Two people have been killed in a drug raid by operatives of the National Drug Law Enforcement Agency (NDLEA) in the Idioro area of Mushin, Lagos State, on Wednesday night.According to reports, the victims, identified as Gafar Yusuf and one other person whose identity is yet to be confirmed, were
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Google on Wednesday announced that Nigerians can now make payments on its Play Store using the local currency, the naira.This followed its partnership with Verve, the largest domestic card scheme in Africa, to make digital transactions on Google Play Store easier and more accessible for Nigerians.As of today, Google said
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The Nigeria Employers’ Consultative Association (NECA) warned that planned action by organised labour is not in the interest of the nation, especially now that the economy and businesses are struggling.This was disclosed by NECA’s Director-General, Mr Adewale-Smatt Oyerinde, in an interview in Lagos.They also called for urgent government intervention, to
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Armed bandits have invaded the Abuja residence of the former Peoples Democratic Party (PDP) Board of Trustees (BoT) Chairman, Senator Walid Jibrin.The bandits, who invaded and ransacked the residence, asked the occupants to produce the sum of N5 billion, arms and ammunition allegedly hidden in the house.According to The Guardian,
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The Central Bank of Nigeria (CBN) has ordered banks to unfreeze the accounts of foreign exchange investment, cryptocurrency and Bureau De Change companies.In a circular seen on Wednesday, but dated July 25, 2023, the CBN directed banks to lift the post-no-debit restriction placed on accounts of a popular crypto exchange,
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The Central Bank of Nigeria (CBN) has said the N200, N500 and N1,000 old naira notes are slowly being phased out with the redesigned ones.Acting CBN Governor, Folashodun Shonubi, made this known on Tuesday after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja.The CBN also increased the Monetary
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The Nigeria Labour Congress (NLC) has given the Federal Government a seven-day ultimatum to reverse all perceived anti-poor policies or face an indefinite nationwide strike from August 2.The decision, according to the Union, followed a meeting of its Central Working Committee (CWC) held on Tuesday, July 25, at Abuja Labour
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The Nigerian Association of Resident Doctors (NARD) on Tuesday night announced that there will be an indefinite nationwide strike.The strike was declared during the National Executive Council (NEC) meeting of the association in Lagos.President of the association, Dr Orji Emeka Innocent, said the strike will commence at 12 midnight on
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Zenith Bank, one of Nigeria’s largest financial institutions, has implemented a company-wide salary increment for all its staff. The decision comes in response to the prevailing economic challenges brought about by the removal of fuel subsidies.Reliable sources within the bank informed Nairametrics that the salary increase is all-encompassing, covering both contract
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Cadbury Nigeria Plc recorded a loss before tax of N17.9 billion in the second quarter of 2023. This compares to the N800 million profit reported at the same time in 2022. According to Nairametrics, the reason for the loss was a whopping N20.9 billion write-down the company took due to the
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