The restrictions placed on domestic accounts by the Central Bank of Nigeria have been removed. The CBN said in a statement on Sunday that the new regulation allowed account holders to deposit money without restriction, have unrestricted access to funds in accounts, and withdraw up to $10,000 per day. CBN issues additional guidance on operational changes to the foreign exchange market, according to the press release. Part of the statement said, “Ordinary domiciliary account...
Siminalayi Fubara, the governor of Rivers State, begged Nyesom Wike, his predecessor, not to avoid him even if he switched sides in the political debate. Fubara made this statement during Wike’s Thanksgiving celebration on Sunday at his home on Ada-George Road. Please don’t be too far away from me since I know that the sharks and the tigers are really around looking for something to injure, even though we are seeing indicators that it seems...
According to the governor of Edo State, Mr. Godwin Obaseki, Nigeria spends around N500 million a year on the importation of dairy products; as a result, there is a need to emphasize on agriculture and production to spur economic growth and development. In Benin City, Edo State, the governor made this statement as he welcomed a delegation from Heifer International to the government residence. He said that in order to strengthen the economy of the...
Yusuf Suleman, a suspect in the state’s illegal drug importation, has been detained, according to the Nigerian Customs Service in Kebbi State. The command also turned over to the Nigerian Drug Law Enforcement Agency 70 packs of Tramadol, 359 sacks of Diazepam, and 104 parcels of Indian hemp that were found in two different operations. The Customs Area Controller in the state, Dr. Ben Oramalugo, said the briefing was focused on the anti-smuggling activities...
The Fund currently owes its members about N80 billion, according to Mike Osatuyi, National Controller of Operations for the Independent Petroleum Marketers Association of Nigeria. “We have no obligation to the Fund because deposits would have been made before you lifted the goods. However, we owe the Fund N80 billion, which would be settled prior to the closure. The money accumulated over time, but it has since stopped doing so. As stated in the PIA,...
https://t.co/U29mzrlsZC — TheNigerian News (@newsThenigerian) Jun 19, 2023 from Twitter https://twitter.com/newsThenigerian
Veteran actor Jide Kosoko has stated that it is too soon for Nigerians to criticize President Bola Tinubu’s administration. He stated, “It is senseless if they (Nigerians) start comparing government that is less than one month with the previous one,” in an interview with Sunday Scoop. In fact, it seems so absurd, but I can only say that this government has got off to a great start and that I have no doubts about their...
https://t.co/BSW0LMcSwd — TheNigerian News (@newsThenigerian) Jun 19, 2023 from Twitter https://twitter.com/newsThenigerian
The Federal Road Safety Corps has announced that traffic will be diverted off of the expressway at New Garage and into the state of Lagos. The diversion, according to the traffic agency, was part of the Lagos-Ibadan expressway’s ongoing rehabilitation. This was stated in a statement made public on Sunday by Bisi Kazeem, the FRSC Corps Public Education Officer. “Traffic from Isheri Olowora passing through River Valley Estate to link the expressway inward Lagos has...
https://t.co/rGzBbzhicI — TheNigerian News (@newsThenigerian) Jun 19, 2023 from Twitter https://twitter.com/newsThenigerian
