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The Federal Government has suspended the controversial cybersecurity levy on electronic banking transactions.   Nigeria’s Minister of Information and National Orientation Mohammed Idris disclosed this while briefing State House Correspondents after the Federal Executive Council (FEC) meeting at the State House in Abuja on Tuesday. He said the policy is undergoing a review.   “The […]

A young man, whose identity is yet be unveiled, sneaked into a bank in Dadinkowa, Jos South local government area of Plateau State, with Improvised Explosive Device (IED), demanding N100m to avoid detonating it.   An official of the bank who did not want his name mentioned gave Daily Trust a blow-by-blow account of the […]

An aircraft belonging to XeJet Airline skidded off the runway at the domestic wing of Murtala Mohammed Airport in Lagos State on Saturday morning.    But there were no casualties, according to a terse statement by the airline. “XE Jet Limited has confirmed that one of their aircraft, an Embraer 145 with registration 5N-BZZ operating […]

The Economic and Financial Crimes Commission (EFCC) has cautioned compliance officers of banks in Nigeria to stop disclosing the anti-graft agency’s investigative activities to their customers. EFCC Chairman, Ola Olukoyede, made the call on Tuesday, May 7, 2024, through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba […]

The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira in their financial businesses.   The EFCC has also mandated Nigerian foreign missions domiciled abroad to accept Naira in their financial businesses.   The move, […]

The British High Commission in Nigeria has failed to acknowledge the presence of Prince Harry.   Harry and his wife, Meghan, arrived in the most populous black nation on earth, on Friday, and there have been different activities to welcome them.    The couple was received by military authorities on Friday afternoon in the nation’s […]

  Members of the House of Representatives on Thursday asked the Central Bank of Nigeria (CBN) to withdraw the circular directing financial institutions to commence implementation of the 0.5 per cent cybersecurity levy, describing it as “ambiguous”.   The development was in response to a motion on the urgent need to halt and modify the […]

The House of Representatives has issued a 14-day ultimatum to Dangote Cement, Bua Cement, Lafarge Cement, Asaka Cement, and Eagle Cement to appear before its joint committee and make their submissions on the arbitrary increment of cement prices in Nigeria.    The Chairman House Committee on Solid Minerals, Rep. Gaza Gbefwi, gave the summon at […]

The Peoples Democratic Party, PDP presidential candidate for 2023, Atiku Abubakar, has condemned the lack of proper notification as regards the demolition of properties in the Oniru corridor, including parts of Lagos State’s landmark, as well as tourist and recreational attractions, in order to make way for the Coastal Highway.   According to Atiku, the […]

Saturday was exactly six days after President Bola Ahmed Tinubu attended the World Economic Forum’s (WEF’s) Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, and he is yet to return to Nigeria.   The two-day forum, which aimed to help public and private sector leaders address shared global challenges, […]

The 2023 presidential candidate of the Labour Party, Mr Peter Obi, has called on President Bola Tinubu to discontinue the Lagos-Calabar coastal highway project to save jobs for Nigerians.   Obi said the project is a misplaced priority by the Federal Government adding that jobs would be lost to add to the current unemployment.   […]

  Justice Emeka Nwite of the Federal High Court Abuja has granted the Economic and Financial Crimes Commission (EFCC), an interim order to freeze 1,146 bank accounts belonging to individuals and companies being investigated for alleged offences bordering on unauthorised dealing in forex exchange, money laundering and terrorism financing.   The judge ordered that the […]