Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country.
Author: meridianspy
All efforts by the federal government to tame the skyrocketing prices of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas have failed to impact the rate the product is sold in the open market, with a 5kg cylinder selling for an average of N5,139.25 in January. The latest data from the National Bureau of Statistics (NBS) showed that on a year-on-year basis, the price Nigerians buy LPG increased by 12 per cent from N4,588.75 in January 2023. However, the last survey figures released by the NBS may have been obsolete now with the prices further rising substantially in February.…
Governor of Edo State, Godwin Obaseki, has faulted the Central Bank of Nigeria for raising the Monetary Policy Rate by 22.75 per cent.
The General Superintendent of the Deeper Life Bible Church, Pastor William Kumuyi has advised Christians against giving their offerings to the Church but rather give it to the poor and unemployed in their communities. Kumuyi who made the statement in his message to his church congregation said that Christians should not spend all their money on building churches but also help their p%or neighbours who can’t afford basic life needs. Recall that a controversial OAP, Daddy Freeze had rebuked some Nigerian pastors over their ostentatious lifestyle while their members lived in abject poverty . Freeze was quoted to have said,…
Lagos to Enforce Monthly Rental Policy this Year The Special Adviser to Lagos State Governor on Housing, Barakat Odunuga-Bakare, has disclosed that the state’s monthly rental scheme will be enforced before the end of 2024 or early next year. She stated it during a recent press briefing of the Lagos State Real Estate Regulatory Authority in Ikeja, Lagos. She said, “We all see what is being done in other climes, rents are collected monthly. Hence, we are looking and hoping that before the end of the year, or by early next year, we will be able to implement the…
Nigerian skitmaker, Samuel Animashaun Perry, popularly known as Broda Shaggi, has revealed he is not a fan of elaborate weddings. The actor emphasised that he enjoys keeping his life private and stated that he is “not a fan of big weddings.” In a recent interview with actress Iyabo Ojo, Shaggi said that he won’t rush into marriage. Broda Shaggi said, “I am not a fan of big weddings. Even if I’m going to get married, I’m not a fan of big weddings. “I don’t know if you’ve noticed, I keep personal life out of social media space. Because my…
Why CBN N1trn OMO bills attack huge Investors’ Interest The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments. A statement issued on Sunday night by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi, stated that the sale is part of its liquidity management exercise. Sidi said that the apex bank’s N500 billion offer at the Open Market Operations (OMO) auction was oversubscribed after selling N1.053 trillion, with 79 per cent of the total bids, or the equivalent of 530 million dollars, coming…
Hardship: Customs to begin another round of distribution of seized rice, other food item In a move to alleviate the hardship Nigerians are facing due to the skyrocketing prices of food, the Nigeria Customs Service, Oyo/Ogun Command, has announced plans to begin another round of distribution of seized rice and other food items to citizens as soon as the Federal Government finalises the modalities for the exercise. According to the command, the modalities for the distribution exercise became necessary to prevent a repeat of the tragic incident recalled in Lagos, where scores of people died when armed hoodlums…
NEMA) has debunked reports circulating in some quarters that its warehouse was looted by some hoodlums in Abuja on Sunday.
NEMA) has debunked reports circulating in some quarters that its warehouse was looted by some hoodlums in Abuja on Sunday.
NDLEA Apprehends Ejike Chibuke with 1.45kg Cocaine Consignment at Abuja Airport Operatives of the National Drug Law Enforcement Agency, NDLEA, have intercepted a 40-year-old businessman, Ejike Chibuke Solomon, with 1.45 kilograms of cocaine concealed in his luggage while attempting to board an Ethiopia Airlines flight number 950 to Vietnam via Addis Ababa, Ethiopia from the Nnamdi Azikiwe International Airport, NAIA, Abuja. In a release by Femi Babafemi, Director, Media & Advocacy, in Abuja, on Sunday Ejike was arrested at the Abuja airport on Saturday 2nd March 2024 after NDLEA officers subjected him to a thorough search, and in the process,…
Some residents have invaded a warehouse belonging to the National Emergency Management Agency of Nigeria