US seeks three-year jail term for ex-Binance CEO
The U.S. prosecutors are seeking a three-year prison sentence for Changpeng Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange. This comes after Zhao pleaded guilty…
We’re going nowhere, TikTok CEO reacts to US ban
TikTok's CEO expressed confidence on Wednesday that the company would overcome a legal challenge against newly enacted legislation signed into law by President Joe Biden, which aims to ban the…
FilmHouse co-founder Moses Babatope to launch new media company
Co-founder of Filmhouse Group and former Managing Director of FilmOne, Moses Babatope, is gearing up to unveil a new media and entertainment venture. The announcement of this venture was made…
NBTI generates over 22,000 direct employment opportunities – DG
The National Board for Technology Incubation has said it generated over 22,000 direct employment opportunities through its community incubation centers nationwide since its establishment in 2005. This was disclosed by…
Stock market loses N673bn after 119.24 points drop
The Nigerian Stock Exchange closed on a bearish note as selloffs overtook buying activities. The All Share Index dropped by 1,190.24 points to settle at 98,121.30, indicating widespread investor pessimism…
TikTok under fire as US mandates sale within a year
Alex Omenye President Biden took action on Wednesday by signing a law aimed at prohibiting Chinese-owned TikTok unless it undergoes a sale within a year. This move represents the most…
Keyamo inaugurates committee to enhance aviation safety
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, on Tuesday inaugurated the National Executive Safety Committee to boost safety in Nigeria’s aviation sector. This was disclosed in a…
Multichoice Nigeria hikes DStv, GOtv subscription prices
Multichoice Nigeria, a Pay-TV operator, has announced a hike in the price of its DStv and GOtv packages This follows the initial price review implemented on May 1, 2023. The…
FG approves first phase of Consumer Credit Scheme
The federal government has announced the approval of the first phase of the Consumer Credit Scheme. This was disclosed in a Press release statement by the Special Adviser to the…
FG suspends Dana Air after Lagos airport incident
The Nigerian Civil Aviation Authority has issued a suspension on the operations of Dana Air. This decision stems from an incident involving a Dana Air plane at Lagos airport on…
One in six Nigerian children face hunger over food inflation – Report
A recent report by Save the Children has projected that approximately one in every six children, totaling 15 million, in Nigeria will face hunger starting from June 2024. This projection…
FX spot market hit $12.61bn turnover in March – Report
The March turnover in the spot foreign exchange market amounted to $12.61 billion (N19.29 trillion), reflecting a notable month-on-month increase of 47.66% ($4.07 billion) compared to February 2024 ($8.54 billion).…
