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Reps ask Central Bank of Nigeria to suspend cashless policy implementation

The house of representatives has asked the Central Bank of Nigeria (CBN) to hit the brakes on the implementation of the cashless policy it recently re-introduced. At the plenary session on Thursday, the lower legislative chamber said the policy will lead to a significant decrease in credit extension by Nigerian money deposit banks. The lawmakers […]

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Nigeria to spend N100 billion on new plan for cattle, other animals

The Nigerian government has adopted National Livestock Transformation Plan. It says the plan is not targeted at only cattle but the entire animal husbandry sector in the country. Under the plan, N100 billion will be spent with the federal government contributing 80 per cent in grant, while states will contribute land, project implementation structure, personnel […]

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Xenophobic attacks: Nigerians boycott trips to South Africa

There are strong indications that many Nigerians have been shunning trips to South Africa  in the last two weeks. Punch gathered on Thursday that since the latest xenophobic attacks on Nigerians by South Africans, many travellers had been boycotting  trips to the former apartheid enclave. Also on Thursday, the House of Representatives described the Minister […]

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President Buhari leaves for New York

President Muhammadu Buhari will depart Abuja Sunday for New York, United States to participate in the 74th Session of the United Nations General Assembly (UNGA74) which opened on Tuesday, September 17. The President’s participation at this year’s gathering of world leaders is particularly significant as it coincides with Nigeria’s Presidency of UNGA. On June 4, […]

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Nigeria approaches World Bank for fresh $2.5bn loan

The World Bank has said that it is in talks with Nigeria for a fresh loan of $2.5bn. This is despite a $2.4bn loan obtained by Nigeria in 2018. The Vice-President for the African division of the World Bank, Hafez Ghanem, said this during an interview with Bloomberg on Wednesday. Ghanem said, “We’re talking about a new […]

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Couples flogged for displaying affection in public

A trio of canoodling couples was publicly flogged in Indonesia’s Aceh province on Thursday, charged with breaking local Islamic law that outlaws public displays of affection. Despite international condemnation, whipping is a common punishment for a range of offences in the deeply conservative region on Sumatra island, including gambling, drinking alcohol, and having gay or […]

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63-year-old senator arrested on child pornography charges

A Pennsylvania state senator arrested on charges of child pornography resigned Wednesday. Sen. Michael Folmer, 63, was charged with sexual abuse of children, possession of child pornography, and criminal use of a communication facility after child pornography images were found on his phone, Pennsylvania Attorney General Josh Shapiro announced Tuesday. On Wednesday, Gov. Tom Wolf […]

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Couple jailed for spending money wrongly deposited in bank account

A court in south India has sent a couple to jail after finding the husband-wife duo guilty of spending four million Indian Rupees (about 57,150 dollars) wrongly credited to their bank account in 2012. English daily The Times of India reported on Wednesday that seeing it as a “windfall,” the couple withdrew the money within […]

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Customers to pay more for PoS transactions

Bank customers are to pay more for Point of Sale (PoS) transactions. This follows a Central Bank of Nigeria’s directive to banks to charge N50 Stamp Duty on individual transactions. The directive on the Unbundling of Merchant Settlement Amounts was contained in the CBN circular to banks, processors and switches, titled: “Review of Process for […]

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Xenophobic attacks: Reps ask Buhari to honour Air Peace boss

The House of Representatives on Wednesday held a session in honour of the Chairman of Air Peace, Mr Allen Onyema, for the free air services offered by his airline to the Federal Government for the evacuation of Nigerians in South Africa. The Nigerians were evacuated from South Africa over xenophobic attacks in that country. Also, […]

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Buhari sacks Head of Service, Oyo-Ita

President Muhammadu Buhari has approved the appointment of Dr. Mrs. Folashade Yemi-Esan as the Acting Head of the Civil Service of the Federation with immediate effect. Dr. Mrs. Yemi-Esan, who is the Permanent Secretary, Ministry of Petroleum Resources takes over from Mrs. Winifred Ekanem Oyo-Ita, who has been directed to proceed on an indefinite leave […]

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Buhari accepts South Africa’s apology for xenophobic attacks

President Muhammadu Buhari on Monday accepted South Africa President Cyril Ramaphosa’s apology to Nigeria over the persistent xenophobic attacks against Nigerians. The President, who described the attacks and violence as “very unfortunate”, assured that the relationship between the two countries “will be solidified”. President Buhari received President Ramaphosa’s Special Envoys – Dr. K. Mbatta and […]

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IPOB can’t attack me outside Nigeria, says Ngige

The Minister of Labour and Employment, Dr Chris Ngige, has said members of the Indigenous People of Biafra cannot attack him outside Nigeria. He stated this in Obosi, Anambra State against the background  of reports that IPOB members  had threatened to attack politicians of the South-East geopolitical zone if they were sighted anywhere outside the […]

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Central Bank of Nigeria imposes fees on deposits, withdrawals

The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that implementation of the policy would signal the imposition of charges on deposits in addition to […]

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Nigerian man loses wife, three children in freaky accident

A man from Benue state, Tarvershima Jebe, on Sunday lost his wife and three children in an auto-accident which happened at Unguwan Ciyawa in Eggon Local Government Area of Nasarawa state while on their way to Makurdi from Abuja. Jebe’s loss consisted of his wife, a son and two daughters among the 13 people reported […]

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Again, Nigerian government, labour disagree over minimum wage

The new N30,000 National Minimum Wage has suffered another setback following minor changes at the end of the committee meeting held in Abuja, on Monday. At the end of the Joint Public Service Negotiating Council (JNPSNC) meeting which was chaired by the Head of service of the federation, Winifred Oyo-ita, Daily Trust reporter learnt that […]

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Despite the kidnappings, IGP says Abuja is one of the world’s safest cities

Mohammed Adamu, inspector-general of police (IGP), says Abuja is one of the safest cities in the world. Adamu said this on Monday in reaction to reported cases of kidnapping in the federal capital territory in the past 48 hours. At least five persons were reportedly kidnapped in the city at the weekend. One of the victims was […]

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South Africa apologises to Nigeria over xenophobic attacks

President Cyril Ramaphosa of South Africa has apologised to Nigeria over the xenophobic attacks on Nigerians in his country. Jeff Radebe, a special envoy from South Africa, tendered an apology on behalf of the government and people of the country to President Muhammadu Buhari at the state house in Abuja on Monday. Radebe apologised on […]

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