The Central Bank of Nigeria (CBN) has issued a directive requiring all participants in the foreign exchange (FX) market to submit a compliance report on adherence to the Nigeria FX Code by January 31, 2025. This initiative is part of the apex bank’s ongoing efforts to promote ethical practices, enhance governance, and ensure transparency in…
Manchester United manager Ruben Amorim has made headlines with a bold statement regarding the exclusion of Marcus Rashford from the squad. The England international has not featured for United since December 12, and his absence continued during the 1-0 victory against Fulham on Sunday. Despite United’s struggles to break down Fulham’s defense, Amorim dismissed the…
Global tech giants Nvidia Corp and ASML Holding NV, both leaders in the AI revolution, experienced a significant dip in their stock prices following the rise of Chinese startup DeepSeek. The buzz around DeepSeek’s latest AI model, which claims to rival industry benchmarks like ChatGPT while running on less advanced chips, has caught the tech…
The Nigerian government has taken a significant step toward advancing its domestic drone technology capabilities. On Monday, representatives of Loong UAV, a leading global provider of tactical drone solutions based in China, engaged with Nigerian officials to explore a strategic collaboration. Dr. Joseph Tegbe, the Director-General of the Nigeria-China Strategic Partnership (NCSP), led the Nigerian…
Tensions between the United States and Colombia de-escalated on Sunday after the Colombian government agreed to accept repatriated citizens on U.S. military flights. This decision followed President Donald Trump’s threat of imposing significant sanctions on Colombia, Latin America’s fourth-largest economy. The White House announced the resolution in a statement, noting that Colombia had agreed to…
Global financial markets faced mixed reactions on Monday as investors assessed the implications of significant geopolitical and technological developments. U.S. stock futures and Asian shares outside of China took a hit, while the dollar strengthened amid tensions between the United States and Colombia, which narrowly avoided escalating trade sanctions. The launch of Chinese startup DeepSeek’s…
In a remarkable display of forgiveness and respect for traditional authority, Aare Afe Babalola, the founder and chancellor of Afe Babalola University, Ado-Ekiti (ABUAD), has withdrawn all criminal charges against human rights lawyer Dele Farotimi. The decision came after the intervention of the Ooni of Ife, Oba Adeyeye Ogunwusi, alongside other prominent traditional rulers in…
