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The Central Bank of Nigeria (CBN) has issued a directive to its branches and deposit money banks (DMBs), mandating the continued acceptance and issuance of all denominations of Nigerian banknotes, including both old and re-designed versions. This move follows a recent Supreme Court order granting the prayer of the Minister of Justice and Attorney-General of…
The African social fabric is deeply woven with the threads of communal responsibility, where familial ties and obligations extend far beyond immediate relatives to encompass an extended network of kinship. However, in recent times, the concept of “black tax” has emerged as a complex issue within African communities, raising questions about its necessity or perceived…
Olubunmi Tunji-Ojo, the Minister of Interior, shared an exciting update regarding Nigeria’s passport application process. In an interview on Channels Television’s Politics Today, he revealed that the automation of the country’s passport application is nearing completion, marking a pivotal leap toward digitalization. Tunji-Ojo noted that the automated system, about 99% completed, will soon be operational,…
President Bola Tinubu made a defining mark on Wednesday as he presented the highly anticipated N27.5 trillion 2024 budget proposal to the joint session of the 10th National Assembly in Abuja. This milestone, marking his first presentation since assuming office six months ago, unfolded as a critical moment in Nigeria’s economic trajectory. Tinubu’s address to…
The Minister for Power, Adebayo Adelabu, underscored the urgent need for effective electricity distribution during the third roundtable event for legislators, judiciary, and industry stakeholders. He emphasized the importance of transmitting the generated electricity to end consumers, emphasizing the ineffectiveness of increased generation without adequate supply to customers. Adelabu stressed the importance of a paradigm…
In a recent incident, United Nigeria Airlines’ Flight NUA 0504, originally enroute from Lagos’ MM2 to Abuja, faced a temporary diversion to the Asaba International Airport. This diversion was necessitated by unfavorable weather conditions at the scheduled destination. Achilleus-Chud Uchegbu, the airline’s Head of Corporate Communications, addressed the incident, noting, “The pilot was fully briefed…
In response to prevailing economic conditions, the Federal Government has revised its 2024 budget proposal, increasing it from the initial N26 trillion to N27.5 trillion. The adjustments were announced by the Minister of Budget and Economic Planning, Atiku Bagudu, following the Federal Executive Council (FEC) meeting presided over by President Bola Tinubu at the Presidential…
In Abuja, the Chief Justice of Nigeria, Justice Olukayode Ariwoola, stressed that the law should prevail over public sentiments and emotions in handling court matters. At a gathering to mark the start of the 2023/2024 Legal Year and swearing-in of 58 new Senior Advocates of Nigeria, Justice Ariwoola emphasized the necessity for the judiciary’s independence…
Executives from top banks in Nigeria have initiated discussions surrounding potential mergers and acquisitions. Larger banks are eyeing weaker institutions for possible acquisitions, while middle-strength and weaker banks are exploring alliances that could lead to mergers. This strategic move comes against the backdrop of directives from the Central Bank of Nigeria (CBN) urging Deposit Money…
Sule Lamido’s Candid Assessment Unveils Nigeria’s Political and Judicial Landscape Sule Lamido, a seasoned stalwart in Nigerian politics with an illustrious history as Jigawa State Governor, Minister of Foreign Affairs, and former House of Representatives member, recently shared a penetrating analysis of critical national issues. In an exclusive interview with Daily Trust on Sunday in…