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Wednesday, 04 December 2024 04:45

CBN provides contact details for reporting ATM and cash withdrawal issues

The Central Bank of Nigeria (CBN) has provided designated contacts for bank customers to report difficulties experienced with withdrawing cash over the counter or at automated teller machines (ATMs). On November 29, Olayemi Cardoso, governor of CBN urged bank customers to report any withdrawal challenges via designated numbers. Prior to the directive, the financial regulator had asked banks to prioritise cash disbursement through ATMs or face penalties. In a circular on Tuesday, jointly signed by Solaja Olayemi, its acting director of currency operations, and Isa-Olatinwo Aisha, its acting director of branch operations, CBN provided designated lines to help address customers’…

Wednesday, 04 December 2024 04:44

South Africa eases visa requirements for Nigerians

South African President Cyril Ramaphosa has announced a significant relaxation of visa regulations for Nigerian citizens, allowing tourists to apply for a visa without the need to submit their passports. Ramaphosa made the announcement on Tuesday during the opening of the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) in Cape Town, an event attended by Nigerian President Bola Tinubu. The change, aimed at facilitating easier travel for Nigerian tourists and businesspeople, includes provisions such as the introduction of five-year multiple-entry visas for eligible Nigerian business owners. Bayo Onanuga, Tinubu’s spokesperson, shared the details of the announcement in a…

Wednesday, 04 December 2024 04:40

Afenifere condemns police ‘abduction’ of Dele Farotimi, demands his immediate release

Dele Farotimi, Legal Practitioner, civil rights activist and member of Afenifere National Caucus was on 3rd December 2024 at about 11.00 am abducted and whisked away from his law office at Lekki, Lagos for undisclosed reasons by Policemen of the Rapid Response Squad assaulting also other lawyers, workers and forcefully snatching their phones to prevent communications of the official terrorist attack. According to a statement released last night by a Sunday Abutu identified as Ekiti State Police spokesman, members of the Ekiti police force came to Lagos to arrest Farotimi based on a petition of 'defamation of character and cyberbullying'…

Tuesday, 03 December 2024 04:54

FG raises fresh $2.2bn loan via eurobond - DMO

The Debt Management Office (DMO) says Nigeria has raised $2.2 billion in the international capital market through its latest eurobond auction. The development comes two years after the federal government issued its last eurobond. In November, Wale Edun, minister of finance and coordinating minister of the economy, said approximately $1.7 billion is expected from a eurobond offer and $500 million from a sukuk financing to strengthen the country’s finances and support economic reforms. The sum is expected to be used to finance the N9.1 trillion deficit in the 2024 budget In a statement on Monday, DMO said it auctioned two…

Sunday, 01 December 2024 04:39

Nigerian Customs says studying Appeal Court judgement against it for imposing duty on personal items

The Nigeria Customs Service (NCS) says it is yet to obtain the full text of a recent judgement of the Court of Appeal’s ruling, which exempted personal items from import duty charges. According to the NCS in an X post on Thursday, the service will respond to the judgment in the coming days, after a thorough review of its content. “The service is yet to obtain the full judgement to enable her study and take the next line of action. In coming days, the service will respond accordingly after a careful study of the content of the judgement,” the NCS…

Sunday, 01 December 2024 04:38

‘Everything I told army during interrogation was leaked to suspected oil thieves’, media chief detained by Army says

‘Fisayo Soyombo, founder of the Foundation for Investigative Journalism (FIJ), says everything he told army personnel while he was being interrogated was leaked to suspected oil thieves. Soyombo spoke on Saturday when he appeared on Arise Television. The pioneer editor of TheCable was detained for three days by the 6 Division of the army in Port Harcourt, the Rivers state capital. He was released on Friday. Soyombo had said he was released because news of his arrest made it to social media. The FIJ founder said he does not trust any public institution in the country because of his experience…

Sunday, 01 December 2024 04:37

54 bodies recovered so far after Kogi boat accident - Official

No fewer than 54 bodies have been recovered from the boat accident involving about 200 traders in Kogi State. The figure was disclosed to our correspondent on Saturday by the Head of Operations covering Kogi State at the National Emergency Management Agency, Justin Uwazuruonye. Uwazuruonye said, “The figure of the recovered bodies as of today (Saturday), according to the Kogi State Emergency Management Agency, Red Cross, and NEMA is 54. They were recovered dead. “We tried to know if they could make the manifest available, but they said there was no manifest, and if there is no manifest, we can’t…

