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CBN has banned local deposits for the newly launched diaspora-focused bank accounts. NewsOnline Nigeria reports that the Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA), designed to cater specifically to Nigerians living abroad. This directive, outlined in a circular issued by the apex bank on January 10, 2025, highlights the CBN’s focus on channelling external inflows and diaspora investments into the nation’s economy.  Signed by Dr W. J. Kanya, the acting Director of the Trade and Exchange Department, the circular stated, “Deposits into non-resident accounts must originate…

Real Madrid winger, Rodrygo has warned Barcelona, inaisting that the LaLiga title holders are prepared to face the Catalan giants in their upcoming Supercopa de Espana showdown in the final. Barcelona and Real Madrid now have a date at the King Abdullah Sports City on Sunday. Barcelona beat Athletic Club 2-0 earlier this week to book a place in the final. Meanwhile, Real Madrid defeated Mallorca 3-0 to book their spot in the final. Los Blancos will be aiming to claim a third trophy of the season having already won the UEFA Super Cup and FIFA Intercontinental Cup. However, Barcelona…

CBN has introduced investment bank accounts for Nigerians in the diaspora. NewsOnline Nigeria reports that the Central Bank of Nigeria, CBN, on Friday announced it has introduced the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident Nigerian Investment Account (NRNIA) for Nigerians in the diaspora. CBN disclosed this in a circular to all authorized dealer banks and the general public noting that NRNOA will enable Non-Resident Nigerians (NRNs) to remit their foreign earnings to Nigeria and manage funds in both foreign and local currencies.  The apex bank also said that the NRNIA will enable NRNS to invest in assets in Nigeria in either foreign…

Ogun State Governor, Dapo Abiodun, has commiserated with the former Speaker of the House of Representatives, Dimeji Bankole, over the death of his mother, Monsurat Atinuke Bankole. The deceased, the Iya Adini of Egbaland reportedly died on Friday after a brief illness at the age of 79. Her death came a few days after the death of the former Iya Sunnah of Ogun State, notable businesswoman and socialite Adebisi Edionseri, popularly known as Cash Madam. Abiodun, in a statement signed by his Special Adviser on Media & Strategy, Kayode Akinmade, described the late matriarch of the Bankole family as an…

US Government has returned $52.88m linked to Ex-Petroleum Minister, Diezani. NewsOnline Nigeria reports that the Government of the United States of America, USA, has repatriated the sum of $52. 88 million it said was traced to former Petroleum Resources Minister Diezani Madueke. This Nigeria news platform understands that the US Ambassador to Nigeria, Mr. Richard M. Mills, Jr, led a delegation that executed the Assets Return Agreement at the Federal Ministry of Justice Headquarters in Abuja, on Friday.  Signing the agreement on behalf of the Federal Government, the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, disclosed that the…

The Federal Road Safety Corps, FRSC, has confirmed that no fewer than nine people died and 21 others injured in a road crash in Dankama, Kaita Local Government Area of the state. This was contained in a statement by the Sector Commander, Aliyu Ma’aji, through the Command’s Public Relations Officer, Shamsudeen Babajo, on Thursday in Katsina. Ma’aji said that the incident occurred when a trailer carrying cows and humans on top, separated from the main body and fell on a pavement. He added that the trailer driver was preventing crushing a woman that fell from the top of a Golf…

Trump and Mike Pence reunited at Jimmy Carter’s funeral. NewsOnline Nigeria reports that United States President-elect Donald Trump shook hands on Thursday with his former Vice President, Mike Pence, at the funeral of former President Jimmy Carter in Washington. This incident is the first public interaction between the two men since they departed office in 2021. This Nigeria news platform recalls that the relationship between Trump and Pence has been strained since the final days of their administration. Trump and some of his allies were alleged to have tried to convince Pence he had the jurisdiction to overturn the election of President Joe Biden.…

Governor Bala Mohammed has budgeted N400 million to procure six computers in Bauchi State. NewsOnline Nigeria reports that the Bauchi State Government has proposed N400 million in its 2025 budget to purchase six computers for the office of the Secretary to the State Government (SSG). This Nigeria news platform understands that the state government also budgeted N1 billion for the “purchase of land for the construction of offices and buildings.” It will also spend N170 million to buy a generator to power the SSG’s office.  A public affairs analyst, Ibrahim Musa, faulted the proposed allocations, describing them as misplaced priorities amid the biting…

Godwin Emefiele lost his bid to stop $4.5bn and N2.8bn case. NewsOnline Nigeria reports that the Lagos State Special Offences Court, on Wednesday, dismissed an application filed by former governor of the Central Bank of Nigeria, Godwin Emefiele, challenging the court’s jurisdiction to entertain the $4.5 billion and N2.8 billion fraud charges brought against him by the Economic and Financial Crimes Commission. This Nigeria news platform understands that Justice Rahman Oshodi, in his ruling, held that the court had the jurisdiction to try Emefiele and his co-defendant, Henry Omoile.  The judge, however, struck out four of the 26 counts filed by the EFCC…

Tottenham Hotspur defeated Liverpool 1-0 in the first leg of their Carabao Cup semi-final on Wednesday night. The Reds came into the fixture as heavy favourites to win, as they had already claimed a 6-3 win over Spurs in a Premier League clash in December. The hosts on the other side, were dealing with several injuries in defence and lost midfielder Rodrygo Bentancur early in this game. Bentacur’s injury and subsequent withdrawal resulted in a lull in the game as the first half ended goalless. The second half seemed to be heading in that direction until Dominic Solanke’s goal was…