Senator Rufai Sani Hanga, representing the Kano Central Senatorial District in the House of Assembly has explained the motivations behind his Benevolent Contribution to Constituents’ Burial Ceremonies. Senator Hanga has shed light on the driving force behind his altruistic gesture, attributing it to a profound quest for divine mercy, donating a considerable quantity of 2,000 clay…
The Central Bank of Nigeria (CBN) has issued a directive instructing banks and various financial institutions to apply a 0.5 percent levy on electronic transfers for cybersecurity measures. This mandate was communicated through a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the director of financial policy and regulation,…
The Canadian Immigration Minister, Marc Miller on Monday made an announcement which unveiled a new provision granting international students the opportunity to engage in off-campus employment for a maximum of 24 hours per week, effective from September onwards. This update comes following the temporary suspension of the 20-hour work limit imposed on international students amid the…
The Minister of Power, Mr. Adebayo Adelabu, emphasized that the Federal Government necessitates an annual allocation of $10 billion over the course of the next decade to rejuvenate the nation’s power sector and mitigate the persistent liquidity challenges. He further underscored the impracticality of such a financial commitment within the current fiscal framework of the…
The Central Bank of Nigeria has issued directives preventing several microfinance institutions, including Moniepoint, Opay, and Kuda, from initiating the process of opening new accounts and welcoming fresh clientele. This decision stems from allegations suggesting that these institutions have been implicated in activities involving the channeling of cryptocurrency transactions and exerting undue influence on the…
The Economic and Financial Crimes Commission (EFCC) contemplates prosecution of 300 Forex Racketeers engaged in Peer-to-Peer Trading beyond Regulatory Bounds. In a recent interactive session with editors and bureau chiefs in Abuja, EFCC Chairman Ola Olukoyede hinted at potential prosecution proceedings against approximately 300 individuals involved in forex racketeering via a peer-to-peer platform, circumventing financial…
The European Commission is poised to potentially enact the suspension of TikTok’s Lite rewards program, a feature that compensates users for their time spent on the platform, as early as this Thursday. Commissioner Thierry Breton has criticized the program as “toxic and addictive,” particularly when utilized by underage individuals. He said: “We stand ready to…
Premier League outfit Crystal Palace has officially thrown their hat into the ring for the coveted signature of Raphael Onyedika, adding their name to the growing list of admirers for the talented forward. Onyedika’s stellar performances for Club Brugge in the highly competitive Belgian Pro League have not gone unnoticed, drawing attention from several elite…
Dangote Petroleum Refinery has recently announced another notable reduction in the prices of both diesel and aviation fuel, now offering them at N940 and N980 per litre respectively. This decision follows closely on the heels of their previous reduction to N1,000 just a fortnight ago. The revised price of N940 is applicable to customers purchasing…
Nigerian controversial cross-dresser, Okuneye Idris Olanrewaju, predominantly known as Bobrisky has initiated an appeal process against the recent six-month imprisonment verdict handed down by the Federal High Court in Lagos. This conviction of the controversial social media personality, stems from charges related to the alleged abuse of the Nigerian currency, the naira. Represented by his legal…