Saturday, 30 November 2024 05:02

P’Harcourt refinery stops operations 3 days after re-commission

The fanfare that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have melted away leaving the hope and expectations of many Nigerians hanging. A visit by Saturday PUNCH to the refinery on Friday revealed that there was no activity on site, as some workers met by our correspondent claimed that the refinery was undergoing calibration which might last till next week. The Port Harcourt Refinery has faced numerous delays and missed deadlines to resume operations. However, the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Melee Kyari, inaugurated the new plant…

Saturday, 30 November 2024 04:58

Tinubu’s Tax bills will take away North’s ability to survive - Borno gov

Governor Babagana Umara Zulum of Borno State has criticised the tax reform bills, saying it will drag the northern part of the country backward. The bills, transmitted to the National Assembly by President Bola Ahmed Tinubu in September, have faced stiff opposition, especially from the north, with stakeholders calling for its withdrawal. Daily Trust had reported how Northern governors, traditional rulers, and Northern Elders Forum rejected the proposed bills, saying they were not in the interest of the nation. However, despite protests and rejections of the pieces of the legislation, the Senate passed the bills for second reading on Thursday…

Saturday, 30 November 2024 04:57

TETFund suspends foreign scholarship for academics due to high costs, abscondment

The Tertiary Education Trust Fund (TETTFund) said it would from January 2025 halt its foreign scholarship funding for Nigerian academics under the TETFund Scholarship for Academic Staff (TSAS) scheme. The Fund disclosed the decision on Thursday in a statement by its spokesperson, Abdulmumin Oniyangi. Oniyangi noted that the suspension is in response to the “excessive cost” of training in foreign institutions as well as the “high rate of abscondment of foreign scholars”. The TETFund spokesperson said the board of trustees of the agency has approved the suspension. He added that the suspension is effective from 1 January 2025 with the…

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Friday, 29 November 2024 04:33

Fewer than 200 Psychiatrists serve over 200m Nigerians – APN

The Association of Psychiatrists in Nigeria (APN) has raised concerns over the country’s severe shortage of mental health professionals, revealing that fewer than 200 psychiatrists are responsible for the mental well-being of Nigeria’s population of over 200 million. The APN President, Taiwo Obindo, a professor, highlighted this alarming disparity during the opening of the association’s 55th Annual General Conference and Scientific Meeting in Ilorin. The event, themed “Prioritising Mental Health Needs of Nigeria in a Depressed Economy: An Urgent Call for Integrated, Comprehensive, and Sustainable Interventions,” emphasized the critical state of mental health care in Nigeria. Obindo attributed the dwindling…

Friday, 29 November 2024 04:32

Amnesty International: 24 killed, 1,200 arrested during #EndBadGovernance protest

Amnesty International has reported that at least 24 protesters were killed and 1,200 others arrested during the recent #EndBadGovernance protests in Nigeria. The nationwide demonstrations, which lasted from August 1 to August 10, were driven by widespread frustration over the country’s economic hardship and governance issues. The protests, initially peaceful, turned violent in several regions, with security forces reportedly using teargas and live ammunition against demonstrators and journalists. Cases of looting and vandalism of both public and private property were also reported, particularly in some northern states. In a report titled “Bloody August: Nigerian Government’s Violent Crackdown on #EndBadGovernance Protests,”…

Friday, 29 November 2024 04:31

UK rakes in N40bn in visa fees from Nigeria in one year, The Cable analysis shows

The British government earned over N40 billion processing visas for Nigerian nationals between June 2023 to the same month in 2024. According to Marc Owen, director of visa, status and information services at UK visas and immigration, at least 225,000 UK visa applications from Nigeria were processed in the period under review. Owen spoke at the launch of Africa’s biggest UK visa application centre (VAC) in Lagos. “In the year to June 2024, we processed more than 225k UK visas for Nigerian nationals across all categories and this new partnership demonstrates our continued commitment to ensuring our visa services are…

Wednesday, 27 November 2024 17:21

Obituary: Bene Madunagu, academic colossus, Marxist scholar and women’s rights activist, passes on @ 77

Professor Benedicta Madunagu, a pioneering feminist, revolutionary socialist, human rights activist, and distinguished botanist, passed away on November 26, 2024, in Calabar, Cross River State, Nigeria, at the age of 77. A lifelong committed revolutionary and scholar, Comrade Bene (as she was fondly called) was a prominent figure in the Nigerian Left, dedicated to social justice, gender empowerment, and progressive political transformation. She was a professor of Botany at the University of Calabar and co-founder of the influential Girls' Power Initiative (GPI), an organization committed to girls' and young women's empowerment. Born in Afaha-Essang, Akwa Ibom State, Professor Madunagu's academic…

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