Author: Ifetayo Adeniyi

CBN lifts cash deposit restriction on domiciliary accounts, allows $10,000 daily withdrawals The CBN disclosed this in a press statement after deliberating at an extraordinary Bankers’ Committee meeting ByAyodeji Adegboyega June 19, 2023 Reading Time: 2 mins read The Central Bank of Nigeria has announced the removal of cash deposit limitations on domiciliary accounts, granting account holders the liberty to withdraw up to $10,000 per day. This development marks a significant shift in the nation’s monetary policy, allowing individuals greater flexibility in managing their funds held in domiciliary accounts. The CBN made this disclosure in a press statement on Sunday,…

“What Social Media Has Done to Humanity”- Wole Soyinka Nobel laureate, Prof. Wole Soyinka, has expressed grave concern over the negative use of technology and social media, saying it is now in the hands of “ignoramuses.” Soyinka said this when he spoke at an event in Lagos on Friday, June 16. He averred that the wrong usage of technology is fast taking humanity backwards due to the use of profiling and abusive words. While stating that he is not a fan of social media, Soyinka said; “I don’t tweet, I don’t WhatsApp. I tried WhatsApp but I stopped.” Apple’s…

“I don’t want to sell Osimhen”- New Napoli boss, Garcia New Napoli boss, Rudi Garcia, has said he does not want to part ways with Nigerian striker, Victor Osimhen, and Georgian winger, Khvicha Kvaratskhelia. According to Italian publications, La Gazzetta dello Sport and Il Corriere dello Sport, the French coach has already informed President Aurelio De Laurentiis that he doesn’t want to sell Osimhen and his strike partner in the summer. It is understood that the Partenopei won’t sell the Nigeria international for less than €150-160m and will offer him a contract extension in the coming weeks. Rudi Garcia …

Houston Mayor Honours Nigerian Businesswoman, Ifeoma Okengwu Have you wondered why the name, Ifeoma Okengwu keeps popping up in public discourse among other Nigerians in Houston, Texas? It is because she has put smiles on the faces of many around her. The beautiful woman is often spoken about because of her uncommon philanthropic gestures, a situation that has endeared her to a lot of Nigerians in the Diaspora. The real estate guru is loved, especially by the less privileged and the elderly who are the major beneficiaries of her philanthropic gestures. Society Watch gathered that following her unwavering…

Senator Oluremi Tinubu: A Journey to Nigeria’s Political Seat of Power   Impeccably dressed in sky-blue lace which rested perfectly well on her slim frame, she exuded confidence combined with oratory strength as she wrapped up her third term in the Senate during the valedictory session last week. The First Lady of Nigeria, Senator Oluremi Tinubu is not new to the corridors of power, having served as the first lady of Lagos State when her husband was governor for eight years. She would later serve in the Senate for 12 years before moving to the Presidential Villa. Funke Olaode chronicles…

CBN Okays eNaira as Payment Option for Diaspora Remittance The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency known as the eNaira as a payment option to recipients of diaspora remittance.The apex bank said the move was in furtherance of efforts to liberalise the payout of diaspora remittance.The new policy was contained in the bank’s circular titled: “Operational Framework for eNaira Payment Option to Recipients of Diaspora Remittances,” and dated June 15, 2023. The circular, which was obtained by THISDAY, was addressed to the International Money Transfer Operators (IMTOs) and the public.The CBN said…

Ndidi, Iheanacho Get New Manager as Leicester Appoint Maresca If the Super Eagles duo of Wilfred Ndidi and Kelechi Iheanacho remain with Leicester City next season, they will be working with a new manager after the Foxes appointed Enzo Mariska as their new manager in their quest to return to the English top flight. Maresca has left Pep Guardiola’s coaching staff at treble-winning Manchester City to move to the King Power in a bid to help Leicester secure promotion from the Championship next season. The Italian succeeds Dean Smith, who was unable to save Leicester from relegation last season. Smith…

Sultan, Okoh: Nigeria, a Secular State, No Religion is Superior *Say statements that give impression of religious dominance, superiority in the country reprehensible. The Nigeria Inter-Religious Council (NIREC) yesterday reiterated the constitutional secularity of the country and added that no religion is superior to the other.NIREC made the submissions in a joint statement by the co-chairmen of the body – President of the Christian Association of Nigeria, Daniel Okoh and President-General of the Nigerian Supreme Council for Islamic Affairs, Muhammed Sa’ad Abubakar. While affirming that Nigeria is a multi-religious state under God, the organisation called on religious leaders to…

Lagos Govt introduces digital registration for Keke and Okada riders This development is an initiative of the Lagos State Ministry of Transportation & SiiTech in collaboration with Lagos State Parks and Garages (LASPG). Lagos Governor Sanwo-Olu banned Okada and Keke Napep in January [Lagos govt] Lagos Governor Sanwo-Olu banned Okada and Keke Napep in January [Lagos govt] In a bid to address the challenges associated with the operations of commercial tricycles and motorcycles better known as Keke and Okada respectively in Lagos, the State Government is introducing digital registration to regulate transportation services. The state government announced this development in…

Oil Theft:Don’t Demoralise The Military, Olowu Warns Asari Dokubo Olowu of Kuta, HRH Oba Adekunle Oyelude Makama, Tegbosun III, has warned former Niger Delta agitator,Mujahid Asari Dokubo not to demoralise the military with ungarded statement. Olowu in a statement issued by his media office said any attempt to Ridicule Nigerian Military because of few bad elements like any other institutions will be counter productive. The monarch said it takes a lot of efforts to build a country military to such standard that we have in Nigeria, adding that such sweeping statement that the military is responsible for the oil theft…