Nigeria’s Exchange Rate Drops 6.43% in July Despite CBN’s Foreign Exchange Interventions
This decline marks the naira’s weakest performance in four months, with exchange rates fluctuating between a low of N1,500.32 and a high of N1,621.12
Tag: World News
World’s Richest Suffer $134 Billion Loss Amid Market Turmoil
Jeff Bezos’s net worth plummeted by $15.2 billion on Friday, contributing to a broader market downturn that collectively wiped out $134 billion from the fortunes of the world’s 500 wealthiest individuals. Amazon.com Inc. shares fell by 8.8% during a widespread market selloff, reducing Bezos’s net worth to $191.5 billion, according to the Bloomberg Billionaires Index….
US Justice Department Sues TikTok and ByteDance
The US government accused TikTok of breaching the Children’s Online Privacy Protection Act (COPPA), which mandates that services directed at children must obtain parental consent before collecting personal information from users under the age of 13.
Hunger Protest: Military Poised to Intervene if Protest Violence Escalates, Chief of Defence Staff Warns
The Nigerian military announced on Friday its potential involvement in managing the looting crisis amid the nationwide hunger protests, dubbed #EndBadGovernanceInNigeria. During a press conference in Abuja, the Chief of Defence Staff, General Christopher Musa, addressed the issue, highlighting the military’s stance and the measures they are prepared to take. General Musa acknowledged the protesters’…
Cristiano Ronaldo Remains Silent on Future Tournaments; Liverpool’s Diogo Jota Comments
Cristiano Ronaldo’s Future in Question as Euro 2024 Ends in Quarter-Final Defeat At Euro 2024, Cristiano Ronaldo, the 39-year-old footballing icon, played 486 minutes—more than any other player in Roberto Martinez’s squad—but was unable to find the net before Portugal’s quarter-final defeat to France. With 212 caps and 130 goals for his country, Ronaldo’s future…
Dwight Yorke Criticizes Potential Succession Plan as Ruud van Nistelrooy Joins Man Utd Coaching Staff
Van Nistelrooy Joins Ten Hag’s Backroom Team at Manchester United Amid Speculation Manchester United has welcomed a familiar face back to Old Trafford, with Ruud van Nistelrooy joining the backroom team under fellow Dutchman Erik ten Hag. The former striker, who scored 150 goals for United over five seasons during his playing career, returns to…
Turkey Blocks Instagram Access Without Explanation or Indication of Duration
On Friday, Turkey’s national communications authority, BTK, blocked access to the Instagram social media network without providing an explanation, following allegations of censorship by a high-ranking Turkish official against the US-based company. The BTK’s brief statement on its website read, “instagram.com has been blocked by a decision on the date of 02/08/2024,” offering no additional…
Casemiro’s Absence in FA Cup Final Against Manchester City Explained: Ten Hag Clarifies Controversy
In a surprising turn of events, Casemiro was absent from the starting XI for Manchester United’s FA Cup final clash against Manchester City, following widespread rumors that he would be dropped. Initially named on the bench, the Brazilian midfielder was subsequently removed, with the club’s media department citing an injury as the reason. However, three…
Dangote Refinery to Consume N1.7 Trillion Worth of Crude Oil Monthly
This directive aims to ensure the stability of both the pump price of refined fuel and the dollar-naira exchange rate.
Barcelona’s Strategy to Re-Sign Joao Felix and Joao Cancelo on Loan
Despite their financial constraints, Barcelona’s interest in João Cancelo remains undiminished. According to the Daily Star, the Catalan club is prepared to offer a £7 million ($9 million) loan fee and an additional £18 million ($23 million) at the end of the season to make the transfer permanent. While Manchester City initially preferred an outright…
