CBN Building The Central Bank of Nigeria, CBN, has ordered banks to stop cash payment to crypto bank account operators. Withdrawals from these accounts will only be possible by transfer or through a manager’s cheque, the apex bank explained. It revealed this in a new ‘Guidelines on Operations of Bank Accounts for …

The Nigerian Electricity Regulatory Commission (NERC) says it has not issued any directive on the increase of electricity tariff from January 1, 2023. Media reports had claimed that the commission finalised plans to increase the electricity tariff. The reports also noted that electricity distribution companies (DisCos) would soon inform customers …

Olubunmi Tunji-Ojo, the Minister of Interior, on Monday, confirmed that the passport application automation process will begin operation on January 8, 2024.   Recall that the minister announced in December that the Federal Government was working to ensure a full automation system of passport application in the country. At the …

President Bola Ahmed Tinubu has approved the suspension of Dr. Halima Shehu from the office of the  national coordinator, national social investment programme agency, over alleged financial impropriety. The president also approved the appointment of Dr. Akindele Egbuwalo as a replacement in acting capacity, it was gathered. The president has …

Senate President Godswill Akpabio has said that there are “verifiable justifications” by the national assembly for increasing the 2024 budget by over N1 trillion.   On Saturday, the national assembly passed the budget after increasing its size from N27.5 trillion proposed by President Bola Tinubu to N28.7 trillion. The budget …

The Home Office of the United Kingdom on Monday announced that it had commenced the implementation of its policy banning Nigerian students and other overseas students from bringing in dependants via the study visa route.   In a post on X (formerly Twitter), the Home Office reiterated that only those …

Nova Merchant Bank Limited has asked the Federal High Court in Lagos to wind up Midwestern Oil and Gas Company Limited following its failure to liquidate an alleged N1,648, 649,286.68 debt. The bank made the prayer in its petition in suit FHC/L/CP/2641/2023 filed on December 19, 2023 by its lawyer …

The Middle Belt Forum, MBF has countered the Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, that Nigerians should not be allowed to carry arms in view of the killings in the country saying the directive would not be in the overall interest of the people. But, the National President of the …

Acting Governor Aiyedatiwa Governor Lucky Aiyedatiwa of Ondo State has warned politicians that this year’s governorship election was not for settling political scores. Therefore, he cautioned, they must eschew violent conducts that could threaten the peace and tranquility of Ondo ahead of the governorship election. Aiyedatiwa made the charge in …

  Less than twenty-four hours after his staunch ally and speaker of the House of Assembly, resigned as a lawmaker and as speaker, the governor of Rivers state, Siminilayi Fubara, has promised that no political crisis will be able to shorten the term of his administration. Fubara reassured that he is …