NewsReports

Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System. The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According to the national payment infrastructure company, the listing of non-deposit-taking financial institutions as beneficiaries contravenes the Central Bank of …

.Tasks states on disability commissions..As legislators make case for disability trust fund Federal government has said that it has concluded plans to set up a task force that will shut down all public buildings found in breach of the Person’s with Disabilities, (PWDs), Act’s provision that all public buildings should provide accessibility to persons with disabilities. President Bola Tinubu, stated …

Russian lawmakers on Thursday set the date of the country’s 2024 presidential election for March 17, moving Vladimir Putin a step closer to a fifth term in office. Members of the Federation Council, Russia’s upper house of parliament, voted unanimously to approve a decree setting the date. “In essence, this decision marks the start of the election campaign,” said Valentina …

Presiding Justice of the Presidential Election Petition Court, Justice Haruna Tsammani, was among 11 justices recommended to President Bola Tinubu for appointment as Justice of the Supreme. Their appointment however would have to get the approval of the presidential upon confirmation by the Senate of the National Assembly. Other justices on the list recommended by the National Judicial Council (NJC) …

A Federal High Court, sitting in Abuja, has granted a garnishee order freezing not fewer than 24 bank accounts belonging to the Kano State government, over N30 billion compensation to Incorporated Trustees of Masalachi Eid Shop Owners and Traders Association, for demolition of their shops in the state. Justice I. E. Ekwo granted the order in a suit filed before the …

• Death toll hits 127, injured victims 75• Relatives intensify search for missing persons in hospital• ‘Body parts picked on nearby trees, many victims yet to be found’• Killing of civilians won’t stop fight against terrorism, says Matawalle• Speaker Abbas seeks U.S. assistance on security, anti-corruption Protesters yesterday invaded the National Assembly complex in Abuja, over the killing of scores …

Financial institutions’ Capital Adequacy Ratio (CAR) drops to 11.2%, below 15% threshold Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation, the stress test conducted by the Central Bank of Nigeria (CBN) has shown. The affected banks have been put under pressure to raise their capital base to bridge the gap, which was brought about …

Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has said she feels honoured to be on the Forbes List of the World’s Most Powerful Women for the 7th time. Her tweet on X reads:  “Feel truly honoured to be named one more time as one of the @Forbes 100 Most Powerful Women in the world. “This will be …

The explosive fourth Republican presidential debate Wednesday night made plain why former President Donald Trump has so far skipped the 2024 primary debate circuit. The four contenders onstage — former South Carolina Gov. Nikki Haley, Florida Gov. Ron DeSantis, former New Jersey Gov. Chris Christie and entrepreneur Vivek Ramaswamy — spent most of the two-hour debate hammering each other. Amid the smallest debate field so far …

NEW YORK — Former President Donald Trump declined to rule out abusing power if he returns to the White House after Fox News Channel host Sean Hannity asked him Tuesday to respond to growing Democratic criticism of his rhetoric. The GOP presidential front-runner has talked about targeting his rivals — referring to them as “vermin” — and vowed to seek retribution if he wins a second term for …