Notify customers before debt recovery moves, CBN tells banks

  The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process is transparent, courteous, and fair. CBN stated this in a document released on Thursday on its website titled “Revised Consumer Protection Regulations.” It noted […]

Tinubu’s CoS Calls For Regulation Of Social Media

  President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, has said that social media has become a societal menace and must be regulated. Gbajabiamila said this while representing Tinubu at the public presentation of a book, “Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole” written by the a Minister for Works and Housing, […]

REPORT: Herbal Concoction Kills Two In Kogi

  A 62-year-old man, fondly known as Okiribo, and a 45 year-old man Samuel Omo-Folorunsho have died in Isanlu community, Kogi State after they reportedly drank her drink made of Gegemu roots and other items. Two other persons are also currently in the hospital battling to survive after drinking the self-made herbal drink in excess […]

DAILIES TOP STORIES: Foreign airlines fear $200m loss over naira depreciation

  Friday 09 February 2024 BOI to disburse N200bn to manufacturers, SMEs FERMA repairs roads, links stranded Niger Delta communities Banks dollar sale falls as naira weakens to 1,479/dollar Motorists seek extension of Lagos-Ibadan Expressway streetlights FG, MultiChoice agree to $37m tax settlement 14-day strike notice: FG, Labour differ on aborted peace deal Tinubu Directs […]

85 million Nigerians lack access to electricity — World Bank

  The World Bank has said that about 85 million Nigerians lack access to electricity with many businesses and households not connected to the national grid. This was disclosed on Thursday by the Managing Director of Operations, World Bank Group, Anna Bjerde at the Abuja Roundtable for Economic Transformation in West and Central Africa, which […]

Flutterwave gets order to recover N19 billion from POS merchants

  A Nigerian court has granted Nigerian fintech giant Flutterwave the permission to reclaim ₦19 billion lost in unauthorised transactions through Point-of-Sale (POS) devices. About 6,000 accounts across 35 banks and financial institutions are affected. This development comes after a months-long investigation into a technical glitch that led to the fraudulent funds transfers. The Mareva […]

EXTRA: Tinubu Orders Recitation Of National Pledge At Public Events

  President Bola Tinubu has directed the mandatory recitation of the National Pledge after the National Anthem at every official and public engagement. Tinubu who spoke at the groundbreaking ceremony of the 3,112 housing-unit Renewed Hope City at Karsana, Abuja, on Thursday said the imperativeness of respecting national values, promoting the nation’s ideals, and abiding […]

Glo, MTN resolve interconnect debt dispute

  The interconnect debt dispute between MTN Nigeria Communications Plc and Globacom Limited has been resolved. The Nigerian Communications Commission disclosed this on Thursday in a statement signed by the Director, Public Affairs Department, Reuben Muoka. This development between both firms occurred within the 21-day grace period the NCC gave Glo in January. 61.54 million […]

Niger orders release of 25 protesters of economic hardship

  Gov. Umaru Bago of Niger on Thursday ordered the release of 22 male and three female protesters who protested against nationwide economic hardship on Monday in Minna, but were arrested by the police. Commissioner for Information and Strategy, Hajiya Binta Mamman, told a news conference in Minna that a mix-up led to the arrest […]