The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash deposits above N500,000. This development is expected to facilitate financial transactions for individuals and businesses, particularly those operating in the informal sector who rely heavily on cash. It is also likely to boost economic activity by increasing the flow of cash within the economy. The apex bank made this known on Monday in a circular to all banks, other financial institutions and non-bank financial institutions signed by the CBN’s acting director of banking supervision, Adetona Adedeji It said that the suspension would remain in effect…
Author: Hints News
The International Press Centre (IPC-Nigeria) and the United Nations Development Programme (UNDP) have launched the iVerify project to strengthen the fight against rising information disorder caused by fake news, disinformation, misinformation, and hate speech in the electoral and democratic processes in the country. The iVerify initiative was also supported by the Spanish Government. Speaking during the public launch of the iVerify project and the unveiling of the iVerify fact-checking platform in Abuja, Executive Director, IPC, Mr. Lanre Arogundade, said the project aimed to strengthen efforts against information disorder, particularly in the context of electoral and democratic processes. He said, “The…
The Peoples Democratic Party (PDP) has called on the Independent National Electoral Commission (INEC) to immediately commence the process of conducting fresh elections into the 27 State constituencies in Rivers State. The National Publicity Secretary of the party, Debo Ologunagba, in a statement issued Monday said that the 27 constituencies became vacant by reason of the defection of the 27 former State lawmakers in the Rivers State House of Assembly to the All Progressives Congress (APC). He mained that the seats of the respective 27 former lawmakers have become vacant by virtue of the provision of Section 109(1) (g) of…
The eight kidnapped students of the Federal University of Lafia, Nasarawa State have regained their freedom. TheHintsNews reports that the eight students were kidnapped by gunmen who stormed the Gandu community on the night of December 6, 2023. A community leader in the Keana Local Government Area, the state Mr. Spencer Jerry, confirmed the release of the students on Monday. He noted that the students arrived in Kwarra village at about 8pm on Sunday. The District Head of Gandu community, located opposite the university, Abdullahi Mohammed, also confirmed the release for the students. He added that the students had been…
Gunmen on Sunday night abducted the traditional ruler of Akpabuyo Local Government Area of Cross River, Etiyin Maurice Edet at his residence. The spokesperson of the state Police Command, SP Irene Ugbo, confirmed the incident but said details were unknown to her as of press time. It was, however, gathered that an aide to the traditional ruler was shot dead in the process of the kidnapping. Meanwhile, Prof Patrick Egaga of the University of Calabar (Unical) has been released by his abductors after 26 days in captivity. Egaga who is UNICAL’s Director of Servicom was kidnapped in the institution’s staff…
The Northern lawmakers in the House of Representatives have donated the sum of N45 million to the victims of military bombing in Tudun Biri community of Igabi LGA of Kaduna State. TheHintsNews reports that the military’s last Sunday’s accidental airstrike on villagers celebrating Maulud killed 126 people and injuring several others. The Chairman of the Caucus, Hon. Alhassan Doguwa, in a statement issued Monday, condemned in the strongest terms, the recent incident that occurred at Tudun Biri community of Igabi LGA of Kaduna State. To this end, the caucus has assured of providing the legal framework for the compensation, and…
Air strike undertaken by the Air Component of Operation Whirl Punch on Wednesday, 6 December 2023, in Shiroro Local Government Area (LGA) of Niger State has neutralised scores of the terrorists including the dreaded terrorist and kidnap kingpin, Yellow Jambros. Director of Public Relations and Information, Air Commodore, Edward Gabkwet, in a statement issued Sunday said the terrorists met their end while attempting to cross Jikudna River in Galadima Kogo District, heading towards Wurukuvhi axis of Chikun LGA. He explained that prior to the strike, Jambros and his cohorts were trailed from Zamfara State into Niger State riding 13 motorcycles…
The House of Representatives has absolved the National Agency for the Great Green Wall (NAGGW) of alleged mismanagement of N81.2 billion Ecological Fund. The agency was cleared in a report of the 15-man Ad Hoc Committee set up by the Green Chamber to investigate alleged financial sleaze by the agency. TheHintsNews reports that the Ad hoc committee chaired by Hon. Ismaila Dabo, was set up in July, following a motion moved at the plenary by Hon. Ali Shettima on “the Need to Investigate the Utilization of Ecological Funds Released to the Great Green Wall by the International Organisations from 2015…
Operatives of the National Drug Law Enforcement Agency (NDLEA), acting on intelligence, disrupted a pre-wedding ceremony drug abuse competition in a community popularly known as Shola Quarters, Katsina and arrested 25 youths participating in the drug party. Its Director, Media and Advocacy, Femi Babafemi, in a statement issued Sunday said operatives swooped on the suspects while they were busy taking turns abusing all sorts of illicit substances including a mixture of multiple drugs mixed in a plastic bucket. He added that though the groom, Musa Gwandi who organised the drug party along with his friends was not at the venue…
The Peoples Redemption Party (PRP) has said that the 2024 budget recently submitted to the National Assembly by President Bola Tinubu was aimed at glorifying mediocrity and continuous impoverishment of the people. It said while the statistics and assumption upon which the 2024 budget was based looks good on the surface, a thorough look at the assumptions underlying the budget showed clearly that this administration wasn’t ready for nation building. The National Chairman of the party, Falalu Bello, in a statement issued Sunday titled, ‘The Appropriation Bill: Seeing Beyond Semantics’, urged Nigerians not to place any hope on the 2024…