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Crypto ban: CBN chief honours National Assembly invitation

Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

NIRSAL: We facilitated N148 billion in agricultural investments in 2020

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) says it made available over N30 billion to the country’s agricultural value chains in the last 13 months. NIRSAL’s Managing Director, Aliyu Abdulhameed, who said...
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

NESG urges Nigerian government to study, check excesses in crypto-currencies

The Nigeria Economic Summit Group (NESG) has called on the Federal Government to carry out comprehensive study on the workings of cryptocurrencies to check financial excesses.
An umbrella body for the 61 investors that secured different development lease agreements from the Federal Government through the Ministry of Industry, Trade and Investment and Trade Fair Management Board have petitioned the government against the planned concession of the Lagos International Trade Fair complex on Lagos Badagry Expressway.

Investors kick against concession of Lagos Trade Fair complex

An umbrella body for the 61 investors that secured different development lease agreements from the Federal Government through the Ministry of Industry, Trade and Investment and Trade Fair Management Board have petitioned the government against the planned concession of the Lagos International Trade Fair complex on Lagos Badagry Expressway.

SEC: Cryptocurrency market worth $2 trillion, it can’t be ignored

The Head of Department, Registration, Exchanges, Market Infrastructure and Innovation Department of SEC, Timi Agama, disclosed this during a virtual lecture organised by the Association of Capital Market Academics of Nigeria (ACMAN) in Abuja on Sunday.
The central bank set the indicative rate at 375 pounds to the dollar, several commercial banking sources said, from a previous official rate of 55 pounds. Recently, the dollar traded at between 350 and 400 Sudanese pounds on the black market.

Sudan sharply devalues currency as it aims for debt relief

Sudan’s central bank sharply devalued the country’s currency on Sunday, announcing a new regime to “unify” official and black-market exchange rates.
Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.

World Remit aligns with CBN on new dollar account opening

Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
Babagana Umara Zulum

Borno government seals off three banks

Borno state government has sealed three national banks for not updating their property records in different locations in Maiduguri metropolis.
3. Former Chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Maina at the federal high court after his extradition from Niger on Friday. Photo by Gbemiga Olamikan.

Court fixes date to rule on Abulrasheed Maina’s fresh bail request

The Federal High Court in Abuja, on Friday, slated February 25 to rule on fresh application the former chairman of the defunct Pension Reform Taskforce Team, Abulrasheed Maina, who is facing money laundering charge, filed to be released on bail pending the conclusion of his trial.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate move to stop casualisation of Nigerian graduates

Mr. Akinyelure said the issue of employing graduates as casual workers raised a concern, as “more workers continue to groan under this immoral strategy of cutting costs by employers rendering them inferior to their counterparts in other countries of the world.”

How ICPC is combating corruption in MDAs, stopped diversion of N189 billion personnel cost

In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service.
The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate begins work on bill to prohibit casual jobs for graduates in Nigeria

The Senate, on Thursday, considered a bill seeking to stop employers in the private and public sectors from engaging employable Nigerian graduates as casual workers.
Ehingbeti, the Lagos Economic Summit scheduled to hold from next Tuesday to Thursday, is living-up to its repute as Africa’s most practical and result-oriented private sector-led forum for socio-economic and infrastructural development.

Ehingbeti summit: Lender pledges funding for SMEs

First Bank of Nigeria and other private sector firms have pledged to support the Small and Medium-scale Enterprises (SMEs) as it is critical in sustaining economic growth.

IMF endorses CBN’s policy on cryptocurrency, seeks FX rates unification

The International Monetary Fund (IMF) has expressed its support for the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.

Nigerian court blocks Shell’s accounts over ‘oil theft’

The Federal High Court in Lagos has granted an interim mareva injunction directing commercial banks to block Shell Petroleum Development Company of Nigeria Ltd accounts.

Court acquits couple accused of operating illegal bank

A Federal High Court in Enugu, on Wednesday, discharged and acquitted Patrick Okike and his wife, Rosemary, of allegations of operating an illegal bank.

ICPC uncovers budget fraud in federal MDAs

An investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Wednesday said it has uncovered deep-seated corruption bordering on budget manipulation by various Ministries, Departments and Agencies (MDAs).
The Justice Department unsealed charges Wednesday for three North Korean computer programmers accused of conspiring to extort over $1.3 billion from banks and other businesses across the globe, as first reported by The Washington Post.

US announces charges against North Korean hackers for sweeping hacking scheme

The Justice Department unsealed charges Wednesday for three North Korean computer programmers accused of conspiring to extort over $1.3 billion from banks and other businesses across the globe, as first reported by The Washington Post.

