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The remains of the late CEO of Access Holdings, Herbert Wigwe, his wife, and his son, on Friday, arrived in Nigeria from the United States. This is ahead of the funeral service in Isiokpo, Ikwerre Local Government Area of Rivers State. Mr Wigwe, his wife Chizoba and son Chizi were part of the 6 people who died on 10 February following a chopper crash in California. The helicopter crashed near the California-Nevada border. Remains of Herbert Wigwe, wife, son arrive hometown for burial (PHOTO CREDIT:…

The House of Representatives is moving to review the parameters of the 2024 budget due to the depreciation of the Naira against major currencies. The House, on Thursday, mandated its Committees on National Planning and Economic Development, Appropriation and Finance, to review the parameters in the budget, particularly the exchange rate. This resolution followed a motion of urgent public importance moved by Kafilat Ogbara (APC, Lagos) during plenary. The naira was on a free fall for months following the decision…

The Central Bank of Nigeria on Wednesday issued a stern warning to all development finance institutions, primary mortgage banks, and microfinance banks regarding the timely submission of their statutory monthly returns through the Financial Institutions Returns Automation (FinA) application. FinA is an advanced off-site surveillance automation system for online submission of returns by financial institutions to the CBN, sponsored by USAID. Deployed in 2011, its key functions include collecting data from FIs…

The Nigerian Ports Authority (NPA) has announced an ambitious $1 billion reconstruction plan for the Tincan Island Port Complex as well as the comprehensive rehabilitation of Apapa, Rivers, Onne, Warri and Calabar Port complexes. The Authority has also earmarked for similar reconstruction, under the new ports developments plan, the Badagry Deep Seaport, Snake Island, Burutu and Ondo Deep Seaports. Other initiatives on the card towards enhancing port competitiveness are the emplacements of the Port Community…

The zonal commander of the Economic and Financial Crimes Commission (EFCC), Halima Mustafa Rufa’u, has hinted that illegal miners are sabotaging solid mineral resources in Osun State. She also noted the unwholesome development was affecting targeted revenues, thus thwarting the economic growth of the state. Mrs Rufa’u, who is an assistant commander, made the disclosure when she paid a courtesy visit to the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi, in his palace in Ile-Ife, Osun State. Towards this end, the EFCC…

The two apps are owned by Meta, an American company offering online social networking services. It was observed that the two apps stopped working around 3:30 p.m. Nigerian time. Facebook logged out users from their accounts, leaving them unable to get back in. On Instagram, some users couldn’t refresh their feeds. Confirming the outage on his verified X handle, Meta communications head Andy Stone, said “We’re aware people are having trouble accessing our services. We are working on this now.” Instagram…

Crypto exchange platform, Binance, on Tuesday disclosed plans to discontinue all Nigerian Naira (NGN) services on its platform, with a detailed timeline provided for users to take necessary actions. According to the notice it sent to its customers, Binance users are urged to withdraw their naira balances, trade their NGN assets, or convert naira into cryptocurrencies before the discontinuation of NGN services. It noted that this discontinuation affects NGN services exclusively, and users can continue to utilise…

The Bank of Ghana on Monday announced the suspension of the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN). The suspension, effective 18 March, will run for one month. According to a statement by the Ghanaian central bank, the suspension is in accordance with section 11 (2) of the Foreign Exchange Act 2006, (Act 723). It said the move comes as a response to several breaches of the foreign exchange market regulations, including instances of fraudulent…

A rights campaigner, Olukoya Ogungbeje, on Monday, filed a suit before a Federal High Court Lagos, against telecommunications companies in Nigeria, challenging the recent barring of phone lines of citizens. NAN reports that the applicant joined as respondents to his suit, the Nigerian Communications Commission (NCC), the Chief Executive Officer of NCC, Aminu Mada, and MTN Nigeria Communications Plc. Other respondents are Airtel Networks Nigeria Ltd., Globacom Ltd. and Emerging Markets Telecommunication Services…

A rights campaigner, Olukoya Ogungbeje, on Monday, filed a suit before a Federal High Court Lagos, against telecommunications companies in Nigeria, challenging the recent barring of phone lines of citizens. NAN reports that the applicant joined as respondents to his suit, the Nigerian Communications Commission (NCC), the Chief Executive Officer of NCC, Aminu Mada, and MTN Nigeria Communications Plc. Other respondents are Airtel Networks Nigeria Ltd., Globacom Ltd. and Emerging Markets Telecommunication Services…