NewsReports

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was scheduled to be launched on October 1, 2021, but was moved due to a clog of activities billed for Nigeria’s 61st-anniversary celebrations. The Digital Currency has two applications – eNaira speed wallet and eNaira merchant wallet, which were launched on …

• Want state of emergency on security• Sokoto gov seeks reversal of telecom shutdown• Nigeria sliding into anarchy, CAN youth wing laments• Kaduna Anglican Bishop urges Buhari to save the nation from the brink of collapse Nigeria’s 36 House of Assembly speakers have called on President Muhammadu Buhari to declare bandits as terrorists and enemies of the nation. This was their …

Nigerians trading cryptocurrency on Luno will be able to deposit and withdraw in local currency from November, the trading platform said on Monday. “We’re thrilled to announce that deposits and withdrawals in Naira will resume on the Luno platform in November,” Luno told its users in an email. The ban on cryptocurrency forced changes in the operations of Luno and other …

The National Universities Commission (NUC) has picked six federal universities for the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) Project. The News Agency of Nigeria (NAN) reports that the project is scheduled to be launched by the Vice-President, Prof. Yemi Osinbajo, at NUC on Thursday. NAN reports that the SPESSE aims to establish strategic partnerships with leading international research …

The Pentecostal Fellowship of Nigeria (PFN) yesterday in Abuja cautioned Christians against amplifying the country’s problems and challenges but to pray ceaselessly for the nation and its leaders. “Christians should not amplify the challenges or problems of the country, but pray and fill the vacuum of worries and anxieties with prayers. “God is showing mercy to our country and we …

Governor Nyesom Wike of Rivers, says the state is not fighting the Federal Government or any of its agencies over collection of Value Added Tax (VAT) as being insinuated in some quarters. Speaking on Sunday in Abuja at a public lecture entitled: “Taxing Powers in a Federal System” to mark the 60th birthday of Mr Ahmed Raji (SAN), Wike said …

All Progressives Congress (APC) State Congress Appeal Committee for Lagos State has announced a special meeting with stakeholders in a bid to resolve grievances in the state chapter of the party. The News Agency of Nigeria (NAN) reports that crisis rocking the state chapter of the party took another turn on Oct 16 with different aggrieved groups holding parallel state …

Bishop of Methodist Church Nigeria, Diocese of Remo Central in Ogun State, Rt. Rev. Olu Akinola has berated the federal government of Nigeria for hoarding the truth about state of the nation from Nigerians. The Bishop, who spoke at the burial and outing service for Madam Felicia Ambali, mother of Special Adviser to Governor Dapo Abiodun on Politics, Hon. Biyi …

Rome, Italy – Pope Francis paid a visit to the Daughters of Mary Help of Christians on Friday and asked the religious sisters to pray for him as they live out their mission of service to the young and the poor. “Thank you for who you are and what you do. I am close to you with prayer and I …

We only pay maximum insured amount at the point of liquidation then, subsequently, begin to pay depositors and after that we wind up. Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria (CBN). The Managing Director of the Corporation, Mr Bello Hassan, said this …