CBN Announces Licensed Banks in Nigeria, Emphasizing Lagos Headquarters

Goodness Eminue The Central Bank of Nigeria unveiled a comprehensive list of licensed Money Deposit Banks (MDBs) on Tuesday, May 7, 2024, marking a significant update for the country’s financial sector.  The list, which was published on the Apex bank’s website yesterday, highlights the names and locations of banks authorized to operate in Nigeria, notably […]

Nigeria’s Tech Sector Suffers Blow as Microsoft Mulls Closure of Lagos Hub

By Daniel Akinte   Microsoft’s decision to shutter its operations in Nigeria has sent shockwaves through the country’s burgeoning tech industry, potentially leaving 200 jobs in limbo. Reports suggest that Microsoft may be winding down its African Development Centre located in Lagos, a move that insiders confirmed to The Guardian newspaper on Tuesday. Affected employees, according […]

Netizens Point to Hunger as Cause of Viral Truck Fire

Daniel Akinte  A distressing scene unfolded on Monday as a viral video captured the moment a truck became engulfed in flames along the Benue Highway, while individuals were seen hurriedly removing bags of cement from its cargo.  Eyewitnesses recounted the sudden ignition of the vehicle, prompting its driver to abandon it amidst the inferno. Reacting […]

Nigerians Demand Transparent Explanations Amid Upset Over New CBN Cybersecurity Levy

Abdulraheem Muhammed olarewaju A recent Central Bank of Nigeria (CBN) directive has created a stir among Nigerians. The regulation, published on May 6, 2024, requires banks to collect a 0.5% fee on all electronic transactions to finance cybersecurity efforts. The decision, issued by CBN officials Chibuzo Efobi and Haruna Mustafa, covers all commercial banks, mobile […]

UDUS: Students Mandate Monthly Environmental Sanitation, Ensures Hygienic Vicinity

Abdulrasaq Kamaldeen  In the bustling heart of Usmanu Danfodiyo University Sokoto, there is the Faculty of Management Sciences Students’ Association (FAMSSA) that mandates monthly faculty sanitation to maintain campus cleanliness and hygiene for students well-being, initiated by its former executive members in 2023.  To maintain the existing code of conduct, students of the faculty of […]