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CBN says banks will pay N10,000 fine for any failed instant payment transaction not reversed into the customer’s account within 24 hours

The Central Bank of Nigeria (CBN) has issued a new directive that banks will pay a fine of N10,000 for every money transfer that exceeds four minutes.   The apex bank made this known in a circular, ‘Circular on the regulation on instant inter-bank electronic funds transfer services in Nigeria’ issued to

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Facebook has had the worst day in stock market history as shares plunged 19 percent, wiping $119 billion off the company’s value.

Facebook has had the worst day in stock market history as shares plunged 19 percent, wiping $119 billion off the company's value. Thursday was the social media giant's worst day in six years as a public company, as well as the biggest one-day wipeout in US stock market history. CEO Mark Zuckerberg

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Obasanjo debunks reports saying he’s Supporting Buhari for a 2nd Term

Former President Olusegun Obasanjo has in a new statement debunked reports saying he’s supporting President Muhammadu Buhari for a second term, The Cable reports. Obasanjo had previously released an open letter addressed to Buhari asking him to give up his 2019 ambitions. In the new statement, signed by his media aide Kehinde Adeyemi, the former president has said a group is spreading

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Suspended Senator Ovie Omo-Agege & “Thugs” storm Senate, Steal Mace

Unknown “thugs” on Wednesday stormed the Nigerian Senate, making away with the mace of office, The Cable reports. The senate was in session when the thugs stormed in, reportedly accompanying suspended senator Ovie Omo-Agege. The sergeants-at-arms were pictured struggling with the thugs to recover the mace. Ike Ekweremadu, the Deputy Senate Leader, asked that the senators

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