Fire Ravages Section of Lagos Island’s Idumota Market
A devastating fire engulfed a section of the bustling Idumota Market on Lagos Island, causing panic and chaos among traders and residents on Tuesday. The blaze, reportedly triggered by a generator explosion, sent plumes of smoke billowing into the sky, visible from miles around. Despite the ferocity of the inferno, firefighters swiftly mobilized to the […]
Air Peace Chairman Alleges Conspiracy by Foreign Carriers to Push Local Airline Out of Nigeria-UK Route
The Chairman of Air Peace, Allen Onyema, has sounded the alarm over what he describes as a concerted effort by foreign carriers operating the Nigeria-UK route to drive Air Peace out of international operations by engaging in a pricing war. Speaking on Channels Television’s Politics Today programme, Onyema raised concerns about an alleged “unspoken alliance” […]
CBN Sells $10,000 To Over 1,500 BDCs at N1,101/$ to Meet Retail Market Demands
The Central Bank of Nigeria (CBN) has taken proactive measures to address retail market demand for foreign exchange by announcing the sale of dollars to 1,588 Bureau De Change (BDC) operators. In a statement released on Monday, the apex bank disclosed its decision to allocate $10,000 to each BDC at the rate of N1,101 per […]
Investigation Launched After Engine Cowling Detaches from Boeing 737-800
US airline regulators have launched an investigation following an incident where an engine cowling detached from a Boeing 737-800 during take-off and struck a wing flap. The Southwest Airlines flight safely returned to Denver International Airport at approximately 08:15 local time (15:15 GMT) after departing for Houston. The aircraft, carrying 135 passengers and six crew […]
Naira Faces Rejection in West African Markets Amidst Depreciation Woes
The depreciation of the Naira in recent months has sparked significant setbacks in the West African market, with trans-border traders increasingly shunning the Nigerian currency in favor of the CFA or other local currencies of non-francophone countries, according to investigations by Vanguard at the Seme border. Traditionally, the Naira enjoyed status as the preferred medium […]
New Electricity Tariff Hike to Affect Only 1.5 Million Consumers – FG
The Federal Government has clarified that the recent hike in electricity tariffs will only impact a small segment of consumers, estimated at 1.5 million, amid concerns raised by Nigerians over the country’s economic challenges. The Minister of Power, Adebayo Adelabu, revealed that the tariff adjustment primarily targets Band A customers, who receive electricity supply for […]
Arraignment of Binance Holdings Limited and Senior Executive Stalled in Federal High Court
The arraignment of Binance Holdings Limited and its Senior Executive, Tigray Gambaryan, at the Federal High Court, Abuja, hit a roadblock as proceedings were stalled due to the non-service of charges to the second defendant, Gambaryan. During the court session, Gambaryan’s counsel, Tonye Krukrubo, informed the court that his client, scheduled for arraignment by the […]
Tragic Fire in Istanbul Nightclub Leaves 29 Dead
A fire erupted in the Masquerade nightclub located in the basement of a high-rise building in Istanbul, Turkey, resulting in the tragic deaths of at least 29 individuals, with one person injured. The nightclub, which was closed for renovations during the day, became engulfed in flames shortly after midday, according to Istanbul governor Davut Gül. […]
Xiaomi’s SU7 Max Electric Vehicle Faces Delivery Delays of Up to Six Months
Just days following the debut of its inaugural electric vehicle (EV), Chinese smartphone manufacturer Xiaomi has informed buyers that they may face a wait of up to six months for their vehicle to be delivered. Screenshots circulating on Chinese social media platforms display the company advising customers that the delivery of the SU7 Max could […]
AT&T Data Breach: Millions of Customers’ Info Compromised
AT&T has initiated the process of informing millions of customers regarding the recent discovery of stolen personal data online. The telecommunications giant announced on Saturday that a dataset found on the “dark web” contains information belonging to approximately 7.6 million current AT&T account holders and 65.4 million former account holders, including Social Security numbers. AT&T […]
