By Kadiri Abdulrahman On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited. The CBN further instructed all banks and other financial institutions to identify individuals or entities that transact in cryptocurrency or operate cryptocurrency exchanges and close their accounts. That CBN letter elicited varied reactions from the Nigerian public with many expressing concern about the potential negative effect it could have on the country’s growing cryptocurrency market and innovation in financial technology. Some stakeholders supported…
Author: Editor
The Centre for Peace, Transparency and Accessibility on Saturday, honoured Zamfara governor, Bello Muhammad with an Excellent Leadership Award from the Centre for Peace and Accessibility. A statement by the Yusuf Idris, the Director-General Media, Yusuf Idris on Saturday said the award is in recognition of his efforts in addressing security issues and bringing peace and development to Zamfara. The statement said the governor also received a Certificate of Performance from the Civil Society Groups for Good Governance (CSGGG), at the event that took place at the City King Hotel Conference Hall, Gusau. The Executive Director of the Centre for…
Dr Temitope Hussein, the President of the University College Hospital (UCH), Ibadan Chapter of the Nigerian Association of Resident Doctors (NARD), says the association lost 17 doctors to the COVID-19 pandemic. Hussein, who was justifying the association’s reasons for joining the nationwide strike of NARD, explained that the families of the deceased doctors were yet to benefit from the Death-in-Service Insurance Scheme. According to him, the striking doctors were also protesting the non-payment of salaries of some of their members across the country and demanding for an upward review of hazard allowance, among others. He decried the agony its members…
The Shell Petroleum Development Company (SPDC) has confirmed oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital. The comapny’s Media Relations Manager, Bamidele Odugbesan, confirmed the incident in an interview in Yenagoa on Friday. Odugbesan said the company got a report of the spill on March 31. “At about 8.30am on March 31, a community surveillance vendor reported a leak on the company’s Joint Venture pipeline at Nun River in Bayelsa. “Following the development, the facility was shut down and full isolation established at 09.45am. “The SPDC Oil Spill Response Team was mobilised to the spill…
The Chief Whip of the Senate, Sen. Orji Kalu, has said that the use of thugs during elections portends great danger to the nation’s democracy. Kalu said this on Friday, while inspecting the ongoing construction of the two-kilometer Akama and Ugwuavor Roads in Arochukwu. The road was one of the 19 constituency road projects the lawmaker attracted to Abia North Senatorial District. He spoke against the backdrop of last Saturday’s Aba North/Aba South Federal Constituency bye-election, which was reportedly marred by thuggery and violence. He called on Nigerians of good conscience and believers in democracy to condemn thuggery in it’s…
Dr Joe Okei-Odumakin, a human rights campaigner, on Saturday confirmed the passing of her husband, Yinka, after a brief illness. Okei-Odumakin, also the President of Women Arise, made the announcement in a statement in Lagos. She said “The sad event happened on Saturday morning at the intensive care unit of LASUTH where he was being managed for respiratory issues due to complications from COVID-19 which he had recovered from about a week ago. “I appreciate the outpouring of grief and sympathy from home and abroad as I mourn my irreplaceable soulmate.” She urged all to remain steadfast in the cause…
President Muhammadu Buhari’s order issued to security chiefs, to fish out sponsors of terrorism and other criminal activities responsible for insecurity in the country, seem to be yielding results. The National Drug Law Enforcement Agency, NDLEA, on April 1 made important arrest, the Presidential aide on Digital and Social Media, Lauretta Onichie, disclosed on her tweeter handle @Laurestar. The suspect, a 35-year-old Chadian national, Adama Uomar Issa is hard drug provider for Boko Haram terrorists in Nigeria, who procures narcotics for the insurgents in Taraba State, North East. “The National Drug Law Enforcement Agency, @ndlea_nigeria, has arrested a member of…
The Nigeria Centre for Disease Control (NCDC) has registered 66 new cases of the Coronavirus (COVID-19), bringing the total number of infections in the country to 163,063. The NCDC disclosed this on its official Twitter handle late Friday. The country’s daily infection rate continues to reduce, from an all-time high of 2,314 on Jan. 22, to 48 as of March 29. The public health agency said the new infections were recorded from nine states and the Federal Capital Territory (FCT). According to the latest data released, Enugu state led with 18 cases, followed by Lagos with 17, Kaduna with 10,…
A member of the House of Representatives for Jos North/Bassa Constituency, Haruna Maitala, his son Jafaru, a legislative aide and his driver were confirmed dead on Saturday in an auto accident. A reliable source said that the lawmaker and the three others died in a vehicle crash on Friday evening. Mr Abdulkadir Abubakar, Senior Legislative Aide to the lawmaker also confirmed that Maitala, along with the others, was on his way to Jos from Abuja when the accident occurred. “I am not familiar with the road but the accident occurred around Kwoi-Kafachan-Jos Road. “He died alongside his son, his legislative…
A legal luminary and founder of the Afe Babalola University in Ado Ekiti, Chief Afe Babakoka, SAN, said on Friday that the university had spent N476.8 million as financial rewards to outstanding students. The Head, Corporate Affairs of the university, Mr Tunde Olofintila who disclosed this in a statement made available to newsmen in Ado Ekiti, quoted Babalola while addressing a special session of the Senate. The rewards, according to the ABUAD founder and visitor, represented the total amount that he spent so far on scholarships for students who excelled in their various courses in the last seven years. Babalola…