CBN Lifts FX Operations Restrictions All Commercial Banks Sanctioned Last Week for Non-Remittance of NNPC Funds.

The Central Bank of Nigeria has lifted the restriction on Foreign Exchange transactions it placed on 9 commercial banks last week for failing to remit $2.12 billion belonging to the nation’s oil corporation, the Nigerian National Petroleum Corporation (NNPC), into the Treasury Single Account TSA. The nine banks comprised of three tier-one lenders and six tier-two deposit money banks.

Passengers Stranded as Aero Contractors Airlines Suspends Scheduled Services

Nigeria’s second largest commercial carrier, Aero Contractors Airlines, has suspended its scheduled services beginning from Thursday September 1, 2016. In a statement released by the carrier’s management today, it was stated that the airline had faced grave challenges in the past six months which impacted its business and scheduled services operations.

The suspension of their scheduled services was part of a strategic business realignment to reposition the airline and return it to profitability. Part of the statement read:

Rihanna and Drake all Over Each other at Miami Club (Photos)

Drake and Rihanna have been seeing each since they shot Work video earlier this year...and sources close to them say this is the longest they've dated. Rihanna seems finally ready to be Drake's girl. The two were spotted getting cosy a Miami club yesterday. 

CAMEROON NEWS: Cameroon Gets New Urban Transport Buses

The Minister of Transport, Edgard Alain Mebe Ngo’o and the Potugese bus construction company, Trans Africa Imaos Mota have signed a partnership instituting new mass urban transport buses in the country.

CAMEROON NEWS: Njie Clinton to Officially Accepts to Join Olympique of Marseille on Loan

Njie Clinton to officially sign his contracts with Olympique of Marseille this morning  before taking his flight to Cameroon where he will join his teammates in Camp. Hugo Broos made Clinton his talking point at press conference on Tuesday.

According to French outlet L’Equipe, Clinton N’Jie agreed to join Olympic Marseille on a season long loan with an option to buy at the end of the season.

Rita Dominic Meets with Mark Zuckerberg in Lagos

For a special meeting today with Facebook founder Mark Zuckerberg in Lagos, Rita Dominic was dressed in a Moofa Designs sequinned Ankara top.

The Nollywood icon amongst other things discussed how Facebook and Instagram plan to push the industry forward. They also discussed new innovations that are not out of the bag yet!

CAMEROON NEWS : Over 300 Schools Closed Down by Goverment Leaving Students Stranded

 Thousands of Cameroon students and their teachers are returning from holiday to find their schools have been sealed. The government says more than 300 schools have been closed because they are operating without authorization.