The Central Bank of Nigeria (CBN) has taken a firm stance against the illegal flow of freshly minted naira notes to currency hawkers and other unscrupulous agents by imposing a penalty of N150 million per branch on erring Deposit Money Banks (DMBs).This comes as part of measures to curb the commodification of Naira notes, which the CBN says undermines efficient cash distribution to Nigerians.In a circular issued on December 13, 2024, and signed by the Acting Directo...

Few days after the presidential and national assembly elections was held in Nigeria, the managing director of Galaxy Backbone (GBB) Muhammad Abubakar says the federal government blocked over 200 cyberattacks during the elections.Galaxy Backbone is an information and communications technology services provider, owned by the federal government.Abubakar spoke on Tuesday at the opening session of a two-day ministerial training for GBB’s board members and management staf...

In Bauchi State, the Police have arrested a 20-year-old man named Abubakar Isah for criminal conspiracy, armed robbery, kidnapping, and illegal possession of prohibited firearms and ammunition.The Commissioner of Police in the state, CP Mamman Sanda made the disclosure while briefing newsmen at the Command headquarters on Tuesday, October 18, 2022.The CP said N8.4million cash, weapons, motorcycles and other exhibits were recovered from the suspect.It is important to...