The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, on Wednesday said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. Mohammed disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organised by the committee of e-Business in industry Heads Nigeria (CeBIH). Mohammed said that the use of digital payment was rising while cash payment was declining both in Nigeria and globally. She said that over 85 per cent of Central Banks worldwide were considering digital currency and so CBN was also innovative…
Author: Abdallah el-Kurebe
The U.S. Food and Drug Administration has approved Coronavirus booster vaccinations with BioNTech/Pfizer’s drug for the elderly and at-risk groups. The FDA announced the decision Wednesday evening, in line with a recommendation from an expert panel last week. The move means another single vaccine dose was approved in the U.S. at least six months after the first two doses for people over 65 and younger people considered high-risk because of their health or occupations. Acting FDA Commissioner Janet Woodcock said boosters would be allowed for groups including health care workers, teachers, supermarket workers and people in homeless shelters or prisons.…
Dr Harris Chuma-Odili, the Director General and Chief Strategist of Chief Akachukwu Nwankpo Campaign Organisation has resigned his position for personal reasons. Nwankpo, a former Presidential Aide to Goodluck Jonathan is the candidate of African Democratic Congress (ADC) to the Nov. 6 governorship election in Anambra. This is contained in a letter by Chuma-Odili to his former principal and national leadership of the ADC. A copy of the letter which was made available to newsmen in Awka on Thursday, said he was taking up new challenges outside politics. ”This is to inform you of my intention to resign from active…
The federal government says the Federal Inland Revenue Service (FIRS) will continue to collect Value Added Tax (VAT) following the ruling of the Court of Appeal on the matter. The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami said in New York while speaking on the disagreement over the collection of VAT between FIRS and Rivers government. The chief law officer of the federation explained that the ruling of the Court of Appeal that FIRS and the Rivers government maintain status quo, favoured FIRS. He said that it was Federal Inland Revenue Service (FIRS) that had been…
The federal government may file a fresh action against Yoruba secessionist agitator, Sunday Adeyemo (also know as Sunday Igboho), following the judgment of Oyo State High Court which awarded N20 billion in damages in his favour. The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami said in New York that the federal government had the right to appeal the Judgement or file a fresh charge. The judge, Ladiran Akintola, had awarded the money as “an exemplary and aggravated damages” against the AGF and the State Security Service (SSS), over the invasion of Adeyemo’s home in Ibadan on…
The Borno Chapter of Peoples Democratic Party (PDP) has alleged that materials meant for Saturday’s congress of the party have been hijacked by a group. Yusuf Dikko, the state PDP secretary, disclosed this when he spoke with newsmen in Maiduguri, adding that a complaint has been sent to the party’s zonal and national headquarters on the matter. Dikko blamed the problem on the former governorship candidate of the party, Mohammed Imam and the immediate past state PDP chairman, Zannah Gaddama. “We have forwarded complaints to the zonal and national headquarters of the party and are still waiting for response,” he…
The federal government has succeeded in blocking terrorism financing in Nigeria, the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, has said. Malami said in New York that the federal government had also succeeded in identifying and detaining “high profile individuals” responsible for funding terrorists’ activities in the country. The AGF had announced in May that Nigerian government was about to begin the prosecution of about 400 suspected Boko Haram financiers and was profiling some high-profile Nigerians strongly suspected to be financing terrorism for prosecution. The delay in their prosecution and unveiling the suspects have been…
Angry youth in Isa local government area of Sokoto state on Wednesday, set the personal residence of the state commissioner for career and security affairs, Garba Moyi ablaze. The youth also destroyed vehicles at the residence of the District Head of Isa, Nasiru Ahmed. Confirming the incident to newsmen, the spokesperson of the state police command, ASP Sanusi Abubakar said arrests had been made. According to him, a meeting to discuss security issues in the area was organised by some notable citizens when some people hijacked it for a protest that went violent. He said that the command had arrested…
Kano State Commissioner for Local Government and Chieftaincy Affairs, Murtal Garo has expressed sadness over the death of the Emir of Gaya, Ibrahim Abdulkadir. The late Emir died on Wednesday at aged 91, due to ill health. In a statement personally signed by the commissioner, he described the death of the emir as a loss to the emirate, the state and Nigeria at large, considering the leadership acumen of the nonagenarian. The statement added that during the reign of late emir, his selfless service consolidated the peaceful coexistence of the people in the emirate. ‘’The late Emir would be remembered…
The Senate has constituted a Conference Committee for the 2021 Electoral Act Amendment Bill. The committee will meet with that of House of Representatives to harmonise the 2021 Electoral Act Amendment Bill passed by both chambers of the National Assembly Senate President, Ahmad Lawan, who announced members of the committee at plenary on Wednesday, said that it would be led by Senate Leader, Sen. Abdullahi Yahaya (APC- Kebbi). He gave the names of other members of the committee as, Sen. Kabiru Gaya (APC-Kano), representing North- West, Sen. Uche Ekwunife (PDP-Anambra), representing South-East, Sen. Danjuma Goje (APC-Gombe), representing North-East. The rest…