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Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday. In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown. “This is definitely...

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This is according to a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday. In January 2017, CBN had...

Moses Olafare, media aide to Ooni of Ife, Enitan Ogunwusi, says the monarch has forgiven Yoruba youth leader, Sunday "Igboho" Adeyemo. Igboho had described Ogunwusi as a “Fulani slave”, when he spoke during a virtual town hall with Yorubas in the diapora on Wednesday. According to Igboho, the Ooni had...

The Lagos State Government says it plans to phase out yellow buses in accordance with its transportation masterplan of the state. Commissioner for Transportation, Dr Frederic Oladeinde, said this in a virtual forum on Thursday, adding that the busses would be replaced by blue buses. The virtual forum was titled...

Currency strength expresses the value of currency. For economists, it is often calculated as purchasing power ( the amount of goods and services that can be purchased with a unit of currency), while for financial traders, it can be described as an indicator, reflecting many factors related to the currency...

Osagie Ehanire, minister of health, says Nigeria has secured an additional 41 million doses of the COVID-19 vaccine. He disclosed this on Thursday, when he featured on a Channels Television programme. TheCable had reported that Nigeria had secured 100,000 doses of COVID-19 vaccine through the COVAX facility, which is co-led by...

Nigeria has dropped to 149 on Transparency International’s 2020 Corruption Perception Index, the worst ranking received by Africa’s largest country in recent time. Nigeria also scored 25 out of a possible 100 points. In the last TI rating in 2019, Nigeria was ranked 146th out of the 180 countries surveyed, scoring 26...

President Muhammadu Buhari yesterday appointed new service chiefs for the country. The new service chiefs are Major-General Leo Irabor as Chief of Defence Staff; Major-General I. Attahiru as Chief of Army Staff; Rear Admiral A.Z Gambo as Chief of Naval Staff; and Air-Vice Marshal I.O Amao as Chief of Air...