Cryptocurrency has become a widely acceptable means of payment with greater capacity and faster settlement than other traditional financial structures. It is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Cryptocurrency market was started by … [Read more…]
A new Central Bank of Nigeria directive, dated February 5, 2021, has ordered all deposit money banks, non-bank financial institutions and other financial institutions that have opened windows for dealing in cryptocurrencies or facilitating payments for such currencies to close them down. It also demands that “persons and/or entities transacting in or operating cryptocurrency … [Read more…]
Policemen from the Akodo Police Station have recovered the body of one Wale Kalejaiye, who went missing during an attack on police personnel in the Akodo area of Ibeju-Lekki, Lagos State. It was gathered that the policemen recovered his corpse around 11pm on Friday from a beach in the Magbon Segun community, … [Read more…]
The Central Bank of Nigeria (CBN) on Sunday said Nigeria is not the only country where Cryptocurrency is outlawed. It explained that many other countries, central banks, international financial institutions, and investors and economists have also warned against its use. They include China, Canada, Taiwan, Indonesia, Algeria, Egypt, Morocco, Bolivia, Kyrgyzstan, Ecuador, Saudi … [Read more…]
All Progressive Grand Alliance (APGA) has won Saturday by-election into the House of Representatives seat for Magama/Rijau Federal Constituency in Niger State. APGA defeated the ADC and the People’s Democratic Party (PDP) in the result released by the Independent National Electoral Commission (INEC). The party candidate, Salihu Salleh, polled 22,965 votes to beat … [Read more…]
Ebonyi Crises: Government Officials Alleged to Instigate Crises in their Communities. As State Government assures of calm. By Arizona James. Since the controversial defection of Ebonyi State Governor from the Peoples Democratic Party to the All Progressives Congress, Ebonyi State has not known real peace. Many people’s opinion about the Governor portray … [Read more…]
Press Release 5/2/2021 Timi Frank faults nomination of ex-Service Chiefs as Ambassadors …Says Buhari rewarding incompetence Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Friday, rejected the nomination of the immediate past Service Chiefs for appointment as non-career Ambassadors The President, Major General Muhammadu Buhari (Rtd) had in … [Read more…]
Popular Yoruba rights activist, Sunday Adeyemo, well known as Sunday Igboho, has said the Ooni of Ife, Oba Adeyeye Ogunwusi, disappointed the Yoruba people when he visited the President, Major General Muhammadu Buhari (retd.), of recent over the herdsmen crisis rocking the South-West region. The activist stated this on Wednesday morning at … [Read more…]
Former General Secretary of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori has added his voice to the contentious issue of which zone would produce the next president after President Muhammadu Buhari in 2023. He spoke on that and more in this interview. There have been calls … [Read more…]
The Deputy Speaker of the House of Representatives, Ahmed Wase, on Tuesday said he sacked one of his legislative aides over alleged fraud. This was made known by his Chief Press Secretary, Umar Puma, in a statement on Tuesday titled, ‘Wase replaces Legislative Aide.’ The Chief of Staff to the Deputy Speaker was quoted … [Read more…]
Justice E. A Obile of the Federal High Court sitting in Port Harcourt, Rivers State on Tuesday sentenced one Sa’adu Isa to two years in prison for dealing in petroleum products without licence. Isa was given summary judgement after he pleaded guilty in the case brought against him by Economic and Financial Crimes … [Read more…]
A former governor of Abia State and Senate Chief Whip, Orji Uzor Kalu on Tuesday asked a Federal High Court in Abuja to stop the Economic and Financial Crimes Commission from prosecuting him on the same offence of allegedly laundering N7.1 billion. According to him, having been tried once by EFCC, convicted … [Read more…]