News - NewsNow Nigeria

7May

By Mariam AbdullahiNo Comments

News

120 Farmers in South South Region Benefit from Women Agriculture Support Scheme Inaugurated by Remi Tinubu

Senator Oluremi Tinubu, the First Lady of Nigeria, officially launched the Renewed Hope Initiative Women Agricultural Support Programme in the South-South geopolitical zone on Tuesday, May 7. The event took place at the Government Banquet Hall, Uyo, Akwa Ibom State. During the inauguration, Mrs. Tinubu disclosed that the program aims to empower 20 women from each of the six states in the South-South region with a grant of N500,000 per beneficiary. The beneficiaries, she noted, are primarily involved in animal husbandry, poultry, and fish farming, with 75% being young females. Represented by Hajia Nana Shettima, the wife of the Vice President, the First Lady explained, "Today, we are supporting 20 women farmers per state in the South South Zone with the sum of N500,000 each. A total of ...

Borussia Dortmund Secures Spot in Champions League Final

7May

By Ofomata EdidiongNo Comments

Sports

Borussia Dortmund Secures Spot in Champions League Final

In an exciting turn of events, Borussia Dortmund has officially secured a spot in this season's Champions League final. The German Bundesliga team emerged victorious with a 1-0 win against Paris Saint-Germain at the Parc des Princes on Tuesday night, solidifying their place in the final match. The crucial goal came early in the second half courtesy of Matt Hummels, who skillfully headed in a corner past Gianluigi Donnarumma. This victory follows Dortmund's 1-0 win against PSG in the first leg held at the Signal Iduna Park last week. Anticipation now rises as Dortmund gears up to face either arch-rivals Bayern Munich or Real Madrid in the forthcoming final showdown. The Bayern Munich versus Real Madrid first leg clash concluded with a thrilling 2-2 draw at the Allianz Arena.

Nigerian banks instructed by CBN to halt cash deposit charges

7May

By Afolake IbidunNo Comments

Business

Nigerian banks instructed by CBN to halt cash deposit charges

An announcement from the Central Bank of Nigeria directs banks to cease imposing charges on cash deposits. Issued in a circular dated May 6, 2024, and signed by Adetona Adedeji, the Director of Banking Supervision at the apex bank. The suspension of these charges is set to remain in effect until September 30, 2024, as emphasized by the apex bank. This directive follows the practice in Nigerian banks where individuals faced a two per cent charge on deposits exceeding N500,000, and corporate account holders were subject to a two per cent charge on deposits above N3 million. However, in the latest circular addressed to both financial and non-financial institutions, the CBN clarifies that these processing fees are put on hold. "Making reference to our communication dated December 11, 2023...

Public Ranch Management Agency Bill Passed by Enugu Assembly

7May

By Mariam AbdullahiNo Comments

News

Public Ranch Management Agency Bill Passed by Enugu Assembly

On Tuesday, the Enugu State House of Assembly approved the Public Ranch Management Agency bill, empowering the state government to establish an agency responsible for overseeing both government-owned and privately-owned ranches within the state. During the deliberation before passing the bill, Clifford Obe, the representative for Igbo-Eze North Constituency II, emphasized that the legislation aimed to address the longstanding conflict between farmers and herders in the state. Obe highlighted the adverse impact of the farmer/herder crisis on agricultural productivity in the local market, citing instances of farmers being displaced from their lands, which resulted in increased criminal activities and rural-to-urban migration. He noted that the bill would pro...

Stormy Daniels Testifies in $130,000 Hush Money Case Involving Donald Trump

7May

By Mariam AbdullahiNo Comments

News

Stormy Daniels Testifies in $130,000 Hush Money Case Involving Donald Trump

Testifying in the ongoing hush money trial against former President Donald Trump, porn star Stormy Daniels shared that her life spiraled into disarray following the exposure of the hush-money agreement aimed at keeping silent about their alleged sexual encounter. During her testimony to the New York jury, Daniels recounted feeling ostracized and harassed at home due to the hush money revelation, stating it brought chaos into her life. She expressed how her cover was blown, leading to inquiries from her husband and friends. Detailing the alleged 2006 sexual encounter with Trump and the subsequent $130,000 hush money payment she received during his 2016 presidential campaign, Daniels revealed her concerns about not receiving the payment if he won the election. Despite honoring the ag...

