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The Central Bank of Nigeria (CBN) has issued prudential guidance to banks in response to the currency devaluation. The guidance includes setting aside revaluation gains as a counter-cyclical buffer and granting forbearance to banks breaching limits. This move aims to safeguard banks from future currency fluctuations.
Ibom Air, a Nigerian airline, has revealed its intention to focus on expanding its operations within Africa. The Chief Operating Officer, George Uriesi, explained that entering into unhealthy competition with big airlines in other countries would not be financially viable. Instead, the airline aims to build a secure and service-focused brand within the African region. Uriesi also highlighted the milestone achievements of Ibom Air, including reaching 2.5 million passengers and obtaining the International Air Transport Association (IATA) Operational Safety Audit (IOSA) Certification.
Nigeria is mourning the loss of Akintola Williams, the country's first chartered accountant, who passed away at the age of 104. Williams, who founded the accounting firm Akintola Williams & Co (Deloitte & Touche) in 1952, was a trailblazer in his field, paving the way for future generations of accountants. Tributes are pouring in for his contributions to the profession and his impactful role in public service. From President Bola Tinubu to former President Olusegun Obasanjo, many have expressed their deep admiration and respect for Williams' wisdom, integrity, and dedication to excellence. Lagos State Governor Babajide Sanwo-Olu also acknowledged his instrumental involvement in establishing key institutions like the Nigeria Stock Exchange and the Institute of Chartered Accountants of Nigeria. Williams' legacy as a mentor, advocate for transparency, and promoter of arts and culture will be remembered for generations to come.
Prophet David Kingleo Elijah, the spiritual leader of the Glorious Mount of Possibility Church, has prophesied the possibility of Atiku Abubakar and Peter Obi losing their case at the Supreme Court regarding the 2023 presidential election. Find out more about the prophecy and its implications.
The Edo State Primary Healthcare Development Agency (EDSPHCDA) recently organized a comprehensive staff training program aimed at transforming and enhancing healthcare service delivery in Edo State. The training program focused on ethics, professionalism, teamwork, quality management, and compliance, with the goal of fostering a patient-centric approach and ensuring healthcare excellence. Led by experienced consultants, the training initiatives affirm the Agency's commitment to the well-being of the people it serves.
The Speakers of state Legislatures in the Southwestern part of Nigeria gathered in Lagos to discuss issues related to the progress of the zone. They deliberated on various topics, including the Southwest's growth and development, the coming election of the Conference of Speakers, and the Development Agenda for Western Nigeria. The Lagos State House of Assembly was commended for its support for democracy, true governance, and the leadership of Speaker Mudashiru Obasa. The Speakers expressed gratitude to Lagos and described the visit as an eye-opener for the progress of their individual states.
The leader of the INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has criticized the decision of Atiku Abubakar and Peter Obi to seek redress at the Supreme Court over the PEPT's judgment. In a recent message, Primate Ayodele stated that the appeal is a waste of resources and urged the opposition candidates to use their money to help the indigent people in Nigeria.
Victor Osimhen, the Napoli striker, scored a hat-trick for the Nigerian national team in their resounding 6-0 victory over Sao Tome and Principe in the final round of qualifiers for the 2024 African Cup of Nations. Nigeria secured the top spot in their group with 15 points after previously guaranteeing qualification. Read on for all the details.
The burial rites of Pastor Taiwo Odukoya, founder of the Fountain of Life Church, began on September 9 in Lagos, Nigeria. The ceremony started at the church headquarters in Ilupeju with an outpouring of tributes and tears. Pastor Odukoya passed away at 67 in the United States. A Thanksgiving service will be held on September 10 to honor his legacy.
The general overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, advised graduating students of Redeemer's University to remain committed to the path of God. He emphasized the importance of giving one's first fruit to God as a means to ensure prosperity.
The Kogi State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has apprehended four suspects involved in cyber-crime activities. The suspects were arrested through a combined effort of intelligence personnel and other units of the NSCDC. The Commandant urges parents to monitor their children's activities and reassures the public of the readiness to combat crime in Kogi State.
Nexford University, a Washington-based institution, has appointed Oghogho Inneh as its Country Director in Nigeria. Governor Godwin Obaseki congratulated Inneh on her well-deserved appointment, praising her diligence and commitment to excellence. This article explores Inneh's accomplishment and highlights her career as a management expert. It also discusses the significance of her appointment for Edo State and the promotion of education in Nigeria.
The Speaker of the House of Representatives, Right Honourable Abbas Tajudeen, celebrates President Bola Ahmed Tinubu's victory at the Presidential Election Petitions Tribunal. The dismissal of the petitions has added more legitimacy and credibility to Tinubu's government and administration. The Speaker commends the judiciary for its role in upholding democracy in Nigeria and calls on Nigerians to support the Tinubu administration towards a safe and prosperous country.
A group known as the Bauchi Women Coalition for Sustainable Peace and Viable Democratic Gains has taken to the streets to appeal to the Bauchi State Governorship Election Tribunal for a fair and just judgement on the last Governorship Election. The women group called for justice to be the focus and emphasized the importance of the judiciary in upholding the true wishes of the people. They also commended President Bola Tinubu for his appointments in the legal sector and expressed confidence in the judiciary being the last hope of the common man.
The Nigeria Data Protection Commission (NDPC) has inaugurated a national committee to ensure the smooth implementation of the Nigerian Data Protection Act (NDPA). The committee will focus on addressing guidance for data controllers and processors to ensure the privacy and security of data subjects. Chaired by Mr Babatunde Bamigboye, the committee will also provide clarity on key concepts such as child consent, data subjects' rights, registration of data controllers, and cross border data transfers.
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