Detained Binance Executive Sues NSA, EFCC of Human Rights Violation
Tigran Gambaryan, a detained executive of Binance, has leveled accusations against the National Security Adviser (NSA), Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC), alleging violations of his fundamental human rights. In an originating motion, Gambaryan sought a declaration asserting that his detention and confiscation of his travel document contravened Section 35 (1) and […]
Xiaomi Enters Electric Car Market with Speed Ultra 7 Launch
Xiaomi, the Chinese smartphone manufacturer, is poised to unveil its inaugural electric vehicle (EV) and commence pre-orders on Thursday. According to the company’s CEO, Lei Jun, the Speed Ultra 7 (SU7) will be priced below 500,000 yuan ($69,186; £54,836). This strategic move positions Xiaomi to compete directly with industry giants such as Tesla and BYD […]
Sam Bankman-Fried: Sentencing Day Arrives for Former Billionaire
Sam Bankman-Fried, the former billionaire cryptocurrency executive convicted of fraud and money laundering last year, is scheduled to appear in a New York court on Thursday for sentencing. While it is certain that the 32-year-old will be incarcerated, the duration of his sentence remains uncertain. This development has reignited discussions about the gravity of his […]
Japan Oji Holdings Redirects Focus: From Baby Diapers to Adult Diapers
A significant shift in the Japanese diaper industry has been announced by a prominent manufacturer, Oji Holdings, as it plans to cease the production of baby diapers in the country. Instead, the company will redirect its focus towards the adult diaper market. This strategic move comes amidst Japan’s rapidly aging population and a continuous decline […]
CBN Raises Benchmark Interest Rate to 24.75% Amid Inflationary Pressures
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark interest rate, raising it by 200 basis points to 24.75 percent. This decision was revealed in a communique issued on Tuesday by CBN Governor Yemi Cardoso following the second MPC meeting of his tenure, held […]
Binance Executive Escapes Custody, Triggers International Manhunt
The National Security Adviser, Mal. Nuhu Ribadu, has confirmed that Nadeem Anjarwalla, a central figure in the ongoing criminal investigation into Binance’s operations in Nigeria, has reportedly fled from custody. Anjarwalla’s escape has prompted an intensive manhunt coordinated with Interpol to secure an international arrest warrant against him. According to Ribadu, the suspect evaded Nigerian […]
CBN Sells Dollars to BDC Operators at N1,251/$1, Imposes Selling Limit
The Central Bank of Nigeria (CBN) has executed another round of dollar sales to Bureau De Change (BDC) operators, setting the exchange rate at N1,251 per dollar. Dr. Hassan Mahmud, Director of the Trade and Exchange Department at the apex bank, disclosed that each BDC received $10,000 under this arrangement. In a statement, Dr. Mahmud […]
Detained Binance Executive Escapes From Custody, Flee Nigeria Amid Tax Evasion Allegations
Nadeem Anjarwalla, a prominent figure at Binance, has reportedly absconded from custody in Nigeria amidst allegations of tax evasion and other charges. The 38-year-old dual British-Kenyan citizen, detained alongside a colleague, managed to flee from a guest house in Abuja on Friday, March 22, as confirmed by PREMIUM TIMES. Anjarwalla’s escape unfolded during a visit […]
Apple’s Monopoly Allegations: Impact on Smartphone Market
To grasp the significance of the US government’s recent lawsuit against Apple, one must first acknowledge the unique fervor of the company’s fanbase. Apple occupies a distinctive space in the realm of technology brands. Having attended numerous Apple events, both virtually and in person, one cannot help but notice the enthusiastic applause and cheers from […]
CBN Clears $7 Billion FX Backlogs, Boosts Market Confidence
The Central Bank of Nigeria (CBN) has fulfilled a crucial commitment by settling all valid foreign exchange backlogs totaling $7 billion, as announced by its Governor, Mr. Olayemi Cardosoo. In a statement released on Wednesday, Mrs. Hakama Sidi Ali, the CBN’s Acting Director of Corporate Communications, confirmed that independent auditors from Deloitte Consulting meticulously assessed […]
