Author: Naija Daily News

By Deborah Nnamdi The Central Bank of Nigeria, CBN, today announced that it has approved the waiver of non-refundable annual license renewal fees for existing Bureaux De Change (BDCs) in the country. The Apex Bank disclosed this in a circular to all BDC operators and stakeholders in the financial services industry. The circular signed by the Acting Director of, the Financial Policy and Regulations Department, CBN, John Onojah stated: “This is to inform all existing bureaux de change that further to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria, 2024, and the ongoing transition to the…

By Deborah Nnamdi The National Agency for Food and Drug Administration and Control, NAFDAC, has sealed the popular Cemetery market in Aba, Abia State as part of efforts to curb the circulation of fake and substandard wine and beverages in Nigeria. The market is allegedly known as a haven for the largest cartel ring for the manufacture of fake wines and beverages in Africa. The current action of NAFDAC is the most audacious in the history of the market with specific zones barricaded with iron welding and access gates locked to date. The operation carried out in conjunction with a…

An Air Busan plane caught fire at an airport in Busan, South Korea, on Tuesday night, forcing all passengers and crew members to evacuate, officials said. The plane, an Airbus A321, had been scheduled to fly to Hong Kong from Gimhae International Airport, when a fire broke out near its tail at around 10:30 p.m., before takeoff. South Korea’s Transport Ministry said in a statement that all 176 people on board, 169 passengers, six flight attendants, and a flight engineer escaped through evacuation slides, although minor injuries were reported. Videos and photos of the blaze broadcast on local media showed…

By Deborah Nnamdi The Federal Government of Nigeria generated approximately N2.4 billion from marriage contracts through its marriage registry in 2024. Minister of Interior, Olubunmi Tunji-Ojo disclosed this on Tuesday in Abuja during a media chat. According to the minister, over N3.2 billion was generated from expatriate quota applications, marking a 150% increase in overall revenue. The Ministry of Interior’s marriage registry has become a substantial source of income. In 2023, the Ministry surpassed its projected revenue from marriage contracts, collecting N892.774 million as of October 31, 2023, exceeding the N380 million target by over N500 million. The issuance of…

The Group Chief Executive Officer of OandO Plc, Wale Tinubu has disclosed that the oil firm is partnering with the Lagos State Government to deploy 5,000 electric buses for public transportation in the state. Tinubu said this in an interview with CNBC Africa on the sidelines of the just concluded World Economic Forum in Davos, Switzerland. He said the decision to invest in electric vehicles, particularly for public transportation, is informed by the company’s commitment to adopting cleaner energy solutions as part of its ‘just’ energy transition drive. He makes a case for a ‘just transition’ over decarbonization in Africa…

By Gabriel Efe, guest writer Thrasymachus, the ancient Greek Sophist, is remembered for his controversial stance on justice. In Plato’s Republic, he argues that justice is nothing more than the advantage of the stronger. This idea challenges traditional views of morality and invites us to examine the dynamics of power and ethics. In the Nigerian context, his principle offers an important lens for understanding the relationship between leadership, power, and justice in our society. Thrasymachus’ Argument in FocusThrasymachus’ argument is built on the premise that those in power define what is just. They create laws and systems to benefit their…

Photo: an Holocaust survivor By Douglas Maha German, Polish, France and other global leaders gathered to commemorate the 80th anniversary of the liberation of Auschwitz-Birkenau, the notorious Nazi concentration and extermination camp, where over one million persons, mostly Jews, were killed during World War II. The ceremony, held at the Auschwitz-Birkenau Memorial in Oświęcim, Poland, honoured the memory of over one million victims who perished at the camp, as part of ongoing global efforts to remember the atrocities of the Holocaust and ensure that such horrors are never repeated. January 27, the day Soviet troops liberated the camp in 1945,…

The presidential candidate of the opposition Labour Party (LP) in the 2023 general elections, Peter Obi, on Monday, dashed the hopes of some opposition leaders aiming to form a coalition ahead of 2027, distancing himself from such a venture. He emphatically stated: “I’m not interested in coalition for power grabbing.” Speaking on the sidelines of the 2-day National Conference on Strengthening Democracy in Nigeria with the theme: “Strengthening Nigeria Democracy: Pathway to Good Governance and Political Integrity” in Abuja, the former Anambra State governor noted that past coalition moves in the country have been reduced to power grabbing. Obi questioned…

By Deborah Nnamdi The Nigeria Police Force, NPF, Federal Capital Territory, FCT, Command, has confirmed the kidnap of four persons at Chikakore community in the Bwari Area Council. The spokesman of FCT Police Command, Josephine Adeh, said the police have launched an investigation aimed at arresting the seven unknown gunmen who disguised as vigilante members to invade the community. Adeh called for information that could lead to the arrest of the suspects in a statement on Monday. According to Adeh: “On 27th January 2025, at about 1:00 A.M., the FCT Police Command received a distress call regarding a case of…

By Deborah Nnamdi Operatives of the Rivers State Police Command have arrested four suspected criminals while on the way to their hideout in the Oyigbo local government area of the state. The police said the suspects were apprehended during a targeted raid on Blessing Street in the Kom-Kom area of the local government area. The spokesperson for the State Police Command, SP Grace Iringe-Koko, disclosed this in a statement issued to newsmen in Port Harcourt on Monday. According to her, one live ammunition and containers with liquid substances suspected to be hard drugs were retrieved from the suspects, adding that…