Man Arrested For Teaching Dog How To Drive

An American has left authorities dumbfounded after they found his dog behind the wheel following a high-speed chase. The man, 51-year-old Alberto Tito Alejandro who is a resident of the western US state of Washington was arrested on Sunday afternoon after police received calls about a driver hitting two vehicles in an area south of Seattle and[...]

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CBN-led coalition to tackle coronavirus has raised N15 billion

The Central Bank of Nigeria (CBN) has said monetary contributions to the account set up under the Private Sector Coalition Against COVID-19 (CACOVID) stands at about N15 billion as at Wednesday, April 1. The CBN spokesperson, Isaac Okorafor, said the list of 37 donors include individuals, banks and other corporate organisations. Details of the contributions showed that[...]

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Stop Cooking Meals with Paracetamol, NAFDAC Tells Nigerians

The National Agency for Food Drug Administration Control (NAFDAC), has called on Nigerians to stop cooking their meals with paracetamol or any other drug, saying the practice was harmful. Speaking at a press conference in Lagos recently, the Director General, NAFDAC, Prof. Mojisola Adeyeye, said the practice referred to as food tenderising was synonymous to[...]

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Senate Inaugurates 56-man Constitution Review Committee

The Senate President, Dr Ahmad Lawan, on Thursday inaugurated a 56-man Constitution Review Committee headed by the Deputy Senate President, Senator Ovie Omo-Agege. The committee, inaugurated during plenary, consists of all the eight principal officers, one senator each from the 36 states and two members from each of the six geo-political zones. Members of the[...]

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FG mulling option of restricting subscribers to three phone numbers

Isa Pantami, the minister of communications and digital economy, has directed the Nigerian Communications Commission (NCC) to revise the policy on subscriber identification module(SIM) card registration and usage. This was contained in a statement signed by Femi Adeluyi, the minister’s technical assistant on information technology. According to Adeluyi, the updated policy are expected to include[...]

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CBN: 30 Containers of Cassava from Nigeria Rejected in China

The Central Bank of Nigeria (CBN) has disclosed plans to improve its agenda to diversify the nation’s economy from the oil sector to the non-oil sector, through the launch of a set of policies, noting that it targets to achieve $12 billion in export trade by 2024.   The apex bank said it was putting[...]

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Google co-founders Larry Page and Sergey Brin resign as CEOs

It's the end of an internet era as Sergei Brin and Larry Page are stepping down as head of Alphabet, Google’s parent company, and ceding management control to Sundar Pichai who will take over as CEO.   Page and Sergey Brin, who co-founded Google more than two decades ago while graduate students at Stanford University, will[...]

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Breaking: OneCoin Cryptocurrency website taken down for investigation by FBI as Dr. Ruja and all promoters disappears with over $10b worth of investments in biggest global fraud

OneCoin cryptocurrency website has been taken down. OneCoin.eu web page no longer exist. The FBI has ordered the operation to investigate the global fraud involving over $10b that has shaken regulators across the world. Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded them to[...]

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Buhari: Nigeria’s fuel consumption down by 30% since border closure, as NNPC GMD assures of adequate fuel supply during Yuletide season

President Muhammadu Buhari says domestic fuel consumption in Nigeria has dropped by 30 percent since his administration took the decision to close all land borders. Receiving a delegation of Katsina State Elders Forum at his country home in Daura, the president said his government’s directive will save the country billions of naira on import bills.[...]

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Bill to regulate social media scales second reading

The Bill to regulate the use of social media in Nigeria passed its second reading at today's plenary session of the Nigerian senate.    Senator Mohammed Sani Musa who sponsored the Bill titled “A Bill for an Act to make provisions for the protection from internet falsehood and manipulations and for related matters, 2019,” insisted that there[...]

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CBN says banks will no longer get interests for deposits above N2bn

The Central Bank of Nigeria says banks will no longer get interests on deposits above N2 billion. In a circular released by the financial markets department, the apex bank said the monetary policy committee will determine the interest for standing deposit facility of N2 billion. “With reference to the circular to all banks and discount[...]

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President Buhari sacks and replaces embattled NHIS boss, Usman Yusuf

President Buharion Monday, sacked the embattled Executive Secretary of the National Health Insurance Scheme, Usman Yusuf.   His eventual sack comes ten months after he was suspended from office by the governing council of the agency.   The ministry of health, in a press statement signed by its director of media, Boade Akinola, said the termination[...]

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Zimbabwe president insist currency now normal despite the currency being wiped out and replaced with foreign currency due to hyper inflation

Zimbabwe President Emmerson Mnangagwa said Tuesday that the crisis-hit country was returning to normal as it moved to end its foreign currency system that has been in operation for a decade. The country has used US dollars and South African rand since 2009 when the old Zimbabwe dollar was rendered worthless by hyperinflation as the[...]

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CBN gives banks three months to withdraw mutilated notes

The Central Bank of Nigeria (CBN), has opened a three-month window from June 3 to September 2, for customers across the country to replace their mutilated naira notes with new ones across all banks.   The new order is as a result of its resolve to finally replace mutilated, old naira notes in Nigeria, after[...]

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‘Nigeria’s investments inflow hits $19 billion-CBN

The Central Bank of Nigeria (CBN) yesterday estimated the country’s 2018 total capital inflows at $19.07 billion, maintaining that is spite of economic challenges Nigeria continued to enjoy foreign investors’ patronage. Besides, the apex bank stated that of the total capital inflow, Foreign Direct Investment (FDI) accounted for $7.78 billion, which is also an indication[...]

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Buhari asks CBN to blacklist firms smuggling 43 restricted items

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex). Godwin Emefiele, CBN governor, disclosed this during a meeting with oil palm producers in Abuja on Friday.  In June 2015, the apex bank[...]

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