The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that unbeknownst to young cryptocurrency traders in Nigeria, terrorists are using them to trade to fund terrorism in the country. The EFCC boss said some of the people who received money to trade in cryptocurrencies did not know that their financiers were […]
The Kano State Police Command, on Thursday, said 11 persons have died following Wednesday’s bombing incident at a mosque in Gadan Village, Gezawa Local Government Area of the state. The police spokesman in Kano, Abdullahi Haruna, confirmed this to our correspondent. Haruna said three more of the victims died on Wednesday, raising the figure to […]
Members of an unidentified Muslim group recently stormed a worship centre that plays host to both Christian and Islamic services in the Alalubosa area of Ilorin, the Kwara State capital. The group members who said they were acting on the instruction of the Emir Ilorin, Dr. Ibrahim Sulu-Gambari, revealed that the worship centre was originally […]
The Nigerian Communication Commission has announced a temporary suspension of new licence issuance to operators in three categories. The categories are Mobile Virtual Network Operator Licence, Interconnect Exchange Licence and Value Added Service Aggregator Licence. A virtual operator is a company that does not own a mobile spectrum licence but sells mobile services under its […]
Inter Miami’s five-match winning run came to an end on Wednesday as, without the injured Lionel Messi, they were held to a 0-0 draw at Orlando City. Messi had featured in all five of those wins for the MLS league leaders but sat out the game in Orlando due to a knee injury. Inter Miami […]
IN a bid to further secure its area of operations, Nigerdock has signed an agreement with G4S, a global integrated security company, to improve, manage, and oversee the security architecture across Snake Island Port, SIP, and Snake Island Integrated Free Zone (SIIFZ). The engagement of G4S follows a robust security review by Nigerdock to significantly enhance security within […]
Experts in the pension sector have countered the plan by the federal government (FG) to tap about N20 trillion from pension funds to accelerate economic growth, arguing that the plan is not feasible. It will be recalled that the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, told State House correspondents on […]
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs). This was disclosed yesterday by the Apex Bank’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, who stated that the initiative will help increase the sustained […]
THE Senate has approved President Bola Tinubu ‘s loan request amounting $500 million in favour of the Bureau of Public Enterprises, BPE, for electricity metering program to improve financial and technical performance of electricity distribution companies, DisCos, under the World Bank funded Nigeria Distribution Sector Recovery Program, DISREP. The approval yesterday was sequel to the consideration […]
A team of policemen from the Works Department of the Force Headquarters, in Lagos, has stormed the senior police officers’ quarters at the Government Reserved Area, GRA, Ikeja and allegedly looted and vandalised the residence of a retired Commissioner of Police, Chucks Enwonwu. Eyewitnesses said the team of policemen numbering over 10 came to the […]
