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343 Posts
Naira declines on Monday falls to N527 per dollar

Naira declines on Monday falls to N527 per dollar

The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been on a downward trend in recent weeks, fell to 524 against the greenback on Friday from 522/$1 on Thursday. At the Investors and Exporters window, the naira, however, strengthened to 411.63/$1 on Monday from 412/$1 on Friday, according to FMDQ Group. The naira had strengthened to 506/$1 on August 4 after plunging to 525/$1 at the parallel market on July 28, a day after the Central Bank of Nigeria stopped foreign exchange sales…
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CBN releases framework to strengthen cyber security resilience in OFIs

CBN releases framework to strengthen cyber security resilience in OFIs

The Central Bank of Nigeria (CBN) on Tuesday released a  framework to protect Other Financial Institutions (OFIs) against cyber attacks. This was contained in a memo by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed to the office. Asiegbu said that the framework was necessitated by the number and sophistication of cybersecurity threats and attacks against the OFIs. “Due to the recent increase in the number and sophistication of cyber security threats and attacks OFIs, it has become necessary and mandatory for the sub-sector to strengthen its cyber resilience if it is to remain safe and sound. “Consequently,…
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Critics not fair to President Buhari administration – Governor Masari

Critics not fair to President Buhari administration – Governor Masari

Katsina State Governor, Aminu Bello Masari, has reviewed aspects of activities of the All Progressives Congress (APC) government since its inception in 2015 reaffirming his belief that President Muhammadu Buhari rescued Nigeria from what he described as the prevalent anarchy prior to his election. “When this government came in in 2015, you could not go to your prayer house, whether as Christian or Muslim in peace, Masari said at the weekend, adding that, “you could not go to any public gatherings in peace without security scanning. “Life was very difficult for the people and there was tension everywhere because of…
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If we’re not careful, we’ll be chased out of Abuja – Rotimi Amaechi

If we’re not careful, we’ll be chased out of Abuja – Rotimi Amaechi

The Minister of Transportation, Rotimi Amaechi, has accused the political elites of burning the resources of Nigeria, saying deprived Nigerians would one day chase them out of Abuja. Amaechi said some big men have relocated from their states to Abuja because they do not feel safe in their home states. He also said secessionist agitations in the country should not be seen as a problem, saying economic deprivation and injustice are the reasons some groups are calling for a break-up. Amaechi said both Nigerians in the northern and southern regions are deprived, adding that injustice did not start from President…
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Plateau crisis: 22 killed, 14 injured, 21 others rescued – Police

Plateau crisis: 22 killed, 14 injured, 21 others rescued – Police

The Plateau Police Command has confirmed that as a result of the skirmishes that took place on Saturday morning at Rukuba road area of Jos North LGA of the State, 22 persons lost their lives and 14 others were injured. The Command also said 21 persons were rescued from the scene of the incident. This was disclosed by the Spokesman of the Command, ASP Gabriel Ogaba, in Jos, the State Capital. Ogaba said, “On 14th August 2021 at about 09:28 hours, the Plateau State Police Command received a distress call that a group of attackers suspected to be Irigwe youths…
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