Author: Akintayo Adams

The Association of Bureau De Change (BDC) Operators’ Abuja chapter has declared that as of Thursday, February 1, 2024, its business location will be indefinitely closed. The Association’s head, Abdulahi Dauran, explained that the decision was made due to the lack of US dollars, but he also mentioned that the lack of dollars was caused by bitcoin and online banking activities. According to reports, the value of the Naira at the official end of the market declined significantly, with some trades closing at N1,513 per dollar, even though the Central Bank of Nigeria (CBN) cleared off the verified backlog of…

Femi Otedola, a Nigerian billionaire and businessman, has been named as the new chairman of the board of directors of First Bank of Nigeria Holdings. After a seven-year break, Otedola announced his excitement to be back on Forbes’ African Billionaires list. He succeeds Alhaji Ahmad Abdullahi, the departing chairman of the board. He posted a photo of the announcement to his Instagram feed, labeling it as “Interesting” and including dollar and cheerful emojis. The 61-year-old businessman, whose net worth is $1.1 billion, is presently ranked 20th on the list. Otedola’s comeback contributed to the 2024 list of 20 billionaires’ worth,…

The recent expulsion of Mali, the Niger Republic, and Burkina Faso from the Economic Community of West African States, or ECOWAS, has alarmed stakeholders, who claim it presents grave questions regarding Nigeria’s security. The development coincides with claims of infiltration and conclusions from Western nations, particularly the USA and Russia, with a significant concentration of Wagner Brothers fighters in the area. According to a report by DAILY POST, Niger, Mali, and Burkina Faso said on Sunday that they were leaving ECOWAS because of what they described as unlawful and cruel sanctions imposed on them after their respective country’s coups. In…

The election of Ahmadu Fintiri as the legally elected governor of Adamawa State has been confirmed by the Supreme Court. Fintiri of the Peoples Democratic Party (PDP) was proclaimed the victor of the March 11 governor’s race by the Independent National Electoral Commission (INEC). However, Senator Aisha Dahiru Binani of the All Progressives Congress (APC) contested his victory in court.

Moses Simon has cautioned his Super Eagles teammates to remain grounded as they prepare for the match against Angola. At the ongoing 2023 Africa Cup of Nations, the three-time winners will play the Palancas Negras in a quarterfinal match on Friday. The Super Eagles have made an impression on the competition with their hard-hitting performance. Jose Peseiro’s side were particularly impressive in the wins against heavyweights Cote d’Ivoire and Cameroon. Despite their impressive displays so far, Simon insisted that it is important for the team to keep working hard. “It is going to be a difficult game, like the ones…

The Nigerian Air Force DSSC is still open, therefore anyone who has an interest or did not make the cut in the previous round of applications are welcome to apply again. You have a fantastic potential to be one of the strongest air warriors on the continent. Currently, applications are being accepted from graduates and postgraduates interested in working as Direct Short Service Cadets in a range of fields. There are a few things we need to clarify regarding this recruiting before we discuss the requirements. Every year, the Nigerian Air Force holds three primary basic recruitment sessions. We have…

Tanya Okpala, a US Table Tennis champion, who was found wandering the streets has been rescued by the Anambra State Government through the state’s Ministry of Women and Social Welfare. In a now-viral video making the rounds on social media, Okpala was seen walking the streets of Awka, the state capital. According to reports, state governor Prof. Chukwuma Soludo gave the state Commissioner for Women and Social Welfare Ify Obinabo the order to save and rehabilitate the tennis star, and Obinabo moved swiftly to carry it out. This was verified in a statement released on Monday by Chidimma Ikeanyionwu, the…

On January 30, the Federal Government, led by President Bola Ahmed Tinubu, would establish the Minimum Wage Committee. The committee’s recommendation will establish a new minimum wage for the nation. On May 29, 2023, President Bola Tinubu eliminated the fuel subsidy. As a way to lessen the impact of this decision, the Federal Government agreed to give N35,000 to each of its employees. The N35,000, according to organized labor, is only a temporary fix, and a revision of the minimum wage is required in 2024. In addition, the N30,000 minimum salary that is in place now will disappear at the…

Siminalayi Fubara, the governor of Rivers State, has appointed four new people as the State House Assembly is voting to overrule him in order to enact four new laws. On Friday, the governor named Ine Briggs the acting director general of the Bureau of Public Procurement (BPP), Tonte Davies the acting administrator of the New Cities Development Authority (NCDA), and Goodlife Ben the acting chairman of the Local Government Service Commission. The governor announced that the appointments are effective immediately in a statement issued by Tammy Danagogo, Secretary to the State Government. Four new measures were passed into law on…

According to the International Monetary Fund, high debt servicing costs continue to be an increasing concern, despite the fact that Nigeria and other low-income borrowers have not yet requested any debt relief. The multilateral lender stated in a recent report that the good news was that, since Ghana’s request more than a year ago, there had not been a significant request for complete debt relief from a low-income nation. The IMF praised Nigeria and three other nations for their recent improvements to their subsidy policies, which would free up funds for development expenditures and increase revenue. It stated, “Countries must…