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Crypto ban: We acted in Nigerians’ best interest – CBN

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system. Mr Emefiele made the declaration on Tuesday, February 23, 2021, while briefing a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, on its directive to institutions under its regulation. Describing the operations of cryptocurrencies as dangerous and opaque, the CBN Governor said the use of cryptocurrency contravened an existing law. He said given the fact that cryptocurrencies were issued by unregulated and...

NUT demands declaration of emergency on security

Nigeria Union of Teachers The Nigeria Union of Teachers, NUT, has frowned at the abduction of students and teachers of Government Science Secondary School, Kagara, in Niger State by bandits. To this end, the union tasked the federal government to adopt different approach in tackling insecurity as according to it, the current strategy being deployed by security agencies was not yielding any meaningful fruit. This was as it demanded a declaration of total state of emergency on security situation in the country by the government. The NUT, reacting to the development in a statement tagged:” Terrorist Attack on Schools and Abduction of Students/Teachers One Incident Too Many”, signed by its General Secretary, Dr Mike Ike Ene, regretted the reported incident. “We call on the Federal Government t...

Nigerian senate investigates syringe manufacture, importation

The Senate has directed its committees on Health, Trade and Investment and Customs to investigate the manufacture, importation and policy guidelines for syringe and needles in the country. Consequently, the committee is to invite the Federal Ministry of Health, Trade and Investment, Nigeria Customs Service (NCS) and manufacturers of syringe and needles as the committee carries out the investigation. These resolutions were sequel to a motion sponsored by Sen. Ibrahim Oloriegbe (APC-Kwara) and cosponsored by Sen. Sadiq Suleiman (APC-Kwara) during plenary on Thursday. The upper chamber also directed the ministry of health to provide explanation on the policy for the procurement and utilisation of syringe and needles by federally-owned, state and private hospitals and agencies of the ministry....

DPR to upgrade downstream petroleum sector operations

File Photo The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process. In a statement in Abuja, Director/Chief Executive Officer of the DPR, Engineer Sarki Auwalu, stated that the upgrade would be to global standards and would be driven by its deployment of improved technology. Auwalu, who was speaking at a virtual meeting with members of the Major Oil Marketers Association of Nigeria, MOMAN, in Abuja, noted that the DPR was currently deploying appropriate technology to enhance value for operators and investors alike in the downstream sector . Specifically, Auwalu explained that the DPR had concluded plans to launch the Downstream Remote Monitoring Systems, DRMS, an in...

IGP sues Sahara Reporters, publisher over tenure extension bribe report

The Inspector-General of Police, Mohammed Adamu, has instructed his team of lawyers to commence legal action against the publisher of Sahara Reporters, Omoyele Sowore, over a report by the medium wherein the IGP was alleged to have expended N2 billion on his purported quest to get a one-year tenure extension at the helms of the Nigeria Police Force, spokesman, Frank Mba said on Monday. Adamu was due to retire from the service on February 1 but his tenure has now been extended by President Muhammadu Buhari, albeit under controversial circumstances. Mba, in a statement in Abuja said the three-month extension of tenure of the Inspector General of Police (I-G), Mohammed Adamu, is strictly the prerogative of the President which needed no bribe to effect. He said the reports in some sections of ...

Kano arrests, fines 200 for violating coronavirus protocols

About 200 people have been arrested, fined or incarcerated for violating safety protocols as the joint team of security agencies, mobile courts and COVID-19 marshals continue to sensitize and enforce safety protocols in the state. This was announced in Monday by the Kano state commissioner for Information, Malam Muhammad Garba, while addressing newsmen. “Of the total figure of the violators, 102 were fined N5,000 each, while 25 others have been remanded in prison by the 21 Mobile Courts set up to deal with non-compliance to safety protocols which had been identified as a huge challenge to curbing the spread of the virus. “The enforcement measure became necessary to preserve public safety and ensure full compliance with the Coronavirus prevention protocols, particularly the use of a face ma...

PTF: Nigeria has over 100 molecular laboratories

Nigeria can now boast of over 100 molecular laboratories for the testing of COVID-19 in the country, the Chairman of the Presidential Task Force (PTF), Boss Mustapha, has said. This is just as the Chief of Staff to the President, Prof Ibrahim Gambari, flayed the non challant attitude of people in his home state, Kwara, to the pandemic. The SGF who spoke Tuesday at the commissioning of State House Clinic Special Care Centre (COVID-19 Isolation Centre) stated that the number of molecular laboratories grew from two last year to more than 100 as at today and are spread across the 36 states of the federation. His words: ‘‘From just two molecular laboratories for the testing of COVID-19 in Nigeria, we now have over 100 molecular laboratories, public and private, across the 36 States of the Feder...

Yoruba youths: There’ll be crisis if Sunday Igboho is arrested

The Presidency has been advised against the planned arrest of Sunday Adeyemo also known as Sunday Igboho. The National President of Yoruba Youth Socio-Cultural Association, Olalekan Hammed, who said this in an interview with our correspondent said arresting Igboho will trigger a crisis in the area. He said Igboho offered to do what security agencies had not been able to do for the people, saying many indigenes of the land had been maimed and killed for so long by herdsmen. According to him, arresting Igboho will make the people lose confidence in the Federal Government. He said, “Ibarapa youths may react violently if Sunday Igboho is arrested. They will also lose hope in both the federal and the state government. “Ibarapa and other communities across Yoruba land seriously need to be guaran...

Edo governor, PDP leaders fighting over sharing formula for positions – APC

Chairman of the Caretaker Committee of the All Progressives Congress, (APC), in Edo State, Col. David Imuse (Rtd) said Governor Godwin Obaseki-led government is unexplainably slow because of hidden conflict. Imuse alleged that at a time when the number of persons who test positive for the Coronavirus (Covid-19) is on the increase, Obaseki and the ruling Peoples Democratic Party (PDP), are busy fighting themselves. Imuse’s position was contained in a statement by the Assistant Publicity Secretary of the party, Victor Ofure Osehobo. He added that the alleged infighting is a confirmation that Obaseki has no plans for the state. According to the statement, the infighting over positions and booties of victory has already thrown the state into confusion, as the wheel of governance has since stoo...

UK worried about Alexei Navalny’s safety after Russia detains him – minister

Britain is worried about the safety of Kremlin critic Alexei Navalny after he was detained on return to Moscow, British Vaccine Deployment Minister Nadhim Zahawi said on Monday. Russian police detained Navalny on arrival in Moscow on Sunday after he flew home to Russia from Germany for the first time since he was poisoned last summer. “The Foreign Secretary will say more about this, but we are very worried about the wellbeing and safety of Alexei Navalny. And of course, we have to make sure that the Russian government answers why a poison was used against Alexei Navalny,” Zahawi told Sky. Reporting by Guy Faulconbridge and Kate Holton, editing by Sarah Young Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a d...