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 […]
Ikeja Electric Distribution Company (IE) has announced a downward review of electricity tariff rate for its customers in Band A from N225/kWh to N206.80/kWh. This followed a May 2024 Order on Tariff Increase on Band A Feeders by the Nigerian Electricity Regulatory Commission (NERC). The previous announcement of the tariff increase on Band A, on […]
The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit Insurance coverage for depositors of banks by 900 per cent to N5 million. NDIC Managing Director, Bello Hassan who disclosed this in a statement on Thursday, said, the increase of the maximum deposit insurance coverage from N500,000 to N5,000,000 would provide full coverage of […]
”We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships”, Robert Uggla, the Chairman of Danish shipping and logistics company, A.P Moller-Maersk told President Bola Ahmed Tinubu in Riyadh, Saudi Arabia on Sunday, April 28, 2024. The Chairman of the Danish giant made the […]
Operatives of National Drug Law Enforcement Agency (NDLEA), have intercepted three trailer loads of opioids comprising three million four hundred and fifty thousand, 3,450,000 pills and three hundred and forty-four thousand, 344,000, bottles of codeine syrup at Abule Ado in Amuwo Odofin Local Government Area of Lagos state. In a statement on Sunday, Spokesperson of […]
The Socio-Economic Rights and Accountability Project (SERAP), BudgIT and 136 concerned Nigerians have instituted a legal action against the Central Bank of Nigeria (CBN) over its refusal to withdraw the ‘unlawful circular’ directing all banks and other financial institutions to deduct from customers’ account a cybersecurity levy. DIPLOMATIC DIARY earlier reported that the apex bank […]
The FCT Minister and immediate past governor of Rivers State, Nyesom Wike, had apologised to the people of Rivers State for choosing Governor Siminalayi Fubara as his successor. Wike made the apology on Saturday at Ogu town in Ogu/Bolo Local Government Area of the state during a thanksgiving ceremony held in honour of Senator George […]
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 […]
More than three weeks after a similar incident involving a Dana aircraft, a medium range aircraft Embraer 145 belonging to a premium services provider Xejet Airlines has also skidded off the runway at Lagos Airport. Xejet Airlines is a business class only airline based in Nigeria based at the Murtala Muhammed International Airport, Lagos. The […]
A Kano State Shari’ah Court, sitting in Kura, has ordered a 25-year-old Haruna Abdulkarim to be given 10 strokes of cane as punishment for falsely claiming to be a Christian and ‘converting’ to Islam. Abdulkarim, a resident of Koguna Ward in Makoda local government area of the State, was apprehended by Hisbah personnel in Kura […]
The Rivers State High Court, sitting in Port Harcourt, has restrained Martin Amaewhule and 24 other Pro-Wike Lawmakers “from parading and holding out themselves as members of Rivers State House of Assembly and/ or meeting/sitting at the Auditorium of the House of Assembly Quarters located at off Aba Road, Port Harcourt or any other place whatsoever to purport […]
President Bola Tinubu on Friday conferred the second highest national honour, the Grand Commander of the Order of Niger (GCON), on the Awujale of Ijebuland, Oba Sikiru Kayode Adetona, as he marked his 90th birthday. The president made the conferment at the birthday ceremony for the royal father held at the Oba Sikiru Adetona School […]
Former Kogi State Governor, Alhaji Yahaya Bello has finally agreed to submit himself to the Federal High Court, sitting in Abuja for arraignment on June 13 in the corruption charges filed against him by the Economic and Financial Crimes Commission (EFCC). Bello’s lead counsel, Abdulwahab Mohammed gave the undertaking to Justice Emeka Nwite on Friday, […]
The member representing Babura/Garki Federal Constituency of Jigawa State in the House of Representatives, Hon. Isa Dogonyaro has died on Friday morning after a brief illness Spokesperson of the House of Representatives, Akin Rotimi, confirmed the sad development in a statement on Friday. “It is with deep sorrow that we announce the passing of Hon. Isa Dogonyaro (Kogunan […]
