Author: straightnewsng.com

The Central Bank of Nigeria has fixed N5 billion minimum capital requirement for the Payment Service Banks in the country. A circular to all stakeholders on the guidelines for licensing and regulation of the PSBs, also gave N500,000 as non-refundable application fee, N2 million non-refundable licensing fee and N1million change of name fee. In the circular released Thursday, it stated that the CBN might vary the requirements from time to time. “Promoters should note that in compliance with Banks and Other Financial Institutions Act, the investment of the share capital deposit shall be subject to availability of investment instruments. Upon…

In 649 days in the office, US President Donald Trump’s torrent of words has climbed to 6,429 adjudged as false or misleading claims. In the first nine months of his presidency, President Trump made 1,318 false or misleading claims, an average of five a day. But in the seven weeks leading up the midterm elections, the president made 1,419 false or misleading claims — an average of 30 a day. That adds up to a total of 6,420 claims through Oct. 30, the 649th day of his presidency, according to The Fact Checker’s database that analyzes, categorizes and tracks every…

The United States Government and Committee for Defence of Human Rights, CDHR, Thursday, flayed the use of maximum force by security agents against members of the Islamic Movement of Nigeria, IMN. The condemnations came as Nigeria Police Force arraigned 130 arrested members of the sect before an Abuja Chief Magistrate Court sitting at Wuse, Zone 2, Abuja. This is even as Ibrahim Idris, the Inspector-General of Police, described the IMN as a non-Islamic organisation. Amnesty International had on Wednesday, also criticised the use of maximum force on the sect members by the military and police, which it claimed led to…

President Muhammadu Buhari, Thursday, said his administration was poised to continue the implementation of policies to make the economy better. Speaking at an audience with Mr Jesper Kamp, the new Ambassador of the Kingdom of Denmark to Nigeria, at the Presidential Villa, Abuja, President Buhari said Nigeria welcomed further strengthening of relations with countries, especially in the areas of agriculture and trade. He told the Danish ambassador that he was pleased as the relations between Nigeria and Denmark had remained strong, noting that in the economic sphere, there was still some more work to do. He said: ‘‘The Nigerian economy…

The suspended Executive Secretary of National Health Insurance Scheme, NHIS, Prof. Usman Yusuf, is alleged to have paid N508 million to consultants without due process. The Chairman of NHIS, Mrs. Enyatu Ifenne, while appearing before the House of Representatives ad-hoc committee investigating the crisis rocking the agency on Thursday, also alleged that Prof Yusuf awarded contracts worth millions of naira without approval. Ifenne equally accused the executive secretary of misappropriation of funds and sundry acts of financial recklessness. She told the ad-hoc committee that from the time the governing board was constituted till the suspension of the executive secretary, there were allegations of award…

The Abia State command of the Nigerian Security and Civil Defence Corps (NSCDC) has arrested 11 persons suspected to have engaged in illegal oil bunkering. The state Commandant, Mr. Nnamdi Nwannukwu, Wednesday disclosed this in Umuahia while briefing newsmen on the activities of the command. Nwannukwu said that the suspects were arrested at different times and locations in the state, while transporting illegally refined diesel. He said that two of the suspects, Johnson Idika and Odechi Mbamara, were arrested in an ash-colour Honda Odessey, loaded with 120 liters of diesel concealed in cellophane bags. The command also arrested one David…

Controversial OAP, Daddy Freeze says that 99% of what Pastors and church owners teach their congregation is false. The self-acclaimed online pastor who took to his social media page to share his thought on the controversial issue, argued that the name ‘Jesus’ which he believes was invented by ‘manipulators,’ has no meaning. Read his post below; “99% of what your Pastors and GOs taught you is false! “How can his name be ‘Jesus’ when the letter ‘j’ was not part of the English language until 1634? Here is a copy of the original translation of the King James Bible completed…

When you start thinking of the hairstyles that would look stunning on African ladies, the big braids is the first thing that will come to your mind, and this is not surprising. Big and rich braided hairstyles are what symbolizes the spirit and uniqueness of black women. Here, we will give you some interesting ideas for big braids hairstyles, which you can always use in everyday life. Hop on the braids train and grab some inspiration from your favorite celebrities. (ALllure Vanguard)

Attempt by the Economic and Financial Crimes Commission, INEC, Thursday to persuade the Federal High Court to issue a bench warrant for the arrest of Dr. Haliru Bello, former National Chairman of Peoples Democratic Party, PDP, failed. EFCC alleged that Bello, who is facing money laundering charges alongside his son, Abba, has jumped bail. The court had in May, granted an application the erstwhile PDP chairman filed to be allowed to travel abroad for medical treatment. However, according to the court’s directive, the Defendant was to return to the country, 30 days from the date he was granted leave to…

Another video showing Abdullahi Ganduje, Kano State governor, allegedly collecting money from a contractor, dress in black Kaftan, surfaced again Thursday. However, Jaafar Jaafar, the Editor-In-Chief of Daily Nigerian, whose company released similar videos last month, has denied authorising the release of the latest video. Findings by PRNigeria indicated that the journalist, who recently honoured the invitation of Kano State House of Assembly investigating the bribery scandal, revealed that Jaafar tendered several videos to the lawmakers. “I swore an oath with the Holy Quran before tendering the several videos at the Kano State Assembly and I could not have been…