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BREAKING: Nigeria’s Central Bank Approves Unity Bank, Providus Bank Merger

A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday, said, “This strategic move is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The Central Bank of Nigeria (CBN) has granted approval for a financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. A statement by the CBN Acting Director, Corportae Communications, Mrs Sidi Ali Hakama on Tuesday,...

The chairman of the Nigerian Medical Association (NMA) Dr Kunle Ashimi, confirmed the commencement of the strike at a press conference in Abeokuta on Tuesday. Medical doctors in Ogun State have commenced an indefinite strike over unresolved issues concerning their allowances.   The chairman of the Nigerian Medical Association (NMA) Dr Kunle Ashimi, confirmed the commencement of the strike at a press conference in Abeokuta on Tuesday.   According to Daily Trust, the industrial action...

The Take-It-Back Movement in Osun State has announced its intention to continue its ongoing protest immediately after the Osun Osogbo festival.   The movement, which has been advocating for the Nigerian government to meet the demands of its citizens, emphasised the continuation of their peaceful demonstrations.   The organisers urged security agents to maintain their presence to ensure the safety of both people and property during the protests, as mandated by law.   This was...

The Ogun State government has asked persons seeking employment into its civil service to pay a fee of N10,000 for application form.    This was communicated in a memo seen by SaharaReporters and signed by the Permanent Secretary Commission, Jacobs R.O on behalf of the Ogun State Civil Service Commission.   The document noted that “Applicants are to obtain tellers from Room A261 at the Civil Service Commission for application form on payment of a...

A Kaduna State resident, Malam Mohammed, father of the 18-year-old Ismail Mohammed, who was killed in Samaru Zaria on Tuesday, has accused soldiers of the Nigerian Army of following his son home and shooting him dead.   In an interview with newsmen, Malam Mohammed said that soldiers who were scaring people away during the ongoing nationwide hunger protest tagged #EndBadGovernanceInNigeria followed his son to their house and shot him dead.    He said, “My son,...

According to the Amnesty International, at least 632 protesters are being held in Kano State, while over 109 are being detained in Sokoto prison custody.  Amnesty International, global human rights organisation, has reported that over 1000 Nigerians who participated in a nationwide protest against worsening hunger and misgovernance are currently being held in prison custody across the country.    The organisation criticised the administration of President Bola Tinubu for responding to the peaceful protests with...

The state government budgeted another sum of N219 million to maintain office furniture with code “22020402” per details on its budget performance documents. A review of the budget performance documents has shown that the Bauchi State government budgeted the sum of N2.779 billion for office furniture and fittings under the code 23010112   The state government budgeted another sum of N219 million to maintain office furniture with code “22020402” per details on its budget performance...

Thousands of Nigerians gathered on the streets of Ibadan, Oyo State and Port Harcourt, Rivers State on Wednesday morning, continuing the nationwide protests against poor governance and economic hardship that have been sweeping the country.     In a series of tweets made by the Take-It-Back Movement, the large crowds of demonstrators were seen in both cities, demanding action from the government to address the country’s pressing issues.     The protests, which have been...

They are believed to have been kidnapped by unknown gunmen while travelling on a highway connecting Onitsha, Delta State, and Owerri, Imo State, two days ago.    The National Youth Service Corps (NYSC) has announced that its Akwa Ibom State Coordinator, Mr. Okun Christopher, and his driver, Mr. Daniel Effiong, have gone missing.  They are believed to have been kidnapped by unknown gunmen while travelling on a highway connecting Onitsha, Delta State, and Owerri, Imo...

  The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should be counted out of any claims of economic sabotage.   Kyari, who was addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Industry at the National Assembly on Wednesday, stated that the refining business is a straightforward business which any...