Despite the increasing awareness and reforms in the Bureau De Change (BDC) sub-sector, a significant number of operators are below the requisite rules guiding their activities, the Financial Stability Report of the Central Bank of Nigeria (CBN) for 2018, has noted. In a target examination of 100 selected BDCs conducted …
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FG declares Monday public holiday
The Federal Government has declared Monday as Public Holiday to mark the 2019 Eid-ul-Mawlud in commemoration of the birthday of the Holy Prophet Muhammad. Mr Mohammed Manga, Director Press and Public Relations of the Ministry of Interior, announced this in a statement on Thursday in Abuja. He said the Minister …
Read More »Boeing Chairman passes vote of confidence on Muilenburg, signals he will stay
Boeing’s chairman on Tuesday gave a forceful vote of confidence in CEO Dennis Muilenburg amid calls in Congress for the embattled Boeing chief executive to resign after two deadly crashes. “Dennis has done everything right,” Boeing Chairman David Calhoun told CNBC, praising Muilenburg for keeping the board closely abreast of …
Read More »Three Italian firefighters killed in mysterious explosion
Three firefighters in northern Italy were killed Tuesday in a mysterious explosion at an abandoned farm building in what police said may have been a criminal act. The team of firefighters had responded after midnight to an alert about a gas leak in the small town of Quargnento in the …
Read More »How Twitter influencers push suspicious brands to deceive greedy Nigerians
The latest suspicious investment opportunity trending on Twitter with the help of influencers is yet another warning to Nigerians to ‘shine your eye.’ Be wary of investment offers like this #InvestWithFCM was a top 5 trending topic on Nigerian Twitter on Monday, November 4th The mysterious company named “FCM” got …
Read More »39 bodies found near London in truck container – UK police
British police said 39 bodies were found near London Wednesday in the container of a truck thought to have come from Bulgaria. Essex Police said the people were all pronounced dead at the scene in an industrial park in Grays, east of London. Early indications suggest the victims are 38 …
Read More »Telcos accuse banks’ CEOs of lying over USSD charges
Telecoms companies on Tuesday accused banks of converting the Unstructured Supplementary Service Data (USSD) channel, which should be a service channel dedicated to promoting financial inclusion, into a revenue line. In a letter addressed to the Body of Banks’ Chief Executive Officers (BOBCEOS), the telcos, acting under the aegis of …
Read More »NigComSat’s $150m satellite procurement under threat
NEGOTIATIONS for over $150 million Chinese loan for procurement of back-up satellite in the orbit by the Nigerian Communications Satellite Limited (NigComSat), might have been abandoned due to technical hitches, it was learned on Tuesday. The backup satellite is meant to strengthen the commercial operations of NigComSat and was one …
Read More »Police recruitment saga: Maintain status quo, court orders PSC, IG
The Federal High Court, Abuja, on Wednesday, ordered the Inspector General of Police, Mohammed Adamu, and the Police Service Commission to maintain status quo on the ongoing recruitment of 10,000 officers. Justice Inyang Ekwo gave the order at the hearing of the case brought by the PSC against the IG. …
Read More »Buhari congratulates Trudeau over election victory
President Muhammadu Buhari has congratulated Canadian Prime Minister Justin Trudeau on his election victory. The President, according to a statement by the Special Adviser on Media and publicity, Chief Femi Adesina, also felicitated with the Liberal Party of Canada and Canadians generally on the outcome of the Federal election in …
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