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Central bank to punish banks for forex infractions

This is even as the apex bank sustained its intervention in the various sectors of the inter-bank foreign exchange market with the injection of $545m.

Central bank pumps $9.96bn into FX market in 6 months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its aggressive interventions in February this year.

BDCs allege banks benefit from their losses

Bureau De Change (BDC) operators have said they are badly affected by the trending “uncompetitive rate”, which comes as the Central Bank of Nigeria (CBN) sells dollars to them at higher rate compared to what it sells to commercial banks.

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Man arraigned for stealing 500 bags of cement

A middle aged man, Folorunsho Omoniyi, has been arraigned before an Osogbo Magistrate Court for allegedly stealing 500 bags of cement worth about N2 million.

Niger floods leave thousands homeless

The Interior Ministry in Niger said flooding had killed at least 56 people since the rainy season began in the country in June and left over 185,000 homeless.

UN’s Antonio Guterres warns against North Korea war

UN Secretary-General Antonio Guterres has warned world leaders against war with North Korea, calling on them to take the threat of "nuclear peril" seriously.

Aviation unions seek involvement in airports concession process

Two unions in the aviation sector have expressed dissatisfaction over their non-involvement in the ongoing plan to concession the Lagos and Abuja airports.

Era of corruption, impunity over – Magu

The Acting Chairman, Economic and Financial Crimes Commission, Ibrahim Magu, on Tuesday described corruption as the single biggest challenge facing Nigeria.

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Fed govt to block IPOB funding sources

The Federal Government says it is aware of sources of funding of the Indigenous People of Biafra (IPOB) and is taking steps to block them.

Ganduje urges fed govt to probe clashes in Rivers, Abia

Kano State Governor, Abdullahi Umar Ganduje, has urged the Federal Government to investigate the Tuesday clashes between soldiers and members of the Indigenous People of Biafra (IPOB), in parts of Rivers and Abia states.

Oni decries rising cases of social vices in Nigeria

Chief Segun Oni, the Deputy National Chairman (South) of the All Progressives Congress (APC) and Ekiti State Governorship Aspirant, has condemned the rising cases of human trafficking, ritual killing and rape in Nigeria.

Gastroenteritis: 18 people die, 198 hospitalised in Kebbi

An outbreak of gastroenteritis has killed 18 people at Dole-Kaina in Dandi Local Government Area of Kebbi State.

Wike condemns attack on Oyigbo, cautions IPOB members

The Rivers State Governor Nyesom Wike has condemned the attack on residents of Oyigbo by suspected members of the Indigenous People of Biafra (IPOB).