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Pope Francis in his Christmas message on Christmas day warned that political and business leaders must not allow market forces and patent laws to determine the distribution of COVID-19 vaccines. He urged that the vaccines be made available to everyone in rich or poor countries of the world. Pope Francis, according to Reuters, delivered his…
The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service provider, following their inability to meet up with key statutory obligations. According to an official gazette obtained from CBN’s official website, the affected PSPs include: Transaction Processing System (TPS), Easifuel Limited, Paymaster Limited, Grand Towers…
The Nigerian government has announced the inauguration of an ad-hoc Technical Advisory Group to support the implementation of the 5-year National Multi-Sectoral Plan of Action on Nutrition (NMPAN). The announcement which was disclosed in a statement by Laolu Akande noted that Vice President Yemi Osinbajo formed the group earlier in the week after consulting with…
The Minister of Defence, Maj Gen Bashir Magashi (retd.) has noted that the rescue mission of over 300 Kankara School Boys by the military was a yuletide gift to Nigerians. The defence minister who was bidding Nigerians season greetings on behalf of the Nigerian Military in his Christmas and New Year message called on all…
Leaders of Christian Association of Nigeria (CAN), Lagos branch has declared that they will disregard the words of Lagos State Governor Babajide Sanwo-Olu last Thursday cancelling the annual crossover services in churches across the state. Traditionally, churches worldwide hold crossover services on December 31, every year to usher in the New Year. And Lagos state…
Michael Jackson’s Famous Neverland Ranch Sold for 22 Million Dollars Neverland Ranch, residence of the late Pop megastar, Michael Jackson’s has been sold for 22 Million dollars. The 2,700-acre Southern California ranch was sold to Ron Burkle. Billionaire Burkle, whose networth is estimated at 1.5 billion dollars, according to Forbes magazine, was a friend of…
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora remittances beneficiaries. Godwin Emefiele, CBN Governor made this known in a statement titled ‘Improving Remittance Inflows into Nigeria’. He stated that the Naira General Ledgers are channels whereby…
In view of the directive on SIM card synchronization with NIN, mobile network operators have kicked off the process of backend integration with NIMC’s database. This is designed to facilitate the process of validation and verification of digital identities, as well as speed up the enrollment processes. In a statement issued by the Association of…
At the parallel market this week, the naira gained N30 from the previous peak of ₦500/$1. The exchange rate between the naira and the US dollar closed at ₦470/US$1 in the parallel market on Monday. The rate also closed at ₦470/US$1 on Wednesday and Tuesday. Read Also: Naira Declines in Parallel Market For the British…
The Academic Staff Union of Universities ( ASUU ) has disclosed that its members will waste no time in embarking on another industrial action should the FG renege on the agreement between both parties by March 2021. Prof. Biodun Ogunyemi, the ASUU president, disclosed this while announcing the suspension of the union’s nine-month strike in…
