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...
Abia Workers To Receive 13th Month Salary Before Dec 20, Gov. Otti Assures
Governor of Abia State, Alex Otti, has announced plans by his administration to pay both the December and the 13th month salaries to workers before December 20, 2024. Speaking during a critical meeting with leaders of workers’ unions in the state including the Nigeria Labour Congress (NLC), Otti assured that just like he did last year, he will pay the...
CBN Auctions $876m To 26 Banks, Disqualifies Six
The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held on Tuesday, August 6, 2024. The auction was part of the apex bank’s efforts to enhance foreign exchange liquidity in the market, alleviate demand pressure, and support price discovery, in line with its objectives. The CBN disclosed...
Tinubu In Meeting With World Bank Chief Says Audit Of CBN Commencing Soon
President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, Tinubu disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga on Friday...
ANAN Abuja Chairman, Omoniyi Felicitates With Oduwa Izekor On Investiture As ICAN Abuja, District Society Chairman
The Chairman Association of National Accountants of Nigeria, ANAN FCT 1, Abuja, Wahab Shina Omoniyi, FCNA has congratulated Mr. Oduwa Joseph Izekor FCA on his investiture as the Institute of Chartered Accountants of Nigeria, ICAN Abuja and District S...
Investigator Says Buhari’s Nephew, Not Ex-President Approved Naira Redesign
The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, has indicated that the recent naira redesign wasn’t expressly approved by former President Muhammadu Buhari. Obazee had gathered that the approval came from Buhari’s aide, Sabiu Tunde ‘Yusuf’. This was contained in the investigator’s final report tagged, ‘Report of the Special Investigation on CBN and Related Entities...
Adamawa Governor, Fintiri Raises NYSC Members’ Pay By N10,000
The governor of Adamawa state, Ahmadu Umaru Fintiri, on Tuesday increased the monthly allowance of National Youth Service Corps (NYSC) members in the state with ₦10,000 (ten thousand naira). Fintiri disclosed this in a statement and said he was excited to welcome the 2023 Batch ‘C’ Stream II Corps members to Adamawa State. “Your dedication to nation-building is recognized, and we’re...
Relocation: CBN Headquarters Presently Overpopulated – Cardoso
The Central Bank Governor, Olayemi Cardoso, said the CBN’s planned relocation of departments and personnel to other branches was a response to the current “overpopulation” at the headquarters. Cardoso stated this in an interview with Arise Television on Monday. The CBN governor said the process was normal for any vibrant entity like a central bank. According to him, the move was to...
I Trained My Ears, Hands To Detect Car Faults – Blind Mechanic
Murtala Shuaibu, a blind mechanic is one of the rare persons in the world today who can cling to their aims and principles despite the fog of disability. The sight-challenged technician, who is from Agbede in Edo State's Estako West Local Government Area, has been repairing cars for almost 30 years. Many inhabitants of Tugamaji, a town on the Gwagwalada Expressway...
Supreme Court Bans Withdrawal Limit Policy
On 3 March 2023, the Supreme Court sitting in Abuja ruled in favour of a suit brought before it by Governors. The apex court has placed a ban on the CBN's Withdrawal Limit Policy. During the Apex court's judgment, it was read that "the directive on cash withdrawal limit is an infringement on the Citizens' Human Rights. People should have...
