The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide. The central bank had directed DMBs to pick old N1,000, N500 and N200 notes at…
The House of Representatives has asked the Central Bank of Nigeria, CBN, to direct all commercial banks in the country to immediately overhaul their existing online and electronic banking platforms for efficiency and ease of conducting electronic banking operations.The call emanated from a motion, titled “Call on the Central Bank of Nigeria, CBN, to Direct…
lawmaker-elect for the Ogun State House of Assembly, Damilare Bello, has been arrested by operatives of the Department of State Services. Bello, a Peoples Democratic Party member, was alleged to have masterminded the Sagamu mayhem that left several banks vandalised during the naira scarcity protest. Our correspondent gathered that the suspects had spurned several invitations…
As Nigeria joined other nations to mark the 2023 World Water Day celebration, the United Nations Children’s Fund, UNICEF, has made a forecast that the country might not meet the Sustainable Development Goal, SDG, global requirement on water supply by 2030, going by poor investment in the sector.The Water, Sanitation and Hygiene, WASH, specialist at…
A High Court in Port Harcourt has sentenced one Promise Thompson to death by hanging for armed robbery and child theft. Thompson and his accomplice, Beatrice Ogbunka, stood trial on a three-count of armed robbery, kidnapping and child theft. They were accused of shooting one Chidiebere Ogbugu and stealing his five-year-old child. The incident was…
water bottling company, Mr V Premium Water, has reiterated its commitment to sustainable water use in its production processes. The company said this as it joined the rest of the world in celebrating this year’s World Water Day. In a statement made available to newsmen, the company described itself as a brand that had shown…
Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal Government’s suit seeking to recover and forfeit the sum of N70tn it alleged was stashed in 29 bank accounts by looters. The judge stated that the Federal Government’s lawyers and the private lawyers which it subsequently gave a fiat, did…
Landlords, residents and business owners have been rejoicing following the restoration of electricity after experiencing darkness for two years in Komkom Komkom community, in the Oyigbo Local Government Area of Rivers State. Reporters gathered that the development came after the inauguration of the rehabilitated Komkom 33 KVA feeder station in the community by the Port…
