Year: 2024
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UN expert condemns unfair treatment of pro-Palestinian student protesters in U.S.
A UN independent human rights expert, Farida Shaheed, has warned that the recent increase in student protest attacks across campuses in the United States indicates an “erosion of intellectual freedom and democratic principles within educational settings. Ms Shaheed, the UN Special Rapporteur on the right to education, said this in a statement at the end…
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Latest Report Shows Status of Naira Among World Currencies
Punch Newspaper Nigeria’s naira has experienced a reversal in its recent gains, emerging as the world’s worst-performing currency over the last month, according to a new Bloomberg report. The Friday report emphasised that this development places increased pressure on the Central Bank of Nigeria to continue raising interest rates. The naira has depreciated to 1,466.31…
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NIMC Uncovers Persons Selling Fake NIN Numbers
The National Identity Management Commission,NIMC, says it has uncovered a syndicate of questiontionable individuals parading themselves as staff of the commission and issuing fake National Identity Numbers, NIN, to unsuspecting Nigerians. It said some offenders have been arrested and are undergoing prosecution with relevant security agencies. The NIMC Director General, Abisoye Coker-Odusote, disclosed this at…
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Yahaya Bello: Lawyers Petition UN, UK, Other International Bodies , Seek Visa Ban Against EFCC Chair
A group of lawyers, on Friday, said they have written petitions to both the United Nations, the government of the United Kingdom and other international organizations to seek a visa ban against the Chairman of the Economic and Financial Crimes Commission, EFCC, Olanipekun Olukoyede. The legal practitioners, who made the disclosure during a press conference…
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Bandits Invade Varsity, Abduct Scores of Undergraduates
Bandit Terrorists on Thursday night invaded the Confluence University of Science and Technology, Osara, Okene in Kogi State and abducted some Undergraduates. An eyewitness account indicated that the bandits swooped on the university around 9pm while the students were reading for their upcoming exams. The source said that the bandits came in through the bush,…
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Reps Directs CBN To Withdraw ‘Ambiguous Circular’ on Cybersecurity Levy
Members of the House of Representatives on Thursday asked the Central Bank of Nigeria (CBN) to withdraw the circular directing financial institutions to commence implementation of the 0.5 per cent cybersecurity levy, describing it as “ambiguous”. The development was in response to a motion on the urgent need to halt and modify the implementation of…
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Naira Depreciates Further as Dollar sales to BDCs Wobble
Vanguard News The declining fortunes of the Naira persisted yesterday with further depreciation in the parallel and official markets due to the re-emergence of speculation and hoarding, even as some Bureaux De Change, BDCs withdrew from the Central Bank of Nigeria, CBN’s, dollar sales program. Vanguard also learnt that despite the sustained nationwide raids and…
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List Of Levies And How Much Nigerians Pay For Electronic Transactions On Their Accounts
The Central Bank of Nigeria (CBN) on Monday, issued a new directive to all financial institutions, including commercial, merchant, non-interest banks, payment service banks, and mobile money operators in the country, mandating the implementation of a 0.5% cybersecurity levy on all electronic transactions.The fresh charge is in addition to other existing levies Nigerians pay for…
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Naira Depreciates at Parallel, Official Market Against U.S Dollar
The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,416.57 per dollar from N1,354.21 per dollar on Monday,…
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FULL LIST: CBN Publishes List of Licensed Deposit Money Banks
Punch Newspaper The Central Bank of Nigeria, CBN, released comprehensive list of licensed Deposit Money Banks operating within the country. The list, which was made public on the CBN’s official website on Tuesday, provides insights into the banking landscape in Nigeria. Banks with international authorisation include Access Bank Limited, Fidelity Bank Plc, First City Monument…