Bandits storm Abuja estate, abduct two

Kidnappers on Thursday night, stormed the Nigerian Army Post Housing Scheme in the Kurudu area of Abuja, abducting two residents. According to The Punch newspapers, the abductees include the wife and one of the in-laws of a lawyer, Cyril Adikwu. The incident, according to a neighbour of the victims, occurred around 10:00 pm in the…

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Shekaru, ex- Kano governor, returns to PDP

The Peoples Democratic Party, on Monday, received a former governor of Kano State, Senator Ibrahim Shekarau, back to its fold. Shekarau dumped the New Nigeria Peoples Party (NNPP), three months after joining the party, citing “betrayal of trust”. He had earlier partted ways in May 2022, with the Kano State Governor, Abdullahi Ganduje of the…

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CBN expresses concern over growth in foreign currency exposures, issues  new directives to banks on  risks management

The Central Bank of Nigeria (CBN), has expressed concern over the growth in foreign currency exposures of banks through their Net Open Position (NOP). The apex bank disclosed this in a circular published on Wednesday on its website. The circular was signed by its Director, Trade and Exchange, Dr. Hassan Mahmud and the Director, Banking…

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