The Central Bank of Nigeria (CBN) has announced that it will be announcing its own digital currency on October 1, 2021. Nairametrics reported that the CBN alongside stakeholders picked Independence Day as its launch date. According to the publication, CBN’s IT Director, Rakiya Mohammed at the conclusion of the 306th Banker’s Committee meeting, disclosed that the…
Nigeria Customs Service has announced that from July 6, 2021 private jets in the country with unverified documents will be impounded. Public Relations Officer of NCS, Joseph Attah told newsmen on Monday June 21 that private jet owners have been given a one-month grace period in line with an ongoing audit of privately-owned aircraft operating…
The Naira has crashed to a four-year low in the parallel market after the Central Bank’s efforts to coax banks to sell more Dollars to customers failed to bridge the widening gap between the official and street rates. Unauthorized dealers were offering the naira at 502 per dollar on Wednesday, June 16, from 500 last…
A diamond believed to be the third largest ever found has been put on display in Botswana. The precious stone weighing 1,098 carats was shown to Botswana President Mokgweetsi Masisi, two weeks after, Debswana, a diamind unearthing firm, found it. Botswana is Africa’s largest producer of diamonds. The gem is only slightly less heavy…
Micro-blogging site, Twitter, has described the decision of the Federal government to suspend its operations in Nigeria as “deeply concerning”. Twitter’s Senior Policy Communications Manager for Europe, Middle East and Africa, Sarah Hart, stated this in an email response sent to The Cable. The mail reads “The announcement made by the Nigerian Government…
The Federal government has announced the indefinite suspension of Twitter’s operations in Nigeria. Below is a statement released from the office of the Minister of Information and Culture, Lai Mohammed, announcing the suspension; ”The Federal Government has suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria. The Minister of…
The Nigeria Customs Service (NCS) has announced that the agency generated N799 billion revenue between January and May 2021. The Public Relations Officer of the agent, Mr Joseph Attah, disclosed this on Monday, May 31, while addressing newsmen in Abuja. According to Attah, the revenue was higher compared with what was realised in the same…
President Buhari has sought the Nigerian senate’s approval for a fresh N2.343 trillion external loan to finance the 2021 budget. Senate President, Ahmad Lawan, read a letter from the president seeking approval for the loan during plenary today May 18.
Channels TV has apologized to the management of the Nigerian Broadcasting Commission NBC for its recent breach of broadcasting code. The broadcasting regulatory body recently sent a letter to the television house, cautioning it for interviewing the spokesperson of the Indigenous People of Biafra IPOB, Emmanuel Powerful. NBC’s Director of Public Affairs, Franca Aiyetan,…
The Central Bank of Nigeria (CBN) has ordered commerical banks and authorised foreign exchange (forex) dealers to henceforth accept both old series and lower denominations of the US dollars for deposit from customers. In a circular by the CBN’s Director of Currency Operations Department, Ahmed Umar, to all deposit money banks (DMBs), Bureau De Change…
