Business

FEC approves reopening of four land borders

Published

2 years ago

December 16, 2020

The Federal Executive Council has approved the reopening of four land borders with immediate effect.

Minister of Finance Budget and National Planning Mrs Zainab Ahmed, disclosed this after the week’s virtual FEC meeting presided by Vice President Yemi Osinbajo, adding that other land borders would be reopened by the end of the month.

She, however, said restriction on the importation of some commodities including rice would continue to be enforced.

The borders reopened are the Seme border in the South-West, Ilela Border in the North-West, Mfun in the South-South and Maigatari in the North-West.

President Buhari had on December 8, 2020 revealed plans to reopen the nation’s land borders.

He had explained that the closure of the borders was part of the efforts by the government to control the smuggling of weapons and drugs into the country.

“Now that the message has sunk in with our neighbours, we are looking into reopening the borders as soon as possible,” he was quoted as saying in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu.

The President asked the 36 state governors to work more with traditional rulers and community members to improve local intelligence gathering that would aid the work of security agencies.

Business

Breaking: Emefiele not in our custody – DSS

Published

21 mins ago

June 10, 2023

Trends Admin

Breaking: Emefiele not in our custody – DSS

The Department of State Services has said the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, is not in its custody.

It disclosed this on Saturday via the agency’s Twitter handle.

“Currently, Emefiele is not with the DSS,” it stated.

President Bola Tinubu on Friday night ordered the suspension of Emefiele over an investigation.

He was directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the CBN governor pending the conclusion of the investigation and the reforms.

Emefiele was later said to have been picked up by operatives of the DSS.

Business

SEC warns crypto traders against Binance Nigeria operations

Published

1 hour ago

June 10, 2023

Trends Admin

Securities and Exchange Commission (SEC) has alerted that the operation of Binance Nigeria Limited, a subsidiary of Binance, is illegal.

It said in a statement obtained on its website that the cryptocurrency platform was not registered to operate in Nigeria.

SEC however did not say what would happen to those patronising the platform.

SEC said the cryptocurrency platform had been actively promoting its web and mobile-enabled platforms to Nigerians.

According to the commission, the company is neither subject to its regulations nor was it registered.

“The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms,” SEC said.

Railway

Train crushes soldier on motorbike at Lagos railway crossing

Published

1 day ago

June 9, 2023

Trends Admin

Train crushes soldier on motorbike at Lagos railway crossing

A passenger train has crushed to death a Nigerian Army sergeant at the railway crossing in the PWD area of Ikeja, Lagos.

The train coming from Ibadan was heading for Iddo in Lagos when it ran into the soldier said to have attempted to smartly cross the rail line on his bike.

The latest incident which occurred on Wednesday came barely three months after a train on the same spot ran into a Lagos State government staff bus conveying workers.

Six persons were killed and about 80 passengers injured in that incident of March 9, 2023.

It was learnt that the Wednesday’s incident occurred around 6.30pm.

The deceased soldier, identified as Sergeant Jidean Samson, was until his death attached to the 9 Brigade, Ikeja in Lagos.

A report by Daily Trust quoted a military source as saying the incident occurred at the PWD railway crossing and that the 9th Brigade of the Nigerian Army had been informed about the demise of the sergeant.

The body was said to have moved to the Military Hospital mortuary in Yaba, Lagos.