Category: News
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Influential Northern Senator Under Security Watch Over Rising Kidnapping, Terrorism
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CBN Governor, Finance Minister, EFCC Boss Make Move To Save Falling Naira
The Nation Newspaper The Finance Minister and Coordinating Minister for the Economy, Mr. Wale Edun, yesterday met with CBN Governor Olayemi Cardoso and Economic and Financial Crimes Commission (EFCC) Chairman Ola Olukoyede to strategise on stabilising the beleaguered currency. This occurred on a day the naira sustained its rally against the dollar, closing at N1,440…
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CAF Revealed Monetary Rewards For Winners, Runners-up, Others
The Confederation of African Football, CAF, has revealed the financial rewards for participating nations at the ongoing 2023 Africa Cup of Nations tournament (AFCON prize money) in Cote d’Ivoire. The winner of AFCON 2023 will take home $7 million for lifting the trophy. The runners-up will pocket $4 million. The two losing semi-finalists (two teams)…
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Naira Rebounds as Banks Offload Excess Dollars
Punch Newspaper Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks. It was learnt that the treasury departments of the DMBs spent the entire day…
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EFCC Makes Clarification Over Religious Sect Laundered Billions of Naira For Terrorists
The Economic and Financial Crimes Commission, EFCC, has clarified that the religious sect that was revealed by its Chairman, Ola Olukoyede, to have been indicted for money laundering is neither a church nor a mosque. Olukoyede had revealed that the anti-graft agency traced the sum of N7bn, suspected to be part of N30bn money laundering,…
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Bandits kidnap director near military base in Abuja
Punch Newspaper Bandits, on Thursday, abducted a director in Federal Housing Authority, Federal Capital Territory, identified as Aondo Ver, from his home, during an attack about 200 metres close to a military base in Pambara in the Bwari Area Council of Abuja. The bandits who struck around 12.30am on Thursday, shot indiscriminately, causing panic in…
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CBN Orders Banks to Sell Excess Dollars in 24 hours
Punch Newspaper Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024. The CBN, which made the disclosure in a new circular released on Wednesday, also warned lenders against hoarding excess foreign currencies for…
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5 Most Rigged Elections in Africa
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Why We Propose N400,000 as Minimum Wage – Labour Union
The labour union has proposed a minimum wage of $300 (N436,500) for Nigerian workers ahead of negotiations on the new national minimum wage. Chairman, Trade Union Side, Joint Meeting of the National Public Service Negotiating Council (JNPSNC), Comrade Benjamin Anthony, made this proposal at the 2023 meetings of the Separate and Joint National Public Service…
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Jamb Boss, Oloyede Made Over N50 Billion Within a Year – VP, Shettima
Vice president, Kashim Shettima (Illustrative Picture)