Author: Editor

The Western Marine Command of the Nigerian Customs Service (NCS) has handed over 1.7 million wraps of hemp it seized to the National Drug Law Enforcement Agency (NDLEA) in Lagos. Handing over the seizures to NDLEA in Lagos on Monday, the Customs Controller of the Western Marine Command, Odaudu Salefu, said that the hemp was worth N704.5 million. “The 1266,120 wrapped of cannabis contained in 120 bags and is hereby handed over to NDLEA today. “The cannabis are seized in three different operations at Jegemo Island, opposite Iworo Ajido Waterfront and Asipa Beach along Seme borders on the 29th of…

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In a bid to alleviate the pressure on individuals and corporations struggling to meet the deadline for linking Bank Verification Numbers (BVN) and National Identity Numbers (NIN) to their accounts, the Association of Telephone, Cable TV, and Internet Subscribers of Nigeria (ATCIS-Nigeria) has advocated for a three-month extension. The National President of ATCIS-Nigeria, Sina Bilesanmi, emphasized the need for more time in an interview on Monday, held in Abuja. The call for an extension comes in the wake of the March 1 deadline set for the linkage, which has now passed, leaving many individuals and entities facing potential disruptions to…

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The House of Representatives Committee on Financial Crimes has recommended the arrest of the Chief Executive Officer of Binance Holding Ltd over alleged tax invasion and money laundering in Nigeria. The recommendation followed a motion by Rep. Isah Dogonyaro (APC- Jigawa state) at a public hearing on Monday in Abuja. The hearing was on a petition by Empowerment Fund for Nigerian Youth Initiative and the Niger Delta Youth Council of Nigeria on several crimes allegedly committed by Binance. Binance is an online financial company, operating in the cyberspace of Nigeria for more than six years with not less than 20…

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The Adamawa Government has confirmed one positive out of the five suspected cases of Lassa fever recorded in the state. The Commissioner for Health, Dr Felix Tangwami, said this at a news conference in Yola on Monday. He said the index cases were admitted on Feb. 22 at Modibbo Adama University Teaching University Teaching Hospital (MAUTH), Yola. He added that samples of the contact persons were collected on Feb. 23, and sent for testing at the National Reference Laboratory (NRL), Abuja, on Feb. 24. “The good news is that four results came back negative, while one was positive. “The two…

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The Central Bank of Nigeria (CBN’s) N1.053 trillion ($680 million) in short-term instruments were successfully concluded with investors over subscribing the offer. A statement issued on Sunday night by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi, stated that the sale is part of its liquidity management exercise. Sidi said that the apex bank’s N500 billion offer at the Open Market Operations (OMO) auction was oversubscribed after selling N1.053 trillion, with 79 per cent of the total bids, or the equivalent of $530 million coming from foreign investors. The auction was the first since last week’s Monetary Policy Committee…

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