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Flutterwave experienced another security breach, which allowed unknown individuals to divert ₦11 billion to various bank accounts. This incident occurred just one month after Flutterwave secured a court order to recover $24 million lost due to unauthorized POS transactions, TechCabal reported. According to a financial services insider with direct knowledge of the incident, the perpetrators […]

Emirates Airlines has set October 1, 2024 date to resume flight operations to Nigerian airports after two years of halting operations in Nigeria. Earlier, Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, hinted of the development. A statement published by the Emirates on its official website, read: “Emirates will resume services to Nigeria […]

Oil prices edge higher on after falling earlier in the session as traders assess China’s inflation data and ahead of key U.S. readings this week. After shedding some gains towards the end of last week, Brent crude edged higher by 0.3% to US$83.02 per barrel and West Texas Intermediate crude gained 0.3% to US$78.49 per […]

Dana Airlines has announced a temporary  disengagement of some  staff following the suspension of its operations by the Federal Government.  in a statement by Kingsley Ezenwa, Head, Corporate Communications, Dana Air, said the disengagement was to ensure efficient management of resources. DIPLOMATIC DIARY reports that the Federal Government through the Minister of Aviation and Aerospace Development, Festus Keyamo […]

Non-bank credit card issuer, 03 Capital has signed a partnership deal with American Express (AMEX)  to offer US dollar denominated credit cards to Nigerians.  O3 said its latest partnership agreement with AMEX is to expand its offerings and boost the credit economy agenda in Nigeria. With the arrangement, American Express will issue four new American […]

The Central Bank of Nigeria has released the list of licenced Deposit Money Banks operating in the country. The list was made public on the CBN’s official website on Tuesday. 🟥Commercial banking licence with INTERNATIONAL authorization 🟥Commercial banking licence with NATIONAL authorization 🟥Commercial banks with REGIONAL authorization 🟥Non-interest banking license with NATIONAL authorization 🟥Merchant banking […]

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) in the country to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by its Director of Banking Supervision, Adetona Adedeji. This followed concerns expressed by customers of some of […]

Richard Teng, the Chief Executive Officer of Binance, has said that company executive Tigran Gambaryan, who was detained two months ago over allegations of financial crimes, is innocent. In a statement published on the company’s website on Tuesday, Teng also asked the Nigerian government to release Gambaryan. Nigerian law enforcement detained Gambaryan and fellow executive […]

The Central Bank of Nigeria (CBN) has ordered all Point-of-Sale (PoS) operators in the country to register their businesses with the Corporate Affairs Commission (CAC) within two months. This directive was announced after a meeting between Fintech companies and the Registrar-General/Chief Executive Officer of CAC, Hussaini Magaji (SAN), in Abuja on Monday, May 7. A […]

There are indications that Microsoft African Development Centre (ADC) may shut down its West Africa operation, located in Lagos, Nigeria. Athough no official statement from Microsoft yet, according to report by Guardian, the management of Microsoft on Monday informed the staff of the sudden development. Quoting an Industry sources, it said affected staff might be […]

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The federal government on Tuesday proposed N54,000 as a new minimum wage representing an increase of N6,000 from the N48,000 earlier proposed. This was proposed at resumed negotiation meeting between the federal government, organised labour and other tripartite committee members in Abuja on the new minimum wage DIPLOMATIC DIARY earlier reported that the Trade Union […]

All is set for the much anticipated 2024 edition of the record-breaking Global Ministers’ Classroom with Pastor Chris Oyakhilome, this week. Year after year, the Global Ministers’ Classroom has recorded a tremendous increase in Ministers’ attendance from 8 million in 2018, and 78 million in 2022, to a record-breaking attendance of 168 million in 2023, […]

The United Kingdom Government has prolonged the seasonal work visa program by 5 years, till 2029. This is after offering 43,000 seasonal work visas to immigrant workers in the horticultural sector and an additional 2,000 visas to the poultry sector. This implies that the immigration dream of 45,000 people has the chance of being achieved. […]

Popular Nigerian actor and movie producer, Yul Edochie, has revealed that he did not attend the funeral of fellow actor, John Odonwodo, popularly known as Jnr Pope, because the deceased allegedly betrayed him repeatedly while alive. last Friday in his native Enugu State, tragically passed away at the age of 43 alongside four others on […]

In another victory for the Rivers State Governor, Simi Fubara, over his former boss turned rival, Nyesom Wike, the Rivers State High Court has invalidated the amended Local Government Law enacted by the Martins Amaewhule faction of the Rivers State House of Assembly. Fubara’s loyalists, Enyiada Cookey-Gam and six others had approached the court to […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the benchmark interest rate by 150 basis points from 24.75 per cent to 26.25 per cent. The monetary policy rate (MPR) is the baseline interest rate in an economy, which banks use to set their interest rates. CBN Governor, Yemi Cardoso […]

The Israeli army said on Tuesday that it killed the commander of the pro-Iranian Lebanese Hezbollah movement’s rocket unit in a targeted airstrike in southern Lebanon. The army said it “hit and eliminated the terrorist” late Monday near the Lebanese southern port city of Tyre. It said that Kassem Siklawi was behind the planning and […]

The Rivers State House of Assembly loyal to Governor Siminalayi Fubara, will this Tuesday screen and possibly confirm eight commissioner-nominees, whose names were submitted to the House by the governor. This followed the resignation of some former commissioners loyal to the Minister of the Federal Capital Territory, Chief Nyesom Wike. The nominees include Charles Bekee, […]

Former President Goodluck Jonathan, has asked Rivers State Governor Siminalayi Fubara and Minister of the Federal Capital Territory (FCT), Nyesom Wike, to call a truce on their raging political feud that is threatening the peace, security, and progress of the state.. Jonathan made the call while flagging off the construction of the multi-billion-naira Trans-Kalabari Road project […]

Air Peace airline has debunked recent media reports alleging safety breaches during its operations in the United Kingdom, describing them as exaggerated and sensationalised. According to reports published by some media platforms, the London Gatwick Airport filed two mandatory occurrence reports to the United Kingdom Civil Aviation Authority (CAA) against the Nigerian flag carrier’s operations […]