The United Kingdom in December 2023 exported £185 million to Nigeria and imported £154 million, resulting in a negative trade balance of £30.8 million (N55.2bn), the federal government has disclosed. Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the federal government is committed to changing the trend in favour of Nigeria. She spoke […]
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Operatives of the National Drug Law Enforcement Agency (NDLEA) have detained a 35-year-old lady, Chidinma Chinenye Agbazue. She was detained after being caught attempting to export 20 parcels of cannabis sativa weighing 10.70kgs concealed in African salad popularly called Abacha and dried vegetables to Doha, Qatar through the Murtala Muhammed International Airport (MMIA) Ikeja Lagos […]
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THE Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorization at N500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks emphasized that […]
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A Kano High Court sitting on Tuesday, sentenced a Chinese National, Frank Geng-Quangrong, 47, to death by hanging for stabbing his Nigerian girlfriend, Ummukulsum Sani, 22, to death. Frank, who lives in Railway Quarters Kano, was convicted on one count charge of culpable homicide. Delivering judgment, Justice Sanusi Ado-Ma’aji, held that the prosecution had proven […]
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The Nigerian Financial Intelligence Unit has exposed the alleged funding of terrorist activities in Nigeria by the Indigenous People of Biafra, bandits, and other terror groups through global crowdfunding and on sports betting platforms. The financial intelligence unit revealed how IPOB received funds through affiliates in 22 countries that have registered at least 27 entities […]
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Nigeria Contacts INTERPOL Over Fugitive Crypto-currency Chief The Federal Government, on Monday, contacted the International Criminal Police Organization and issued an arrest warrant for the apprehension of one of the detained executives of a global crypto-currency firm, Binance, Nadeem Anjarwalla, who escaped from lawful custody on Friday. It was also gathered from the Office of […]
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Nigeria’s President Bola Tinubu has hailed the office of the National Security Adviser and other security agencies over the safe release of the Kuriga schoolchildren in Kaduna State. Diplomat Nigeria reports that 287, were kidnapped on March 6 when the gunmen on motorcycles rode through their school, taking them away in an incident that sparked […]
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The Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has affirmed that the Armed Forces of Nigeria play a pivotal role in maintaining peace, stability, and social cohesion in West Africa. He stated this during a courtesy call by the Chief of Defence Staff (CDS), General Christopher Gwabin Musa, to the Ministry of Foreign […]
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Nigeria’s President Mr. Bola Tinubu has barred public funded international trips for ministers, officials and heads of agencies. Chief of Staff to the President, Mr. Femi Gbajabiamila, gave the directive in a letter to the Secretary to the Government of the Federation, Mr. George Akume. The letter cited the “current economic challenges and the […]
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Following the directive of the Federal Government, the Nigerian Sanctions Committee has revealed the identities of 15 entities including nine individuals and six Bureau De Change firms that have been sanctioned over alleged terrorism financing. The nine individuals under sanctions are: Tukur Mamu Yusuf Ghazali Muhammad Sani Abubakar Muhammad Sallamudeen Hassan Adamu Ishak Hassana-Oyiza Isah […]
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