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Nigeria drops charges against Binance exec Tigran Gambaryan
News

Binance exec Gambaryan seeks compensation for detention in Nigeria

A senior executive at Binance, Tigran Gambaryan, has petitioned the Federal High Court in Abuja to award costs against the Office of the National Security Adviser and the Economic and Financial Crimes Commission over his prolonged detention in Nigeria. The request was part of an amended originating motion for the enforcement of his fundamental rights, […]

Ramaphosa pledges to strengthen trade partnership with Nigeria
News

Ramaphosa pledges to strengthen trade partnership with Nigeria

South African President Cyril Ramaphosa has reaffirmed his commitment to maintaining a strategic partnership with Nigeria, following the announcement that South Africa has become Nigeria’s top trading partner in Africa for the first quarter of 2024, with trade exceeding N1 trillion, according to the Nigerian Bureau of Statistics. The South African government emphasized the importance […]

News

Customs revenue rises by 74%, hits N4.5tn in one-year

The Nigeria Customs Service stated on Wednesday that its revenue climbed 74% to N4.49 trillion between June 2023 and May 2024, compared to the same period the previous year. This was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, in Abuja, while offering an analysis of the NCS’s performance over the previous year under his […]

Aviation

Royal Air Maroc launch Abuja-Casablanca flight

Royal Air Maroc, Morocco’s flagship airline, is thrilled to announce the debut of a new direct service from Abuja, Nigeria, to Casablanca, Morocco, and other worldwide destinations beginning June 23. This was disclosed in a statement by Royal Air Maroc Country General Manager, Ahmed Anouar Boussouf stating it would operate three weekly flights from Abuja […]

Aviation

FG to transform Zaria Hotels to classrooms, hostels for aviation college – Keyamo

The Minister of Aviation and Aerospace Management, Festus Keyamo has said that the Federal Government plans to transform Zaria Hotels in Kaduna State into classrooms and hostels for the Nigerian College of Aviation Technology, Zaria. This was disclosed by Keyamo to the press on Wednesday, adding that the Zaria Hotels were acquired as an annexure […]

Business

Sterling Bank, SMEDAN partner to launch data platform

Sterling Bank and the Small and Medium Enterprises Development Agency of Nigeria have developed Databanc, a website that provides data on Nigerian businesses as well as a single-digit loan scheme worth N5 billion. This disclosure was made in a statement by the bank on Wednesday stating that Databank delivers insights that will be used by […]

Nvidia unveils new AI, gaming chips, desktop computer at CES 2025
Tech

Nvidia dethrones Microsoft as world’s most valuable company

Nvidia on Tuesday surpassed Microsoft to become the world’s most valuable business, as its high-end processors play a critical role in the race to dominate artificial intelligence technologies. Shares of the chipmaker rose 3.5 percent to $135.58, bringing its market capitalization to $3.335 trillion (approximately Rs. 2,78,15,901 crore), just days after it surpassed iPhone maker […]

News Uncategorized

Nigeria, UK’s trade dips by 25% in Q1 2024

Nigeria’s total trade with the United Kingdom fell by 25% in the first quarter of 2024 despite the higher value realized from the devaluation of the naira. The total trade between Nigeria and the UK plummeted from N602.36 billion in Q1 2023 to N451.45 billion in Q1 2024, according to the National Bureau of Statistics. […]

Aviation

Unrest at NCAA as acting DG tenure expires

The choice of who will serve as the aviation regulatory agency’s substantive director-general has caused unrest within the Nigeria Civil Aviation Authority’s management and employees as well as in the Ministry of Aviation and Aerospace Development. There has been unrest within the NCAA over the past six months, due to a leadership tussle between Captain […]

President Tinubu to reduce inflation to 15% by 2025
News

Nigeria seeks extension on World Bank’s $800m loan deadline

Nigeria has requested an 18-month extension on the closing date of the World Bank’s $800 million palliative loan in a calculated decision to strengthen its social safety net programs in the face of growing inflation and economic challenges. The World Bank’s restructuring paper document on the project states that the Nigerian government has asked to […]

Crypto

Binance: Court strikes out fundamental rights suit against EFCC, NSA

The Federal High Court Abuja on Wednesday dismissed the fundamental rights suit filed by the fleeing Binance Executive, Nadeem Anjarwalla against the Office Of the National Security Adviser and the Economic and Financial Crimes Commission. Following the absence of Anjarwalla’s legal team during the proceedings, Justice Inyang Ekwo rendered the verdict, according to Nairametrics. Recall […]

News

Illicit trade, a barrier to economic growth – WTO

The World Trade Organisation has said that illicit trade damages societies and hinders economic growth and development. This was revealed in a publication on fighting illicit trade in medical products by WTO on Monday. The organization stated that it not erode only legitimate companies but also encourages corruption and denies governments vital tax revenue for […]

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