CBN Announces New Policy Update In response to evolving regulatory needs, the Central Bank of Nigeria (CBN) is considering implementing a significant measure aimed at enhancing oversight in foreign currency transactions for educational fees. This proposal involves imposing an annual limit of $10,000 on payments made through Bureau De Change (BDC) operators for tuition at…
The Defence Headquarters has vehemently refuted recent claims made by SaharaReporters alleging that Nigeria’s Guards Brigade has been placed on high alert due to suspicions of a coup plot. The article, published on February 25, 2024, suggested unusual movements within the Guards Brigade, sparking concerns of an impending coup. It further implied the involvement of…
A violent clash between two rival bandit groups near Mada, on the road between Gusau and Tsafe Local Government Areas (LGAs) in Zamfara State, has resulted in scores of casualties. The confrontation, which occurred on Sunday morning, has been identified as one of the bloodiest encounters in the ongoing feud between the Kachallah Mai Yankuzu…
In a significant development for Nigeria’s financial sector, the head of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, hinted at the possibility of the Central Bank of Nigeria (CBN) permitting Bureaux De Change Operators to resume foreign exchange activities at the official market. This announcement follows an emergency meeting between…
Deputy Governor Raises Alarm: Philip Shaibu Raises Alarm Over Alleged Plot to Remove Him from Office The Deputy Governor of Edo State, Philip Shaibu, has sounded the alarm regarding a purported scheme aimed at ousting him from his position. Philip Shaibu, who recently clinched the factional candidacy of the Peoples Democratic Party (PDP) for the…
Championing Fairness: Hon. Dennis Idahosa’s Protest for Transparent Electoral Processes In the aftermath of the APC primary election in Edo State, Hon. Dennis Idahosa has emerged as a leading figure advocating for fairness within the party’s electoral framework. With a bold demonstration staged at the party’s headquarters in Abuja, Idahosa amplifies the urgency of addressing…
The Independent National Electoral Commission (INEC) has reaffirmed the integrity of the 2023 Nigerian election, stating that it was conducted with fairness and credibility, accurately reflecting the desires of the Nigerian populace. In its recently released 526-page report titled ‘The 2023 General Election Report’, INEC underscored the inclusivity and diversity witnessed in the election, showcasing…
EFCC: Allegations of Fraud In the ongoing trial of Okpalugo Ifeoma, a retired Assistant Commissioner of Police, alongside co-defendants Olumide Odumosu, Helen Nwafor, and Sule Yusuf Tegina, the gravity of the allegations cannot be overstated. The accused individuals stand accused of orchestrating a complex scheme amounting to an alleged N1.3 billion fraud, with the purported…
In a surprising turn of events, a group of fervent young supporters of President Tinubu made their presence felt at the National Assembly, vehemently opposing the planned protests by the Nigerian Labour Congress (NLC). This display of fervor underscored the deep-seated divisions within the populace regarding the current state of affairs and the appropriate means…
Unveiling grave accusations by the EFCC against former Governor Abdulfattah Ahmed, alleging misappropriation of N1.6 billion in state funds for personal use, notably chartering private jets. Dive into the scandal raising concerns about financial integrity and governance ethics now! Allegations Against Abdulfattah Ahmed The Economic and Financial Crimes Commission (EFCC) has leveled grave accusations against…