CBN’s Cybersecurity Levy Receives Mixed Reactions from NLC

7May

By Afolake IbidunNo Comments

Business

CBN’s Cybersecurity Levy Receives Mixed Reactions from NLC

Expressing strong opposition, the Nigeria Labour Congress (NLC) has rejected the recent directive by the Central Bank of Nigeria (CBN) imposing a 0.5 percent cybersecurity levy on electronic transfers. In a statement released in Abuja on Tuesday, NLC President Joe Ajaero conveyed the union's stance on the matter. The CBN's circular, instructing banks and payment service operators to implement the deduction within two weeks, prompted the NLC's response. Describing the levy as potentially intensifying the financial burdens on the populace, Ajaero criticized the CBN's move. He strongly denounced the directive and demanded an immediate halt and reversal of the policy, highlighting that the levy adds to the financial strains faced by hardworking Nigerians. While acknowledging the importanc...

Concerns Raised by NLC Over CBN’s Cybersecurity Levy

7May

By Afolake IbidunNo Comments

Business

Concerns Raised by NLC Over CBN’s Cybersecurity Levy

In response to the recent directive from the Central Bank of Nigeria (CBN) regarding a 0.5% cybersecurity levy on electronic transfers, the Nigeria Labour Congress (NLC) has expressed its objection. NLC President Joe Ajaero conveyed the organization's stance in a statement released to the press in Abuja on Tuesday. The move by the CBN, requiring banks and payment service providers to implement the levy within two weeks, prompted Ajaero's reaction. The CBN stated that the initiative, ostensibly aimed at enhancing cybersecurity measures, could further strain the financial situation of the people. Ajaero strongly criticized the directive, calling for an immediate halt and reversal of the policy. He decried the levy, which would be deducted at the start of transactions, as an additional b...

Maitland-Niles Picks Arsenal to Win EPL Title Without Envy

7May

By Ofomata EdidiongNo Comments

Sports

Maitland-Niles Picks Arsenal to Win EPL Title Without Envy

In a recent revelation, Lyon midfielder Ainsley Maitland-Niles expressed his desire for Arsenal to clinch the Premier League trophy this season. Having made his debut for the Gunners back in 2014 after progressing through the Hale End Academy, Maitland-Niles' journey led him on loan spells to West Brom, Roma, and Southampton before eventually securing a permanent move to Lyon as a free agent in 2023. Despite his departure from Arsenal, Maitland-Niles still holds a deep affection for his childhood club. Speaking to The Athletic, he remarked, “It’s my boyhood club, I still root for them and keep a close eye on their progress. I really hope they manage to secure the league title this year. Seeing them achieve that would bring me immense joy. I harbor no feelings of envy whatsoever.” ...

Nigeria Labour Congress Stance on CBN’s Cybersecurity Levy

7May

By Mariam AbdullahiNo Comments

News

Nigeria Labour Congress Stance on CBN’s Cybersecurity Levy

Expressing their disapproval, the Nigeria Labour Congress, NLC, has rejected the recent implementation of a 0.5% cybersecurity levy on electronic transfers by the Central Bank of Nigeria, CBN. In a statement released to the press in Abuja on Tuesday, NLC President Joe Ajaero voiced the organization's stance on the matter. Ajaero responded to a recent circular from the CBN instructing banks and payment service providers to apply the levy within two weeks. Labeling the move as potentially worsening the economic hardship faced by the populace, the CBN justified the levy as a measure to enhance cybersecurity. The NLC President strongly criticized the directive, demanding an immediate halt and reversal of the policy, highlighting that this additional cost burden on Nigerians is unfair,...

Commitment from Ondo State Government to Enhance Welfare Package for Sunshine Stars

7May

By Ofomata EdidiongNo Comments

Sports

Commitment from Ondo State Government to Enhance Welfare Package for Sunshine Stars

Enhancing the welfare of players and backroom staff of Sunshine Stars for increased productivity is a priority as assured by the Ondo State government. Saka Yusuf-Ogunleye, the State Commissioner for Youth Development and Sports, conveyed this commitment to the team during a meeting held on Tuesday. Addressing the team, Yusuf-Ogunleye emphasized the significance of tackling challenges promptly for achieving desired outcomes. He advised against complacency in the remaining fixtures of the season to the team. “Our current situation is a result of various forms of indiscipline, even with the presence of talented players in the team. It is time to put an end to this,” he affirmed. “Issues within the team will be dealt with, ensuring that insubordination and lack of discipline become histo...