A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world’s largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their value. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said investors in the proposed class action plausibly alleged…
Access Holdings CEO, Herbert Wigwe, his wife Doreen Chizoba, and son Chizzy were laid to rest today in a private mausoleum on the grounds of Wigwe University, the institution Dr Wigwe founded in Isiokpo, Rivers State. A somber atmosphere enveloped the Redeemed Christian Church of God in Isiokpo, where mourners gathered for a heartfelt funeral…
The rumour surrounding the state of health of Shyngle Wigwe, father of the late Herbert Wigwe, has been cleared. Nigerian blogs and some other sources had carried the news that Herbert Wigwe’s father, Shyngle Wigwe slumped earlier in the day and was rushed to a nearby clinic. It was confirmed from Rivers State government officials…
The Economist Intelligence Unit, EIU has highlighted five key risks for Nigeria that could severely impact the attainment of important goals of peace, economic stabilization and development in the months ahead. In its March 2024 report, the EIU listed the risks to include high possibility of Nigeria moving too fast on market reform and thereby…
Nearly half of Nigerians live below the national poverty line despite an unemployment rate of five percent, a new report by the World Bank has said. The report, titled ‘Why do so many Nigerian workers remain poor?’, showed a correlation between the type of employment, whether wage or self-employment, and levels of poverty. “Poor and…
The Comptroller-General of Customs, Mr Adewale Adeniyi, on Saturday, said consultations are ongoing on the reopening of borders. This is as he noted that only President Bola Tinubu has the prerogative to reopen borders in the country. He stated this at an interaction session with members of the Kongolam border community in Mai’adua Local Government…
The Lagos state government says it will sanction the Uber technologies system Nigeria for “failure to comply with essential data sharing agreements”. In a statement on Friday, Oluwaseun Osiyemi, Lagos commissioner for transportation, said the violation of established regulations by the e-hailing company is “alarming”. Osiyemi emphasised that integration of the application programme interface (API)…
Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative (GTI), the Nigerian National Action Committee (NAC) of AfCFTA announced on Thursday. The GTI, an interim arrangement designed to test the legal framework and Customs processes of participating state…
The Nigeria Police, Abia Command, said it rescued 16 pregnant women and eight children at a baby factory in Aba, Abia State. The Police Public Relations Officer (PPRO), SP Maureen Chinaka, made this known in a statement made available to journalists in the state on Friday. Chinaka, who did not disclose the location of the…
The Lagos State Government says it plans to inject additional 50 electric vehicles and 2,000 mass transit buses into its public transportation system to ease movement across the state. The state Commissioner for Transportation, Oluwaseun Osiyemi, said this in an interview with the News Agency of Nigeria. He said that the procurement of the Bus…
