Friday, May 10

The Importance of Licensing Cryptocurrency Businesses in Nigeria as Stated by IMF
10May By Afolake IbidunNo Comments
Business

The Importance of Licensing Cryptocurrency Businesses in Nigeria as Stated by IMF

According to the International Monetary Fund (IMF), it is crucial for global cryptocurrency trading platforms to obtain registration or licensing in Nigeria and comply with regulatory measures. This information was shared in the latest staff report for Nigeria by the Washington-based institution. The IMF highlighted concerns over the rapid proliferation of foreign exchange (FX) trading platforms in Nigeria, which could potentially impact the country's financial stability. The IMF supported the Nigerian government's decision to restrict cryptocurrency platforms back in February 2024. The recommendation put forth by the IMF is that global cryptocurrency trading platforms operating in Nigeria should be registered or licensed and adhere to the same regulatory standards applied to financia...
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Strategies to Resolve Ekiti and Osun’s Boundary Tussles
10May By Mariam AbdullahiNo Comments
News

Strategies to Resolve Ekiti and Osun’s Boundary Tussles

To strengthen the relationship between the southwestern states, Ekiti and Osun have devised strategies to address border disputes in some border towns. The peace agreement was reached during a meeting between a delegation led by Ekiti State Deputy Governor, Mrs. Monisade Afuye, and Osun's Deputy Governor, Prince Kola Adewusi, in Osogbo. The discussion involved key officials such as the Permanent Secretary, Chairman of the Boundary Commission Technical Committee, Surveyor General, and Deputy Chief of Staff from Ekiti. Prior to the meeting, the deputy governors held a private discussion to address the outstanding issues and formulate solutions to the boundary conflicts. In her statement, Mrs. Afuye emphasized Governor Biodun Oyebanji's commitment to fostering peaceful relationships with...
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Sad News: Demise of House of Representatives Member, Dogonyaro
10May By Mariam AbdullahiNo Comments
News

Sad News: Demise of House of Representatives Member, Dogonyaro

The House of Representatives member representing Garki/Babura federal Constituency of Jigawa State, Honorable Isa Dogonyaro, has passed away. Sharing the heartbreaking news on his Facebook page this Friday morning, Mohammed Bello El-Rufa’i, a fellow colleague of the late lawmaker, expressed his sorrow over the loss. He posted, “Inna lillahi wa inna ilaihi raji'un. Earlier today, we bid farewell to a House of Representatives member, a remarkable parliamentarian, and a genuinely good person. May Allah SWT forgive him and grant him Aljannatul Firdaus." Deputy House Spokesperson Phillip Agbese has confirmed the sad news to Daily Trust. He mentioned that he became aware of the lawmaker's demise through social media posts and WhatsApp groups associated with the House of Representatives. Agbe...
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Quick Recovery for Rivers United Defender, Ohaegbu, After Head Injury
10May By Ofomata EdidiongNo Comments
Sports

Quick Recovery for Rivers United Defender, Ohaegbu, After Head Injury

In a recent match against Kwara United, Rivers United defender Anthony Ohaegbu faced a head injury but has now fully recovered. The injury occurred when Ohaegbu collided with a Kwara United player on the field. Rivers United Media has confirmed that Ohaegbu is fit to play in their upcoming match against Sunshine Stars in Akure. The club expressed, “Our dependable center-back, Anthony Ohaegbu, has shown a rapid recovery from the head injury he sustained during the game against Kwara United.” “He is now back in action and ready for selection in the upcoming matches. “We commend the efforts of the medical team and all those who assisted in his recovery! We also extend a huge thank you to our loyal fans for their continuous support and belief in the team.”
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10May By Mariam AbdullahiNo Comments
News

Important Notice: JAMB Alerts Direct Entry Candidates about Registration Deadline

Potential Direct Entry (DE) candidates are being strongly advised by the Joint Admissions and Matriculation Board, JAMB, to expedite their registration process. In a recent announcement on its official social media platform, the board emphasized the urgency for DE candidates to complete their registration as soon as possible. While the DE registration is currently ongoing, JAMB indicated that the window for registration is expected to close shortly. According to the post, "Attention 2024 DE Applicants! This is to inform those who are yet to complete their registration that the registration is still ongoing and likely to be closed soon. You are by this notice urged to make hay while the sun shines." It is noteworthy that JAMB previously postponed the deadline for DE registration indefin...
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Authorities in Benin Apprehend 39 Suspected Internet Fraudsters
10May By Ofomata EdidiongNo Comments
Metro

