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In a bold move aimed at curbing dollar speculation and combatting exchange rate manipulation, the Federal Government of Nigeria plans to delist the Naira from all peer-to-peer cryptocurrency platforms. This development comes amidst the government’s ongoing efforts to regulate Nigeria’s estimated $57 billion cryptocurrency market. During a recent meeting with representatives from Nigeria’s blockchain industry,…
In a staggering revelation, the Economic and Financial Crimes Commission (EFCC) has alleged that over a 25-year period, at least 58 former governors have been involved in the misappropriation, embezzlement, or laundering of approximately N2.187 trillion. This astronomical figure excludes the billions of Naira worth of properties that have been seized globally or are currently…
The Lagos State Police Command has apprehended a group of alleged ritualists involved in killing people and harvesting their body parts for sale in various states. Among the ten suspects arrested are a community chief, an Ifa priest, an Islamic cleric, an Osun priestess, and a traditional medicine practitioner. According to Benjamin Hundeyin, the spokesperson…
In a landmark case of financial malpractice, former manager of First City Monument Bank (FCMB), Nwachukwu Placidus, has been sentenced to a total of 121 years in prison for his involvement in a N112,100,000 fraud scheme. Judge S. N. Odili of the Anambra State High Court, located in Onitsha, Anambra State, delivered the verdict, marking…
The Managing Director/CEO of Nigerian Satellite Communications Limited, NIGCOMSAT, Nkechi Egerton-Idehen, yesterday disclosed plans to make the University of Nigeria, Nsukka, UNN, the host for South East regional centre for Artificial Intelligence, AI.
There is an uneasy calm at the University of Nigeria, Nsukka, UNN, following the unveiling of a plot by the outgoing Vice Chancellor, Professor Charles Igwe, to allegedly impose his choice candidate, Professor Romanus Ezeokonkwo, as the Acting Vice Chancellor of the University.
In response to recent directives from the Central Bank of Nigeria (CBN), leading financial services company OPay has sent reassuring messages to its customers regarding the safety of their funds. The fintech giant, which has emerged as one of Nigerians’ preferred banks amid increasing e-transactions, operates as a licensed mobile money operator under the guidelines…
A Professor of Business Education at the Enugu State University of Science and Technology, ESUT, Chibuike Chinwe, on Thursday, identified Business Education as a panacea for sustainable development in any nation.
The Enugu State University of Science and Technology, ESUT, Tuesday, entered into partnership agreements with a logistic and supply chain management outfit, Multimix Academy, and an Onitsha-based Business School for competency-based capacity building, entrepreneurship and skills development certification programmes. The Vice Chancellor of ESUT, Professor Aloysius-Michaels Okolie, while addressing the partners, said that the Management…
In a significant turn of events, the Economic and Financial Crimes Commission (EFCC) and socialite Cubana Chief Priest have reached an agreement for an out-of-court settlement regarding alleged naira abuse charges. The high-profile case unfolded at the Federal High Court in Ikoyi, Lagos, where Pascal Okechukwu, famously known as Cubana Chief Priest, appeared to continue…