three commercial banks and looted properties in protest of the Central Bank of Nigeria's naira redesign policy. According to PUNCH, the affected institutions on Friday afternoon were First Bank in Churchill and Keystone Bank along Aggrey Road, both in the old Port Harcourt Township area of Port Harcourt. Customers destroyed the First...

CBN Devalues Naira To 630/$1

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CBN Raises ITMO Application Fee To N10m, Restricts Banks, Fintechs From Providing Services

The Central Bank of Nigeria (CBN) has depreciated the Naira to N631 per dollar, up from N461.6 sold at the Importers and Exporters (I&E) window the day before, according to Daily Trust. The devaluation occurred 48 hours after President Bola Ahmed Tinubu announced federal government plans to unify the country's exchange rate in order to promote the economy. In his inaugural...

Trade Ministry, SMEDAN Plan MSMEs Academy

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Trade Ministry, SMEDAN Plan MSMEs Academy

The Federal Government, through the Federal Ministry of Industry, Trade and Investment has begun talks with the United Nations Industrial Development Organisation to set up a formal academy to train and equip small business operators with the requisite knowledge to help their day-to-day activities and deepen their contributions to the country’s economic growth. The Ministry, the Small and Medium Enterprises...

N-Power: Enrollees Lament Delay In Stipend`s Payment

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N-Power: Enrollees Lament Delay In Stipend`s Payment

Some enrollees of the Federal Government’s N-Power Programme on Monday decried the continuous  delay of payment of their N30,000 monthly stipends. The beneficiaries who spoke to the News Agency of Nigeria (NAN) in separate interviews in Abuja said, the continued delay of payment of the thirty thousand monthly stipends is becoming worrisome. Mr Francisco Noah, a beneficiary of the N-Teach segment...

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