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Police operatives from Utako police divisional Headquarters have arrested a couple involved and one other in ‘one chance’ robbery. The trio of Chukwudi Okorie ‘m’ 51 yrs, Chibuzor Okorie ‘f’ 43 yrs both husband and wife and Esther Gabriel ‘f’ 38 yrs all residents of Akaraka Gwagwa, FCT, in connection with series of robbery, specifically […]

CBN Sacks UBN, Keystone, Polaris, Titan Trust Bank Board of Directors The Central Bank of Nigeria (CBN) has sacked the boards of Union Bank (UBN), Polaris Bank, Keystone Bank and Titan Trust Bank, according to a statement released late evening on Wednesday. The apex bank in a statement signed by its Acting Director of Corporate […]

NIS Plans International Passports for All Nigerians Nigeria Immigration Service (NIS) has said that all Nigerians are expected to have international passports as a means of identification, both within and outside the country. The Comptroller of Immigration, Kwara Command, Mr Aminu Shamsuddin, stated this at a news briefing in Ilorin of Wednesday. Shamsuddin said that […]

Nigerian Customs Vows to End Petroleum Products Smuggling The Nigerian Customs Service (NCS) has expressed commitment to end petroleum products smuggling in 2024. The Comptroller General (C-G) of NCS, Mr Adewale Adeniyi, also said that the service would block all attempts to smuggle weapons and other contraband into the country. Adeniyi made this known on […]

Access Bank Acquires Fintech Platform Woven Finance Access Bank Plc’s fintech arm, hydrogen, has taken over Woven Finance, a digital payment company that has announced its decision to discontinue its services. The decision, communicated to customers via email on Wednesday morning, cites a thorough analysis of current market dynamics and their impact on Woven Finance’s […]

IMF Organises Training for Fiscal Responsibility Commission The Fiscal Responsibility Commission (FRC) on Wednesday inaugurated a two-week capacity development training support organised by the International Monetary Fund (IMF) in Abuja. The Chairman of FRC, Victor Muruako, said that the training would enable the commission to do more to support the management of the economy under […]

Nigerian Exchange Loses N639bn as Investors Book Profit The equities segment of the Nigerian Exchange (NGX) plunged by about N639 billion as investors booked early profit from recently rallied stocks across indices, data from the local bourse revealed. The Exchange experienced its first decline in 2024 after large gains due to an unusually strong rally […]

US Dollar Falls, Eurozone Economy Slips to Recession The US dollar declined against its major trading partners early Wednesday, except for a gain versus the yen, ahead of the release of wholesale inventory and sales data for November and weekly oil stocks data. A quick summary of foreign exchange activity heading into Wednesday showed that […]

Energy: EIA Sees Growth in US Solar Power Generation Solar power is expected to account for 7% of the country’s total electricity generation in 2025, up from 4% in 2023, the US Energy Information Administration (EIA) said in its January Short-Term Energy Outlook released Tuesday. Developers have reported that almost 80 gigawatts of solar will […]

Ghana’s Inflation Rate Slides to 23.2% ACCRA: Ghana’s annual inflation rate has declined for the 5th straight month to 23.2% in December 2023, the statistics office said in a report. This slowdown came as Accra initiated an economic policy to stem inflation rate pressure in the country. Headline inflation in Ghana printed at 26.4% in […]Read More

Kuda Launches PoS Terminals for Businesses Fintech Company, Kuda, has announced the launch of its Point of Sale (PoS) terminals for businesses.  The company’s Co-Founder and CEO, Babs Ogundeyi says Kuda’s successful pilot programme and the subsequent launch of the Kuda PoS terminal are in line with the growing interest and competition in Nigeria’s merchant-acquiring […]

The President of the Nigerian Bar Association (NBA), Mr. Yakubu Chonoko Maikyau SAN, has set up two key committees to organize the Annual General Conference (AGC) 2024 and review lawyers’ fees. In separate statements on Tuesday, NBA announced the appointment of Mrs Oyinkansola Badejo-Okusanya as Chairperson of the 2024 AGC Planning Committee with Amina Sulieman […]