Lekki estate landlords sue AMCON over ‘disregard’ for court orders

Residents and landlords of Victory Park Estate, Lekki, Lagos State, have accused the Asset Management Corporation of Nigeria AMCON, of harassment over their property despite pending court cases and orders.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

NIRSAL facilitates N148 billion into agric sector

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL PLC) has facilitated over N148 billion in finance and investments for agriculture and agribusiness.

Police repel bank robbery attempt in Delta

An attempt by suspected armed robbers to attack a new generation bank along the Market Road in Ughelli, Delta State, yesterday, was foiled.
Nigerian Disc Jockey, Catherine Udeh aka ‘DJ Switch,’ has kicked against the decision of the Lagos State Judicial Panel of Enquiry and Restitution for Victims of SARS to hand over the Lekki toll plaza to its owner, the Lekki Concession Company LLC

LCC: Why we need to reopen Lekki Tollgate

The Lekki Concession Company (LCC) said the company needs to reopen the Lekki Tollgate to be able to retain its staff and pay pending debts.

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As total coronavirus infections in Nigeria hit 24,077, the Nigeria Centre for Disease Control, NCDC has warned against abandoning face masks in favour of face shields.

NCDC activates Ondo state public health laboratory to its network

The Nigeria Centre for Disease Control (NCDC) says it has activated the inclusion of the Ondo State Public Health Laboratory to its Molecular Laboratory Network in the country.
The Federal High Court sitting in Uyo, Akwa Ibom State

Fraud: Court disqualifies lawyer as defence witness

The trial-within-trial of a suspected serial fraudster, Scales Ishola Olatunji was cut short on Thursday following a ruling by Justice Agatha Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State which disqualified one Peter Mba from giving his testimony as a defence witness in the matter.
Senate Chief Whip, Orji Kalu with Niger State Governor, Abubakar Sani-Bello...

Senator Kalu urges Nigerian government to set up joint security committee

Senate Chief Whip, Orji Kalu, has called on federal government to set up a joint committee of representatives of all security forces to help existing commands to fast-track the release of the abducted students in Niger.
The Customs Area Controller, Apapa Command, on Thursday disclosed the seizure of tramadol, used clothing and others with a Duty Paid Value of N223m.

Customs seizes tramadol, used clothing, others worth N223 million in Lagos

The Customs Area Controller, Apapa Command, on Thursday disclosed the seizure of tramadol, used clothing and others with a Duty Paid Value of N223m.
The Lagos State Government on Sunday noon announced the reopening of Third Mainland Bridge earlier than 7 pm scheduled time.

Minister: Third Mainland Bridge will be totally reopened ‘this weekend’

Minister of Works and Housing, Mr Babatunde Fashola, said on Thursday that the Third Mainland Bridge in Lagos undergoing repairs, would be totally reopened to traffic ‘’this weekend’’.

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The state Commissioner for Information and Strategy, Mr. Gbenga Omotoso, said in a statement that the palliative entailed the cutting and removal of asphalt as well as the placement of a steel plate on the affected parts of the bridge.

Lagos completes palliative works on Eko bridge

The Lagos State Government has announced that the palliative intervention on Eko Bridge it embarked upon in support of the federal government’s efforts to replace the eight expansion joints on the highway has been completed.
American golfing icon Tiger Woods has been taken to hospital with what reports called “multiple leg injuries” after his car somersaulted in a crash.

Tiger Woods suffers ‘multiple leg injuries’ in car crash

American golfing icon Tiger Woods has been taken to hospital with what reports monitored by newsmen called “multiple leg injuries” after his car somersaulted in a crash.
The allegation of marginalisation against Governor Udom Emmanuel by the Oro Think Tank is unfair and has no basis in objectivity, the Akwa Ibom State branch of the Civil Liberties Organisation, CLO, has declared.

CLO: Oro Think Tank’s marginalisation allegation against Akwa Ibom governor unjustified

The allegation of marginalisation against Governor Udom Emmanuel by the Oro Think Tank is unfair and has no basis in objectivity, the Akwa Ibom State branch of the Civil Liberties Organisation, CLO, has declared.
The Enugu Electricity Distribution PLC (EEDC) has cautioned residents of South-East against activities of scammers and unscrupulous individuals who are already taking advantage of the just commenced National Mass Metering Program (NMMP) to customers.

EEDC to embark on mass disconnection in Southeast

The Enugu Electricity Distribution Company (EEDC) said it will embark on mass disconnection of customers that have defaulted in payment of their electricity bills within the South East.
United Nation’s Children Fund (UNICEF)

Oyo seeks renewed support from UNICEF on strategic nutrition plan

Oyo State government has called on the United Nations International Children’s Emergency Fund (UNICEF) to renew its effort at partnering the State towards achieving enhanced economic growth for its citizens.