The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have ended their seven-day warning strike. In a circular addressed to branch chairmen across public universities nationwide, SSANU President Mohammed Ibrahim instructed SSANU and NASU members to resume their duties from Monday, March 25, 2024. The strike, which commenced on Monday,…
The government of Niger Republic has officially reopened the Konni border for operations today, March 22. This development comes one week after the Nigerian Customs Service, in accordance with the directives of the Presidency, opened the Illela land border between Nigeria and Niger Republic. The Konni border was declared open precisely at noon on Friday.…
The Nigeria Communications Commission (NCC) has announced the restoration of voice and data services that were affected by cable cuts. Dr. Reuben Muoka, the Director of Public Affairs at NCC, made this announcement in a statement issued in Abuja on Monday, March 18. Muoka explained that the disruption, which occurred on March 14, was due…
The United States House of Representatives has overwhelmingly approved a bill that could potentially lead to the banning of the social media giant TikTok within the country, marking a significant move against both China and big tech. The bipartisan-supported bill garnered a resounding vote of 352 to 65 in favor, signaling widespread concern over TikTok’s…
The Central Bank of Nigeria has successfully sold a record-breaking N1.3 trillion in Treasury Bills, with a targeted focus on attracting overseas investors. The objective behind this substantial sale is to augment the influx of foreign exchange (forex) into Nigeria and fortify the value of the Naira. Treasury Bills, known for their security and ability…
On Monday, March 4, the Benue State Internal Revenue Service (BIRS) took decisive action by sealing off several schools, hotels, and hospitals due to tax evasion and failure to file annual tax returns. Emmanuel Agema, the acting chairman of BIRS, stated that the enforcement exercise was essential to ensure compliance with tax payment for the…
A House of Representatives Committee on Financial Crimes has proposed the arrest of the Chief Executive Officer of Binance Holding Ltd in Nigeria due to allegations of tax evasion and money laundering. The recommendation stemmed from a motion introduced by Rep. Isah Dogonyaro (APC- Jigawa state) during a public hearing in Abuja on Monday, March…
The Central Bank of Nigeria has reduced the exchange rate used for computing the country’s Customs duties by 5.3%, citing the stable exchange rate between the naira and the dollar. On the official trade portal of the Nigeria Customs Service, the duty rate has been adjusted from N1630.159/$ to N1,544.081/$. This marks a 5.3% decrease…
President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism,…
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 4,173 Bureaux De Change (BDC) operators due to alleged non-compliance with regulations. Hakama Sidi Ali, the Acting Director of Corporate Communications at the CBN, stated that the apex bank exercised its authority under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act…
