The Central Bank of Nigeria (CBN) has withdrawn the directive to banks and other financial institutions to charge cybersecurity levy on electronic transfers. It will be recalled that the apex bank directed all commercial, merchant, non-interest and payment service banks, mobile money operators and payment service providers to charge a 0.5 percent cybersecurity levy on…
The Minister of Finance, Wale Edun, has refuted allegations that the federal government intends to use N20 trillion from the Pension Fund for infrastructure projects, stating that the government will comply with the established rules and regulations governing these funds. In a statement made in Abuja on Thursday, Edun noted that the pension industry, similar…
Wife of the embattled former Governor of Kogi State, Yahaya Bello, Barrister Amina Oyiza Bello has been disqualified from becoming a Judge in the State. This development comes after a petition was filed, citing her connection to her husband and former governor in the ongoing investigation into his financial dealings. The National Judicial Council (NJC)…
Nigeria’s Senate, has approved a $500 million World Bank loan request by President Bola Ahmed Tinubu. The loan, which was approved on Wednesday, will be used for acquiring electricity metres in the country. The upper legislative chamber’s approval was consequent upon the consideration of the report of the Senate Committee on Local and Foreign Debts…
Former President Olusegun Obasanjo has said that African countries including Nigeria made a mistake by adopting the western liberal democracy. Chief Obasanjo stated this when he met with the members of the House of Representatives championing the reintroduction of the parliamentary system of government in the country, in Abuja. The lawmakers, under the aegis of…
In a decision with potential implications for customer privacy, the Federal High Court sitting in Lagos has upheld the Central Bank of Nigeria’s (CBN) regulation requiring financial institutions to collect social media handles as part of their Know-Your-Customer (KYC) procedures. The case centered around a plaintiff who argued that the CBN regulation infringed on their…
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has asked President Bola Tinubu to solve hunger and electricity problems in the country in order to avoid an impending massive protest that will affect every sector. Primate Ayodele issued the warning in a statement signed by his media aide, Osho Oluwatosin, on Tuesday. He…
Rivers State Governor, Siminalayi Fubara, has slammed a former state commissioner who recently criticised him for not being loyal to his predecessor, Nyesom Wike. It will be recalled that the former Commissioner of Works in Rivers State, Alabo George-Kelly, in a recent interview explained that he resigned from Fubara’s cabinet because the state was spending…
Seyi Tinubu, son of President Bola Tinubu, has shared pictures of himself on social media receiving Nollywood veteran actor, Zack Orji in his office. Zack returned to Nigeria last month after his post-surgery assessment in the United Kingdom. The 64-year-old slumped on December 29, 2023, and was admitted to the intensive care unit of the…
Asari Dokubo has claimed that the Minister of the Federal Capital Territory, Nyesom Wike, is “playing god” in the current political crisis that has pitched him against his godson and Rivers State Governor, Siminalayi Fubara. Dokubo, a former Niger Delta militant, also chided President Bola Tinubu for, according to him, handing over “Rivers and Bayelsa”…
