Author: Akintayo Adams

The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF), a move aimed at stabilizing liquidity in the financial system. This decision follows the outcomes of the 296th Monetary Policy Committee (MPC) meeting. In a statement issued by Omolara Duke, Director of the Financial Markets Department, on August 26, 2024, the CBN adjusted the upper corridor of the standing facilities, raising it from 1.00% to 5.00% above the Monetary Policy Rate (MPR), effectively setting the lending rate at 31.75%. Authorised dealers can now submit SLF requests via the Scripless Securities Settlement…

A 36-year-old woman, identified as Abiola, tragically passed away while undergoing a buttocks enlargement procedure at a clinic in Lekki-Phase 1, Lagos State. The incident occurred around 3 pm on Monday, as confirmed by authorities. According to sources, Abiola had left her residence in Diamond Estate, Sangotedo, and instructed her driver to take her to the clinic for the procedure. Upon arrival, the clinic owner directed a nurse to administer an injection to her. Shortly after receiving the injection, Abiola reportedly lost consciousness and began gasping for breath. Efforts were made to save her by rushing her to a nearby…

The Federal Government of Nigeria, through the Nigerian Communications Commission has announced September 14, 2024, as the final deadline for Nigerians to link their Subscriber Identification Modules (SIMs) to National Identity Numbers (NINs). This was contained in a statement signed by its Director, Public Affairs, Reuben Muoka, on Wednesday. “To ensure full compliance with the NIN-SIM linkage policy, the NCC has directed all Mobile Network Operators to complete the mandatory verification and linkage of SIMs to NINs by September 14, 2024. “Effective September 15, 2024, the commission expects that no SIM operating in Nigeria will be without a valid NIN.…

The Federal Government of Nigeria and the Academic Staff Union of Universities (ASUU) have scheduled a follow-up meeting for September 6, 2024, to address ongoing concerns and avoid a potential nationwide strike by university lecturers. The meeting was confirmed by the Minister of Education, Prof. Tahir Mamman, after a session with ASUU leadership on Wednesday at the Federal Ministry of Education. ASUU’s national executive council, following a meeting at the University of Ibadan on August 19, 2024, had threatened industrial action over the government’s failure to honor the 2009 renegotiated agreement. The union’s demands include better welfare for lecturers, increased…

Uruguayan footballer Juan Izquierdo has tragically passed away, days after collapsing on the pitch due to an irregular heartbeat, Club Nacional de Football confirmed on Wednesday. “With the deepest pain and shock in our hearts, Club Nacional de Football announces the passing of our beloved player Juan Izquierdo,” the club stated. “We express our most sincere condolences to his family, friends, colleagues, and loved ones. All of Nacional is mourning his irreparable loss. RIP. Juan, you will be with us forever.” The 27-year-old defender collapsed in the 84th minute during a Copa Libertadores game against Sao Paulo last week. He…

The Federal Government is currently meeting with the members of the Academic Staff Union of Universities (ASUU). On Wednesday, the Minister of Education, Prof. Tahir Mamman, convened a crucial meeting following threats from university lecturers to embark on a nationwide strike over unmet demands by the Federal Government. Originally scheduled for Monday, the meeting aimed to prevent another strike and address concerns regarding security across universities. In attendance were representatives from the Academic Staff Union of Universities (ASUU), led by Professor Emmanuel Osodeke, along with past presidents of ASUU, including Professor Biodun Ogunyemi, the Executive Secretary of the National Universities…

Former Nigeria forward Brown Ideye recently shared an amusing story about his wife’s reaction to his proposed salary and bonuses from Chinese Super League team Tianjin TEDA. In a post on his X account, Ideye revealed that despite initially not planning to move to China, the lucrative offer from TEDA significantly influenced his decision. He recounted that upon seeing the figures, his wife was so impressed that she immediately packed his bags and prepared him for travel the next day. “I had no plans to go to China, Olympiacos received an offer from TEDA which they can’t refuse, my agent…

Fidelity Bank, one of Nigeria’s leading financial institutions, is looking for a Media Relations Officer to join their team in Victoria Island, Lagos. Job Overview Check out available Jobs and Scholarships. Job Objective(s): Key Responsibilities: Required Experience/Skills: How to Apply: Interested applicants can apply for this position by visiting the Fidelity Bank job portal: Apply Here. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

The AgroHack Challenge 2024 is inviting innovative ideas across the agriculture industry’s value chain. This initiative aims to accelerate these ideas, creating new opportunities for young Nigerians in the agricultural sector. Key Objectives: Benefits: Eligibility Criteria: How to Apply: To apply for the AgroHack Challenge 2024, follow the steps below: Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

A Nigerian policeman, identified as Inspector Collins Wilson, reportedly shot and killed three individuals in an attempt to cover up a theft committed by his girlfriend, known only as Esther, on Monday, August 26th. The incident began when Esther was accused of stealing a phone from a tricycle driver who had been transporting her. Eyewitnesses reported that the phone rang in Esther’s possession, sparking a confrontation with bystanders. As tensions grew, Esther called her boyfriend, Inspector Wilson, to the scene. Upon arriving, Wilson drew his service weapon, ordered Esther to stand behind him, and opened fire, killing two individuals on…