News

Justice Emeka Nwite of the Federal High Court, Abuja, has set October 11 for judgment in the trial of popular cryptocurrency platform, Binance Holdings Limited, for alleged tax evasion. The Federal Government charged the platform and its two directors with four counts of tax evasion after failing to register with the Federal Inland Revenue Service (FIRS) for tax purposes. The …

The Central Bank of Nigeria (CBN) has sold $122.67 million to 46 authorized Bureau De Change (BDC) dealers in the country. This is in line with the central bank’s determination to promote stability and reduce market volatility in the foreign exchange market. CBN Director in charge of Financial Markets, Dr. Omolara Duke, disclosed this in a statement in Abuja on …

Police officers in Baguio City, Philippines, have arrested a 55-year-old woman for a gruesome attack on her husband after having sex. Local authorities said the woman became angry and attacked the man with a knife after he accidentally said another woman’s name during sex. The suspect, according to police, waited for the man to fall asleep and took a 10-inch …

The Plateau State government said on Thursday at least 200 students were trapped in a collapsed school in Busa Buji, Jos North Local Government Area of ​​the state. An undisclosed number of students and teachers were feared killed when a two-storey school building collapsed at Saints Academy in the area on Friday morning. Eyewitnesses told reporters that the building collapsed …

The naira fell against the US dollar on the official exchange on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency lost N9 to trade at N1,563/$1, up from N1,554/$1 recorded on Thursday. The intraday high and low prices recorded on the day were N1,586/$1 and N1,496/$1 respectively, indicating a very tight spread of …

The equity market reversed four consecutive days of losses this week, with investors booking profits of N172 billion at the close of trading on Friday. This follows the growth in share prices of CUTIX, LEARN AFRICA, and CAVERTON, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.4 trillion …

President Bola Tinubu has appointed Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian Ports Authority (NPA). Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who confirmed the news in a statement on Friday in Abuja, said the principal also appointed Dr. Abubakar Dantsoho as the Managing Director of the institution. Dantsoho will replace Mohammed …

EDO 2024: Okpebholo’s Compassionate Heart, A Ray of Hope In a remarkable display of empathy and leadership, Senator Monday Okpebholo, the APC governorship candidate, has won the hearts of Edo people and social media users. His recent acts of kindness have shown that he is the compassionate governor Edo needs. While visiting Jattu Market in Etsako West Local Government Area, …

The Federal Government on Thursday arraigned eight Chinese nationals and one Nigerian national for alleged illegal mining at the Federal High Court, Abuja. The foreign nationals – Shen Yongchan, Mo Baixian, Xiao Bin, Huang Xu Fa, Ma Bingli, Yang Jian, Li Peiyin, Que Wenyong and their Nigerian accomplice, Hiyk Edward Desmond, were arrested by mining officers in Lokpaukwu community, Umunneochi …

President Bola Tinubu formed a committee to address the food crisis in the country. The committee, the Presidential Food System Coordination Unit (PFSCU), is expected to find solutions to the food crisis and rising food costs in the country. PFSCU will also coordinate all agricultural activities in Nigeria. Chaired by Vice President Kashim Shettima with several state governors, local government …