Gsr360 TV

30/01/2025

To curb fraud in the financial services sector, Nigeria’s Central Bank has directed the Nigeria Inter-Bank Settlement System (NIBSS) to debit the settlement accounts of commercial banks that receive fraud proceeds. The directive, effective January 2025, signals a shift towards greater accountability for banks, compelling them to tighten their fraud detection measures. According to multiple sources familiar with the matter, the new rule is part of the CBN’s efforts to hold banks and fintechs accountable for lapses in their transaction monitoring systems....

To curb fraud in the financial services sector, Nigeria’s Central Bank has directed the Nigeria Inter-Bank Settlement System (NIBSS) to debit the settlement accounts of commercial banks that receiv…

21/01/2025

A Federal High Court, sitting in Lagos has restrained the Federal Road Safety Corps (FRSC) from arresting vehicle with faded number plate. Justice Akintayo Aluko made the order on Friday by also restricting the FRSC from imposing any fine or punishment on any drivers for driving with a faded vehicle number plate is granted. The applicant, Chinwike Chamberlain Ezebube, in an Originating Summons dated January 12, 2024 and filed on February 13, 2024, by his lawyer, U.G.Nwokedi, had asked the court to determine the followings:...

A Federal High Court, sitting in Lagos has restrained the Federal Road Safety Corps (FRSC) from arresting vehicle with faded number plate. Justice Akintayo Aluko made the order on Friday by also re…

21/01/2025

The Nigerian Communications Commission (NCC) has approved a 50% tariff adjustment for telecom operators, citing rising operational costs and the need to sustain the industry. Announced in a press statement signed by the Director of Public Affairs, Reuben Muoka, on Monday, this decision underlines the Commission’s regulatory role under Section 108 of the Nigerian Communications Act, 2003. The approved adjustment, significantly lower than the over 100 per cent requested by some operators, follows careful consideration of market conditions and ongoing industry reforms aimed at fostering sustainability....

07/01/2025

AC Milan has become the first side among the elite European clubs to introduce an innovative maternity policy for its female players and staff, offering protections to their jobs during pregnancy:Players will receive an automatic one-year contract extension on the same terms if their deal expires during the season they become pregnant. The club will also provide childcare during sports activities and cover travel expenses, including flights and accommodations, for the player's child and one companion.

07/01/2025

The West African Examinations Council (WAEC) has announced the introduction of resit examinations for candidates who wish to retake their West African Senior School Certificate Examination (WASSCE) papers. This new initiative allows candidates to sit for the resit exams as early as January and February 2025, offering them an opportunity to improve their results without waiting for the next academic cycle....

02/01/2025

The 2024 annual report of the Chinese media has been published. The details of the report has shown how the industry fared and what the future would look like. The 64-page detailed report contained extensive research intelligence that guides the drive of the sector. From the revenue, human capacity, workforce, tech adaptability contents and focus, the sector in China, one of the countries with a very vibrant and vast media industry, the year in focus experienced growth and leaps....

30/12/2024

Jimmy Carter, a former president of the United States of America, USA, has died at 100 years. The 39th president of the US and a Nobel Peace Prize recipient passed away in Plains, Georgia on Sunday. His death was announced in a terse statement from the Carter Center. Carter had been in hospice care at his home in Plains since February....

Jimmy Carter, a former president of the United States of America, USA, has died at 100 years. The 39th president of the US and a Nobel Peace Prize recipient passed away in Plains, Georgia on Sunday…

20/12/2024

The Court of Appeal in Kaduna has ruled that the Nigeria Customs Service (NCS) cannot confiscate foreign rice from buyers in open markets or on highways, restricting its enforcement authority to land borders. The ruling followed an appeal filed by Customs against a Federal High Court judgment that acquitted Suleiman Mohammed, a businessman, of charges related to the importation of foreign goods....

19/12/2024

Seplat Energy Plc, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental Hotel in Lagos. The organisers lauded Seplat Energy’s corporate social investment programmes in the health, education and entrepreneurship spheres as well as the programmes’ strong impacts in Seplat Energy’s host communities and states....

