Author: Akintayo Adams

The Central Bank of Nigeria (CBN) has fined both Moniepoint and OPay N1 billion each during the second quarter of 2024 as part of its intensified oversight of fintech companies. This move follows a routine audit of the fintech sector, which revealed compliance issues with regulatory standards. The fines were part of a broader crackdown on regulatory violations within the rapidly growing fintech industry. The CBN has increasingly relied on financial penalties to enforce regulatory adherence, with several other fintech companies also being penalized. OPay has refuted the claims, stating, “We categorically refute the claims that OPay Digital Services was…

The national grid in Nigeria has collapsed again. The Transmission Company of Nigeria (TCN) confirmed the collapse and mentioned that restoration efforts are already underway. This marks the 12th collapse of 2024. Listed below are the dates of each setback faced by the grid in 2024: Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The Nnamdi Azikiwe International Airport, Abuja has been temporarily shutdown following an incident involving an Allied Air flight The aircraft reportedly experienced a tire burst upon landing, causing it to skid off the runway. As a result, the airport has been temporarily shut down while efforts are underway to tow the aircraft and clear the runway. Emergency officials are on site, and fortunately, there were no injuries reported among the passengers. The situation has caused significant disruptions, with several departures delayed as authorities work to resolve the issue. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

The National Agency for Food and Drug Administration and Control (NAFDAC) has recently recalled several drug capsules due to safety concerns. Among the recalled products is a batch of Deekins Amoxycillin 500mg capsules, manufactured by Ecomed Pharma Ltd and marketed by DevineKings Pharmaceutical Ltd. This recall was initiated following reports of serious adverse drug reactions from patients who used the batch with lot number 4C639001. Additionally, NAFDAC has recalled Acetazolamide Tablets USP 125mg, manufactured by Rubicon Research Private Ltd, due to contamination issues. The affected batch number is 30575HF1. Acetazolamide is used to treat conditions such as glaucoma, epilepsy, and…

Nigeria’s petroleum products import from Malta surged to N766.81 billion in the third quarter of 2024, despite the operational status of the Dangote Refinery. This notable increase was highlighted in the latest trade data released by the National Bureau of Statistics (NBS). The analysis revealed that imports from Malta were among the top five for Q3, including motor spirit ordinary, gas oil, durum wheat, cane sugar meant for sugar refineries, and used vehicles with diesel or semi-diesel engines of large cylinder capacity. The report stated: “Analysis by trading partners reveals that imports from China were valued at N3,574.79 billion, representing…

we\ The Naira is back to appreciation against the dollar at the official foreign exchange market 24 hours after it depreciated. The Central Bank of Nigeria exchange rate data for Tuesday showed that the Naira strengthened to N1,525 per dollar from N1,538.50 traded on Monday. This represents an N13.5 gain against the dollar compared to the N1,538.50 exchanged the previous day. Meanwhile, the black market Naira failed to appreciate, closing at N1,665 per dollar on Tuesday from N1,630 traded on Monday. The Naira had weakened for the first time in the FX market on Monday since the CBN introduced the…

The Oyo State Civil Service Commission has announced the commencement of interviews for the recruitment of officers into various cadres in the Civil Service. This was made known by the Commission’s Chairman, Alhaji Baale Kamoru Abiodun Aderibigbe JP, in a press release. The interviews will begin with the Education Officer cadre on December 11th and 12th, 2024, and will continue with other cadres from December 16th to 20th, 2024. According to the statement, applicants should check the State’s job portal and their pages from December 9th for the Education Officer cadre and from December 11th for other cadres. Invited applicants…

Atsi Kefas, the sister of Taraba State Governor Agbu Kefas, has tragically passed away after being shot by armed robbers. The incident occurred last Thursday along Kente Road in the Wukari Local Government Area, where Atsi was traveling with her mother, Jumai Kefas. During the attack, a police officer assigned to escort the family accidentally shot Atsi while attempting to fend off the assailants. Atsi was initially treated at the Federal University Teaching Hospital in Wukari before being transferred to a private hospital in Abuja for specialized care. Unfortunately, she succumbed to her injuries on Monday night. The governor and…

President Bola Ahmed Tinubu has emphasized the importance of peace and unity in Nigeria, urging citizens to look beyond political differences and recognize their shared identity. Speaking at the inauguration of the Bola Ahmed Tinubu Technology Innovation Complex (BATTIC) at the Nigeria Immigration Service (NIS) headquarters in Abuja, Tinubu likened Nigerians to residents of a single building, each occupying different rooms. Upon his arrival at the NIS headquarters, Tinubu was welcomed by the Minister of Interior, Olubunmi Tunji-Ojo, and the Comptroller-General of Immigration, Kemi Nandap. The newly commissioned BATTIC includes several key facilities: the Command and Control Centre for regular…

Shooting Stars head coach, Gbenga Ogunbote, has shifted attention to his side’s next league clash against Kano Pillars. The Oluyole Warriors defeated Sunshine Stars 1-0 away last Sunday, marking their first away win of the season. The Ibadan club will host Pillars at the Lekan Salami Stadium, Adamasingba, Ibadan, on Sunday. Ogunbote said they will do their best to secure maximum points in the game. “That’s another game, this game has come and gone, it won’t come again until the second round, so we shift focus to the next game. “All we need to do next is to do our…