The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in Nigeria. Information obtained in the apex bank’s website indicated that the guidelines was first issued in 2018 and revised in 2020. It stated that the PSBs were expected to leverage on technology to provide services that would be easily accessed by the unbanked population and those in hard-to reach areas of the country. “This framework hereby provides a set of regulations that are targeted at streamlining operations of PSBs, ensuring transparency in their operations as well as ensuring adequate customer…
Author: Editor
Bandits in the evening of Thursday attacked and killed 42 people in five communities of Faru district in Maradun local government area of Zamfara state. The affected communities are Tsauni, Gudan-Baushi, Gidan-Adamu, Wari and Gudan-Maidawa. An indigene of the area, Buba Faru said the bandits, who were riding over 100 motorcycles, stormed the communities located a few kilometers at the eastern part of Faru town. Buba said the bandits shot indiscriminately at the people and burnt their houses and food stores. “They were shooting sporadically at people they came across in the five communities. They also attacked farmers who were…
Twenty-five officers of the Nigerian Navy Special Boat Service on Thursday completed a five-week Joint Combined Exchange Training (JCET) alongside a team of U.S. Army Special Forces. The exercise is part of a series of U.S. engagements with the Nigerian military that provides opportunities for the Nigerian military and U.S. elite units to work together, learn from each other, and strengthen their relationships, the United States Mission in Nigeria said in a statement. During the training, the American military trainers and the Nigerian Navy special operations forces trained together on a broad range of land-based skills and tactics, such as…
Bi-Courtney Aviation Services Limited (BASL), the operator of Murtala Muhammed Airport, Lagos Terminal Two (MMA2), has denied claims that it is owing N14 billion to the Federal Airports Authority of Nigeria (FAAN). In a statement by its spokesperson Mikail Mumuni, the company said it is the federal government agency instead that owes it. “On the contrary, it is FAAN that owes Bi-Courtney over N200bn by depriving it of its legitimate earnings over the past 14 years,” the statement read in part. The company accused FAAN of opening and operating the General Aviation Terminal (GAT), thus competing with it in the…
A professor of building services and thermofluid engineering with Federal University of Technology Akure, FUTA, Mr Mutalubi Akintunde has advised Nigeria to step up the harnessing and usage of solar and other renewable energy sources to save its environment from devastating impact of global warming. He gave the advice while delivering the 130th inaugural lecture of the University titled: “Comfort versus Climate: War without End” on Tuesday July 6, 2021. According to the Don, the depletion of the ozone layer, which has led to the rise in the average global temperature every year, if not mitigated, will also bring about…
The federal government has granted water use license to Messrs Mabon Limited, the first indigenous hydro-power generating company, through the Nigeria Integrated Water Resources Management Commission (NIWRMC) The Permanent Secretary, Mrs Didi Walson-Jack, in her keynote address at occasion on Thursday, in Abuja lauded the minister for granting a one year Moratorium to the company in addition to the license Waison-Jack, said that the sustainable viability of the company was necessary and would have a multiplier effect on the economy of the nation at large. “We welcome you on board as a key Stakeholder in Hydro-power generation and the first…
A typical day and a typical news bulletin in northern Nigeria: “Bandits kill 21, burn houses in Katsina communities invasion;” “Bandits hold 348 students, UNESCO sounds warning;” “83 FGC students held;” “Bandits: we are holding 121 Kaduna school pupils.” In its issue of July 7, The Punch reported that “the total number of students being held by bandits has increased to 348 with the abduction of 121 students in Kaduna State. Out of the 348 students,” the newspaper further reported, “227 are still languishing in bandits’ dens many weeks after they were abducted from their schools in Niger, Kebbi and…
The six students and two staff members of Nuhu Bamali Polytechnic in Zaria Kaduna state, who were kidnapped by bandits have been released. They were released on Thursday night at an undisclosed location in Kaduna. The Public Relations Officer of the Polytechnic, Abdullahi Shehu who confirmed the development to Channels TV, said the kidnapped students and staff members regained their freedom after their parents and relatives negotiated with the bandits. He, however did not say specifically if any ransom was paid or not. The school authorities will receive the students later in the day at a location where they were…
Smile Identity on Thursday announced that it had secured US$7 million in Series A funding to pursue it mission of making it easy for Africans to prove their identity online, by unifying identity verification and Know Your Customer (KYC) compliance infrastructure across Africa. Ashiwel Okang, Head of Marketing Smile Identity, in a statement in Lagos said the investment is the largest ever made into an African–focused identity verification company, and it is important for a number of reasons. “In Africa, identity is not just a risk and compliance function, it is a key building block for commerce. Knowing that you…
The Aare Onakakanfo of Yoruba land, Chief Gani Adams has faulted the methods and strategies used by the Yoruba nation agitator, Mr Sunday Igboho, describing them as wrong and completely out of place. Adams, addressing a crowd said that the agitator was wrong to have used propaganda in his quest for Yoruba nation. He also described Igboho’s claim that if 1000 Policemen invade his home, they would not return as unnecessary and uncalled for. “I beg the Ooni of Ife, the Alake of Egba and all other Yoruba leaders. If a son offends his father, the father will forgive him.…