Naira scarcity: CBN warns banks, PoS operators against cash hoarding

The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point-of-Sale (PoS) operators to desist from acts capable of disrupting the seamless circulation of the Naira as relevant sanctions shall be meted out to those found wanting. The CBN frowns at alleged cases of collusion between DMBs and PoS operators affecting the […]

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Police arrest three with two human hearts in Lagos

Three individuals suspected to be involved in dealing with human parts were apprehended by operatives of the Zone 2 Police Command in Onikan, Lagos State. SP Umma Ayuba, the new spokesperson for the zone, confirmed the arrest of the suspects in a statement issued on Wednesday. He stated, ‘Operatives from the Zone 2 Police Command, […]

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Reps ask FG to provide free malaria treatment in public hospitals

The House of Representatives on Thursday urged the Federal Government to promptly allocate a portion of the funds saved from the fuel subsidy removal to furnish complimentary malaria treatments and medications in all government-owned hospitals nationwide. This resolution stemmed from the approval of a motion addressing a matter of national urgency, sponsored by Hon. Amobi […]

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‘No Christmas chicken’, residents lament high prices in Ibadan

As this year’s Christmas draws near, it is likely that most families will be celebrating the day without chicken on their menu. A cross-section of consumers, poultry sellers, and producers, who spoke with the News Agency of Nigeria in Ibadan on Thursday, attributed this to the rising costs of chicken and production items. NAN observed […]

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Military destroys 68 illegal refining sites in Niger Delta

Troops of Operation Delta Safe, in the last week, uncovered and destroyed 68 illegal refining sites in the Niger Delta. The troops also apprehended 42 suspected oil thieves in the region. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, made this known while briefing newsmen on the operations of the Nigerian Armed Forces. The […]

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Tinubu reintroduces school feeding programme

returns programme to education ministry says no condition attached to payment of 4 months withheld salaries to ASUU President Bola Ahmed Tinubu has ordered the immediate reintroduction of school feeding with the implementation now to cover the entire basic education in Nigeria. The directive came as the Federal Government revealed a plan to return 15 […]

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P&ID: Again, UK Court quashes $11bn damages bill against Nigeria

A London court has quashed an $11 billion damage bill against Nigeria lodged by Process & Industrial Developments Limited Gas Company. The bill charge was brought against Nigeria for a collapsed gas processing project in Cross River, Nigeria. According to Reuters, the court ruled that the gas processing project was procured with a bribe paid […]

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Banks colluding with PoS operators to disrupt naira circulation, says CBN

The Central Bank of Nigeria has cautioned PoS operators over cash availability. This was made known in a statement signed by the Acting Director of Communication and Public Relations, Sidi Ali, on Thursday. The CBN noted that there is a collusion between some Deposit Money Banks and Point-Of-Sale operators affecting the availability of cash and […]

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Reps invite Keyamo, Sirika over national carrier

The House of Representatives on Thursday invited the immediate past Aviation Minister, Hadi Sirika, for questioning over the controversial National Air Carrier, Air Nigeria. In a motion sponsored by Tarkighir Dickson on the floor of the House at Thursday’s plenary, the Green Chamber noted that in 2016, Sirika proposed an aviation roadmap with the national […]

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