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CBN MOVES TO IMPOSE N150M FINE ON BANKS INVOLVED IN TRADING NEW NAIRA NOTES The Central Bank of Nigeria has stated that it will iimpose a fine of N150million on any commercial bank involved in trading of new Naira notes to the citizens. This warning was contained in a circular issued on Friday, December 13, 2024, signed by the Acting …

EMPTY WALLETS, QUEUES IN BANKS AS NIGERIANS STRUGGLE AMID CASH SCARCITY Cash shortage has become a daily nightmare for Nigerians, disrupting lives and livelihoods. With limited access to physical currency, citizens face long queues at banks and ATMs, skyrocketing transaction costs, and an unreliable digital banking system, writes Festus Akanbi here are fears that the current cash shortage in the …

DOCUMENTS REVEAL HOW FCT MINISTER,, NYESON WIKE ISSUED C OF O TO PROXY COMPANY AMID ALLEGATION OF LAND-GRABBING SCANDAL More documents from the Department of Land Administration of the Federal Capital Territory (FCT) Administration (FCTA) have exposed how under-fire FCT Minister, Nyesom Wike, approved and issued Right of Occupancy and Certificate of Occupancy document to a proxy company in three …

LAGOS ENACTS FIVE NEW LAWS TO PROTECT RESIDENTS, IMPROVE PUBLIC WELFARE The Lagos State Government has enacted five new laws aimed at safeguarding the rights, welfare and security of residents in the state. Addressing a press conference yestersay, the state Attorney General and Commissioner for Justice, Mr. Lawal Pedro, SAN, noted that the five new laws recently passed by the …

LG AUTONOMY: WE’LL JAIL OFFICIALS HELPING GOVERNORS DIVERT ALLOCATIONS — FG The Federal Government, through the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, said the federal government will jail local government officials helping state governors to divert allocations to the local governments. He said this decision was in line with the judgment of the Supreme …

NNPCL REDUCES PETROL PRICE BY N20: FROM N1,060 TO N1,040 PER LITRE The Nigerian National Petroleum Company Limited, NNPCL, has reduced the price of Premium Motor Spirit (petrol) across its retail outlets in the Federal Capital Territory, Abuja.. DAILY POST correspondents who visited NNPCL retail outlets observed that the petrol pump price was reduced from N1,060 to N1,040 per litre. …

HOW KEMI BADENOCH USED NIGERIAN ROOTS TO BECOME BRITISH MP British Conservative Party leader, Kemi Badenoch, who has been in the eye of the storm over controversial statements about Nigeria, once sought the help of people from the West African country to secure her parliamentary seat, Saturday PUNCH reports.Badenoch (nee Adegoke) had in 2010 sought the support of the Nigerian …

EBONYI GOVERNOR, NWIFURU, SPLASHES N150,000 CHRISTMAS BONUS TO WORKERS This demonstrates Governor Nwifuru’s commitment to workers’ welfare, especially considering the previous year’s bonus of ₦100,000 The Ebonyi state Governor Francis Nwifuru has announced a Christmas Bonus of One Hundred and Fifty Thousand Naira (₦150,000) for each state worker. This was confirmed in Facebook post late Thursday by the Chief Press …

GANDUJE DECLARES WIKE’S ALLY, TONY OKOCHA, APC LEADER IN RIVERS The National Chairman of the All Progressives Congress, APC, Abdullahi Ganduje, has affirmed that Chief Tony Okocha is the leader of the party in Rivers State. According to Ganduje, the executive committee headed by Okocha, an ally of Federal Capital Territory, FCT, minister, Nyesom Wike, is the Rivers State APC …

FINLAND FREEZES SIMON EKPA’S ASSETS, PLACES HIM iN TOUGHEST PRISON Finnish authorities have frozen the assets of Simon Ekpa, the self-proclaimed Biafran agitator. Ekpa, who is facing allegations of terrorism-related activities, has been detained for several weeks. Finnish government has also frozen the assets of companies associated with Ekpa and four of his accomplices, who are also in remand. According …