News

  • Binance executive reportedly escapes from custody in Abuja

    One of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, Nadeem Anjarwalla, has reportedly escaped from police custody.  Premiumtimes reports that security sources say Anjarwalla, 38, escaped on Friday, 22 March, from the Abuja guest house where he and his colleague were being detained…

  • Jeff Bezos now world’s richest person as he overtakes Bernard Arnault

    Jeff Bezos, the founder of Amazon, on Thursday, March 21, replaced Bernard Arnault as the world’s richest person. According to data from Bloomberg Billionaires Index, Bezos has a net worth of $201 billion. His net worth rose by $2 billion, from $199 billion on March 20. The publication said Bezos’…

  • FG discusses submarine cable protection with ITU

    The Federal Government and the International Telecommunication Union, ITU, have resumed discussion targeted at protecting submarine cables and other digital infrastructure. The Minister of Communications and Digital Economy, Bosun Tijani, disclosed this on his  X on Wednesday. The move to build resilience in the digital infrastructure followed the recent undersea…

  • Power outage: Traders lament increasing cost of fuelling generators

    Ndigboamaka Progressive Markets Association, in partnership with Haier Global Business, a Chinese firm, has expressed displeasure over the increasing cost of fuelling generators, describing it as unbearable. Both organisations said many businesses were suffering significant losses due to persistent power interruptions which affect their production rate. Speaking in Lagos at…

  • States owe FG N1.7tn budget loans

    The governments of Nigeria’s 36 states and the Federal Capital Territory owe the federal government an outstanding liability of N1.72tn in budget support facilities. The figures were revealed in a presentation on state budget support facility by Office of the Accountant General of the Federation, at the 140th meeting of…

  • Foreign trips: FG may save over N5bn quarterly

    The Federal Government may save an estimated amount of over N5bn every quarter from the new policy banning officials of Ministries, Departments and Agencies from embarking on public-funded foreign trips for three months, according to an analysis of government budget data. The data was collated from the breakdown of funds…

  • Naira appreciates to N1,382/dollar, Presidency cautions speculators

    The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt. The naira gain came a…

  • Tinubu approves national honours for 17 slain soldiers

    President Bola Tinubu has approved what he called a befitting burial for the 17 soldiers who were killed while on a peacekeeping mission in Delta State last week. This was as he approved the conferment of post-houmous national honours on the slain soldiers. The Special Adviser to the President on…

  • Soldiers killed in Okuama to receive national honors and befitting burial – President Tinubu

    President Bola Tinubu has announced plans by the Federal government to confer National Honors on the seventeen military personnel killed in Okuama, a community in Ughelli South Local Government Area of Delta Statelast week. The President disclosed this at the breaking of the Ramadan fast with the Speaker of the…

  • Lagos official reveals when Mohbad’s autopsy result would be ready

    Dr Richard Somiari, Director of Lagos State DNA and Forensic Centre, said that the results of an autopsy conducted on deceased singer Ilerioluwa Aloba, a.k.a Mohbad, would be ready in the next three weeks or four weeks.  Somiari disclosed this on Wednesday, March 20, while testifying during a coroner’s inquest…

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