Author: Naija Daily News

Nigerian cryptocurrency traders are upbeat as the Nigerian Government announced plans to lift stifling restrictions on cryptocurrency platforms and dealers. The Securities and Exchange Commission (SEC) said it plans to issue licenses and certificates to crypto dealers and exchanges. The move came after the tension between dealers and the Nigerian government following allegations that crypto platforms and dealers like Binance were manipulating the naira, leading to the country’s currency volatility. SEC Director-General Emomotimi Agama emphasized the importance of supporting the youth in fintech, noting the significant and growing market size. He stated, “Being a crypto and fintech enthusiast, I can…

Embattled Rivers State Governor, Siminalayi Fubara, has assured the leadership of the People’s Democratic Party, PDP, that he has no plan of leaving the state. Fubara met a delegation of the PDP led by the Board of Trustees Chairman, Senator Adolphus Wabara, who visited him at the Government House, Port Harcourt. Wabara, a former President of the Nigeria Senate, said the visit was to ensure that the PDP continued to retain control of Rivers as a vital state in his plan. He said the PDP would die if it loses the state. He said, “If I was having any doubt…

The Federal Government’s committee on the sale of crude oil to local refineries in naira has reached an agreement with Dangote Petroleum Refinery to commence the rollout of Premium Motor Spirit (petrol) in September 2024. Additionally, the government announced that the sale of crude oil to Dangote Refinery and other local refineries will begin on October 1, 2024. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a meeting with the Implementation Committee in Abuja. The meeting aimed to review progress on key initiatives and outlined crucial roles for stakeholders, including the…

In a last-ditch bid to reduce crimes, especially kidnapping and banditry in the country, the Nigerian Police Force has unleashed a special squad of 169 men and officers. The Inspector General of the Nigerian Police, Kayode Egbetokun, said the unit aims to reduce the critical caps in the current policing system and reduce crime in the country. Armed banditry, kidnapping and other organised crimes have crippled economies and social lives across the 36 states of the Nigerian federation, with Abuja, the country’s seat of power not spared. Speaking during the squad launching ceremony at the Mobile Police Force Training College,…

The families of the six hostages retrieved by the Israeli military are experiencing a mix of emotions while the incident has increased grief and angst among the Israelis in the unending Israel/Palestine Conflict. While there is a sense of relief that their loved ones’ bodies have been recovered, the overwhelming grief of their loss remains profound. Many families have expressed gratitude to the military for their efforts but are also calling for continued action to secure the release of the remaining hostages. The broader community is showing solidarity with the affected families, offering support and condolences during this difficult time.…

Amidst the ongoing petrol crisis across the country, the Nigeria National Petroleum Corporation (NNPC) has declared an eye-watering profit of about N3,3 trillion. Olufemi Soneye the national oil company’s Chief Corporate Communications Officer, said the profit is the highest in the 46-year history. He said, “The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion (28%) when compared to the 2022 profit of N2.548trillion.” NNPC’s Chief Financial Officer of the Company, Mr. Umar Ajiya told a…

The Nigerian Police Force has invited the President of Nigeria Labour Congress, NLC, for question over alleged involvement in terrorism financing. Ajaero, in the invitation letter signed by ACP Adamu S Muazu, Assistant Commission of Police, in the Intelligence Response Team (IRT), Abuja, is wanted in connection with a case of criminal conspiracy, Terrorism, Treasonable Felony, Subversion and Cybercrime involvement. Muazu said, “This office is investigating a case of (of the above crimes) in which you (Ajaero) was mention”. “Be informed that in the event of failing to honour this letter, this office will have no alternative than to activate…

The End Bad Governance protest that swept across Nigeria early in August assumed a frightening dimension in the northern part of the country with widespread violence and unmitigated looting and destruction of public and private assets reported in nearly all 19 states of the region suffered varying degrees of carnage. Despite Nigeria being ruled by northern leaders, Hausa/Fulani land’s vast lands have remained mostly underdeveloped. The region boasts the highest number of illiterates in the country, with the Almajiris culture unchanged and growing. This is despite the region occupying the highest political office in the country for 41 of its…

Open defecation obstacle to health Open defecation has been identified as an obstacle to human nutrition and overall health by an expert in Water Sanitation and Hygiene (WASH), Mr Sunny Egbukile. Egbukile, an engineer and Director at the Delta State Rural Water Supply and Sanitation Agency (RUWASSA) asserted during a one-day training session for the Water Sanitation and Hygiene Committee (WASHCOM) and women’s cooperative societies in Obinomba, Ukwuani LGA. The training focused on community-led total sanitation. Egbukile emphasized the strong connection between Water Sanitation and Hygiene (WASH) and nutrition. He explained that increased water supply, hand washing with soap or…