Mr Folashodun Shonubi, Deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), has urged Deposit Money Banks (DMBs) to strengthen their operational capacity to effectively harness the opportunities of the E-naira. Shonubi gave the advice virtually at the Chartered Institute of Bankers of Nigeria (CIBN) Advocacy Dialogue, Series 4, on Thursday in Lagos. The event had, “Central Bank Digital Currencies: Insights for the 21st Century Banker,” as its theme. According to him, nations are embracing the opportunities that Central Bank Digital Currency (CBDC) presents for financial inclusion across the globe. “I am of the opinion that CBDC will strengthen the…
Author: Abdallah el-Kurebe
The Peoples Democratic Party (PDP) has inaugurated its National Campaign Council for the Nov. 6 Anambra governorship election. The PDP acting National Chairman, Mr Yemi Akinwonmi inaugurated the council on Thursday in Abuja. Akinwonmi said that the party was optimistic that members of council who were carefully selected were competent enough to deliver the state back to PDP. “I call on all members of the council and Ndi Anambra to close ranks and deliver the state to the PDP family. The cooperation of all and sundry is expected for the actualisation of PDP’s dream. “I will like to seize this…
The Independent National Electoral Commission (INEC) has expressed readiness for conduct of the Isoko South I state constituency by-election in Delta. The state INEC Resident Electoral Commissioner (REC) Mr Monday Udoh-Tom, disclosed this when he spoke with newsmen, while inspecting the election sensitive materials at the premises of the Central Bank of Nigeria (CBN) in Asaba on Thursday. The September 11 by-election followed the death lawmaker representing the constituency, Mr Kenneth Ogba on June 27. ”We are very ready for the by-election. We have trained our staff and we have also brought in a new innovation, which is now called…
The Borno Ministry of Finance, Budget and Economic Planning on Thursday organised a townhall meeting for public input on 2022 budget. Welcoming the participants, the Permanent Secretary of the ministry, Maryam Shehu said the development was part of many reforms being undertaken by Gov. Babagana Zulum’s administration to make the budget process transparent and in tune with global best practice. “It is also in line with the policy thrust of the present administration which emphasises transparency, accountability and sustainability. “Gone are the days when budgets are done without recourse or consultation with the people the government is expected to serve,”…
The Kaduna state government has directed public and private primary and secondary schools in the state to resume on Sept. 12 for First Term, 2021/2022 academic session. The Director-General, Kaduna State Schools Quality Assurance, Umma Ahmed issued the order in the State’s 2021/2022 School’s Calendar for primary and secondary schools, made available to journalists in Kaduna on Thursday. According to her, the First Term will run from Sept. 12 to Dec. 17; Second Term, Jan. 9, 2022, to April 8, 2022; and Third Term, Aug. 6, 2022, to Sept. 3, 2022. “All public and private basic and post basic schools…
…Get commendation from Pro-Chancellor The Pro-Chancellor and Chairman, Governing council, Federal University of Technology Akure, FUTA , Amb Godknows Igali has asserted that the institution is blessed with crop of excellent scientists able to hold their own anywhere in the world. He made the remark while interacting with winners of the 2020 TETFUND National Research Foundation NRF from the University during a reception for them on the side-line of the Statutory meeting of the Council on Tuesday September 7, 2021. In the 2020 result just released by the NRF, the Obafemi Awolowo University won the highest number of grants followed by the University…
The Academic Staff Union of Universities (ASUU) on Thursday said only two of its eight demands have so far been met by the Federal Government in the last nine months. The Ibadan Zone of the union made this known in a statement after its meeting at the Ladoke Akintola University (LAUTECH), Ogbomoso chaired by its Coordinator in LAUTECH, Prof. Oyebamiji Oyegoke. Others in attendance were: the Chairpersons from University of Ibadan, Prof. Ayo Akinwole; UNILORIN, Prof. Moyosore Ajao; LAUTECH, Dr Biodun Olaniran and KWASU, Dr Shehu Salau. Oyegoke said in the statement that strike was “a ticking bomb” and fear that…
The nation’s bourse extended losing streak to four consecutive trading sessions on Thursday with the All-Share Index contracting further by 0.01 per cent on sustained sell-offs of banking stocks. The performance was buoyed by investors’ profit-taking sentiments in all the major sectors except oil & gas stocks. Specifically, the All-Share Index shed 3.19 points or 0.01 per cent to close at 39,201.33 in contrast with 39,204.52 achieved on Wednesday. Consequently, month-to-date and year-to-date losses stood at 0.1 per cent and 2.7 per cent, respectively. Similarly, the market capitalisation inched lower by N2 billion or 0.01 per cent to close at…
President Muhammadu Buhari says he will want to be remembered as the president who stabilised Nigeria in the areas of security, economic prosperity and triumph over corruption. The president stated this at a townhall meeting with South East leaders during his one-day official visit to Imo on Thursday. According to him, with less than two years left in his eight-year tenure as president, security still remains a major priority for his administration. “If there is no security, there is nothing anyone can do no matter how much you try or the initiative you have. ‘‘Security is number one priority and…
The Peoples Democratic Party has announced Adamawa Gov. Ahmadu Fintiri as Chairman of its 2021 National Convention Organising Committee and his Enugu counterpart, Ifeanyi Ugwuanyi as Chairman of the Zoning Committee. The party’s National Publicity Secretary, Mr Kola Ologbondiyan, disclosed this while briefing newsmen on the resolutions of the PDP National Executive Committee (NEC) meeting held on Thursday in Abuja. Ologbondiyan said that the NEC met to further discuss critical issues concerning the party. He said that the NEC at the meeting approved the composition of its national convention planning committee as well as the zoning committee to zone National…