Day: March 1, 2024

CBN Revokes Licenses Of Over 4,000 Bureau De Change Operators

Abibat Babalola

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 4,173 Bureaux De Change (BDC) operators, citing non-compliance with regulations.   The CBN invoked its powers under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015. According to Hakama Sidi Ali, the Acting Director of Corporate Communications at the CBN, the affected institutions failed to comply with various regulatory provisions. These include the non-payment of necessary fees, including license renewal fees, within the stipulated period as outlined…

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BREAKING: Yoruba Actor, Sisi Quadri, Is Dead

Ganiyu Amodu

A Nollywood actor, Tolani Quadri Oyebamiji. popularly known as Sisi Quadri is reportedly dead. Oyebamiji’s death was announced by some of his colleagues in the Yoruba movie industry. Announcing his death, Nollywood actress, Abiola Bayo wrote on her verified Instagram handle, “You will be greatly missed, Sisi Quadri. May your soul rest in perfect peace”. Details later…

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Peseiro Resigns As Super Eagles Manager

Ganiyu Amodu

Jose Peseiro has announced his departure from his Super Eagles head coach role. In a post on his X account on Friday, the Portuguese said his contract with the Nigeria Football Federation (NFF) had run out, and no new deal had been agreed on. Peseiro, appointed Eagles head coach in 2022, described his tenure as “22 months of immense dedication, sacrifice, emotion, and enormous enthusiasm”. He expressed gratitude to the players and top brass at NFF, adding that “we will always be there for you, no matter where you are”.…

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MTN Records N740bn Loss

ADEOLA YUSUF

MTN Nigeria Plc recorded a loss before tax of N177.8bn compared to a pre-tax profit of N518.8bn in the previous year. This significant shift was attributed to the telecom operator’s substantial forex loss of N740.4bn, a consequence of the steep devaluation of the naira in 2023. This was disclosed in the company’s audited results for the year ended 31 December 2023 released on Friday. The financial downturn, as indicated by MTN, resulted in a reported loss after tax amounting to N137bn. This sharp contrast was evident compared to the restated…

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It’s Unacceptable To Judge Me In 9 Months, Tinubu Tells Labour

Ganiyu Amodu

President Bola Tinubu, yesterday, frowned at the protest called by the Nigeria Labour Congress, NLC, saying his administration cannot be judged after just nine months in office. The NLC and the Trade Union Congress, TUC, on February 8, issued a 14-day nationwide strike notice to the Federal Government over the failure to implement the agreements reached on October 2, 2023, following the removal of fuel subsidy. In response to the NLC, Tinubu said, “It is unacceptable to call for strike in just nine months of an administration,” saying it should…

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Osimhen, Oshoala Make 10th Nigeria Pitch Awards’ List + FULL LIST

Ganiyu Amodu

Victor Osimhen, the reigning male African Footballer of the Year, has earned the highest nominations in four categories at the 10th Nigeria Pitch Awards. This was revealed on Thursday by the organisers of the Nigeria Pitch Awards through its voter collation agent, SIAO Partners. Osimhen, Nigeria’s Super Eagles forward, among other teammates and Super Falcons stars, were nominated in different categories. The unveiling of the nominations was held at the Ibis Hotels Ikeja, Lagos. The Napoli FC forward got the most nominations, including the ‘Striker of the Year’, ‘King of…

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Decentralisation, Key To Solve Nigeria’s Challenges – Wole Soyinka

Ganiyu Amodu

‘It is high time the leaders stopped taking Nigerians for a ride’, What the Nobel Laureate said at the PUNCH 50th anniversary   Nobel Laureate, Prof Wole Soyinka, has asserted that decentralisation is the way to go for Nigeria in the face of mounting challenges dogging its progress. Soyinka stated this at the PUNCH Newspapers’ 50th-anniversary lecture held at the Civic Centre in Lagos yesterday. He emphasised that the decentralisation of the country could make the much-expected difference. The literary icon in the lecture titled: “Recovering the Narrative” he delivered…

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Oil Marketer Arraigned For Allegedly Defrauding Customers Of N100m

Abibat Babalola

An operative of the Economic and Financial Crimes Commission, Musbau Issa, on Thursday told the Ikeja Special Offences Court how an oil marketer, Glory Benson, allegedly defrauded her customers of N100,865,000. Benson alongside two of her companies Glonnek Energy Resources Limited and Petroyal Energy Limited are facing seven counts bordering on stealing, conversion preferred against her by EFCC. The defendants were alleged to have dishonestly converted petroleum products worth the sum of N100,865,000 to their personal use. When the case was called, the EFCC’s prosecution counsel, Bilikisu Buhari, announced her…

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