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Obasanjo hands over seat to Peter Obi (Video)

Former President Olusegun Obasanjo gave his seat to the Labour Party (LP) presidential candidate, Peter Obi at a function in Abuja this week. Social media users are ascribing political annotations to a video of the scene now trending. Obasanjo, Obi and other

India hands over G20 presidency to Brazil

India has formally handed over the G20 presidency to Brazil at the closing ceremony of the annual summit held in New Delhi this weekend. Indian Prime Minister Narendra Modi completed the transition by handing over the ceremonial gavel of the presidency to

CBN Gives Banks 2 Weeks To Settle Customers' Complaints

Banks and other financial institutions must settle customers' complaints on overcharge, unauthorised deductions and other matters within two weeks, the Central Bank of Nigeria (CBN) has directed. Mr Tajudeen Ahmed, the CBN Head of Complaints Management Division

Ondo In 'Coma' As Akeredolu Hangs On To Power

Almost 80 days after Ondo State Governor Rotimi Akeredolu, SAN, returned to Nigeria from his three-month medical leave in Germany, he is yet to step foot in the Sunshine State, leaving governance on autopilot. The governor who relocated to his residence in

New CBN Directive to Commercial Banks Leaves Nigerians Puzzled

In a recent development that has left many Nigerians perplexed, the Central Bank of Nigeria (CBN) has issued a directive to commercial banks mandating a new requirement for bank account holders. Starting March next year, all bank transactions must be linked

Badoo Cult Group Hacks Couple To Death In Ikorodu

Yesterday, the notorious Badoo cult group struck again in Idioro area of Ogijo, Ikorodu area of Lagos state - killing a husband and his wife. The couple were reportedly found dead on their matrimonial bed with a grinding stone was found on them. According

Naira crisis: Banks lose N5bn to protesters

The Association of Senior Staff of Banks, Insurance and Financial Institutions, an umbrella body of banking sector workers, disclosed that banks lost N5 billion following attacks on assets by protesters over naira scarcity. The group's president, Oluwole Olusoji

Messi hands Barcelona names of two players to sign

Lionel Messi has reportedly requested Barcelona to sign his fellow Argentina teammates Angel Di Maria and Leandro Paredes ahead of his potential return to the club. According to El Nacional, Messi wants his fellow countrymen to join him in his blockbuster

CBN raises commercial banks' capital base to ₦500bn

The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for commercial banks with international licences to ₦500 billion. The CBN also increased capital requirements for banks with regional licences from ₦15 billion to ₦50 billion.

Lagos government 'releases' amputee, hands her over to family

The Lagos State Government has revealed that it has released and has also handed over the amputee sachet water hawker, Mary Daniel to her family. Princess Aderemi Adebowale, Special Adviser to Gov. Babajide Sanwo-Olu on Civic Engagement made this announcement

CBN orders banks to sell excess dollars in 24 hours

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

Nigeria to buy banks acquired by deposed Central Bank governor

Nigeria is in the process of acquiring two banks that were purportedly acquired at a significant discount by the deposed Central Bank Governor Godwin Emefiele. On Emefiele faced suspension shortly after Tinubu assumed office in late May and was subsequently

CBN grants banks freedom to trade forex at any rate

The Central Bank of Nigeria has authorised commercial banks to freely trade foreign exchange at any rate. The authorisation means that banks now have the power to sell forex at a market-determined rate. We gathered that some banks have pegged the USD to Naira

US Vows To Block Stolen Nigerian Funds From American Banks

The United States has promised to ensure no stolen public funds from Nigeria are laundered through American banks. The outgoing U.S. Ambassador to Nigeria, James Entwistle, said the Obama administration was committed to stand with Nigeria in its fight against
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