Over 200,000 corps members has been deployed for general election- NYSC

23 Feb 2023

The National Youth Service Corps, NYSC said the Corps has deployed over 200,000 corps members as ad hoc staff for 2023 general elections. The Director General, Brigadier General Yushau Dogara Ahmed, made the disclosed this at a press conference on the scheme’s preparedness for the forthcoming general elections in Abuja on Wednesday. According to Ahmed, […]

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All banks in Ogun State have been closed due to the destruction of bank property by Rioters

22 Feb 2023

All commercial banks in Ogun State have been ordered closed by the Ogun State Bankers’ Forum. This comes after Nigerians destroyed many banks in protest of the Naira’s scarcity. The Ogun State Bankers’ Forum announced this today, Feb. 21, in a communique. It says: “Dear Ogun Bankers,  “You are aware of the massive destruction of […]

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Delta residents keep vigil in banks due to Naira scarcity [PHOTOS]

22 Feb 2023

Nigerians flocked to Delta State commercial banks as early as 6 a.m. on Wednesday in search of Naira notes. The situation has remained the same for weeks now, with customers left to their fate. A police officer on duty threatened reporters who visited some of the banks. He had insisted that the photographs be deleted, […]

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Employee of LASU dies while trying to withdraw from the ATM

22 Feb 2023

An employee of the Lagos State University, Ojo, Mr. Johnson Ademola, died Monday afternoon in a bank queue in the institution while trying to withdraw cash. Reports of Ademola’s demise had emerged online as some news outlets said the deceased was one of the deputy bursars of the institution. It was gathered that the incident […]

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Jumia sacks 900 workers to reduce cost of operation

22 Feb 2023

Jumia, a pan-African e-commerce platform, says it laid off over 900 workers in order to reduce its cost of operation. The company, in its 2022 fourth quarter (Q4) financial report released recently, said the cut represents 20 percent of its general workforce. Jumia said it experienced an operating loss of 41 percent year-over-year, reaching $49.8 […]

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27 suspects arrested for vandalizing banks

22 Feb 2023

Operatives of the Ogun State Command of the Nigeria Police Force have arrested 27 suspects over violent attacks and destruction of two commercial banks when chaos broke out in Sagamu town in the state on Monday morning over Naira notes’ scarcity. Announcing the arrest of the suspects a few hours after the violence, the Ogun […]

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Timipre Sylva identifies three causes of crude oil losses in Nigeria

21 Feb 2023

On Monday, Chief Timipre Sylva, Minister of State for Petroleum Resources, blamed the loss of revenue from crude production in Nigeria on theft, pipeline vandalism, and deteriorating infrastructure.  Despite the challenges, Sylva said in a statement issued by Horatius Egua, his Senior Adviser, Media and Communications, that the Federal Government of Nigeria was determined to […]

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Naira Scarcity: Protesters torch two banks in Ogun

20 Feb 2023

Naira scarcity protesters have set fire to two bank buildings in Ogun State, Nigeria’s south-west. The incident occurred in the state’s Sagamu region. Residents watched as protesters set fire to the Keystone and Union bank buildings, who were also protesting the state’s petrol shortage. At the time of the incident, the buildings were thought to […]

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CBN yet to release funds for INEC and Security Agencies for logistics

20 Feb 2023

With less than a week to the conduct of the 2023 general elections, the Central Bank of Nigeria (CBN) is yet to release funds requested by the Independent National Electoral Commission (INEC) and security agencies for logistics. The Chief Press secretary to the INEC Chairman, Mr Rotimi Oyekanmi had earlier confirmed that the electoral body […]

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