Author: Vincent Osuwo

The Central Bank of Nigeria (CBN) has reversed its stance on crypto assets in the country, instructing banks to disregard its previous prohibition on crypto transactions. This is stated in a circular dated December 22, 2023, with the reference number FPR/DIR/PUB/CIR/002/003, and signed by Haruna Mustafa, Director, Financial Policy and Regulation Department, of the apex bank. The circular is titled ‘Circular to All Banks and Other Financial Institutions Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPS).’ The apex bank added that existing worldwide trends have demonstrated the need for crypto regulation. It said, “The CBN, in…

Operatives of the Kano State Police Command have arrested Hafsat Sirajo, a 24-year-old housewife,  for allegedly stabbing her driver, Nafiu Hafizu, to death in Kano. The Commissioner of Police, Muhammad Usaini Gumel, paraded the suspect and her two accomplices before reporters on Friday. Gumel stated that Hafsat, a resident of Tarauni Local Government Area’s Unguwa Uku quarters, confessed to committing the act alone by stabbing her driver multiple times with a knife. According to the police commissioner, her husband, Dayyabu AAbdullahi, 38, and their guard, Mallam Adam, 65, were also detained for assisting and concealing the dead body in order…

Six Rivers state elders have sued President Bola Tinubu before the Federal High Court in Abuja for allegedly compelling Governor Siminilaya Fubara to enter into an unconstitutional pact. Senator Bennett Birabi, Senator Andrew Uchendu, Rear Admiral O. P. Fingesi, Ann Kio Briggs, and Emmanuel Deinma are among the plaintiffs, who are led by Victor Jumbo, a member of the Rivers State House of Assembly representing Bonny State Constituency. They argue that the December 18 agreement was not only unlawful but also a usurpation, nullification, and undermining of the existing or binding pertinent parts of the 1999 Constitution, as amended. As…

President Joe Biden and the US government have condemned in totality the unprecedented attack at Charles University in Prague that left at least 15 people dead and a dozen injured on Thursday. In a tweet on his official X handle, Biden expressed his condolences to the victims’ families, calling the attack “senseless.” According to several accounts, the 24-year-old Czech student (name withheld) shot dead his father before killing 14 others and injuring 25 more. According to several accounts, the 24-year-old Czech student (name withheld) shot dead his father before killing 14 others and injuring 25 more. The tweet read, “My…

Dr. Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, has stated that the President Bola Tinubu-led Federal Government is developing a strategy to lift 50 million people out of poverty over the next 42 months. Edu emphasized that Tinubu is purposeful in implementing various poverty reduction programs to assist the country’s disadvantaged. She made the remarks during an interview on Channel 4’s Politics Today on Thursday. The minister noted that the efforts will be shared by her ministry and other concerned ministries and that the combined efforts will assure the country’s economic prosperity. She said, “We are drawing out…

The French parliament has passed legislation prohibiting Nigerian students and others from bringing their families to France. According to a report by the BBC on Thursday, the measure was supported by both President Emmanuel Macron’s centrist Renaissance party and Marine Le Pen’s far-right National Rally. Last week, parliament rejected a prior proposal after the National Rally, and the left voted against it. As a result, the government redrafted the measure, making some of its provisions more stringent.The new, stricter immigration policy makes it more difficult for migrants to bring family members to France and delays their eligibility for social benefits.…

Peter Obi, the presidential candidate of the Labour Party in the recently past presidential election, has lauded President Bola Tinubu’s 50% transport fare slash for the Yuletide season. Calling the initiative “a step in the right direction,” Obi acknowledged that the initiative will help the poor and downtrodden amid the rising cost of living experienced in society. Chronicle NG reports that Tinubu authorized a 50% reduction in interstate transport fares for Nigerians traveling during the yuletide from Thursday, December 21, 2023, to January 4, 2024, on Wednesday. The president also authorized free interstate train travel within the period nationwide. Reacting…

A former Commissioner for Water Resources in Rivers State, Chief David Briggs, has alleged that Gov. Siminalayi Fubara was threatened by President Bola Tinubu into signing the Rivers peace pact. Briggs who attended the peace meeting allege that Tinubu intimidated Governor Fubara into signing the eight-point peace resolution with Wike, his immediate predecessor and political mentor. Chief Briggs stated that Fubara signed the resolution under duress, following alleged indirect threats issued by Tinubu before handing him the document to sign. Briggs’ revelation came as most of the agreements were yet to be implemented. According to Briggs, he said he was…

Luton Town captain Tom Lockyer has been dischaged from the hospital after having a defibrillator implanted under his skin to prevent a repeat of the heart attack he had last Saturday at Bournemouth. Lockyer underwent a surgery similar to that of Manchester United’s Christian Eriksen, who made a full recovery and returned to competitive play for Denmark eight months after suffering a severe cardiac arrest while playing for Denmark in June 2021. Lockyer was released four days after falling during a game at Bournemouth, which was later abandoned and will be replayed. Wales’ 29-year-old center defender will now continue his…

The death toll in the shooting at Charles University in Prague rose to over 15, the Czech Republic’s police chief said Thursday. “More than 15 people have lost their lives, and at least 24 have been wounded,” police chief Martin Vondrasek told newsmen following the shooting, which happened in the city’s historic center. On Thursday, a gunman killed 15 people and injured scores more at a Prague university, in the Czech Republic’s bloodiest shooting in decades, before authorities declared the perpetrator “eliminated.” The violence in the city’s historic center prompted hurried evacuations, a large police response, and cautions to stay…