New CBN forex policy ‘ll provide succor for travelers, businesses

The directives by the Central Bank of Nigeria directing banks to start selling dollars for invisibles transactions such as personal travel allowance, business travel allowance, school fees and others at N360 to a dollar has been described as a right move in the right direction. For this purpose, the apex bank released  $85 million for…

Keystone Bank: New owners’ identities still shrouded in secrecy

By Odunewu Segun The personalities of the backers behind Sigma Golf-Riverbank Consortium, the firm that acquired Keystone Bank from the Asset Management Corporation of Nigeria (AMCON) is still shrouded in secrecy, even after the official handover by AMCON. Checks by National Daily have shown that both Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited the…

3 arrested over murder of Jumia despatch rider

An unidentified body of a despatch rider with Jumia online shopping portal allegedly murdered by three suspects has been recovered in a septic tank in Port Harcourt. National Daily learnt that the items he went to deliver at a house in Ada-George Area were two iPhones and a motorbike. It was further gathered that the…

Customs impound Senator’s smuggled cars

As Saraki denies ownership of bulletproof SUV The Compliance Task Force that Comptroller-General of Customs, Hameed Ali, set up has impounded about 223 vehicles 13 of which belong to a serving Senator from Kano State. According to the Task Force Zonal Commander, Mr. Bala Dole, the vehicles which belonged to an unnamed Senator included 12…

Adeoye Ikugbayigbe, a 23-year-old man has been apprehended by the Ogun State Police Command for allegedly beheading a 72 year-old-woman over land dispute. Funmilayo Shada, the victim was killed by Ikugbayigbe after a running battle over a portion of land. Soon after the killing, National Daily gathered that Shada’s son, Ekundayo, was said to have…

Sambisa Memorial Day ushers in next Christmas in Nigeria

The Borno state Government, in appreciation of the role Nigerian Army played in the fall of Sambisa Forest, has declared December 22, two days before Christmas, of every year as public holiday. Governor Kashim Shettima said in Borno on Monday that the declaration became necessary to celebrate the defeat of the Boko Haram terrorists by…

Obasanjo’s wife drags husband to court to stop son’s wedding

The wife of the former President Olusegun Obasanjo has instituted a law suit at the Ikeja High Court on Monday to stop the wedding of her son scheduled to take place on May 11. National Daily gathered that Mrs Taiwo decided to sue her husband and the father of the bride for excluding her in…

Herdsmen invades prison farm

The Benue Prisons Service on Monday confirmed that herdsmen invaded its Jato-Aka Farm Centre and killed an inmate, one Tersoo Agidi. Stephen Nwanchor, the Public Relations Officer of Benue Prisons Service said in Makurdi that the incident took place on Saturday at the farm centre. Nwanchor said the invasion was not a failed jail break…

Ex-governing serving jail term falls sick, granted bail

Adamawa’s former governor jailed for corruption by the High Court in Yola March 6 has been granted bail on health grounds. Justice Nathan Musa convicted ex-Gov. Bala Ngilari of four charges, and discharged him on one bordering on conspiracy. The EFCC prosecuted Ngilari and two others for giving N167 million contract without due process. The…

Uncertainties over naira’s devaluation hamper investors – Expert

The issue multiple forex rates which has complicated the actual value of the naira in dollar terms remains a major setback for investments inflow into the country, National Daily has gathered. According to findings, there are elevated fears that devaluation might catch up with investments. Reacting to the issue, an independent global risk consulting company,…

Confusion over Dino Melaye certificate scandal

ABU VC confirms Dino graduated from with Third Class, The certificate scandal involving Senator Dina Melaye is becoming compounded as the Vice Chancellor of Ahmadu Bello University, Zarai, Kaduna State, Professor Ibrahim Garba, this Monday confirmed before the Senate Committee on Ethics, Privileges and Public Petitions that the senator, representing Kogi West Senatorial District, Dino…

SERAP revisits N481bn 2016 Budget padding: Demands prosecution of indicted officers

 The Socio-Economic Rights and Accountability Project, (SERAP) has revisited the N481 billion budget padding in the 2016 budget which generated monumental controversies in the National Assembly. The group has requested President Muhammadu Buhari “to urgently instruct security and anti-corruption agencies to forward to him reports of their completed investigations into allegations of padding and stealing of some N481 billion from the 2016…

Embattled EFCC boss may be re-nominated a third time The pressures on President Muhammadu Buhari on the re-nomination of Ibrahim Magu, Acting Executive Chairman of the Economic and Financial Crimes Commission (EFCC), for confirmation as substantive EFCC Chairman, or dumping and replacing him with another nominee, have generated mix-up in the seat of power. National…

CBN pegs dollar at N360, directs banks on immediate implementation

By Odunewu Segun The Central bank of Nigeria (CBN) has ordered all deposit money banks to immediately commence the sale of foreign exchange to their customers at not more than N360 to the dollar. According to spokesperson of the CBN, Isaac Okarafor, who announced the news directive on Monday, March 27, said all customers requesting…

Read how FG plans to sell crude oil to illegal Niger Delta refiners 

By Ediale Kingsley National Daily has uncovered details of the President Muhammadu Buhari’s new vision for oil-producing communities in the Niger Delta. This emerging new idea is now being worked out to explore how some of the illegal refiners and the local communities in the region can become shareholders in the proposed Modular refineries concept…