The Central Bank of Nigeria (CBN) has concluded the sale of government securities, raising a total of N1.053 trillion (equivalent to $680 million) in short-term instruments. The sale, part of the bank’s liquidity management exercise, saw overwhelming demand, with the … Continue Reading
Transnational Corporation (Transcorp) Plc has announced the listing of its subsidiary, Transcorp Power Plc, on the Main Board of the Nigerian Exchange (NGX). The listing, conducted through introduction, underscores Transcorp’s commitment to creating value for the Nigerian public … Continue Reading
Governor Lucky Aiyedatiwa of Ondo State has announced the approval of a N1.2 billion grant for Olusegun Agagu University of Science and Technology, Okitipupa (OAUSTECH). The grant is intended to facilitate the completion of several abandoned projects on the university … Continue Reading
Elon Musk has initiated a lawsuit against OpenAI, the organization he co-founded in 2015. Musk, a prominent figure in the tech industry known for his ventures such as SpaceX and Tesla, alleges that OpenAI has strayed from its original mission … Continue Reading
The Nigerian government has imposed a staggering fine of $10 billion on Binance, one of the world’s largest digital asset platforms. The move comes amid growing concerns about the role of cryptocurrency exchanges in facilitating illicit activities and exacerbating … Continue Reading
The African Development Bank (AfDB) has earmarked $134 million to support the cultivation of essential crops such as rice, maize, cassava, and soybeans.
The announcement was made by Dr. Akinwunmi Adesina, President of the AfDB, following his visit to the … Continue Reading
The National Drug Law Enforcement Agency (NDLEA) has intercepted a 40-year-old businessman, Ejike Chibuke Solomon, with 1.45 kilograms of cocaine concealed in his luggage. Solomon was apprehended at the Nnamdi Azikiwe International Airport in Abuja while attempting to board an … Continue Reading
The cause of his death of popular Nigerian comic actor, John Okafor aka Mr. Ibu who died on Friday in a hospital in Lagos state, has been revealed to be blood clots.
The Nigerian entertainment industry was plunged into mourning with the shocking news of the demise of veteran actor John Okafor, fondly known as Mr. Ibu, at the age of 62.
The Actors Guild of Nigeria (AGN) confirmed the unfortunate … Continue Reading
MTN Nigerian Plc, a leading telecommunications company listed on the Nigerian Exchange Group Plc (NGX), emerged as the top loser, reporting a substantial loss of approximately N982 billion … Continue Reading