Author: straightnewsng.com

The Central Bank of Nigeria (CBN) has removed cash withdrawal restrictions on domiciliary accounts, allowing individuals to withdraw up to $10,000 per day. This change aims to enhance transparency, liquidity, and price discovery in the foreign exchange (FX) market while boosting customer confidence and stability. Previously, Nigerians faced confusion and limitations when accessing cash from their domiciliary accounts, with withdrawal limits as low as $10,000 per week or per month. Under the new guidelines, individuals can freely withdraw or transfer up to $10,000 daily from their domiciliary accounts, with no restrictions on inflows or wired transfers. This policy change brings…

President Bola Tinubu, Monday, approved the dissolution of boards of Federal Government parastatals, agencies, institutions and government-owned companies. This was contained in a statement by the Office of the Secretary to the Government of the Federation (SGF). In the statement signed by the Director of Information, Willie Bassey on behalf of the SGF, George Akume, the President took the decision “in the exercise of its constitutional powers and in the public interest.” Also read:  Tinubu Rejigs security architecture, Names new service chiefs “The dissolution does not, however, affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section…

Three weeks after his inauguration, President Bola Tinubu, Monday, appointed and directed new Service Chiefs, Inspector-General of Police and Comptroller-General, Nigeria Customs Service to resume duty immediately.  This was after he had sacked the service chiefs who served under the administration of ex-President Muhammadu Buhari for years. The appointments are contained in a statement Monday evening by Mr. Willie Bassey, Director, Information, Office of the Secretary to the Government of the Federation. Also read: Tinubu Appoints Ribadu, Edun, Alake, Five Other Special Advisers The statement said the appointed Service Chiefs, the Inspector-General of Police and the Comptroller General of Customs…

Binance, cryptocurrency exchange company, has plotted to deal with Binance Nigeria Limited seen as a scammer entity. The Co-founder and CEO of Binance, Changpeng Zhao, took the tough stand on Sunday in a tweet. “Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited.” Don’t believe everything you read in the news,” he said. Also read: Hackers steal $570m from Binance-linked blockchain This comes one week after the US Securities and Exchange Commission last Monday charged the crypto giant with securities law violations that it said amounted to “an extensive web of deception” and “calculated evasion of the…

The suspension of immediate past Chairman of Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa has thrown up the emergence of a key figure in the anti-corruption agency. President Bola Tinubu suspended Bawa on Tuesday, June 14, 2023 over alleged abuse of office, and appointed AbdulKarim Chukkol as the acting Chairman of the agency. Chukkol, who previously held the position of director of operations at the EFCC, has assumed the crucial role of leading the agency in its mission to combat financial crimes and promote accountability. Born on May 27, 1977, he hails from Northern State in the country. Academic,…

The untimely death of a married man has fouled the air of Obazu Mbieri autonomous community in Mbaitoli Local Government Area of Imo State. The man, Chikwado Obiyor, was said to have reportedly passed on after s3x romp with his lover, Chidinma. After the romp, Obiyor, the father of four died, but his married lover from Rivers State slumped into a coma and was rushed to a hospital in the area. According to information obtained by Daily Post, the body of the father of four has been deposited in a morgue. The deceased and his married lover lodged at a…

Nigeria’s Super Eagles on Sunday booked their slot in the 2023 Africa Cup of Nations in Ivory Coast with a hard fought 3-2 win over Sierra Leone at the Samuel Kanyon Doe Sports Complex in Monrovia. By this, Nigeria became the 12th country to have qualified for the AFCON 2023, remaining 12 to join the continental soccer train. The Super Eagles went ahead in the 19th minute when Napoli striker Victor Osimhen dinked the ball above the onrushing Sierra Leone goalkeeper. The three-time African champions were denied a chance to double the goals nine minutes later but his shot from…

Nigeria’s Senate President, Godswill Akpabio has pledged to give priority to wealth creation, gender, and disability issues in the legislative business. Akpabio who was interviewed by Arise Television reporter further pledged to discharge the responsibilities of his office with utmost dedication, integrity, and fairness,. According to him, the outcome of the election reflected the collective will of the senate and the various constituencies the senators were representing, said he was mindful of the enormous responsibilities that his position placed on him. Also read:  FG eager to partner Enugu Govt for development – Akpabio “You will have my cooperation in all…

Akwa Ibom Governor Umo Eno has declared government’s readiness to smoke out and make youths and community leaders instigating crisis and orchestrating violent attacks to face wrath of law. The warning came at the wake of the protracted mapping squabble leading to people flooding social media with a flurry of gory pictures of human beings allegedly killed and butchered in the crisis-torn communities. Eno sued for peace over the recent mapping of Akwa Ibom State, tasking youths and community leaders to maintain peace rather than instigate crisis between communities. Governor Eno spoke this while addressing a cross section of government…

Glitz, glamour and bouquet climaxed the inauguration reception of a member representing Ukanafun/Oruk Anam Federal Constituency in the House of Representatives, Unyime Idem who declared ‘‘My first term was only a trial.’’ Idem hosted the reception for his constituents at a colourful ceremony of Who is who in the Federal Constituency, held in Ukanafun on Saturday, June 17, after the inauguration of the 10th National Assembly. Also read: Akwa Ibom Rep retains seat in Green Chambers Idem of Peoples Democratic Party (PDP) polled 22,218 votes to beat his closest rival, Obong Freedom Ibritam of the All Progressives Congress (APC) who…