The Central Bank of Nigeria (CBN) has announced plans to expand the use of its digital currency, eNaira, to facilitate payments into government accounts and streamline transactions for Ministries, Departments, and Agencies (MDAs). This initiative will enable MDAs to manage vendor and beneficiary payments using the eNaira, marking a significant step toward integrating digital currency…
Binance, the global cryptocurrency trading platform, has identified two key conditions that must be fulfilled before it can consider registering under the Nigerian Securities and Exchange Commission’s (SEC) special framework program for Virtual Asset Service Providers (VASPs). This program is designed to regulate crypto platforms operating in Nigeria. Binance’s stance comes in response to the…
According to the platform’s leadership, World Liberty Financial will enable users to lend and borrow cryptocurrencies directly from one another, bypassing traditional financial institutions.
The Federal Government is set to unveil a strategic initiative on Wednesday aimed at establishing Nigeria as a global leader in the rapidly expanding Halal economy. This effort is projected to contribute an additional $1.5 billion to the country’s Gross Domestic Product (GDP) by 2027. The global Halal market, which encompasses a wide range of…
Since joining Bayern Munich in the summer of 2019, Jamal Musiala has rapidly become one of the club’s brightest stars. The 21-year-old has developed significantly during his time at Bayern, transitioning from a highly promising teenager to one of the most influential players in the squad. Over the course of his four years at the…
The Nigerian National Petroleum Company (NNPC) has provided a detailed breakdown of the estimated petrol prices that will be charged at its retail stations across Lagos and other states, with products sourced from the Dangote Refinery. This information was disclosed in an official statement issued by Olufemi Soneye, the NNPC’s Chief Corporate Communications Officer. According…
NASA recently celebrated a significant milestone for humanity, as a record-breaking 19 people are currently orbiting Earth. The record was achieved following the arrival of three new crew members at the International Space Station (ISS), marking the busiest period in the planet’s orbit to date. “After Wednesday’s launch to the @Space_Station, there are now 19…
The United States has announced a major contract for the sale of 32 F-35A fighter jets to Romania, marking a significant boost to the Eastern European nation’s defense capabilities. The deal, which is still pending approval from the US Congress, includes the purchase of advanced aircraft and associated equipment from Lockheed Martin, the leading US…
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the Dangote Refinery will begin distributing Premium Motor Spirit (PMS), commonly known as petrol, starting Sunday. Initially, this distribution will be exclusive to the Nigerian National Petroleum Company Limited (NNPCL). This significant development was revealed during a press briefing…
WHO has prequalified the MVA-BN vaccine as the first vaccine against monkey pox to be approved.
