The Central Bank of Nigeria has announced a fresh Foreign Exchange Code as guidelines to legible players in the country’s FX market to stabilize the Naira. The FX code was contained in a document released on CBN’s official website on Thursday, October 3, 2024. According to the apex bank, the FX code will regulate Nigeria’s financial system and supervise the foreign exchange market in line with global best practices. CBN noted that the fresh FX Code is organized around six principles, including ethics, governance, execution, risk management and compliance, information sharing and confirmation and settlement processes. The apex bank stated…
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Former Villarreal midfielder, Marcos Senna has picked between Cristiano Ronaldo and Lionel Messi. He said that Messi’s passing ability makes the Argentine impact the game more, thus backing the 37-year-old. He said (via Portuguese outlet A Bola): “When I was asked before if I preferred Messi or Cristiano, I always chose Messi because of the pace. “He had more presence in the game. More diversity of passes and different things.” Senna spent 11 seasons at Villarreal where he faced off multiple times against both Messi and Ronaldo. He did not have particularly memorable times against either superstar. GOAT: I always…
Technology giant, Microsoft and the US Justice Department said on Thursday they had seized more than 100 websites they alleged were being used by Russian groups to commit computer fraud and abuse in the United States. Between January 2023 and August 2024, Microsoft observed the group, code-named “Star Blizzard,” target more than 30 civil society entities and organisations, including journalists, think tanks, and non-governmental organisations, a joint statement said. “The Russian government ran this scheme to steal Americans’ sensitive information, using seemingly legitimate email accounts to trick victims into revealing account credentials. “With the continued support of our private sector…
The Academic Staff Union of Universities, ASUU, has warned that most Nigerian universities are currently on the verge of collapsing following “unbearable cost of electricity”. ASUU President, Prof. Emmanuel Osodeke, who spoke on Thursday during the opening session of a two-day national conference convened by the union in Abuja, said the electricity bills of some universities run between N200m to N300m monthly. According to him, upon the huge bills universities only receive N15m monthly from the federal government as running costs for both electricity and other bills. He lamented that while the universities get N15 million as total running cost,…
Real Madrid defender, Antonio Rudiger has picked Sergio Aguero as the toughest “human being” he has played against. The Germany International also believes that most talked about superstars, Lionel Messi and Cristiano Ronaldo are from a different planet. While defending for Chelsea, Rudiger faced Aguero on multiple occasions. Messi (37) and Ronaldo (39) are two of the most respected footballers in the world due to their achievements in the beautiful game. Rudiger was able to play against the Portuguese after he (Ronaldo) made a shocking return to Manchester United for his second spell and the German was still at Chelsea.…
Chelsea legend, Frank Lampard has opined that Lionel Messi and Cristiano Ronaldo are on the same level. The Englishman believes that neither of both superstars is superior to the other. The former Chelsea player and manager acknowledged the abilities of both players and showered them with praise. Speaking in an interview with Diario AS, the former midfielder was asked if he was a Messi or Ronaldo fan or both. “I don’t like this conversation. I’ve played against both. More with Cristiano Ronaldo when he was at Manchester United. “For some reason, against Real Madrid we didn’t face each other in…
The Minister of Power, Adebayo Adelabu has said that electricity is cheapest in Nigeria compared to other African countries. Adelabu disclosed this on Thursday when he received the Secretary of the Lottery Trust fund, Tosin Adeyanju at his office in Abuja. According to Adelabu, Nigeria and the World in general grapple with two basic problems: Food and Energy security. “All over the world today, we are faced with two basic issues and these are food and energy securities “It is worth noting that the price of electricity is still the cheapest in Nigeria compared to even other African nations,” he…
Delta State Police command has arrested two women over a newborn baby boy they bought at N2 million from a baby factory in Port Harcourt, Rivers State. They were delivering the baby to the buyer in Delta State when they ran out of luck. The commercial motorcycle rider, (keke rider), who overheard the discussion of the two women, swiftly headed to the police station instead of the agreed destination of the women in the process of delivering the baby. Delta State Police Command’s Spokesman, Bright Edafe, a Superintendent of Police (SP) said: “On 1/10/2024, about 1830hours, a tricycle rider (name…
A bill for an Act to establish Nigeria Surrogacy Regulatory Commission has passed second reading in the House of Representatives. The bill, which sought monitoring and supervision of surrogacy arrangements and to provide for the registration and regulation of surrogacy, was sponsored by Rep. Olamijuwonlo Alao-Akala (APC-Oyo) at plenary on Thursday. Surrogacy is a process in which a woman carries and delivers a child or children for a couple struggling to have children or an individual who wishes to have a baby but does not want to go through pregnancy at agreed terms. Alao-Akala, while speaking to newsmen after the…
Azubuike Okorie, a witness of the Economic and Financial Crimes Commission (EFCC), in the trial of former Aviation Minister, Hadi Sirika has told a High Court of the Federal Capital Territory (FCT) that under the Procurement Act, it was only the Permanent Secretary of the ministry that has the responsibility of compliance with the Act. The witness, a retired Director of Procurement in the ministry and a special assistant to the former minister, said this while testifying as the second prosecution witness (PW2) in the corruption charges against the former minister who served under the administration of former President Muhammadu…