CBN suspends cheque clearing indefinitely

The Central Bank of Nigeria (CBN) has directed that cheque clearing should be suspended. According to a notice signed by Sam Okoreje, director of CBN banking services department, the suspension is effective from March 31 The notice said the suspension is related to the lockdown in Lagos, Ogun and Abuja announced by the president on[...]

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The World Could Be Running Out of Condoms Because of Corona Virus, coupled with growing demand and just two months supply left – Bloomberg

The world’s biggest maker of condoms warned of a global shortage as supply falls by almost 50% while its stockpile is set to last for just another two months. Malaysia-based Karex Bhd., which makes one out of every five condoms worldwide, only restarted its factories on Friday after a week-long closure, working with just half its workforce[...]

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FCTA orders closure of schools, malls in Abuja over coronavirus

The Federal Capital Territory Administration (FCTA) has ordered the closure of all schools in Abuja from tomorrow March 20, as a proactive measure to curb the spread of coronavirus in the country.    ThisDay reported that FCT Minister, Mohammed Musa Bello directed that social and religious activities are to be restricted, while shopping malls and other large business[...]

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Generator importation to attract 10-year jail term — Senate bill

A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading on the floor of the Senate on Wednesday.The bill sponsored by Senator Birma Enagi from Niger State prescribes 10 year-jail term for importers and sellers of generators.The bill is coming on the heels of energy[...]

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Nguseer Torbunde receives Entrepreneur of the month award for revolutionizing the food business in Benue

PRESENTING OUR ENTREPRENEUR OF THE MONTH: 1st – 31st March, 2020 NAME OF ENTREPRENEUR: Torbunde Nguseer Vivien, MD/CEO – Me2U Enterprises. CONTACT DETAILS: +234 8080718525 ADDRESS: Shop 10, Block C, Tonimas Plaza, Makurdi, Benue State, Nigeria. EMAIL: me2upopcorn@gmail.com A growing business whose mission is to offer good quality food and services at all times has[...]

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Tesla temporarily closes China stores amid coronavirus fears

Tesla has temporarily closed its stores in mainland China as of Sunday, Feb. 2, according to an online post from a company sales employee on that date.  The move comes as more than half of China has shut down in an effort to limit the spread of a new coronavirus that has killed more than 500[...]

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The brother of Jeff Bezos’s girlfriend has filed a lawsuit accusing Mr. Bezos and his security consultant of defaming him in connection with a 2019 National Enquirer story revealing Mr. Bezos’s extramarital affair. Michael Sanchez, a Hollywood talent manager and the brother of Lauren Sanchez, said in his lawsuit, which was filed on Friday in state court[...]

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Amazon boss Jeff Bezos’s phone ‘hacked by Saudi crown prince’

Exclusive  investigation suggests Washington Post owner was targeted five months before murder of Jamal Khashoggi. The Amazon billionaire Jeff Bezos had his mobile phone “hacked” in 2018 after receiving a WhatsApp message that had apparently been sent from the personal account of the crown prince of Saudi Arabia, sources have told the Guardian. The encrypted[...]

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Facebook’s digital currency threatened as Vodafone becomes the latest partner to leave Facebook’s Libra digital currency coalition

Telecommunications operator Vodafone has left Facebook's Libra Association, the group confirmed on Tuesday. The British company is the eighth to abandon Facebook's digital currency project, joining the likes of Visa, MasterCard, PayPal, eBay, Stripe, Booking Holdings and Mercado Pago. The departure was first reported by CoinDesk. Read the excerpts from the report here: "We can confirm that Vodafone is no longer a member of the[...]

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