Nigeria Archives - Page 95 of 332

Feb

24

2024

Naira vs. USD: CBN will outlaw street trading and consider new BDC regulations

Business, Economy, Metro, NewsBusiness, Economy, Metro, Money, Nigeria

The Central Bank of Nigeria has announced new rules to Bureau De Change Operators in Nigeria, including the possibility of ending street trading, in response to the ongoing volatility of the Naira against the US dollar in the foreign exchange market. This was revealed on Friday by the top bank in its proposed Revised Regulatory and Supervisory Guidelines for Nigeria's Bureau De Change Operations. For Tier 1 and Tier 2 BDC licences, CBN intends to set the minimum capital share amounts at N2 billion and N500,000 million, respectively. This is a departure from the general license's former capital share of…

Feb

23

2024

By David Okoye

SSANU Calls for Action Amidst Economic Hardship and Insecurity in Nigeria

NewsNigeria, Security

The Senior Staff Association of Nigerian Universities (SSANU) has urged both federal and state governments to intensify efforts in alleviating the economic hardship and rising insecurity experienced by Nigerians. Speaking during the 19th regular North-Central Zonal Executive Council meeting at the Federal University of Lafia, Nasarawa State, SSANU's national president, Mohammed Ibrahim, emphasized the need for immediate action to address the growing challenges. Highlighting the dire situation faced by citizens, Ibrahim stressed the importance of government intervention to mitigate the unbearable conditions. He lamented the continuous strain on the welfare of university staff, calling for urgent measures to alleviate their…

Feb

23

2024

By David Okoye

Anglican Bishop Advices Tinubu to Urgently Address Nigeria’s Crisis

NewsNigeria, Opinion

... Tinubu Commends Late Akeredolu's Fearlessness During the funeral service for former Ondo governor Rotimi Akeredolu, Anglican Primate Henry Ndukuba urged President Bola Tinubu to swiftly tackle the nation's hardships. Represented by Archbishop Blessing Enyindah, Ndukuba emphasized Nigeria's urgent need for relief, citing widespread insecurity, hunger, and ritual killings. Ndukuba implored Tinubu to fulfill his promise of renewed hope, stressing the pressing nature of the challenges facing the country. He highlighted the dire state of affairs, urging the president to act promptly to alleviate the suffering of Nigerians. In response, Tinubu, represented by Vice President Kashim Shettima, praised Akeredolu's fearlessness…

Feb

22

2024

By David Okoye

Gowon Advises Tinubu Amid Criticisms, Reflects on Biafra War

NewsNigeria, Opinion

Former military ruler Yakubu Gowon has offered words of encouragement to President Bola Tinubu, urging him not to be deterred by criticisms from Nigerians. Drawing from his own experience, Gowon recalled facing criticism for being "too slow" in leading Nigeria during the civil war against Biafra secessionists but ultimately achieving success in quelling the secessionist movement. Speaking to journalists during a visit to the Presidential Villa, Gowon emphasized the inevitability of criticism for leaders and advised Tinubu to remain steadfast in his efforts. Reflecting on his own leadership during the Nigerian Civil War, Gowon noted that he was initially criticized…

Feb

21

2024

By Amos Oge Kalu

In Enugu, police apprehend 83 suspects and free 20 adducted victims.

Lifestyle, Metro, NewsCrime, Enugu State, Insecurity, Metro, Nigeria, Politics, Security

According to the Enugu State Police Command, since January 1, 2024, they have apprehended 83 criminal suspects and freed 20 victims who had been kidnapped within the state. Among the other crimes perpetrated in the state during the study period were kidnapping, armed robbery, murder, defilement, and vandalism, for which the suspects were taken into custody. When CP Kanayo Uzuegbu, the state commissioner of police, briefed reporters on the accomplishments of the Command since the start of the year, he revealed this information on Tuesday. Uzuegbu reported that during the period under review, 46 weapons of various calibres and 125…