Diamond Celebrities

Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, says the plan to increase Value Added Tax from five per cent to 7.5 per cent is in the right direction to raise country’s revenue. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee meeting held in Abuja. He said the government […]

After President Donald Trump was photographed with wads of dollar bills sticking out of his back pocket, the American leader has explained why he carries raw cash instead of using a credit card. While boarding Air Force One during a fundraising trip through California, President Trump was photographed with multiple $20 bills visible in his […]

Global rights group, Amnesty International has lambasted the Federal government for charging Sahara Reporters publisher, Omoyele Sowore, with treason and insulting the President. AI, in a series of tweets on Saturday, described the move as dictatorial and unwarranted. It called on the government to immediately release him and drop all the charges. It said, “Amnesty […]

The Central Bank of Nigeria on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system. The CBN Governor, Mr Godwin Emefiele, said this while briefing journalists shortly after the Monetary Policy Committee meeting. He said that contrary to claims in some quarters that […]

The Nigerian Government on Friday filed seven counts of treasonable felony and money laundering against the Convener of #RevolutionNow protest, Mr. Omoyele Sowore. Sowore, publisher of SaharaReporters and a presidential candidate in the February 2019 presidential election is charged along with Olawale Bakare, also known as Mandate. The charges were signed on behalf of t‎he […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]