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The Central Bank of Nigeria (CBN) has announced a major shift in the regulatory framework for Bureau De Change (BDC) operators. As of Wednesday, May 22nd, 2024, all existing BDCs are required to reapply for new licenses under a revamped categorization system. This directive, coupled with a significant increase in minimum capital requirements, is set to reshape the landscape of the popular “money changer” industry. CBN Introduces Tiered Licensing System The CBN’s new guidelines, as outlined in a circular signed by Haruna Mustafa, Director of Financial Policy and Regulation Department, introduce a two-tiered licensing structure for BDCs. This shift from…

Renowned Nigerian actor Yul Edochie has taken to social media to express his forgiveness towards the late actor Junior Pope, who passed away recently. In a heartfelt Instagram post, Edochie acknowledged the pain caused by past conflicts between the two but ultimately chose the path of forgiveness, urging his colleagues in the Nollywood film industry to embrace unity and understanding. Yul Edochie Alludes to Past Betrayal The relationship between Yul Edochie and Junior Pope had been strained prior to the latter’s untimely death. In the wake of the tragic news, Edochie had made several posts alluding to instances of betrayal…

Nigerian relationship coach Blessing CEO has issued a public apology to the family of the late Bimbo Martins, wife of popular comedian Ayo Makun (AY), after her comments about Martins’ passing triggered widespread backlash on social media. Along with the apology, Blessing CEO announced she would be taking a break from all social media platforms to reflect on her actions. Controversial Remarks Spark Online Outrage The controversy began earlier this week when Blessing CEO, known for her provocative takes on relationships and marriage, posted a video on her Instagram page discussing the recent death of Bimbo Martins. Martins, a beloved…

A video of popular Nigerian pastor Jerry Eze relaxing on a private jet with wealthy socialite Obi Cubana has ignited a heated debate on social media about the lavish lifestyles of some religious leaders in the country. The footage, which quickly went viral after being posted on Obi Cubana’s Instagram story, shows Pastor Eze lounging comfortably inside the opulent aircraft as music plays in the background. While the reason for the trip and their destination is unclear, the video has triggered a wave of criticism from many Nigerians who see it as emblematic of misplaced priorities by some prosperity-preaching pastors.…

The revolving door of managers at Chelsea continues to spin as the Blues set their sights on a relatively unknown name to lead the team. After a single, tumultuous season under Mauricio Pochettino, reports suggest that Enzo Maresca, the former assistant coach to Pep Guardiola at Manchester City, has emerged as the frontrunner to take over the reins at Stamford Bridge. The Allure of Guardiola’s Shadow Maresca’s association with Guardiola, arguably the most successful manager of the modern era, undoubtedly adds weight to his candidacy. Having spent four years absorbing tactical knowledge and a possession-based, attacking philosophy from the Spaniard,…

The arrest of the police officer involved in the brutal assault of a tricycle operator in Anambra state is a crucial first step, but the path to true justice requires navigating the complexities of the Nigerian legal system. Here’s a breakdown of the potential legal consequences the officer might face: Internal Disciplinary Proceedings The Nigeria Police Force (NPF) has established disciplinary procedures for officers who violate regulations. These procedures can range from a reprimand to dismissal from service. The seriousness of beating a civilian with a service rifle is likely to be considered a major offense, potentially leading to dismissal.…

Nigeria’s ever-vibrant music scene has witnessed yet another bizarre twist, this time involving the controversial singer Portable, known for his hit song “Zazuu Zeh.” Just days after a run-in with the law over an alleged car payment dispute, Portable took to social media to declare himself a “Police Ambassador,” sparking a wave of confusion and criticism. From Arrest to Announcement On May 14th, 2024, Portable, whose real name is Habeeb Okikiola, found himself in hot water when he was arrested by the Lagos police for allegedly refusing to pay the remaining balance on a Mercedes Benz he had purchased. This…

Paris, France – May 21, 2024: In the wake of Kylian Mbappe’s high-profile departure from Paris Saint-Germain, another member of the Mbappe family is making headlines. Ethan Mbappe, the 17-year-old younger brother of the superstar forward, has reportedly reached an agreement to join Ligue 1 rivals LOSC Lille, signaling the end of his time at the club where he began his youth career. A Different Journey: Ethan’s Path to the Top Ethan Mbappe’s footballing journey began in 2017 when he joined the PSG academy, the same year his brother Kylian arrived on loan from Monaco. While Kylian’s rise to global…

Ebuka Obi-Uchendu inadvertently sparked a social media sensation with a playful comment to his wife, Cynthia. The couple’s lighthearted exchange about the rising cost of cheese quickly evolved into a broader conversation about the economic challenges faced by Nigerians and the creative use of local alternatives. The “Use Ofeakwu” Incident The viral moment occurred when Cynthia expressed her surprise at the current price of cheese, exclaiming, “This cheese is like N5,000 [around $12 USD] now?” Ebuka’s response, a simple “Use Ofeakwu,” referring to the African breadfruit often used as an affordable substitute for cheese in Nigerian dishes, quickly became a…

The Nigerian film industry, popularly known as Nollywood, is no stranger to celebrity feuds and controversies. However, the recent clash between actors Angela Okorie and Yul Edochie has taken center stage, igniting a firestorm of debates about online conduct, respect for the deceased, and the complexities of relationships within the industry. The Spark That Lit the Fire The feud traces its origins to the tragic passing of actor Junior Pope in April 2024. While many in the Nollywood community expressed their grief and condolences, Yul Edochie’s silence regarding his late colleague raised eyebrows. Days after the burial, Edochie finally addressed…