Ekweremadu Escapes Suspected Assassination Attempt


The Deputy President of the Senate, Ike Ekweremadu, has escaped a suspected assassination attempt. In a press statement by the spokesman of the Deputy Senate President, Mr Uche Anichukwu, the attempt occurred at about 10:00am local time on Tuesday between Apo Flyover and Dantata Construction Company’s yard, close to the

The bailout the economy needs


During the inauguration of his cabinet, President Muhammadu Buhari last week commended the Central Bank of Nigeria (CBN) for assisting more than 30 states of the federation with concessionary loans to offset salary arrears for their workers. The President observed that the Bank also implemented country-specific and innovative policies that

Kogi Politics: Bailout Fund Has Been Politicized By APC – Shaibu


The Chief Communication Manager to Kogi State Governor has accused the All Progressives Congress in the state of frustrating the release of the bailout fund from the CBN to Kogi State. Speaking on Channels Television’s Sunrise Daily, Phrank Shaibu stated that Governor Wada had applied for a bailout fund of 80.

CBN Pens Letter Refuting FRC’s Allegations of Infractions Leveled Against Stanbic IBTC


In response to FRC’s statement that it has suspended some of its directors, Stanbic IBTC earlier this week clarified its position and stated that its directors have not been ousted. The Central Bank of Nigeria (CBN) is also weighing in on the issue. The institution penned the following letter in

BVN: Nigarian Banks Block Five Million Customers’ Accounts


At least five million bank accounts were deactivated by Deposit Money Banks operating in the country on Saturday night following the October 31, 2015 deadline set by the Central Bank of Nigeria for bank customers to register and obtain their Bank Verification Numbers, findings by our correspondents showed on Monday.

CBN Extends BVN Registration For Nigerians In Diaspora


The Central Bank of Nigeria (CBN) has extended the timeline for Nigerian bank customers in the diaspora to enroll for their Bank Verification Numbers (BVN) to January 31, 2016. A statement released by the bank’s Director of Corporate Communications, Ibrahim Mu’azu, on Monday explained that the extension was to enable

Stanbic IBTC vs. FRCN: Court Fails To Sit 

The Federal High Court sitting in Lagos on Tuesday failed to sit to hear a suit instituted by Stanbic IBTC against the Financial Reporting Council of Nigeria, FRCN, and National Office for Technology Acquisition and Promotion, NOTAP. Presiding Justice Ibrahim Buba was absent and the proceedings had to be adjourned

NLC, TUC Commence Strike Over Withheld Bailout Fund In Kogi State


Following the non-release of bailout funds by the Central Bank of Nigeria, CBN, public service workers in Kogi State have been directed to stay off work on November 2 as a way of protesting. READ ALSO: Oprah Winfrey Clears The Air On ‘Secret Son’ Story: I Assisted Him In The

Twitter Nigeria Reacts to the BVNpocalypse

Twitter Nigeria, this morning, woke up to the BVNpocalypse. Several individual and corporate accounts have been suspended because people have either not registered for the BVN (Biometric Verification Number) or they have registered and haven’t linked their BVN to their other accounts.

BVN Deadline: Banks To Deactivate Accounts Of Over 26M Nigerians As CBN Warns Against Fraudsters

With Today, November 1, 2015, being the deadline for Bank Verification Number, BVN, registration, less than half of the 52 million bank customers have been registered, a development that may have started causing distress in the banking sector. Photo credit: The Guardian