By Tony Obiechina Abuja The Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks, instructing them to eliminate the rate cap on the naira at the Investors and Exporters’ (I&E) Window of the foreign exchange market. This move aims to enable the national currency to freely float against the dollar and other global currencies. This development comes shortly after President Bola Tinubu’s commitment to unify Nigeria’s multiple exchange rates, which was made just two weeks ago. A CEO of a commercial bank has confirmed the news, stating that banks are now permitted to trade forex on…
Author: News Editor
Nigerian Troops have rescued 10 people abducted by terrorists in Zamfara State. The rescued persons, who are farmers were kidnapped recently. “They were working on their farms, when a group of bandits attacked them, and took 10 of them away,” a local source in Zamfara told PRNigeria. But it was learnt that the farmers regained their freedom while troops were carrying out a search and rescue operation. A military officer involved in the operation told PRNigeria: “The bandits abandoned their captives at Tsafe Local Government Area when they noticed our troops approaching their hideouts. “The abductees revealed that terrorists fled…
Mr Afolabi Jimoh-Kolawole, a Chieftain of Accord Party in Offa Local Government area of Kwara, says he still stands by his 2013 declaration never to accept any election results rigged in his favour. Jimoh-Kolawole, who in 2013, rejected his election as a councillor during a local government election, made the declaration in an interview with the News Agency of Nigeria (NAN) in Offa on Wednesday. NAN reports that in 2013, Jimoh-Kolawole contested as a councillor on the platform of Peoples Democratic Party (PDP) and was declared winner. He, however, later came out publicly and rejected his victory in the Aug.…
President Bola Tinubu has signed the Nigeria Data Protection Bill, 2023 into law. The Nigeria Data Protection Act, 2023 provides a legal framework for the protection of personal information and the practice of data protection in Nigeria. Dr Vincent Olatunji, the National Commissioner, Nigeria Data Protection Bureau (NDPB), said this at the NDPD Strategic Roadmap and Action Plan(SRAP) validation workshop in Abuja. The bill was sent to the Senate and House of Representatives for consideration and passage on Tuesday, April 4 2023 via a letter from former President Muhammadu Buhari. “Now an Act, the new law establishes the Nigeria Data…
The Kano State House of Assembly has approved the request of Gov. Abba Yusuf for the appointment of 20 Special Advisers. This followed the adoption of a motion by deputy speaker, Muhammad Butu (NNPP-Rimingado/Tofa) during plenary on Wednesday in Kano. Alhaji Zubairu Masu (NNPP-Sumaila) supported the motion and was unanimously adopted when put to a voice vote by the speaker Ismail Falgore. Speaking, Falgore read the governor’s letter on the request to the lawmakers. He said that the approval was to enable Yusuf to appoint advisers that would assist in implementing his policies and programmes for the people. “His Excellency…
The Police Command in Akwa Ibom on Wednesday confirmed the abduction of a Chieftain of the Peoples Democratic Party (PDP), Mr Eyo Edet. The victim, popularly known as Eyo Aswang, was abducted by gunmen in Oron Local Government Area of the state. The Command Public Relations Officer, SP Odiko Macdon, said the Commissioner of Police, Olatoye Durosinmi has ordered investigation into the matter. He added that the commissioner had visited the scene of the incident and the water front in Oron where a Sienna vehicle used for the operation was burnt by the abductors. “We’ve also seen the Sienna used…
The High Courts of Lagos State will, on July 24, begin their annual vacation to end the 2022/2023 legal year of the state judiciary. A notice to that effect, signed by the Acting Chief Registrar, Mr Tajudeen Elias, and made available on Wednesday by Mrs Ololade Ige, Assistant Director, Public Affairs, Lagos State Judiciary, stated that the vacation would end on Sept. 15. It stated that the Chief Judge of Lagos State, Justice Kazeem Alogba, approved the annual vacation pursuant to Order 49 Rule 4(D) of the High Court of Lagos Civil Procedure Rules 2019. According to the notice, the…
The World Bank on Wednesday said it has approved a 750 million U.S. dollar loan to finance Philippines’ programmes to boost environmental protection and climate resilience. The Southeast Asian country got the approval as it strives to accelerate economic recovery and promote long-term economic growth. “The Philippines First Sustainable Recovery Development Police Loan supports ongoing government reforms to attract private investment in renewable energy. “The loan will enhance plastic waste management through reduction, recovery, and recycling; promote green transport, including electric vehicles; and reduce climate-related fiscal risks from the agriculture sector.” The World Bank said the financing programme also supports…
By Adeboye Ado, AKURE The Nigeria Union of Journalists (NUJ) Ondo State council, has called on the 3 Senators and 9 House of Representatives members from the state to offer quality representations to their constituents. The call came barely twenty-four hours after the 10th National Assembly was inaugurated yesterday in Abuja. The NUJ also charged them to justify the confidence the people of the Sunshine State reposed in them. In a Press Statement signed by the State Chairman, Prince Leke Adegbite and the Secretary, Comrade Olaoluwa Meshack, Ondo NUJ described as heart warming and inspiring, the elections and subsequent swearing-in…
The Obafemi Awolowo University in Ile-Ife, has selected Professor Anthony Adegbulugbe, Chief Executive of Green Energy International Limited for the first University award of excellence in Research Practice. It is a prestigious award given to an alumnus of the University with an outstanding record of knowledge-based accomplishment at global and national level. Professor Adegbulugbe was a contributor to Intergovernmental Panel on Climate Change (IPPC) Assessment Reports which won for the IPCC the 2007 Nobel Peace Prize along with US Vice President Al Gore. Professor Adegbulugbe studied Electrical/Electronics Engineering at the Obafemi Awolowo University and he graduated with BSc. (Hon) with…