May 2024 - Page 8 of 17

CBN Unveils Strategy To Double Remittances,Grants AIP To 14 New IMTOs

Mohammed Shosanya The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting 14 new International Money Transfer Operators (IMTOs) Approval-in-Principle (AIP). The Bank’s

May 16, 2024

Banking&Finance·Business

FG Cracks Down On Illegal Miners,Arrests 10 Suspects

Mohammed Shosanya The Federal Government has seized 10 trucks and pressed charges against suspects for the illegal possession and transportation of minerals. Mining Marshals, deployed from the Nigeria Security and Civil Defence

May 16, 2024

News·Nigeria News

FG Gives Media Houses Single-Digit Loan

Mohammed Shosanya President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in

May 16, 2024

Media

Sweden Moves To Return 39 Stolen Benin Artefacts

Mohammed Shosanya The Swedish government has resolved to return 39 pieces of Benin Artefacts in her Museum to the Oba of Benin, Ewuare II. The action followed the Federal Republic of Nigeria

May 16, 2024

Arts/Entertainment

Five Pro-Wike Commissioners Resign From Fubara’s Cabinet

Mohammed Shosanya Five Commissioners in Rivers State,Wednesday dropped their resignation letters to the state Governor, Siminialayi Fubara, resigning their membership as part of the cabinet. The Commissioners include: Professor Chinedu Mmom, Commissioner

May 16, 2024

Politics

FG Intensifies Commitment To Use Gas For Economic Growth

…As Tinubu Commends NNPC Ltd, Partners Over Three Commissioned Gas Projects Mohammed Shosanya The Federal Government has reiterated its determination to utilize Nigeria’s abundant gas resources towards revamping the nation’s industrial growth

May 16, 2024

Oil&Gas

Fuel Subsidy Removal,Devaluation Push Nigeria’s Inflation Rate To 33.69%

Mohammed Shosanya Nigeria’s inflation rate hits i33.69 per cent in April 2024, up from 33.20 per cent in March. The National Bureau of Statistics (NBS) report released Wednesday showed that the food

May 16, 2024

News·Nigeria News

UTME Malpractices:Two Suspects Still In Prison Over Failure To Fulfil Bail Conditions

Mohammed Shosanya Two suspects facing trial over infractions in the 2023 Unified Tertiary Matriculation Examination (UTME) are still in custody over failure to perfect their bail conditions spanning five months at the

May 16, 2024

Education

Ganduje: Court Stops Kano Probe Panels

Mohammed Shosanya The Federal High Court in Kano has granted an interim order restraining the two commissions of inquiry established by the Kano State Governor from conducting further proceedings. The court issued

May 16, 2024

Law/Human Rights

SEC,EFCC Strengthen Ties On Reduction Of Trading Manipulations

Mohammed Shosanya The Securities and Exchange Commission has pledged to work with the Economic and Financial Crimes Commission in a bid to ensure that trading manipulations are reduced in the virtual space.

May 16, 2024

Regulators·SEC

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May 2024 - Page 8

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