The Economic and Financial Crimes Commission (EFCC) has issued a public alert on the operations of 58 companies allegedly defrauding Nigerians under the guise of investment opportunities. In a statement released yesterday, EFCC warned that these entities are not registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC), the two primary regulators of financial and investment activities in the country. Both regulators, in separate…

The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its recent policy increasing charges on Automated Teller Machine (ATM) transactions and discontinuing free withdrawals for customers using ATMs of other banks. This resolution followed a motion of urgent public importance sponsored by lawmaker Marcus Onobun, who raised concerns over a CBN directive implementing the changes. Lawmakers expressed fears that the new policy would place additional…

By Friday Omosola and Helen Okechukwu Entrepreneurs operating in Nigeria whose businesses depend on data for sustainability and profitability have raised the alarm over declining productivity caused by the recent hike in data costs, as well as unreliable network service. In January this year, in a statement, the Nigerian Communications Commission’s (NCC) Director of Public Affairs, Reuben Muoka, announced a 50% tariff increase for telecom call and data services. According…

The Nigerian House of Representatives has ordered the Nigerian Communications Commission (NCC) to block all pornographic websites in the country. Lawmakers want the NCC to make sure that internet service providers stop access to these websites immediately. The motion was brought forward by Dalhatu Tafoki, a lawmaker from Katsina State and a member of the All Progressives Congress (APC). He said that online pornography is a serious problem and that…

Bitcoin and several major cryptocurrencies saw significant losses on Tuesday, March 11, as mounting concerns over the US economy and rising trade tensions sent shockwaves through global markets. Bitcoin fell by 3.2%, dipping to $79,937 after reaching a low of $76,624. Ethereum also suffered a sharp drop, down 7.5% to $1,911. The global cryptocurrency market cap declined by 4.3%, bringing it to $2.6 trillion, according to The Economist. Other prominent…

The Nigerian Education Loan Fund (NELFUND) has expressed concern over the low number of female students accessing its educational loans compared to their male counterparts. The revelation was made on Monday, March 10, during a ceremony marking the International Women’s Day in Abuja. Speaking at the event, NELFUND’s Managing Director, Akintunde Sawyerr, represented by Oluwatosin Sanusi, Head of Investments and Funds Management, highlighted that only one in five loan applicants…

In a major diplomatic development, the United States and Ukraine have commenced high-stakes talks in Saudi Arabia, signaling a potential shift in the trajectory of the ongoing war with Russia. The discussions, held in Jeddah on Tuesday, come as Kyiv seeks to mend strained relations with Washington and secure the resumption of military aid and intelligence-sharing. The Ukrainian delegation, led by Andriy Yermak, a top aide to President Volodymyr Zelenskyy,…

Lagos State Deputy Governor, Obafemi Hamzat, has called on religious leaders to educate their congregations on the importance of balancing technological advancements with faith in God. Speaking at the 4th Annual Ramadan Lecture/Iftar and Special Prayer held in memory of Late Oba Mufutau Olatunji Hamzat in Mushin, Lagos, Hamzat emphasised the need for responsible use of Artificial Intelligence (AI) in a manner that aligns with religious values. The event was…

Lagos State Governor, Babajide Sanwo-Olu, has commended the pivotal role of public-private collaboration in ensuring safer buildings across the state, as he officially launched the Certified Accreditors’ Programme on Monday. The event, held at the White Stone Event Centre in Ikeja, marks a significant initiative by the Lagos State Building Control Agency (LASBCA) to enhance building safety and regulatory standards. In his keynote address, Governor Sanwo-Olu highlighted the importance of…

By Alade Adisa Anxiety has gripped parents of students at King’s College, Lagos, following an outbreak of diphtheria in the school. Some parents have asked their children to stay at home after one of the students succumbed to the illness. Meanwhile, the Lagos State Government is set to commence mass vaccination for students on both campuses of the school. New Daily Prime gathered that the outbreak may be linked to…

“The governor has done nothing wrong. He has remained steadfast in upholding constitutional values, and his leadership has the full backing of the PDP.” The political turmoil in Rivers State has reached a boiling point, with Governor Siminalayi Fubara facing intensified pressure to step aside by the opposition party in the state. Despite mounting calls for his resignation, the National Publicity Secretary of the People’s Democratic Party (PDP), Debo Ologunagba,…

President Bola Ahmed Tinubu on Monday said every decision he has taken so far, including the fuel subsidy removal is all about Nigerian youths and their future. President Tinubu stated this at the inauguration of the National Youth Congress Planning Committee at the Council Chambers, Presidential Villa, Abuja. Tinubu said: “I’ve listened to you carefully, today is not for long speeches, I just want to reassure you that you are…