Nigerian banks lost N2.19 billion to fraudsters ‎through electronic platforms in 2016

Nigerian Deposit Money Banks, DMBs, lost N2.19 billion to fraudsters through electronic channels in 2016 fiscal period, an official has said. The Deputy Governor, Operations, Central Bank of Nigeria, CBN, Adebayo Adelabu, said this while unveiling a report on electronic frauds by the CBN on Tuesday. Speaking at the first stakeholders’ workshop on cybercrime organised…

CBN lifts Naira with $482.6 million

The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million in the first trading day after the Democracy Day celebrations. A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja said this was part of measures to underline its determination to guard the…

My relationship with Buhari cordial – Saraki

The President of the Senate, Bukola Saraki, said on Tuesday that his relationship with President Muhammadu Buhari remained cordial, despite false claims in some social media. He made this known when the National Executive of the Islamic group, Jamaatu Izalatul Bidiah Wa Ikamatus Sunnali, JIBWS, led by its President, Mohammed Jingiri, visited him at the…

Tobacco kills seven million people, gulps $1.4 trillion annually – WHO

Tobacco use kills more than seven million people annually and costs over $1.4 trillion in healthcare expenditure and lost productivity, the World Health Organisation, WHO, says. The Director-General of WHO, Margaret Chan, gave the assessment ahead of World No Tobacco Day, marked annually on May 31, and which targets the threats tobacco poses to global…

Hundreds of Nigerian youth gather to discuss role, future of country

Hundreds of youths gathered on Monday at the Yar’Adua Centre, Abuja to discuss their roles in nation building and patriotism. The national coordinator of #fixing Nigeria project, organisers of the summit, Ernest Nwosu, said the summit was necessitated by the need for active citizenship and to inform the youth of their immense powers to determine…