Abuja court adjourns Binance exec Gambaryan’s trial till May 17
A Federal High Court sitting in Nigeria’s capital, Abuja, on Thursday adjourned the trial of detained Binance Holdings Limited executive, Tigran Gambaryan,…
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Nigerian banks close two million accounts over inactive BVN, NIN
Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of suspicious…
Ex-Binance CEO sentenced to four months in jail
The founder of Binance, Changpeng Zhao, has been sentenced to four months in a U.S. prison. This verdict came after Zhao pleaded…
Google announces applications for Accelerator Africa
Tech giant, Google, has announced the commencement of applications for the 8th cohort of its Google for Startups Accelerator Africa program. In…
EFCC arrest BDC operators as naira weakens to 1,419/$
The Economic and Financial Crimes Commission carried out an unannounced raid at Zone 4 Wuse in Abuja, on Monday, which resulted in…
CBN raises Customs rates for cargo clearance by 14%
The Central Bank of Nigeria has again announced a hike in the exchange rate for paying import duty by 14 per cent.…
OpenAI signs partnership deal with Financial Times
OpenAI, the creator of ChatGPT, has entered into a partnership agreement with the UK’s Financial Times, allowing the AI company to utilize…
Naira surges to 1,275/$ at parallel market
The naira strengthened against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This represents a 9.8 per…
Tinubu arrives Saudi Arabia for special World Economic Forum meeting
President Bola Tinubu has arrived in Riyadh, Saudi Arabia to participate in the 2024 Special World Economic Forum meeting. The president had…
Forex shortage delays crude supplies to Dangote refinery
The Chinese state energy giant PetroChina has been holding a cargo of US crude oil in Nigeria’s biggest new refinery for almost…
Fuel scarcity hits Abuja, five other states as queues return
There were Long queues as many filling stations were closed in Abuja and about five other states on Wednesday as a result…
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…