BusinessDay newspaper has reported that about 612 may licensed Microfinance Banks (MFBs) in Nigeria may close shop if they fail to meet the recapitalisation deadline the first threshold of which is due by the end of April, although the final deadline will be in 2022. The banks were established to meet the financial needs of…
The Adara Development Association, ADA, has asked Muhammad Rabiu, the Kaduna state commissioner of police, and Dauda Madaki, chairman of Kajuru Local Government Area, to tender a public apology to the Adara people over what it described as the deliberate suppression of the truth surrounding the abduction of 177 worshippers in Kurmin Wali community, Kajuru…
The Federal Government has ordered telecommunications operators in the country to bar all outgoing calls of all Subscriber Identification Module cards not yet linked with the National Identification Number effective today, April 4, 2022. Minister of Communications and Digital Economy, Isa Pantami, announced this in a statement on Monday, saying that the move was part…
The Central Bank of Nigeria (CBN), has directed deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500, 000, respectively, per week. The apex bank announced this in a circular issued on Tuesday, adding that the policy will take effect nationwide…
The Independent National Electoral Commission (INEC) has said that the petition seeking to recall the senator representing Kogi central, Natasha Akpoti-Uduahan, did not meet the constitutional provisions. In a statement on Thursday, INEC cited section 69(a) of the 1999 constitution (as amended), which outlines the conditions for recalling a lawmaker, stressing that the petition failed…
A police officer and nine soldiers have been reportedly killed in a deadly ambush by bandits in Giro community, Shanga Local Government Area of Kebbi state. The attack occurred on Wednesday when the security operatives, traced the bandits to a construction company yard following a tip-off from residents. However, the security operatives were ambushed by…
