The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a Bloomberg report released on Wednesday, the three banks are Access Bank Plc, Stanbic IBTC, and the United Bank for Africa Plc. The report noted that the penalties were part of efforts by the apex bank to ensure that banks implement an order to block trading in cryptocurrencies due to the threat they pose to Nigeria’s financial system. The directive was…
Read MoreDay: April 7, 2022
Nigerians say Yemi Alade is next Angelique Kidjo after 2022 Grammy
Nigerian Afropop singer, songwriter, actress and activist Yemi Eberechi Alade’s popularity known as Yemi Alade has twitched up a tête-à-tête online as Angelique Kidjo won Best Global Music Album at this year’s Grammy Award. The Beninese who also shares similar talents as Yemi Alade, defeated Wizkid, Femi Kuti and Made to win the BGM category for her album ‘Mother Nature’. Some Nigerian’s dreams were crashed down as they hope Wizkid would win the category, so took over social media platforms to express their grievances. Although, Angelique Kidjo’s victory is still…
Read MoreBuhari signs Executive Order 11 on national public buildings maintenance
PRESIDENT Muhammadu Buhari, yesterday, signed into law Executive Order 11 on national public buildings maintenance. The signing of the document preceded the weekly virtual Federal Executive Council, FEC, meeting at the Council Chambers, Presidential Villa, Abuja. Speaking shortly before appending his signature, President Buhari directed all Ministries, Departments and Agencies, MDAs, to set up maintenance departments in line with the provisions of the new Executive Order. He said the order gave legal backing to the country’s national maintenance policy, following its earlier approval by the FEC, adding that government had…
Read MoreGovt either meets us or we turn here to abattoir, Kaduna train attack terrorists threaten
The terrorists that attacked the Abuja-Kaduna bound train have threatened to kill those in their captivity unless the government meets them. In a video, they said: “Government should hasten to meet us before we turn this place into an abattoir because killing these people is nothing to us. “It’s not about money. We can’t do this for money. The government knows what we want.” Already, they’ve released the Managing Director of the Bank of Agriculture (BOA), Alwan Ali-Hassan. They claimed in a video that the release was on compassionate grounds…
Read MoreZoning crisis threatens PDP, South insists on presidency
• Party in dilemma over zoning, doesn’t want to appear anti-South – Chieftain The opposition Peoples Democratic Party is currently battling a crisis over the refusal of the southern and northern elements to agree on zoning, The PUNCH has learnt. Impeccable sources within the PDP told The PUNCH on Wednesday that the crisis was worsened by the absence of a defined leader, who could bring together opposing forces to reach an agreement. The PUNCH gathered that because of the sharp disagreement between the southern and northern leaders, the party was in a dilemma whether…
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