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CBN refutes reports of forced 1000 staff retirement
The Central Bank of Nigeria (CBN) on Wednesday said its early exit package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. The apex bank made the clarification in a statement. Reports had said the regulator was preparing to retire 1,000 officials and provide them with a severance package totalling over N50 billion. Reacting to the development,…
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Ogun police arrests teacher for allegedly causing 11-year old pupil to lose right eye
The Ogun State police command said it has arrested a student-teacher for allegedly injuring and causing an 11-year-old pupil to lose her right eye. The victim, Alao Idera, is a primary six student of Owiwi Nursery and Primary School in the Obada Oko, area of the State. It was reported that the teacher, Adeola Adeyemo, is a 400-level student of…
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Senate confirms Oluyede as Chief of Army Staff
The Senate on Tuesday confirmed the nomination of Lieutenant General Olufemi Oluyede for appointment as Chief of Army Staff. The confirmation followed the consideration of reports by the Chairman of the sense committee on Army, Sen. Yar’ adua, Abdulaziz Musa (Katsina Central). The committee’s recommendations were unanimously adopted by the upper chamber. Lieutenant General Oluyede was appointed to act as…
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5,600 newly recruited teachers to be deployed to public schools- Oyo Govt
The Oyo State Government has said a total of 5,600 newly recruited teachers would be uploaded into its database and ready to be deployed to public basic schools across the state. Speaking in Ibadan, the Executive Chairman, Oyo State Universal Basic Education Board (OYOSUBEB), Dr. Nureni Aderemi Adeniran said the board has scheduled dates for verification of the newly recruited…
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EFEMS: CBN launches new guidelines for Interbank FX trading
The Central Bank of Nigeria (CBN) has introduced new guidelines for foreign exchange trading through its Electronic Foreign Exchange Matching System (EFEMS), effective November 25, 2024. Dr. Omolara Duke, Director of the Financial Markets Department, signed the directive to improve transparency, efficiency, and compliance in Nigeria’s foreign exchange market. Key highlights of the new guidelines include: Trading Requirements: The CBN…
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I won’t lose sleep over 2026 governorship election – Ekiti Governor
The governor of Ekiti State, Biodun Oyebanji, has said he is not worried about the 2026 governorship election in the state. Speaking at the monthly Evening of Praise and Worship at the Jibowu Hall, Government House Ground, Ado-Ekiti on Friday, Oyebanji said his administration remained focused on delivering good governance and fulfilling his promises to the people. Oyebanji disclosed that…
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2027: Atiku, Obi deny presidential bid joint ticket
The camps of former Vice President Atiku Abubakar and the 2023 presidential flagbearer of the Labour Party, Peter Obi, have denied having discussions for a joint ticket ahead of the 2027 election. Social media were awash with news that the duo may be seeking to work together again after photos of Atiku hosting Obi to a breakfast at his residence…
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Cardoso unveils economic outlook for 2025, pushes for greater economic diversification
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, in his keynote address at the 59th Annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN), highlights economic reforms and banking sector resilience over the past year. Cardoso, at the 59th Annual Bankers Dinner of Chartered Institute of Bankers of Nigeria (CIBN) reads riot act…
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Port Harcourt refinery halts operations
The fanfare that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have melted away leaving the hope and expectations of many Nigerians hanging. A visit by Saturday PUNCH to the refinery on Friday revealed that there was no activity on site, as some workers met by our correspondent claimed that the refinery was undergoing…
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PH refinery petroleum products only for NNPCL outlets, says spokesperson
Nigerian National Petroleum Company Limited (NNPCL) on Wednesday said the petroleum products from the Port Harcourt Refinery Company (PHRC) are exclusively for the oil giant. The products – petrol, diesel and kerosene – are for retail outlets operated by the NNPCL, Chief Corporate Communications Officer, Olufemi Soneye, said. Production of products resumed at the PHRC in Eleme, Port Harcourt, River…
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