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A new Senate bill meant to eliminate the current barriers hindering private sector investment in the power value chain passed second reading on the floor of the red chamber on Tuesday. It was titled, ‘Electricity Bill 2021.’ The sponsor, Senator Gabriel Suswan, said that when passed, the proposed legislation will attract the funds … [Read more…]
A Federal High Court sitting in Awka, Anambra State, and presided over by Justice N.O. Dimgba, has ruled as discriminatory the cashless policy of the Central Bank of Nigeria on six states of the federation and the Federal Capital Territory. The states are Anambra, Abia, Lagos, Ogun, Kano and Rivers This followed … [Read more…]
A vehicle conveying tomatoes and vegetables was, yesterday, set ablaze by persons suspected to be enforcing IPOB’s sit-at-home order in Enugu. The attack at Edem junction, Ibeagwa Nike, Enugu East Local Government Area, involved a truck suspected to be coming from the northern part of the country. Sympathisers were said to … [Read more…]
The Central Bank of Nigeria’s eNaira website has gone live ahead of the October 1 official launch. According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides a unique form of money denominated in Naira.” Find out what makes the eNaira different from the money in your bank account … [Read more…]
Continuous violence and wanton killings in the Southeast have been described by Ohanaeze Ndigbo as a systematic destruction of the geo-political zone. In a strong-worded statement on the security situation in the five states of Enugu, Ebonyi, Anambra, Abia and Imo, Ohanaeze called on the proscribed Indigenous Peoples of Biafra (IPOB) to facilitate … [Read more…]
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele , has estimated that the nation would require about $10 billion annually to fix the nation’s dilapidated infrastructure to rejuvenate the economy. Emefiele, who stated this in his address at the Finance Correspondents Association of Nigeria (FICAN) 2021 annual conference and 30th anniversary … [Read more…]
Labour and Employment Minister Chris Ngige has attributed Nigeria’s worsening insecurity to unemployment and underemployment. He urged the elites, particularly employers of labour, to address the twin problems so that peace and security could prevail across the land. Ngige spoke yesterday in Abuja while hosting the national officers of the Independent Petroleum … [Read more…]
Rivers State Governor, Nyesom Wike, has expressed regrets that 61 years after independence, Nigeria is still grappling with leadership challenge. He pointed out that because of such leadership failure, Nigeria is now at a point in its history needing God more than ever. He made the assertion at the interdenominational … [Read more…]
With a few days to the official launch of the Central Bank Digital Currency (CBDC), eNaira, in partnership with Bitt Inc, Nigerians are anxiously waiting to experience a new banking product touted to be a game changer on the local business landscape. When the Director of Information Technology, Central Bank of Nigeria (CBN), Rukiya … [Read more…]
No fewer than 3,964 Nigerians are currently on the watch list of the Nigeria Immigration Service. The names of the affected individuals, it was gathered, have been placed with security agencies at the nation’s international airports where they will be arrested on sight. According to the 2020 NIS annual report suspect index, 308 … [Read more…]
E-transmission of Election Results; National Assembly stopping process-INEC Nigeria’s electoral umpire, INEC, has again said it has put all structures in place for electronic transmission of results. The Independent National Electoral Commission (INEC) says it would electronically transmit elections results “if the choice was up to INEC”, reiterating that it has over the years put … [Read more…]
Armed Drones Making A Strong Entrance In Nigeria’s Anti-Terror Campaign The military campaign against terror groups in Nigeria is set to gradually enter a phase that will be associated with the increasing use of manned aircraft and Unmanned Aerial Vehicles (UAVs) for intelligence gathering and targeted airstrikes. The recent acquisitions of UAVs, commonly known as … [Read more…]