Author: Ifetayo Adeniyi

For Yuletide, CBN permits BDCs to purchase $25,000 weekly on NFEM CBN headquarters, Abuja For Yuletide, CBN permits BDCs to purchase $25,000 weekly on NFEM The Central Bank of Nigeria has granted Bureau de Change operators temporary permission to purchase up to $25,000 weekly in foreign exchange from the Nigerian Foreign Exchange Market, which was launched earlier this month. In a circular dated December 19, 2024, and signed by T.G. Allu, on behalf of the CBN’s acting Director, Trade and Exchange Department, it was noted that this move is designed to meet seasonal retail demand for forex during the holiday…

Spare parts importation: Nigeria spends $19m yearly -NADDC Director-General, NADDC, Joseph Osanipin Spare parts importation: Nigeria spends $19m yearly -NADDC The Director-General of the National Automotive Design and Development Council, Mr. Joseph Osanipin, has stated that Nigeria spends approximately 19 million dollars annually on the importation of motorcycle spare parts. Osanipin said this at NADDC’s 2024 end-of-year media briefing on Friday in Abuja. He emphasised the urgent need to reduce the country’s dependence on imported parts by bolstering local manufacturing. “Our investigation shows that the value of motorcycle spare parts imported into the country annually is close to 19 million…

Lagos shuts part of Lagos-Badagry Expressway for rehabilitation work Lagos shuts part of Lagos-Badagry expressway Lagos shuts part of Lagos-Badagry Expressway for rehabilitation work The Lagos State Government has announced planned repairs on the stretch of Iganmu Bridge (Lagos-bound), Eric Moore, Babs Animashaun, and Baale Junction (Badagry-bound) along the Lagos-Badagry Carriageway. A statement issued by the Lagos Commissioner for Transportation, Oluwaseun Osiyemi on Friday, stated that the repairs would be carried out in phases, with Phase 1 covering the stretch from Alagba Junction to Baale Junction on the Service Lane (Badagry-bound). This phase will commence on Sunday, 22nd December 2024,…

Laide Bakare bags Honorary Doctorate Degree in Arts and Humanities from American University Nollywood actress Laide Bakare has officially joined the ranks of doctorate degree holders. Laide Bakare bags Honorary Doctorate Degree in Arts and Humanities from American University Actress Laide Bakare recently received an Honorary Doctorate Degree in Arts and Humanities from the American University of Peace and Governance (AUPG), USA. The actress confirmed the news, sharing photos from the conferment ceremony on her Instagram page. She announced that it is now official to address her as “Hon. (Dr.) Laide Bakare,” expressing gratitude and dedicating the honour to her…

Kunle Afolayan, French Embassy partner for training of new generation of filmmakers Kunle Afolayan, French Embassy partner for training of new generation of filmmakers Mr. Kunle Afolayan is one of a kind. A multiple award-winning filmmaker, he has not only been showcasing Nigerian culture on the global stage via film, he has over the years been nurturing and producing a new generation of filmmakers that would take the world by storm. It was in this vein that his brain child, The KAP Film.and Television Academy in collaboration with the French Embassy in Nigeria recently trained a new crop of filmmakers…

Kumuyi Global Crusade ongoing, tells Government to attend to Nigerians Pastor Kumuyi Kumuyi Global Crusade ongoing, tells Government to attend to Nigerians Pastor William Kumuyi is ready to set Lagos on fire for God at the highly anticipated annual retreat and Global Crusade with Kumuyi(GCK). The cleric made this known at a press conference organised by the church He noted that this year’s event will be a transformative experience. The highly respected cleric said: “This is a general retreat programme where we reflect on the past, present, and future. We look forward to transformation in our lives, families, and nation.…

Polaris Bank Shines Winning SERAS Award, Africa’s prestigious Sustainability/CSR recognition Polaris Bank Shines Winning SERAS Award, Africa’s prestigious Sustainability/CSR recognition Polaris Bank Shines Winning SERAS Award, Africa’s prestigious Sustainability/CSR recognition Polaris Bank over the weekend, added yet another feather to its cap by winning Sustainability, Enterprise, and Responsibility Awards (SERAS), Africa’s most renowned and prestigious Sustainability/Corporate Social Responsibility (CSR) recognition, for its consistent and impactful critical community interventions across Nigeria over the years. At the 18th edition of the SERAS Awards, held at the Oriental Hotel, Lekki, Lagos, recognition came the way of Polaris Bank in what the organisers described…

Jigawa Flood Victims: Committee of Banks in Nigeria Donates Multimillion Naira Relief Materials Jigawa Flood Victims: Committee of Banks in Nigeria Donates Multimillion Naira Relief Materials Jigawa Flood Victims: Committee of Banks in Nigeria Donates Multimillion Naira Relief Materials. The Committee of Banks in Nigeria on Thursday lifted the victims of the recent flooding in some parts of Jigawa State with a solidarity visit to Dutse, the state capital, during which they made donation of assorted items of relief materials to the State Government as part of their own contribution to alleviate the plight of those impacted by the September…

Actress Etinosa Idemudia ties knot with Caucasian Lover Actress Etinosa Idemudia ties knot with Caucasian Lover Nollywood actress, Etinosa Idemudia has tied the knot with her Caucasian lover, joining the ranks of newlywed couples. This development comes after the actress recently unveiled her Caucasian partner, soliciting well wishes as she embarked on her new journey. In a surprise Instagram story update, Etinosa Idemudia revealed she has officially tied the knot, sharing the exciting news about her relationship status. Her announcement was accompanied by a photo showing their intimate court wedding, with the newlyweds sharing a kiss. The caption reads,“God…

FG Reveals Free Artificial Intelligence Academy for Nigerian Youths, Civil Servants, Students Chief Uche Nnaji, Minister of Innovation, Science, and Technology, on Thursday in Abuja FG Reveals Free Artificial Intelligence Academy for Nigerian Youths, Civil Servants, Students The Federal Government has unveiled a free Artificial Intelligence (AI) Academy to position Nigeria as a leader in the global digital economy. Megastar learned that this novel feat was launched by Chief Uche Nnaji, Minister of Innovation, Science, and Technology, on Thursday in Abuja, the initiative is a collaborative effort with the Commonwealth Secretariat and Intel Corporation. The program is designed to empower…