Latest News
Abuja Street Beggars, Traders And Scavengers File ₦500M Lawsuit Against Wike, Others Over Mass Arrests
Scavengers, Beggars, and Petty Traders Sue FCT Minister, Security Agencies for ₦500 Million Over Alleged Human Rights Abuses and Unlawful Arrests in Abuja
Vulnerable residents in the Federal Capital Territory (FCT), including scavengers, street beggars, and petty traders, have slammed … Continue Reading
$52.88M Recovered From Diezani Alison-Madueke’s Loot To Fund Nigeria’s Electrification And Counter-terrorism Projects
Recovered Funds to Drive Renewable Energy Expansion, Counterterrorism Initiatives, and Justice Sector Reforms in Nigeria
In a landmark agreement, the United States has pledged to transfer $52.88 million forfeited from corruption in Nigeria’s oil industry to Nigeria. These funds, recovered … Continue Reading
US TikTok Users Flock to Chinese App RedNote Amidst Ban Threat
As the deadline for TikTok’s potential ban in the US looms, its users are making a swift exit to a Chinese alternative app called RedNote. The app, which has garnered a massive following in China, Taiwan, and other Mandarin-speaking … Continue Reading
First Bank Obtains Court Order to Seize Crude Oil Cargo on FPSO Vessel
The court ruling seeks to secure First Bank’s financial interests in GHL, which allegedly owes the bank significant debts. The defendants include GHL, the owners, operators, and master of the FPSO vessel. According to FBN, the bank guarantee is critical
… Continue Reading
CBN Fines Banks ₦150m Each for Failing to Dispense Cash via ATMs
This action follows repeated warnings from the CBN for banks to prioritize cash distribution via ATMs, while also implementing effective internal controls for accountability and responsible disbursement.
Abuja, Nigeria – The Central Bank of Nigeria (CBN) has imposed a ₦150 … Continue Reading
LemFi Secures $53 Million to Enhance Remittance Reach in Europe and Asia
LemFi, a London-based financial services platform aimed at serving immigrants has recently secured $53 million in funding, which it plans to utilize for customer acquisition and expanding its operations into additional countries.
For numerous emerging market economies, remittances have emerged … Continue Reading
Bitcoin Hits $95,000 one week before Trump’s inauguration
Bitcoin and Other Cryptocurrencies Decline Ahead of Trump Inauguration
The value of Bitcoin has taken a hit, plummeting below $95,000 just a week before the inauguration of President-elect Donald Trump. The cryptocurrency’s price dipped below $91,000 on Monday morning … Continue Reading
Nigeria Produced 566m Barrels of Crude Oil in 2024 – NUPRC Report
The NUPRC’s Crude Oil and Condensate Production Report reveals that from January to December 2024, the country produced a total of 566,794,493 barrels.
Abuja, Nigeria – Nigeria’s crude oil and condensate production for 2024 totaled 566.8 million barrels, according to … Continue Reading
Chinese Officials Reportedly Consider Sale of TikTok’s US Operations to Elon Musk
China’s government holds a “golden share” in ByteDance, a stake that some US lawmakers argue grants the Chinese Communist Party significant influence over the company. Under one scenario, Elon Musk’s social media platform, X (formerly Twitter), could take over TikTok’s
… Continue Reading
Hollywood Mourns: Veteran Actress Dalyce Curry Dies At 95 In Los Angeles Wildfires
Hollywood Icon Dalyce Curry, Star of Blues Brothers and The Ten Commandments, Tragically Loses Life in Devastating Los Angeles Eaton Fire
Dalyce Curry’s also known as “Momma D,” remains were discovered after her Altadena home was destroyed in the … Continue Reading