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The Central Bank of Nigeria (CBN) is making plans to raise the minimum capital requirements for Bureau De Change (BDC) operators to N2 billion for Tier 1 licenses and N500 million for Tier 2 licenses. The Central Bank of Nigeria (CBN) on Friday, issued a draft revised regulatory and supervisory guidelines for Bureau de Change […]
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The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has revealed that less than 5% of Nigerians have more than N500,000 in their bank accounts. He said it is not acceptable that the wealth of the entire nation is concentrated in the hands of a few while the majority languish in poverty. […]
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President Bola Tinubu, is currently hosting an Extraordinary Summit of The Economic Community of West African States (ECOWAS) at the Aso Rock Villa in Abuja. The regional leaders’ focus today is on the political, peace, and security situation in the West African region. Tinubu as the chairman of the ECOWAS Authority of Heads of State, […]
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Residents of Abuja will experience a 7-hour power outage on both Saturday and Sunday. The development was announced by the Transmission Company of Nigeria (TCN). The disruption in electricity supply is due to a scheduled routine maintenance of the 132/33kV 2X100MVA power transformers at the Apo Transmission Substation, detailed in a statement released on Saturday […]
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A bl00dy clash between Yoruba youths and Hausa traders at the Oluwole Market in the Ogba area of Lagos State, has left one person D3ad and several others injured. The cause of the crisis has not been confirmed but sources say that the incident started on Thursday night, February 22, 2024 and continued on Friday. […]
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A preliminary report released on Saturday by the United States National Transportation Safety Board (NTSB) has revealed that the helicopter carrying the late Group Chief Executive Officer (GCEO) of Access Holdings Plc, Herbert Wigwe, his wife, and others, was witnessed by several people in vehicles as a “fireball” before it crashed. Wigwe, his wife, son […]
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A video has emerged online showing the moment a Ghanaian lady broke down in tears after she arrived Nigeria to meet a rude shock The man who shared the video online said that the Ghanaian lady had travelled from her country to Nigeria to meet her ‘’boyfriend’ who she had been communicating with online. She […]
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A chieftain of the All Progressives Congress (APC) and convener, North-South Progressives Alliance, Alwan Hassan, has accused some top government officials of sabotaging the efforts of President Bola Tinubu at salvaging the country from its current economic woes. Hassan said the government officials were not appointed by Tinubu but are are behind the current economic […]
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American television host and filmmaker, Steve Harvey, has stated that Nigerian singer, Damini Ogulu, professionally known as Burna Boy and other African artistes, didn’t steal from American music, contrary to Western sentiments. Harvey made this known in a recent episode of his television show. According to Steve, the West, especially Americans, are inspired by African […]
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An unidentified resident of Lagos State is alleged to have lost his life after being trampled upon at the Nigerian Customs office in Harvey Road, Lagos while attempting to purchase rice. An X user, Dr. Adunola, @yemoka who attended to the deceased said the man died in her hospital. She said he was trampled on […]
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