CBN stops the use of foreign currency collateral for Naira loans
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for naira loans, with exceptions to foreign currency collateral which are Eurobonds issued by the Federal Government or guarantees of foreign banks, including Standby Letters of Credit. According to the new regulation directed to all banks by CBN’s Acting Director of […]
JUSUN Ogun branch to embark on an indefinite strike
The Judiciary Staff Union of Nigeria (JUSUN), Ogun Branch, says it will embark on an indefinite strike from today Monday. A statement issued and jointly signed in Abeokuta on Sunday by the JUSUN Chairman, Ajiboye Olanrewaju, and the Publicity Secretary, Mr Adewale Adenekan, says the strike is to protest the non-payment of the 40 per […]
Nigerian Senate postpones resumption
The Nigerian Senate has postponed its resumption earlier scheduled for Tuesday, April 16, till Tuesday, April 23, 2024, citing “unforeseen circumstances”. Senate Clerk Chinedu Akubueze disclosed the development in a message sent to the Senators at the weekend. The two Chambers of the National Assembly had suspended legislative session to observe the Easter and Sallah […]
FG declares public holidays to mark Eid-el-Fitr celebration
The Federal Government has declared tomorrow Tuesday, April 9 and Wednesday, April 10, as public holidays to mark the Eid-el-Fitr celebration. Minister of Interior, Dr Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated all Muslim Ummah for the successful completion of the fasting. Tunji-Ojo called on Muslim Ummmah to imbibe […]
President Tinubu arrives Lagos ahead Eid-el-Fitr celebration
President Bola Tinubu has arrived Lagos State to celebrate Eid-el-Fitri, which signifies the end of Ramadan. The President’s aircraft touched down at 4.30 p.m. at the Presidential wing of the Murtala Muhammed Airport, Ikeja. Tinubu was received by the Lagos State Governor, Mr Babajide Sanwo-olu and some of his cabinet members. He is expected to […]
Pelumi Nubi Finally in Lagos After a 68-Day Solo Drive from London
After conquering the vast West Sahara desert and traversing a string of West African countries, Pelumi Nubi, a UK-based Nigerian global traveller and travel content creator has finally arrived in Lagos after completing an epic solo road drive from London. Fueled by a desire to inspire others and showcase the beauty of Africa, Pelumi embarked on this […]
President Tinubu directs release of funds for vaccines purchase
President Bola Tinubu has called on Gavi, the Vaccine Alliance, to collaborate with potential Nigerian vaccine manufacturers to ensure equitable access to life-saving vaccines for children and adults. Speaking at a meeting with a delegation of GAVI led by its Chief Executive Officer, Dr. Sania Nishtar, at the State House, on Thursday, President Tinubu said […]
Ondo State Governorship Race Heats Up as Bigwigs Submit Nomination Forms
Ahead of the Ondo State Governorship election, three prominent figures, including the incumbent Governor Lucky Ayedatiwa, Senator Jimoh Ibrahim, and Financial Strategist Wale Akinterinwa, have officially submitted their nomination and expression of interest forms. Addressing the media at the All Progressive’s Congress (APC) National Secretariat yesterday in Abuja, Senator Jimoh Ibrahim unveiled innovative security proposals, […]
South Africa Speaker charged with 12 counts of corruption
South Africa’s ex-Speaker of Parliament Nosiviwe Mapisa-Nqakula has been charged with 12 counts of corruption and one count of money laundering. She made her first court appearance after handing herself over to a police station this morning. The politician is accused of soliciting bribes in return for awarding contracts during her time as defence minister. […]
Man receives kidney transplant from a pig
The first man to receive a genetically modified kidney transplant from a pig has been discharged from hospital. The 62-year-old, Richard “Rick” Slayman of Weymouth – Massachusetts, was sent home on Wednesday, two weeks after the ground-breaking surgery at Massachusetts General Hospital (MGH). Organ transplants from genetically modified pigs have failed in the past, but […]
