UncleSam's BLOG news

The Naira on Tuesday depreciated at the Investors and Exporters window, exchanging at N464.42 to the dollar, a 0.20 per cent decrease against N463.50 traded on Monday. The open indicative rate closed at N464.10 to the dollar on Tuesday. An exchange rate of N632 to the dollar was the highest …

Governor Seyi Makinde of Oyo State has announced the dissolution of the State Executive Council. Governor Makinde also terminated the appointments of political office holders urging them to handover government properties in their custody. The dissolution takes immediate effect. The dissolution however exempted all political officeholders in statutory commissions. The …

US President Joe Biden has announced a nine-member delegation to attend the inauguration ceremony of Bola Tinubu, president-elect, on May 29. According to a statement on the White House website, Marcia L. Fudge, US secretary of the department of housing and urban development, will lead the delegation. Other members of …

Former United Kingdom Prime Minister, Tony Blair, today, arrived in Nigeria. He later paid a visit to the President-elect, Bola Tinubu. The reason for his visitation is yet to be revealed. Blair served as UK Prime Minister between 1997 and 2007. Also announcing Blair’s visit, Tinubu on his Twitter page …

CBN revokes licenses of 132 microfinance banksThe operating licenses of 132 Microfinance Banks, three finance companies and four primary mortgage banks have been revoked by the Central Bank of Nigeria. The CBN said the Microfinance Banks, Finance Companies and Primary Mortgage Banks ceased to carry on, in Nigeria, the type …

Here are 12 differences between a husband and a boyfriend: Commitment: A husband is committed to a long-term, legally recognized partnership, while a boyfriend may have a less formal commitment. Legal and Financial Obligations: A husband has legal responsibilities and financial obligations to his spouse, such as joint property ownership, …

Federal government has approved all outstanding payments for independent monitors, and other beneficiaries of the National Social Investment Programme (NSIP). The minister of humanitarian affairs, disaster management and social development Hajia Sadiya Umaru Farouq disclosed this at the flag-off workshop for independent monitors of the NSIP. Farouq, however, welcomed all …

Ekiti court dissolves Pastor?s marriage over wife-batteringA Customary Court in Ado-Ekiti has dissolved a three-year-old marriage between a man, Pastor Oni Muyiwa and his wife, Alabi Adejoke, over wife-battering and threats to life. Vanguard reports that Muyiwa, a Pastor in one of the popular new-generation churches and a health worker, …

Singer Seun Kuti has been released on bail by the Lagos police command. Recall that the embattled Afrobeat star was taken into custody and subsequently arraigned in court for slapping a policeman at Third Mainland. His lawyer who revealed that his bail condition was perfected last Thursday, said he was …

Economic and Financial Crimes Commission on Monday arraigned Saadatu Ramalan-Yaro, a businesswoman, for the second time in Lagos State, two weeks after her first arraignment. The businesswoman was brought before Justice Obiora Egwuatu of the Federal High Court in Abuja on charges of money laundering amounting to over N140 billion. …