The Minister of Power, Mr. Adebayo Adelabu, emphasized that the Federal Government necessitates an annual allocation of $10 billion over the course of the next decade to rejuvenate the nation’s power sector and mitigate the persistent liquidity challenges. He further underscored the impracticality of such a financial commitment within the current fiscal framework of the…
The Central Bank of Nigeria has issued directives preventing several microfinance institutions, including Moniepoint, Opay, and Kuda, from initiating the process of opening new accounts and welcoming fresh clientele. This decision stems from allegations suggesting that these institutions have been implicated in activities involving the channeling of cryptocurrency transactions and exerting undue influence on the…
The Economic and Financial Crimes Commission (EFCC) contemplates prosecution of 300 Forex Racketeers engaged in Peer-to-Peer Trading beyond Regulatory Bounds. In a recent interactive session with editors and bureau chiefs in Abuja, EFCC Chairman Ola Olukoyede hinted at potential prosecution proceedings against approximately 300 individuals involved in forex racketeering via a peer-to-peer platform, circumventing financial…
The European Commission is poised to potentially enact the suspension of TikTok’s Lite rewards program, a feature that compensates users for their time spent on the platform, as early as this Thursday. Commissioner Thierry Breton has criticized the program as “toxic and addictive,” particularly when utilized by underage individuals. He said: “We stand ready to…
Premier League outfit Crystal Palace has officially thrown their hat into the ring for the coveted signature of Raphael Onyedika, adding their name to the growing list of admirers for the talented forward. Onyedika’s stellar performances for Club Brugge in the highly competitive Belgian Pro League have not gone unnoticed, drawing attention from several elite…
Dangote Petroleum Refinery has recently announced another notable reduction in the prices of both diesel and aviation fuel, now offering them at N940 and N980 per litre respectively. This decision follows closely on the heels of their previous reduction to N1,000 just a fortnight ago. The revised price of N940 is applicable to customers purchasing…
Nigerian controversial cross-dresser, Okuneye Idris Olanrewaju, predominantly known as Bobrisky has initiated an appeal process against the recent six-month imprisonment verdict handed down by the Federal High Court in Lagos. This conviction of the controversial social media personality, stems from charges related to the alleged abuse of the Nigerian currency, the naira. Represented by his legal…
Kenyan Police reportedly has apprehended Nadeem Anjarwalla, Binance Executive Who Fled Nigeria Amid Cryptocurrency Crackdown According to recent reports, Nadeem Anjarwalla, a senior figure at the cryptocurrency exchange Binance, has been detained by Kenyan law enforcement. Anjarwalla had managed to evade capture in Nigeria after authorities cracked down on Binance as part of efforts to…
The chief of Israeli military intelligence, Major General Aharon Haliva has resigned, citing responsibility for the shortcomings leading up to Hamas’s attack on Israel on October 7. The Israel Defense Forces (IDF) stated that the Major General will retire once his successor is chosen. General Haliva admitted in a letter that his intelligence directorate failed…
Israel’s Prime Minister Benjamin Netanyahu has pledged to vehemently oppose any sanctions imposed on the country’s military. The Prime Minster made this known on Sunday following reports of the US intending to reduce aid to a specific unit, stating that he will vigorously combat it. The US intended to target Israel’s Netzah Yehuda battalion over alleged…