Authorities in Benin Apprehend 39 Suspected Internet Fraudsters

A total of 39 individuals believed to be involved in internet fraud were apprehended by the operatives of the Benin Zonal Command of the Economic and Financial Crimes Commission, EFCC, in the state. According to a statement released by the commission on Friday, the suspects were captured at various locations in Benin City. The arrests were made based on valuable intelligence indicating their alleged participation in computer-related fraudulent activities. Among the items confiscated from the suspects were eight luxury vehicles, including two Mercedes-Benz GLK 350s, two Mercedes Benz C300s, two Lexus RX350s, a Toyota Camry, and a Lexus ES350, in addition to laptops and mobile phones. The law enforcement agency mentioned that the individuals will face charges in court once the investiga...
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NANS Urges CBN to Involve the Public in Understanding the Cybersecurity Levy
10May By Mariam AbdullahiNo Comments
News

NANS Urges CBN to Involve the Public in Understanding the Cybersecurity Levy

The National Association Of Nigerian Students, NANS, has called upon the Central Bank of Nigeria, CBN, to educate the general public on the proposed cybersecurity levy amidst the ongoing controversy. A circular issued by the CBN instructed banks to impose a 0.5% charge on specific transactions, sparking a wave of debates and objections from citizens amid the country's economic challenges. In a statement released by Comrade Lucky Emonefe, President of NANS, on Friday, the association supported the CBN's decision, emphasizing that it is vital in addressing cybersecurity threats faced within the Nigerian cyberspace. Emonefe urged the CBN to communicate with stakeholders and the public to clarify the purpose behind the levy, stating, “Recent events, such as the illicit financial activitie...
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Predictions by Chris Sutton for EPL Matches: Man Utd vs Arsenal, Nottingham Forest vs Chelsea, and More
10May By Ofomata EdidiongNo Comments
Sports

Predictions by Chris Sutton for EPL Matches: Man Utd vs Arsenal, Nottingham Forest vs Chelsea, and More

Chris Sutton, a former Chelsea player, has shared his predictions for the upcoming Premier League fixtures happening at various stadiums across England this weekend. This Sunday, Manchester United is set to host Arsenal at Old Trafford. On Saturday evening, Nottingham Forest will face off against Chelsea, while Fulham will take on Manchester City. In his predictions communicated through BBC Sport, Sutton forecasted the following outcomes: Fulham 1-3 Man City Bournemouth 1-1 Brentford Everton 2-0 Sheffield United Newcastle 3-1 Brighton Tottenham 3-1 Burnley West Ham 2-1 Luton Wolves 1-2 Crystal Palace Nottingham Forest 1-1 Chelsea Man Utd 1-5 Arsenal Aston Villa 2-2 Liverpool
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Man arrested by police for allegedly murdering friend over N3m job scam in Kano
10May By Ofomata EdidiongNo Comments
Metro

Man arrested by police for allegedly murdering friend over N3m job scam in Kano

A man named Sadiq Zubairu has been apprehended by the Kano State Police Command on suspicion of killing his friend, Bello Adam. This tragedy allegedly occurred due to Adam's failure to assist Zubairu in securing a job after providing him with N3 million. Zubairu had made a promise to his late friend Adam, who was a former colleague at the Kano Electricity Distribution Company, to help him secure a position at the Federal Inland Revenue Service. On May 5, 2024, at precisely 10 a.m., the police were alerted by the deceased's brother about Adam's disappearance, as stated in a release by the State Police Public Relations Officer, Haruna Abdullahi. Subsequently, the police received a report of a deceased male found near Bechi Village in Kumbotso Local Government Area of the state. Follo...
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10May By Ofomata EdidiongNo Comments
Sports

Wrexham’s Focus on Retaining Arthur Okonkwo, Confirms Manager Phil Parkinson

Manager of Wrexham, Phil Parkinson, has expressed the club's determination to retain Arthur Okonkwo. Okonkwo, who was on loan from Arsenal last season, played a crucial role in Wrexham's promotion to League One. Holding Nigerian nationality, Okonkwo's contract with Arsenal will be ending in June. Despite interest from various Premier League and Sky Bet Championship clubs, Parkinson remains optimistic about securing Okonkwo's stay at Wrexham. Speaking to BBC Sport Wales, Parkinson said, "Securing Arthur's stay may not be immediate, but we are committed to making it happen." The 22-year-old goalkeeper featured in 40 games for Wrexham across all competitions during the 2023/24 season.
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