Monday, January 13, 2025

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CBN implements stricter regulations for dormant accounts and unclaimed funds

The Central Bank of Nigeria (CBN) has implemented stricter regulations to manage dormant accounts and unclaimed financial assets in banks and other financial institutions. These new guidelines, effective immediately, replace previous policies issued in 2015. This was disclosed in a circular...

Police arrest couple for allegedly torturing 13-year-old boy

Police in Taraba State have arrested a man and his wife accused of torturing their 13-year-old ward for alleged theft. The girl was taken to hospital with severe burns to her hands after the incident was reported to police. The state...

NLC formally accepts N70,000 minimum wage and gives reasons

The Nigerian Labour Congress has formally accepted the government's offer of a N70,000 minimum wage. According to a statement signed by NLC President Joe Ajaero, the union took the decision at its emergency National Executive Council meeting on Friday. Mr Ajaero...

The International Court of Justice declares Israel's presence in Palestinian territories illegal

The International Court of Justice (ICJ) said on Friday that Israel's continued presence in the occupied Palestinian territory is illegal and must end as soon as possible. "Israel's transfer of settlers to the West Bank and Jerusalem, as well as...

Former PDP legal adviser advises Shaibu on ruling reinstating him as Edo deputy governor

Mark Jacob, a former National Legal Adviser of the Peoples Democratic Party (PDP), has urged former Edo State Deputy Governor Philip Shaibu not to bother returning to office despite Wednesday's ruling reinstating him. Mr Jacob, who appeared as a guest...

Tinubu calls for improved economic value as foreign envoys present credentials

President Bola Tinubu on Thursday in Abuja called for enhancing the economic value of bilateral relations between Nigeria and partner countries. The President spoke while receiving the Credentials of the Ambassadors of Portugal, Jorge Adao Martins Dos Santos; of the...

Two commissioners resign in Abia

Two commissioners have resigned from the Abia State Government. The commissioners, Chima Oriaku (Science and Technology) and Monica Ironkwe, Professor (Agriculture), tendered their resignation letters on Wednesday, PREMIUM TIMES has learnt. The commissioners gave no reason for his resignation. The commissioner resigned...

NGOs demand that 10% of mining revenues be allocated to host communities in new mining bill

Non-governmental organisations at the forefront of campaigns for the rights of host communities have urged the House Solid Minerals Committee to further review the net extraction revenues for host communities in the proposed minerals and mining bill and re-enact...

Super Falcons head to Olympics after losing final test match

Nigeria's Super Falcons are preparing to leave for the Paris Olympics after suffering a narrow defeat in their final warm-up match. The team led by coach Randy Waldrum fell 1-0 to Canada on Wednesday in a closed-door friendly held at...

Representatives approve NDDC budget of N1.91 trillion

The House of Representatives has approved the 2024 budget of the Niger Delta Development Commission (NDDC). The House approved the N1.9 trillion budget on Wednesday following an item-by-item consideration of the budget report presented by the NDDC Committee. The report was...

Latest News

Catholic nuns kidnapped, judge released in Anambra

The two kidnapped Catholic nuns of the Immaculate Heart of Mary, Mother of Christ, and a kidnapped Anambra High...