NewsReports

JERUSALEM — An Israeli tank brigade seized control Tuesday of the Gaza Strip side of the Rafah border crossing with Egypt, authorities said, moving forward with an offensive in the southern city even as cease-fire negotiations with Hamas remain on a knife’s edge. The move comes after hours of whiplash in the Israel-Hamas war, with the militant group on Monday …

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at $57bn. The newly-appointed Director-General of …

Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, have given the Nigerian Electricity Regulatory Commission, NERC, till May 12 to withdraw the recent hike in electricity tariff or face unprecedented industrial action. The ultimatum was issued in a joint letter to the Chairman/Chief Executive Officer, CEO, dated May 3, 2024, and copied to the Secretary to …

The Central Bank of Nigeria on Monday directed banks to begin charging 0.5% cybersecurity levy on transactions. A circular released by the apex bank on Monday said the implementation of the levy would begin two weeks from the day of its announcement. The circular was directed to all commercial, merchant, non-interest and payment service banks. The circular revealed that it was a …

The Central Bank of Nigeria (CBN) in a circular dated May 6, 2024, to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers, disclosed that deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. Tribune Online reports that the apex banks directed commercial banks, mobile money operators and payment …

NEW YORK— The judge in Donald Trump’s hush money trial fined him $1,000 on Monday and, in his sternest warning yet, told the former president that future gag order violations could send him to jail. The reprimand opened a revelatory day of testimony, as jurors for the first time heard the details of the financial transactions at the center of the case …

SaharaReporters had reported how the Nigeria Police Force in conjunction with the Lagos State Task Force packed hundreds of residents and young people from the streets of the state on Friday and dumped them in Osun State.  The Lagos State government after a long silence has confirmed the relocation of 371 residents whom it described as “miscreants, beggars and destitute …

The speaker of Edo State House of Assembly, Blessing Agbebaku, of the Peoples Democratic Party (PDP), on Monday, May 6, unilaterally suspended three lawmakers. The suspension was reportedly due to an alleged juju scare in the Assembly complex, as well as an alleged plot to impeach Agbebaku and other principal officers. The suspended lawmakers are Donald Okogbe (PDP, Akoko-Edo II), Bright …

High Chief Emmanuel Iwuanyanwu, President General of Ohaneze Ndigbo Worldwide, has explained that the Igbos will suffer more than other tribes in Nigeria if the country fails, calling on Nigerians from the South-East, both home and in the Diaspora, to support President Bola Tinubu’s administration to succeed. Iwuanyanwu stated this when he received the leadership and members of the Igbo …

The Coalition of Northern Groups (CNG) has urged the Presidency and the National Assembly to work together to swiftly address the lingering fuel scarcity crisis and the recent rooftop electricity tariff in the country. A statement by the National Coordinator, CNG, Comrade Jamilu Aliyu Charanchi, noted that the Coalition was deeply concerned about the persistent and debilitating fuel scarcity that …