Seplat Energy Plc, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as …

17/12/2024

The Economic and Financial Crimes Commission (EFCC) says it has carried out its largest single-day operation against cryptocurrency and romance scam networks, arresting 792 suspects in Lagos. Addressing a press conference on Monday, Wilson Uwujaren, EFCC spokesperson, said the arrests took place at a seven-storey building in Victoria Island, Lagos. Uwujaren said the suspects include 114 Chinese nationals, 40 Filipinos, two Khazartans, one Pakistani, and one Indonesian....

The Economic and Financial Crimes Commission (EFCC) says it has carried out its largest single-day operation against cryptocurrency and romance scam networks, arresting 792 suspects in Lagos. Addre…

15/12/2024

Seplat Energy said it has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil While describing the transaction as transformative, Seplat Energy, on Thursday in a press statement stated that it will more than double the production and position the company towards driving growth and profitability while contributing significantly to Nigeria's future prosperity. “MPNU adds substantial reserves and production to Seplat Energy; 409 MMboe 2P reserves and 670 MMboe 2P + 2C reserves and resources as at 30 June 2024 and 6M 2024 average daily production of 71.4 kboepd,” Seplat said....

Seplat Energy said it has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil While describing the transaction as transformative, Seplat Energy, on Thursday in a p…

11/12/2024

The High Court of the Federal Capital Territory, FCT, Abuja, has barred human rights activist and lawyer, Dele Farotimi, from further publishing, selling, circulating, advertising or distributing the hard or soft copies of his controversial book, ‘Nigeria and Its Criminal Justice System’. Justice Peter Kekemeke granted the order after listening to the ex-parte application filed by the claimant, the managing partner at Afe Babalola’s law firm, Kehinde Ogunwumiju, a Senior Advocate of Nigeria, SAN....

11/12/2024

The Kano State Police Command on Tuesday, arrested three persons for being in possession of counterfeit currencies amounting to N129bn. The command’s spokesman, SP Abdullahi Kiyawa, who confirmed the arrest to newsmen in Kano on Tuesday, gave a breakdown of the money to include, US Dollars, CFA and Naira, among currencies also stolen from another dealer of foreign currencies. “Counterfeit currencies equivalent to a total sum of N129bn were recovered”, Kiyawa said....

08/12/2024

The regime of President Bashar al-Assad of Syria has been toppled by Islamic rebels in the country. The revels seized control of Damascus on Sunday, ending Assad’s family’s iron-fisted rule that has lasted for over 13 years of civil war in a seismic moment for the Middle East. Press TV reported that the Syrian rebels stormed Iran’s embassy after capturing Damascus on Sunday....

The regime of President Bashar al-Assad of Syria has been toppled by Islamic rebels in the country. The revels seized control of Damascus on Sunday, ending Assad’s family’s iron-fisted rule that ha…

29/11/2024

Nigeria and China have pledged to further strengthen their economic relations with the hosting of the 18th China Africa Economic and Trade Exhibition (CAETE) that featured mainly Chinese engineering technology in Abuja, on Thursday. The event attracted up to 100 exhibitors from China and some from Nigeria, government officials from both countries pledged to create stronger economic bonds and take their benefits higher....

29/11/2024

In keeping with their tradition, Zenith Bank has literally began painting Lagos city red in preparation for the festive season when it launched its annual Christmas decorations of the Ajose Adeogun Street and Roundabout in Victoria Island. The Light-Up ceremony is a Corporate Social Responsibility initiative of Zenith Bank. Now in its18th year, the Christmas decoration, which transforms the entire stretch of Ajose Adeogun Street, home to Zenith Bank’s Corporate Headquarters and Roundabout, into a breathtaking yuletide wonderland, has come to be recognised as an iconic tourist attraction, bringing visitors from far and wide who visit with their families and friends to take pictures and enjoy the ambience of the street....

In keeping with their tradition, Zenith Bank has literally began painting Lagos city red in preparation for the festive season when it launched its annual Christmas decorations of the Ajose Adeogun…

29/11/2024

Seplat Energy Plc, says it is actively pursuing a range of initiatives to decarbonise its operations and support a sustainable energy transition as part of its climate commitments and operational excellence strides. The company’s key measures in these regard include: ending routine gas flaring; investments in gas infrastructure; exploring renewable energy opportunities to further offset emissions; driving facility solarization; monitoring and reducing emissions; progressing its afforestation programme (called Tree4Life initiative) to further offset emissions; advancing on its carbon credit initiative; and its Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) commitments....