CBN issues directive on forex
The Central Bank of Nigeria yesterday issued a directive instructing commercial banks to refrain from utilizing their foreign exchange revaluation gains for dividends and operational expenditures. The new directive was conveyed in a letter dated September 11, 2023, signed by the Director, Banking Division Department, Haruna Mustafa, and it is expected to be implemented immediately. […]
Agony as more dead bodies emerge from Morocco’s deadly earthquake disaster
Villagers reportedly wept for lost relatives in the rubble of their homes yesterday as the death toll from Morocco’s deadliest earthquake in more than six decades rose to almost 2,700 and rescuers raced against time to find survivors. Search teams from Spain, Britain and Qatar were reportedly joining Moroccan rescue efforts after a 6.8 magnitude […]
Enugu Govt. commends UK for Visa gesture
The Enugu State government has commended the United Kingdom government for setting up a visa centre in the state to facilitate visa applications by residents in the state, the South-East zone, and the country at large. In a statement, the Secretary to the State Government (SSG), Prof Chidiebere Onyia, recalled that the visa centre was […]
FG unveils Power Outage Reporting System
The Federal Government yesterday unveiled an application called the Power Outage Reporting System, which enables consumers to report electricity disruptions to distribution companies under monitoring by the Nigerian Electricity Regulatory Commission. It reportedly unveiled the applications at the Abuja headquarters of NERC, using the Abuja Electricity Distribution Company AEDC as a test-run DisCo. The NERC […]