Year: 2023
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CBN To Freeze Bank Accounts Without BVN, NIN Starting April 2024
The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024. This is according to a Friday circular by the apex bank which instructed banks to place a “Post no Debit” restriction – which prevents customers from making withdrawals, transfers, or…
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Naira Depreciates Against U.S Dollar at Parallel Market
The Cable News The naira, on Thursday, depreciated to N1,165 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents a N5 or 0.43 percent depreciation compared to the N1,160 it traded last Tuesday. Speaking to TheCable, currency traders in Lagos, also known as Bureau De Change operators (BDCs), quoted…
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Break Down of 2024 Budget
The federal government says it will prioritise the health, defence, and education sectors in its spending in the 2024 fiscal year. Atiku Bagudu, minister of budget and national planning disclosed this in a statement on Thursday a breakdown of the 2024 budget. On Wednesday, President Bola Tinubu presented a budget proposal of N27.5 trillion to…
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Deadly Fighting Resumes In Gaza As Truce Expires
Heavy fighting has resumed in Gaza on Friday immediately after the expiration of a week-long truce between Israel and the resistance, Hamas, with the first fatalities reported minutes later, according to health officials in the Palestinian territory. A live cam showed a heavy cloud of grey smoke rolling over northern Gaza, and apparent sounds of…
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How Visa Flagged Naira Marley’s Credit Card – Witness Tells Court
The 10th prosecution witness in the trial of Nigerian singer, Azeez Fashola, popularly known as Naira Marley, Dein Whyte, an investigator with the Economic and Financial Crimes Commission revealed to Justice Nicholas Oweibo of the Federal High Court in Ikoyi, Lagos, on Thursday, how Visa, a card payment platform, detected fraudulent transactions linked to one…
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Final Year Student Dies After Livestreaming For Five Days in a Row
A Chinese student and video game streamer has died from possible exhaustion after livestreaming for five nights in a row. He was a final-year student at Pingdingshan Vocational and Technical College in Henan, with the surname Li. He was hired by a Chinese media company to stream as part of an internship requirement so he…
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JAMB releases dates for 2024 UTME
The Joint Admissions and Matriculation Board (JAMB) has announced dates for the 2024 Unified Tertiary Matriculation Examination (UTME). The board said sales for forms for the examination will start on January, 15 and end on February 26. In a statement by JAMB’s Public Communication Advisor (PAC), Fabian Benjamin, the board said the main UTME will…
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Supreme Court Rules on Validity of Old Naira Notes
The supreme court has ruled that old and new naira notes will co-exist as legal tender until further notice. In March 2023, the supreme court had extended the deadline to phase out old naira notes to December 31, 2023. On November 21, the federal government had filed an application before the supreme court, seeking an…
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List of Private Universities Owned By Nigerian Politicians
The Academic Staff Union of Universities, ASUU, once accused some full time politicians in the country of being behind the pitiable state of Tertiary Institutions, particularly the government-owned ivory towers following their interest in floating citadels of learning, which according to ASUU, is affecting the proper and adequate funding of the public tertiary institutions. As…
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EFCC Raises Alarm Over Fresh Move By Fraudsters To Defraud Nigerians Through ATM Cards Swapping
The Economic and Financial Crimes Commission (EFCC) has raised fresh alarm on to how fraudsters are swapping automated teller machine (ATM) cards of innocent people. Dele Oyewale, EFCC spokesperson, in a statement on Monday, said the fraudulent practice is gaining momentum across the country. “The Economic and Financial Crimes Commission, EFCC, has been inundated with…