Mr. Ahmed Bello Umar, a former Director of Currency Operations at the Central Bank of Nigeria (CBN), testified yesterday that he never saw the minutes of the meeting where the decision to redesign the naira was made. Umar, who signed the memorandum for the naira redesign in 2022, stated under questioning by his lawyer that […]
Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, has been named the ‘Banking CEO of the Year in Africa’ at the 2024 International Banker Awards. This recognition marks his second consecutive year receiving this prestigious accolade. The announcement, published in the Spring 2024 issue of International Banker Magazine, […]
The Senate has passed the National Anthem Bill 2024, which seeks to reinstate the old national anthem, “Nigeria, We Hail Thee.” The bill, which swiftly passed its first and second readings on Thursday, now awaits President Bola Tinubu’s assent to become law. The legislation proposes replacing the current anthem, “Arise, O Compatriots,” with “Nigeria, We […]
The Organised Labour has once again rejected a fresh minimum wage proposal from the Federal Government. This time, the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) turned down the government’s offer of ₦60,000 as the new minimum wage. The Organised Labour has revised its demand, lowering it from ₦497,000 last week to […]
Justice Yellim Bogoro of the Federal High Court in Lagos has ordered the temporary forfeiture of $4,719,054, N830,875,611, and several properties linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele to the federal government. The order followed an ex-parte application by the Economic and Financial Crimes Commission (EFCC), represented by lawyer Bilkisu Buhari. […]
Former President Olusegun Obasanjo has criticized President Bola Tinubu’s handling of the fuel subsidy removal and the unification of the exchange rate, despite acknowledging their necessity. In a statement released on Sunday by his spokesman, Kehinde Akinyemi, Obasanjo shared his views during a colloquium titled “Nigeria’s Development: Navigating the Way Out of the Current Economic […]
The Organised Labour, comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), has reiterated its May 31, 2024, ultimatum for the Federal Government to address its demands. These demands include implementing a new national minimum wage and reversing the recent electricity tariff hike. This decision followed an emergency meeting of the National […]
Manchester City has cemented its place in history. With a 3-1 home victory against West Ham on Sunday, the club secured an unprecedented fourth consecutive English Premier League title, marking its sixth championship in the past seven seasons—a feat unmatched in league history. Arsenal, despite having its best season since the “Invincibles” went undefeated in […]
The Central Bank of Nigeria (CBN) has rescinded its directive for banks to implement a contentious 0.5% cybersecurity levy on electronic transactions. This decision comes in response to widespread public backlash and the subsequent suspension of the levy by the Federal Government. The initial circular, issued on May 6, 2024, instructed all deposit money banks, […]
A forensic scientist and pathologist from Lagos State University Teaching Hospital (LASUTH), Professor Sunday Osiyemi, informed the coroner investigating the death of Nigerian singer Ilerioluwa Aloba, known as Mohbad, that the autopsy results were inconclusive. Professor Osiyemi explained to Magistrate Adedayo Shotobi that the delay in conducting the autopsy—approximately 21 days after Mohbad’s death—resulted in […]
