Author: Ifetayo Adeniyi

Oil companies resume dollar sales to banks as CBN eyes supply The Central Bank of Nigeria (CBN) has permitted International Oil Companies (IOCs) to resume the sale of US dollars to banks in a move aimed at injecting liquidity into the Investors & Exporters (I&E) foreign exchange market. Developments in the foreign exchange market yesterday suggest that the restriction placed on the IOCs from selling dollars to dealing member banks had been lifted, according to a source familiar with the matter. “We expect this to inject additional liquidity into the Investors & Exporters window and help address the existing backlog…

Banks Raise ATM Cash Withdrawal Limit To N200,000 ATM Cash Withdrawal Months after banks restricted withdrawals on automated teller machines (ATMs), commercial banks in the country are beginning to increase the maximum amount of cash customers can withdraw on a daily basis to N200,000, LEADERSHIP has learnt. In an emailed notice to customers yesterday, Zenith Bank said customers can now ‘perform cash withdrawals of up to N200,000 per day’ at its ATM terminals across the country. This, it said, is irrespective of the bank that issued the card. The bank, however, stated that the N500,000 weekly cashless policy withdrawal…

Twitter Vs Threads: Here’s The Difference Threads, a text-based app tied to Instagram was launched by Meta on Wednesday. The app garnered over 30 million people less than 24 hours after its launch. According to the head of Instagram, Adam Mosseri, Twitter’s “volatility” and “unpredictability” under Elon Musk provided the opening for competition. LEADERSHIP reports that Twitter’s owner, Elon Musk, removed legacy verified check marks of many notable people which were free and made it available through Twitter Blue, a paid subscription service. Other recent changes under Musk’s leadership included limiting how many tweets people can view, and how they…

Nigeria Is Safe For Foreign Investors, Says Akpabio President of the Senate, Godswill Akpabio, on Thursday, assured foreign investors of the safety of their investments in Nigeria, just as he restated the commitment of the Federal Government under President Bola Tinubu, to providing conducive business environment for foreign investors in the country. Senator Akpabio stated this in his office while receiving in courtesy the Jampur International Group FZE, led by the CEO, Mohanmed Shafiq. According to Akpabio, “I welcome you on behalf of the Senate of the Federal Republic of Nigeria. Nigeria is very safe and ready for investors.…

Tiwa Savage set to be the first female Afrobeats artist to headline Wembley Arena For over a decade, Tiwa Savage has been charting the course for the female end of the African music industry. Since she made her debut in the early 2010s with a string of hit singles, Tiwa Savage has risen to the top of the Nigerian music industry with her music winning her several accolades and millions of fans across the world. Tiwa Savage is set to become the first female Afrobeats artist to headline the 13,000 Wembley Arena in the UK. While appearing on The Good…

Group begs Catholic Priest to join Edo governorship race   Rev. Fr. Obinyan thanked the group for being the representatives of the people, saying that he considered their request to be inspiring and reassuring. A Group, known as Youth for Good Governance (YGG), a political wing of the Arigbe Foundation, on Thursday appealed to a Catholic Priest in Edo, Rev. Fr. Andrew Obinyan, to join the 2024 Edo governorship race in the interest of the people. The Spokesperson for the group, Idris Zekeri, made the appeal when he led members of the group on a courtesy visit to Rev. Fr.…

Prophet Olowere’s death huge loss to Christendom, Oyo – Makinde   The governor said that the late cleric would be highly missed by his followers, admirers and the Christian faithful in the state. Governor Seyi Makinde of Oyo State has described the death of Prophet Michael Ojo, founder of the Christ Apostolic Church, (CAC), Oke-Agbara, Asi Bodija, as a huge loss to Christendom and the entire Oyo State. This is contained in a condolence message signed by his Chief Press Secretary, Sulaimon Olanrewaju, and made available to newsmen in Ibadan on Thursday. Makinde expressed his condolences to the leadership of…

Why Nigerians need to stop the Guinness World Record attempts [Opinion] Here’s why many Nigerians are suddenly enthused to break a Guinness World Record. Chef Deo (L), Chef Hilda (M), Chef Dammy (R). Chef Deo and Dammy have attempted to break Hilda’s record Psychologists say when a person in a community starts doing something, good or bad, many people will begin to join. We are more susceptible to peer pressure and groupthink than we think. There are many trends or fads, which you might have hated in the beginning, only to shamelessly join later. An easy example of an initially…

Nigerian King Builds Fine School with Free Hostel, Food, Laptops and No Fees for Students Oba Adedokun Omoniyi Abolarin has built a beautiful school in a town in Osun state where virtually everything is free for students. The school called Abolarin College in Oke-Ila, Orangun provides free hostel, uniforms, food, laptops and doesn’t require students to pay fees. Interestingly, the philanthropic king also teaches in the school that is said to be open to only children of the poor . kind Nigerian king in Osun State has built a one of a kind school in his community that has got…

‘We are behind you’, Regina Daniels celebrates hubby’s return to NASS ‘We are behind you’, Regina Daniels celebrates hubby’s return to NASS Actress Regina Daniels has celebrated the official resumption of her hubby, Ned Nwoko as a senator in the Red Chamber. Nwoko, on June 13th, took the Oath of Office and was officially inaugurated as a Member of the 10th Senate of the National Assembly. In a new video posted on her Instagram page on Thursday, the representative of the people of Anioma, Delta North could be seen pulling up at the premises of The Senate and exchanging pleasantries…