FirstBank becomes sole FX dealer to BDCs

Due to its strict compliance to the Central Bank of Nigeria (CBN) rules and directives on the sales of foreign exchange, FirstBank has become the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in the country. The announcement is coming on the heels of the Bank’s strengthened money transfer services as well as its compliance to CBN’s rules. The Bank had consistently sold dollars to over 500 BDCs as directed by the CBN to improve dollar liquidity and strengthen the Naira in line with…

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SHOPRITE RISKS TOTAL SHUTDOWN OVER GMO

Through its National Biosafety Management Agency,the Federal Government of Nigeria has issued a seven-day ultimatum to retail store giants, Shoprite and Next Cash ‘N’ Carry to withdraw any product that contains Genetically Modified Organisms from their stores or risk a total shutdown. The Director-General, NBMA, Dr. Rufus Ebegba, said the complaints has come from the public about the sale of GMO foods in the two stores. He stated, “Recently, we carried out a survey of likely GMO products and we have been able to have some collections, some materials that…

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Arrested Judges open up on why DSS, AGF is after them.

Some of the judges whose homes were raided by operatives of the Department of State Service, DSS, last weekend are poised to fight back, opening cans of worm, with one of them indicting the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN. Already, two of them who are currently serving at the Abuja Division of the Federal High Court, Justices Ademola Adeniyi and Nnamdi Dimgba, have concluded plans to file separate suits against the DSS for violating their constitutional rights. While Justice Ademola was one of…

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Some of us Nigerians are wicked -Buhari

President Muhammadu Buhari has declared that his administration will continue to “to be very hard on corruption”. He gave the assurance to Nigerians in Germany today that his administration will be unrelenting in prosecuting the anti-corruption war. “If you work hard and get your money we will try and see how much tax you can pay us, but to take money from government and get away with it no more,’’ the said, wondering why some Nigerians chose to be wicked to their country. He said it was regrettable that over…

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LAGOS STATE ENDORSES HERITAGE BANK SKOOLYMPICS PROJECT

Lagos State Government has endorsed the Heritage Bank Skoolympics project, an initiative of Heritage Bank Plc, aimed at building a heritage of champions through youth sports competition at the secondary school level Mr. Ayodeji Tinubu, Special Adviser to the Lagos State Government on Sports, gave the endorsement at a stakeholders meeting held at the corporate headquarters of the bank in Lagos recently, noting that Heritage Bank is the only bank at the moment that is undertaking such a lofty and premium sporting project in the state, which maiden event will…

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Dylan Jones to speak about Global Fashion Trends at the GTBank Fashion Weekend

An illustrious veteran of lifestyle journalism, Dylan Jones has seen it all in the world of fashion and style, having been involved with lifestyle magazines for three decades. Since 1999, Dylan has led GQ to over 30 awards while winning nearly a dozen personal awards in the process, including being appointed an Officer of the Order of the British Empire (OBE) in 2013 by the Queen of England. On the 12th and 13th of November 2016, Dylan Jones will be at the GTBank Fashion Weekend to share his rich insights on…

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Alaafin of oyo fights for boxing title

As the peak of a nine-day event lined up to mark the 78th birthday of Oba Lamidi Adeyemi, the Alaafin of Oyo, an ex-boxer of repute, who retired from boxing after his enthronement in 1970, has dusted his boxing gloves and will, today, mount the ring to take on his opponent at Oyo Township Stadium. One of the participants, who is the Vice President of Nigerian Boxing Managers Association, Isiaka Olatunji, said a boxing belt will be presented to the winner of the bout between Alaafin and his opponent. A…

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Vice president Yemi Osinbajo receives the 21 freed Boko haram captives

21 of the girls abducted by the jihadist group Boko Haram has been freed after more than two years in captivity, raising hopes for the release of the others, officials said Thursday. Also Ryan Cummings, a director at intelligence firm Signal Risk. has said: “whatever is being given to Boko Haram in exchange for the girls would potentially be used against the Nigerian state again.” While the return of the 21 girls is an encouraging sign, analysts point out that Boko Haram is still a potent force in the region…

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I may not support my husband for next election– Aisha Buhari

Mrs. Aisha Buhari, wife of the President of Nigeria, has warned that her support for her husband for 2019 election rest on her husband’s readiness to shakeup his government. The soft spoken Aisha Buhari in a BBC Hausa interview monitored in Kano said that Buhari’s government has been hijacked by cabal who are “behind presidential appointments”. Mrs Buhari revealed that “he is yet to tell me, but I have decided as his wife, that if things continue like this up to 2019, I will not go out and campaign again…

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China bans X-ray scanners at airports

Chinese government has ordered  the removal of full-body X-ray scanners at airports and railway stations due to radiation risks. In an urgent document sent to the Department of Environmental Protection of Sichuan Province (DEPSP) on Monday and published on Wednesday, the  Ministry of Environmental Protection (MEP) urged DEPSP to strengthen law enforcement and stop producing, selling and using full-body X-ray scanners without authorisation to ensure the safety of the people. The document came after some travellers complained about radiation hazards and the use of full-body security scanners at airports and railway…

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