The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses.In a circular from the apex bank on Thursday signed by the acting Director, the Banking Supervision Department, Adetona Adedeji, banks were warned against such a move.“Further to our letter dated September 1, 2023, referenced BSD/DIR/CON/LAB/16/020 on the above subject, the Central Bank...

In a compelling testimony, an elderly man who is a member of the Chosen life church has shared the miraculous story of how the Great God of the Chosen People rescued him from a potentially dangerous encounter with armed robbers this past Sunday.As Papa narrates the incident, it unfolded on his way to church at the early hour of 6 am. Crossing Orile road and heading towards the bridge, he suddenly became aware of two individuals approaching him from behind.The tensio...

The Governor of Niger State, Mohammed Umaru Bago, has charged the residents of Lapai Emirate to, at all times, share security intelligence with relevant authorities to curtail insecurity in the domain.Bago made the call during his Sallah homage to the Emir of Lapai, Alh. Umaru Bago Tafida, at his Palace.He noted that due to the security challenges that have affected the Emirate, there is a need for the people to play an integral part in sharing intelligence with the...