Proof of repatriation required to get new export licences – FG tells Exporters
The federal government says intending exporters would have to show proof of formal repatriation of proceeds before new export licences and permits are granted to them. Mohammed Idris, minister of information and…
EFCC unveils plans to rehabilitate convicted internet fraudsters
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has said the commission plans to rehabilitate convicted internet fraudsters with lesser sentences…
Russia adds ‘LGBT movement’ to list of extremist groups
Russia has added the “LGBT movement” to a list of extremist and terrorist organisations that will be tracked by the country’s Federal Financial Monitoring Service (Rosfinmonitoring). Rosfinmonitoring can freeze bank…
Budget padding by national assembly isn’t illegal, says Bwala
Daniel Bwala, a legal practitioner and public affairs analyst, served as spokesperson for the Peoples Democratic Party (PDP) presidential campaign council in the 2023 general election. In this interview with TheCable’s…
Customs cancels 25% penalty on improperly imported vehicles, offers reason
The Nigeria Customs Service has cancelled the 25 percent penalty on Improperly Imported vehicles. The spokesman of the NCS, Abdullahi Maiwada, made this known in a…
Friendly: Super Eagles hand Ghana’s Black Stars defeat
The Super Eagles of Nigeria on Friday handed the Black Stars of Ghana a 2-1 defeat in an international friendly in Marrakech, Morocco. Goals by Cyriel Dessers and Ademola…
Abure no longer National Chairman of LP – NLC
The Nigeria Labour Congress has said that Julius Abure was no longer the National Chairman of the Labour Party. The position of the labour union was made known by…
Russia, China Veto US Bid On Gaza ‘Ceasefire’ At Security Council
Russia and China on Friday vetoed a US-led draft resolution at the Security Council on a ceasefire in Gaza, joining Arab countries in saying it did not pressure Israel, with Moscow accusing Washington of a “hypocritical…
Oil Theft: ‘Actual stealing at export terminals, flow-stations, not refining camps’
Security operatives, lawyers, activists, environmentalists, and other stakeholders of the Niger Delta have revealed that the actual stealing of the nation’s crude oil occurs at the various export terminals and flow…
World leaders condemn Russian concert hall attack
World leaders denounced a deadly attack by gunmen on a Moscow concert hall on Friday that killed more than 60 people and wounded over 100. Attackers dressed in camouflage uniforms entered the Crocus City venue ahead…
Impeachment: Edo CJ constitutes panel to probe allegations against Shaibu
The Chief Judge of Edo State, Justice Daniel Okungbowa, has set up a seven-member panel to probe the accusations brought against the state’s deputy governor, Philip Shaibu, by the state House of Assembly. A statement by…
Major Crypto Exchange OKX shuts down in India, advices users to withdraw all funds
Major Cryptocurrency exchange OKX has announced that it is shutting down its services in India due to local regulations. The Crypto exchange advised its users to withdraw all funds on the platform by the end of April.…
Stamp duty: Court refuses to restrain CBN from disbursing ‘trillions’ deposited by commercial banks
The Federal High Court sitting in Abuja has refused to restrain the Central Bank of Nigeria (CBN) from disbursing all accrued deposits paid into the CBN…
Delta: Militant leader who masterminded killing of soldiers in Okuama on the run – Report
Details have emerged of the mastermind responsible for the killing of sixteen (16) soldiers recently in Okuama, a community in Ughelli South local government area of Delta State. The militant leader (name withheld)…
Rape convict Robinho arrested in Brazil
Former Manchester City and Real Madrid footballer Robinho was arrested Thursday in Brazil, after losing a last-minute court bid to delay serving his nine-year sentence for raping a woman a decade ago. Supreme Court…
Jeff Bezos now world’s richest with $201bn, overtakes Bernard Arnault
Jeff Bezos, the founder of Amazon, on Thursday, replaced Bernard Arnault, a French entrepreneur, as the world’s richest person. According to data from Bloomberg…
Those Alleging Malicious Embellishment of Budget Don’t Understand the Arithmetic – Tinubu
President Bola Tinubu, late last night, reacted for the first time to allegation of budget padding by Senator Abdul Ningi from Bauchi State, and…
Tide turns for naira but foreign investors want more
The Central Bank of Nigeria (CBN) is making all the right moves to attract foreign portfolio investors (FPIs) into a market that burnt fingers in the last eight years, but…
Thousands May Miss Ramadan Umrah As S/Arabia Fails To Issue Visas
Thousands of intending pilgrims from Nigeria may miss the 2024 Ramadan Umrah pilgrimage to Saudi Arabia over the decision of the authorities to stop issuing Umrah visas, Daily Trust can report. Already, the…
Many Feared Dead As Bandits Invade Niger Market
An unspecified number of people have been reportedly killed when bandits invaded a market in Madaka community, Rafi LGA of Niger State. The residents said the attackers invaded the market around 3pm on Thursday when the…
Drug trafficking: Court jails Lagos socialite’s convicted friend 15 years
A Lagos Federal High Court has convicted and sentenced a convict, Mrs. Odeyemi Omolara, to another 15 years imprisonment for drug trafficking. The convict, Omolara, who is currently serving a 25-year jail-term, was…
Kanu’s family knocks South-East politicians for abandoning IPOB leader
The family of the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, has criticised political leaders in the South-East for failing to meet with President Bola Tinubu to secure the release of their son. The…
Naira hits two-month high of N1,382 on CBN’s FX reforms
Nigeria’s naira rose to a two-month high of N1,382.35 per dollar on Thursday at the official foreign exchange market helped by foreign exchange reforms by the Central…
N50bn monthly diesel costs threaten Nigeria’s communication backbone
Rising diesel prices are threatening Nigeria’s communication backbone, with telecommunication operators’ spending on the fuel rising to N50.28…