The trial of Tigran Gambaryan, a Binance executive, opened on Friday with a surprising accusation: that Binance, the world’s largest cryptocurrency exchange, played a role in weakening Nigeria’s currency, the naira. This unexpected charge comes alongside money laundering allegations initially leveled against Gambaryan and Binance. Abdulkadir Abbas, a director of Nigeria’s Securities and Exchange Commission…
The Federal High Court in Lagos has convicted the founder of MedContour Services Ltd, Dr. Anuoluwapo Adepoju for her role in a botched plastic surgery resulting in the death of Nneka Onwuzuligbo in 2020, FIJ has reported. Former Director-General of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, announced the conviction via Twitter, expressing…
Governor of Rivers State, Siminalayi Fubara expressed sadness on Thursday over attacks on his supporters by troublemakers allegedly backed by the state’s outgoing Local Government Council chairmen. Fubara stated this while declaring the commencement of construction of the N80.3 billion, 33.5-kilometre Elele-Egbeda-Omoku Road dual carriageway and bridge project in Emohua Local Government Area of Rivers….
The Central Bank of Nigeria (CBN) is making a big move to raise the stake in the remittance game, announcing a strategic move to double foreign currency inflows through official channels. This ambitious plan involves granting Approval-in-Principle (AIP) to a wave of 14 new International Money Transfer Operators (IMTOs). “This initiative is a win-win,” says…
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, clarified that the federal government had no intention of illegally tapping into the N20 trillion pension funds for infrastructure development.The clarification followed media reports quoting the minister as saying, after the last Federal Executive Council (FEC) meeting, that the federal government…
President Bola Ahmed Tinubu has received President Bassirou Diomaye Faye of Senegal at the Presidential Villa in Abuja. Videos shared by presidential aides showed the moment the 44-year-old was received at the villa by President Tinubu in company with the Ministers of Finance and Coordinating Minister of the Economy, Wale Edun; Budget and Economic Planning,…
The ceilings of the Oduduwa Hall amphitheater at Obafemi Awolowo University (OAU) in Ile-Ife, Osun State, collapsed on a number of students during a rainfall on Thursday morning. It was gathered that many students were attending lectures when the wooden ceiling fell on them.A source revealed that two students were in critical condition following the…
After holding a public hearing with stakeholders, the committee submitted its report for deliberation and approval by the Senate. In his report, Abaribe presented 10 recommendations to the Senate and urged it to prevail on the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of MYTO, 2024 which approved over 200 percent upward review…
Portable was arrested on Tuesday in the Abule Egba area of Lagos for allegedly refusing to pay the balance of a G-Wagon vehicle he purchased from a car dealer. Portable crooner was reported to have bought the vehicle worth ₦27 million but paid only ₦13 million, with ₦14 million balance. Portable in a viral video,…
The Lagos State Government has announced an initiative in which it would partner with an international organisation to provide opportunities in Information and Communications Technology (ICT) for one million youths. The Commissioner for the Ministry of Youth and Social Development, Mobolaji Ogunlende, made this known on Wednesday, in Ikeja. He spoke during the ongoing Ministerial…
