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Apple loses $115 billion in market value as regulators close in
Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance. In the US, the Justice Department and 16 attorneys general are…
‘We are heart-broken,’ wives of Binance employees detained in Nigeria cry out
The wives of two Binance employees detained by the Nigerian government have cried out that they are heart-broken for the continued detention of their husbands. Two Binance employees, Tigran Gambaryan and Nadeem…
Lagos touts jailed one month for imposing levy on pedestrians using bridge
A magistrate court in Oshodi, Lagos State, has sentenced the miscreants who imposed a N100 levy on traders and other pedestrians using the Yaba bridge to one month in prison. The Commissioner for Environment and Water…
Rewane Says Naira Appreciation Is Sustainable
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited Bismark Rewane believes better days are ahead for the country’s currency, the naira. On Wednesday, the naira closed trading at…
We don’t support patronising I&E window for FX – Foreign airlines tell CBN
Foreign airlines in Nigeria say they do not support patronising the investors and exporters (I&E) window for foreign exchange (FX) transactions. The airlines, under the aegis of the Association of Foreign Airlines…
Canada to reduce number of temporary foreign workers
Canada, for the first time, is planning to reduce the number of temporary foreign workers it welcomes, officials announced Thursday, after years of lofty immigration levels. Ottawa is proposing to reduce the number of…
Delta killings: Don’t hide any suspect, Oborevwori warns traditional rulers
… Says “We need to fish out those involved” GOVERNOR Sheriff Oborevwori of Delta State, Thursday, warned kingdoms and traditional rulers in the state against hiding or shielding anyone involved in the killing of…
NLC under Ajaero destroying successes LP recorded in 2023 general election – Abure
…says attack on party HQ an act of rascality, lawlessness …vows not to allow NLC hijack the party The National Chairman of the Labour Party, Comrade Julious Abure, has accused the President of the Nigeria Labour…
FX backlog: Show evidence of payment – Foreign airlines tell FG
Following reports that the Central Bank of Nigeria, CBN, has cleared all valid foreign exchange backlogs, foreign airlines, yesterday, questioned the claim. President of Association of Foreign Airlines and…
2024: NPA seeks Reps’ approval for N630bn budget proposal
Managing Director and CEO of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, presented a N630 billion budget proposal for the 2024 fiscal year on Thursday…
JUST IN: Otti signs law scrapping pensions of Abia ex-govs, deputies
Governor Alex Otti of Abia State, Thursday night, signed into law, a bill scrapping the payment of pensions to former Governors and their Deputies. The Governor’s assent to the bill known as the “Abia State Governors and…
Bill To Increase UBEC Funding From 2% To 4% Passes Second Reading
The Bill to increase the Universal Basic Education Commission (UBEC) Act t funding from the consolidated revenue from 2% to 4% has passed the second reading in the House Representatives. Chairman House Committee on…
This Is A Delicate Period To Govern Nigeria – Shettima
In view of the prevailing situation in the country, Vice-President Kashim Shettima has said this is a delicate period to be in public office in Nigeria. This is just as he called on governors to put together policies…
Land Dispute: Soldier Breaks Into Kwara Police Station, Stabs DPO
A soldier serving at sector 3 Garrison, Monguno, Borno State, Suleiman Sidiq, has allegedly stabbed Marufu Keji, the Divisional Police Officer (DPO) of a station in Ilesha Baruba, Baruteen Local Government Area of Kwara State,…
‘I don’t care’ – El-Rufai damns consequences of meeting with SDP officials
Former Governor Nasir El-Rufai of Kaduna State has damned the consequences of meeting with officials of the Social Democratic Party (SDP). Daily Trust had reported how the All Progressives Congress (APC) chieftain…
Insecurity: 16 Govs Endorse State Police – NEC
Worried by the security challenges facing the country, 16 state governors have endorsed the establishment of state police. The National Economic Council (NEC) disclosed this on Thursday in a report submitted to the…
Pinnick, Davido go for out-of-court settlement over failed concert contract
The Effurun Division of the Delta High Court has granted Brownhill Investment Company and David Adeleke, aka Davido, an out-of-court settlement. Justice Michael Obi of High Court Three, on Thursday, commended both parties…
Okuama killing: Troops will not rest until perpetrators are identified, says GOC
The General Officer Commanding (GOC) 6 Division, Nigerian Arm and Land Component Commander, Joint Task Force, south-south, Operation Delta state, Major General Jamal Abdussalam, has warned that troops will not rest until…
BREAKING: Tinubu appoints Holloway as Museums, Monuments Commission DG
President Bola Tinubu has appointed Olugbile Holloway as director-general of the national commission for Museums and monuments. This was contained in a statement issued on Thursday by special adviser to the President on…
Military Has Been Too Hard On Bandits – Sheik Gumi
Popular controversial Islamic scholar, Sheikh Ahmad Gumi, says the Nigerian military has been too hard on bandits with the approach it uses to win the war against banditry in the northern part of the country. He said…
Nigeria’s FX reserve to increase to $35.01 billion by end of March – CBN Deputy Governor
The Deputy Governor in charge of Economic policy at the Central Bank of Nigeria (CBN), Muhammad Sani Abdullahi has projected Nigeria’s external reserve to increase from around $34.98 billion to over $35 billion by the end of…
Nigerian Government Should Treat Bandits Like Niger Delta Militants, Grant Them Amnesty – Sheikh…
Islamic cleric, Sheikh Ahmad Gumi has said that the Niger-Delta region is relatively peaceful after the Nigerian government granted amnesty to militants and appointed their leaders, adding that the same method must be…
Nigeria received highest payment from Shell to governments in 2023 at $4.92 billion
In 2023, Nigeria was the top recipient of payments from Shell, receiving approximately $4.92 billion. This amount, the highest paid to any government by the oil giant, included company income taxes, fees, royalties,…
Dump your dollars to avoid tears, Naira’ll appreciate – Presidency warns
The Presidency has warned forex speculators to discard their Dollars, saying that the Naira will soon appreciate. President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, made this call in a…