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Bitcoin Drops by 10% to $67K as Crypto Rallies Retrace The market prices of largest digital asset bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally. Traders signals showed that crypto prices could fall further even as traders remain bullish on the outlook. Huge volume of […]

Undersea Cable Cuts Disrupt Telecom Services Across W/Africa –NCC The Nigerian Communications Commission (NCC) says a combination of cable cuts, resulting in equipment faults on the major undersea cables along the West African Coast, have negatively impacted data and fixed telecom services in several countries of West Africa. A statement in Abuja on Friday by […]

T-Bills Yield Declines after Unmet Bids at CBN Auction As investors took lost bids to secondary market, the average yield on Nigerian Treasury bills declined moderately to 18.7% following Central Bank reduce allotment at primary market ahead of inflation figure for February 2024. The statistics office is expected to release a consumer price index report […]

Banks Must Not Use FX Gains to Pay Dividends – CBN The Central Bank of Nigeria (CBN) has maintained its position that deposit money banks must not use foreign currency gains recorded in 2023 to pay dividends or offset operating expenses. Following the devaluation of the naira in June, banks posted higher earnings performance, driven […]

Nigeria Generates N1.20trn as VAT Income in Q4 2023 The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N1.20 trillion in Q4 2023. This is according to the VAT Q4 2023 report released in Abuja on Thursday. The report shows a growth rate of 26.61 per cent on a […]

FG Releases N100bn Consumer Credit Fund to Manufacturers The Federal Government (FG) says it will provide the sum of N100 billion through a consumer credit fund to support the manufacturing sector. Minister of Budget and Economic Planning, Sen. Atiku Bagudu, said this while briefing newsmen on clarifications on the implementation of 2024 Appropriation Act, in […]

The Nigeria Customs Service (NCS), Tin-Can Island Customs Command on Friday said its officers at different periods since January 2024 till date intercepted 11 Rifles and six Pistols, including their ammunition alongside banned drugs in different containers at the Tin-Can Island Port. Addressing newsmen in Lagos, the Customs Area Controller of Tin-Can Customs Command, Comptroller […]

The National Judicial Council (NJC) has issued a stern warning over an emerging scam targeting retired judges in Nigeria. According to a statement released by the council, some unscrupulous individuals have been placing phone calls to retired judicial officers demanding illegal payments to expedite the processing of their retirement benefits. “The National Judicial Council by […]

As Nigeria continues to seek solutions to the rising crisis of insecurity, Daniel Bwala, former spokesperson of the Atiku presidential campaign, has said the real perpetrators of the kidnappings and insecurity crisis in Nigeria are individuals in white collars, government agencies and other financial and business interests. Bwala in an interview with ARISE NEWS on […]

*Say President’s Actions Driven By Pre-existing SPIDEL Dispute The Nigerian Bar Association (NBA) Representatives to the General Council of the Bar (GCB) have written to the Trustees of the NBA, addressing the alleged false accusations and misrepresentations made against them by the NBA President, Yakubu C. Maikyau, OON, SAN, during the NBA National Executive Council […]

Tinubu also appointed Alhaji Tijani Hashim Abbas as Senior Special Assistant to the President on Chieftaincy Matters. Both appointments were announced in a statement on Friday evening by Special adviser to the President on Media and Publicity, Ajuri Ngelale. “President Bola Tinubu has approved the appointment of Brigadier-General Lawal Ja’afar Isa (Rtd) as Executive Secretary […]