Naira stabilises at 1,350 as CBN targets FX inflow for liquidity boost
The naira on Tuesday steadied at 1,350 per US dollar on the parallel market as against Monday when it opened the foreign exchange (FX) market at the same rate before closing at N1,360/$1 on the same day at the black market. At the official market known as the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira on Monday […]
CBN halts leading fintech platforms amid forex scarcity, Opay, Moneypoint, others affected
The Central Bank of Nigeria, (CBN) has stopped customers’ access to OPay, Palmpay, Kuda Bank, and Moniepoint to curb the wave of current forex scarcity. Sequel to this, the Central Bank of Nigeria (CBN) has instructed OPay, Palmpay, Kuda Bank, and Moniepoint to cease onboarding new customers until further notice, citing alleged involvement in illicit […]
Kwara ex-finance commissioner in court for N1.22bn fraud
The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned a former Commissioner for Finance in Kwara State, Ademola Banu before Justice Evelyn Anyadike of the Federal High Court sitting in Ilorin over alleged money laundering and misappropriation of state funds to the tune of N1.22billion. The defendant was alleged to […]
Ekiti seeks China’s partnership in critical sectors
Ekiti State Governor, Mr. Biodun Oyebanji has sought the collaboration of the Government of People’s Republic of China in the areas of investment, agriculture, mining, power, tourism, education and innovation. This, according to the Governor, is with the aim of leveraging China’s expertise and resources to drive growth across various sectors and ensure all round […]
Ondo 2024: Ayedatiwa campaign coordinator shot dead
The Lucky Aiyedatiwa Campaign Organisation Foot Soldiers Independent Council (LACO-FSIC) has decried the gruesome murder of one of its ward coordinators in Akoko Southwest Local Government area of Ondo State, Mr. Alaba Abe Excel. To this end, the group is calling on the police authorities to protect its members against implacable opponents. In a statement […]
Why Air Peace flight made emergency landing
The management of Air Peace has cleared the air surrounding its Port Harcourt to Lagos flight incident, saying that it was due to a falsely triggered fire alarm before landing. A statement by Mr Stanley Olisa, the airline’s Corporate Communications Lead, explained that some minutes before landing, the Captain noticed a fire warning indicator in […]
N4.6b traced to Bafarawa’s son in ONSA arms deal
The Second Prosecution Witness, 2PW, Hamza Abdullahi in the trial-within-trial of former Sokoto State governor, Attahiru Bafarawa and four others, has told Justice Y. Halilu of the Federal Capital Territory, FCT, High Court, that a sum of N4.633billion was traced to the account of Dalhatu Investment Limited where Bafarawa’s son, Sagir Attahiru Bafarawa and one other, simply identified as Nasir, were directors, […]
Oyebanji sues for territorial security as new Onirele is installed
The Ekiti State governor Biodun Oyebanji has approved the new Onirele of Irele Ekiti, Oba David Andero, calling on the traditional institution in the zone , to coalese efforts with his government to wage fierce war against insecurity in the state. The governor harped on the resolve of his government to involve the traditional institution […]
Dana aircraft skids off Lagos airport runway
An aircraft belonging to Dana Airline, skidded off the runway at the Murtala Muhammed Airport, Lagos on its way from the federal capital territory, Abuja. The aircraft with registration number 5N BKI was having 83 passengers onboard at the time of the incident. According to reports, the ill-fated aircraft has been grounded by the management […]
Olakulehin emerges new Olubadan
Controversy trailing the installation of a new monarch for the ancient city of Ibadan seems to have faded out today as the Olubadan-In-Council, nominated Oba Owolabi Olakulehin as the 43rd Olubadan of Ibadanland. The Olubadan seat became vacant on Thursday, March 14, 2024, after the death of Oba Lekan Balogun, who reigned for two years […]
