Day: November 5, 2021

In its Annual Currency Operations report for 2020, the Central Bank of Nigeria revealed that it spent the sum of N58.6 billion to print 2.52 billion Naira notes valued at N1.1 trillion in 2020. Disclosing these yesterday, the apex bank also said it utilized $1.83 billion within the same year to fund Bureaux De Changes (BDCs) and Ministries, Agencies and Departments (MDAs) operations. The currency printing cost, however, indicated a significant decrease Year-on-Year as it spent N75.5 billion and N64.04 billion in 2019 and 2018 respectively for the same purpose.…

A clash between men of the police command in Meiran, Lagos state and tricycle operators in the area left no fewer than three persons dead. It was gathered that trouble started when a yet-to-be-identified traffic warden allegedly stabbed a tricycle operator, identified only as Eleyele, to death for refusing his demand for N100. Angered by the development, the victim’s colleagues ran after the policeman, who fled the scene. After the cop escaped, the protesting crowd carried the victim’s remains to the front of the Meiran Police Division, where it was…