Author: Newsjaunts

Ogun State Governor, Prince Dapo Abiodun has ordered the security agencies in the state to investigate the recent clash between herdsmen and farmers in the Yewa area of the state that led to the loss of a life and destruction of properties. In a Press Statement issued by his Chief Press Secretary, Kunle Somorin, on Saturday in Abeokuta, Governor Dapo Abiodun has also set up a Special Task Force that will maintain presence in all areas of the state prone to herders/farmers conflict to maintain peace and quickly respond to any form of violence or crimes. “The government is immediately…

Former Vice President Atiku Abubakar has advised the Federal Government to have a rethink on its directive on cryptocurrency transactions in the country.This advice, which was contained in a statement on Saturday, was in reaction to the directive of the Central Bank of Nigeria (CBN) to banks and other financial institutions to close accounts of any individual who transact in cryptocurrency.The CBN had told the regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges was prohibited.But Atiku stated that it was wrong to issue such a directive at this time, saying the number one challenge facing Nigeria…

By Tolu Oyekan As of this writing, the spread of COVID-19 in many African countries has been more contained, and the death toll lower, than some had expected in 2020. The economic fallout of the pandemic for Africans, however, will be different and could be more dire than for the rest of the world. Sub-Saharan Africa accounts for more than half of the world’s populations living at or below the poverty line. A recent World Bank scenario estimates that COVID-19 could push up to 40 million people in Sub-Saharan Africa into extreme poverty, seriously eroding the progress that African countries…

The Federal Government has concluded plans to kick start the last two schemes of the MSMEs Survival Fund component of the National Economic Sustainability Plan (NESP). The schemes are namely, the Guaranteed Offtake Scheme (GOS) and the General MSMEs Grant. In a media briefing on Thursday, the Minister of State Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum said the two new schemes is to complement other programmes all geared to rejuvenate the nation’s economy. According to the Minister, the two new schemes will launch at 11:59pm on Tuesday, 9th February, 2021 to Thursday, 18th February, 2021 for applications from…

The immediate past Chairman of the Peoples Democratic Party (PDP) in the Southwest, Chief Eddy Olafeso, on Friday, met with Members of the State Executive Committee and Local Government Chairmen of the party in Ondo State to seek their supports ahead of the Southwest Zonal Congress. Olafeso who is seeking a second term for the office of the National Vice Chairman of the party in Southwest decided to return home to seek the support of his people after receiving the backing of prominent leaders of the PDP in five states of the Southwest which includes Oyo, Ekiti, Osun, Ogun and…

Stakeholders have expressed divergent views on the recent approval of the additional 20 private universities in the country by the Federal Government. They expressed their views on the development in separate interviews with the Newsmen Abuja on Friday. It would be recalled that the Federal Executive Council (FEC) had on Wednesday given the approval of the establishment of the universities, bringing the number of private universities to 99. Prof. Gregory Ibe, the Chairman, Proprietors of Private Universities in Nigeria, described the establishment of the new institutions as a giant stride and commended President Muhammadu Buhari and the executive council for the…

It is bad news for investors of cryptocurrency in Nigeria the Central Bank says with immediate effect, account for persons and entities dealing in cryptocurrency are to be closed. This directive was handed down in a circular by the apex bank and signed by the directors of banking supervision as well as the payment systems management department to all Deposit Money Banks, DMBS, non banking financial institutions, and other financial institution. In the circular, institutions were warned that failure or breaches of the directives to identify and close cryptocurrency exchange accounts will attract severe regulatory sanctions. This is not the…

By Adeyemi Obadimu In line to eradicate poverty in Ogun State, Igbalaye Ayodele Foundation ( IAF) has empowered Nothing less than 100 People in Abeokuta South Local Government, Ogun State Capital today as part of his contribution to boost the Small and Medium Enterprises (SMEs) in the State. IAF was founded by the Former Labour Party Candidate in the last election who is also the Registrar of ESTG University. Hon Igbalaye Ayodele Wasiu Popularly Known as (IWA) In a press release made available to journalists by his media adviser, Adeyemi Obadimu said SMEs play a mojor role in most economies,…

One of Nigeria’s most innovative and digitally led financial institutions, Wema Bank has set out to make this season of love as eventful as possible for customers with its ‘14 Days of Love with 945’ promo. The two-week-long promo will see the bank giveaway goody bags, airtime and even data bonuses to bring the spirit of love, good cheer and fun to all this season. The social media campaign (hyperlink: http://bit.ly/WemaALATsocial), slated for February 5 – 18, 2021, aims to encourage new and existing customers to transact and pay bills with the *945# codes for a chance to win prizes.…

Senator representing Osun Central Senatorial District, Dr Ajibola Basiru says the transition of the Akirun of Ikirun land, Oba AbduRauf Olayiwola Adedeji is the end of a glorious monarchical era. In a condolence message to the Adedeji Royal family and the people of Ikirun, Spokesperson of the Senate, Senator Basiru described the news of the passage of the famed monarch as schoking, particularly at this time when progressive politics is again finding its feet on the nation’s political turf. “Baba was a traditional ruler whose loyalty for any cause he believed in was never in doubt. His stand for truth…