Month: May 2021
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Cryptocurrency: CBN Reveals Plan To Float Digital Currency
The apex bank in the country, Central Bank of Nigeria, CBN, has revealed its plans to float digital currency following recent ban on Cryptocurrencies. The CBN Governor, Godwin Emefiele, made the disclosure on Tuesday while addressing newsmen after a two-day meeting of the Monetary Policy Committee in Abuja. According to a report by the Premium…
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Minister Reacts To Proposed Scrap of NYSC
The Minister of Youths and Sports Development, Sunday Dare, has reacted to the reports claiming the National Youth Service Corps, NYSC, scheme is set to be scrapped. Two days ago, it was widely speculated that the one-year mandatory scheme for all graduates will be scrapped following the second reading of a bill in the House…
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Soldier In Police Net For Allegedly Killing Business Man in Akwa Ibom
The Akwa Ibom State Police has arrested a soldier for the alleged murder of a businessman in Ikot Abasi Local government area of the state. It was gathered that the army officer allegedly killed the businessman and dispossessed him of his vehicle after giving him a ride on Sunday, May 23. A source from Ikot…
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What Thumb Sucking Causes In Children, Dental Expert
A dentist, Dr Basil Tochukwu, says thumb sucking in children causes skeletal and dental malformation. He told the News Agency of Nigeria on Tuesday in Jos that thumb sucking could change the pattern of dental development and also the jaw formation. He advised parents to stop their children and wards from sucking early, as the…
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Young Man Allegedly Kills, Dismembers Roommate’s Body, Sold It To Pastor In Bayelsa
A 34-year-old man, Okpegboro Avwerosuo, has been arrested by Operatives of Bayelsa State Police Command for allegedly allegedly killing, his roommate, dismembered the body and sold the vital organs to a pastor for ritual purposes. According to Nigerian Tribune, the incident happened at Mile 2 Sagbama Town, Sagbama Local Government Area of Bayelsa State over…
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How Imo Police Arrest 5 Gunmen Who Attempted To Set Police Headquarters Ablaze
Five suspected gunmen who attempted to set the Orji Divisional Police Headquarters ablaze in Imo have been arrested by Operatives of Imo State Police Command, on Tuesday. The command In a statement issued by its Public Relations Officer, PPRO, SP Bala Elkana, said, some hoodlums in their numbers, launched an offensive on the reconstruction site…
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Kaduna Crash: University of Ibadan Mourns PG Student, Brig.-Gen. Olayinka
The Acting Vice-Chancellor of the University of Ibadan, Prof. Adebola Ekanola, has commiserated with the family of Brig.- Gen. Olatunji Luqman Olayinka, who died along with others during last Friday’s military plane crash in Kaduna. Ekanola also commiserated with the President, Major General Muhammadu Buhari (retd.), and Nigerians on the death of the Chief of…
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CBN Devalues Naira, Adopts NAFEX Rate
The Central Bank of Nigeria has adopted the Nafex rate as the government’s official exchange rate for the naira, effectively devaluing the currency by 7.6 per cent. The bank posted the I&E rate on Monday on its website two weeks after it deleted the previous official fixed rate of 379 naira. The currency exchanged 410.25…
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Kidnapped FUNAAB 400-level Student Regains Freedom
The 400-level student of Federal University of Agriculture, Abeokuta (FUNAAB), Olayinka Toyinbo, abducted on Saturday by suspected kidnappers, has regained freedom. The News Agency of Nigeria (NAN) reports that Toyinbo is of the Department of Aquaculture and Fisheries Management, College of Environmental Resources Management of the institution. FUNAAB’s Head, Directorate of Public Relations, Mr Kola…
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COAS: Military Aircraft Be Grounded, Overhauled, ELFON Demands
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