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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…
Condolence messages have continued to pour in for the Late Prof. Habu Galadima, Director General of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, He was said to have died following a brief illness in the early hours of yesterday. The news of his death was contained in a short statement by the…
The United Nations (UN) has commended the government of Nigeria for responding promptly to the abduction of over 300 students in Kankara, Katsina State that resulted in their eventual rescue. In a statement issued by Deputy Spokesperson, Farhan Haq, Mr. Guterres, the Scretary-General applauded “the swift action taken by the Nigerian authorities to rescue the…
Scientists globally have started “urgent work” to establish whether the new strain of COVID-19 virus, identified last week in South Africa and South-East of England, can cause a higher mortality rate in the global fight against the dreaded disease. The World Health Organisation (WHO) disclosed it was in touch with South African researchers who identified…
Consternation is buzzing in the camp of Nigeria’s Golden Eaglets team preparing for next month’s Under-17 AFCON qualifiers in Benin Republic as 40 of the 60 players listed to prosecute the tournament have failed the mandatory MRI age test barely two weeks to the tournament. This development has thrown the team’s coaching crew led by…
Militants have attacked a military base in Afghanistan. The militants struck a main U.S NATO base in Bagram district of Afghanistan’s Parawan province which is north of Kabul. The Bagram Airfield capital of Kabul, has been a main U.S and NATO military base in Afghanistan for over 19 years. According to a government spokesperson, the…
The National Agency for Food, Drug Administration and Control ( NAFDAC ) has announced that Nigeria would soon start manufacturing its vaccines. Prof. Mojisola Adeyeye, the Director-General made this known while speaking during the NAFDAC ’s staff Award Ceremony. She revealed that achieving the ISO 9001in June last year, which is the world’s most recognized…
