Funeral Rites Conclude as Herbert Wigwe, Wife, and Son Are Laid to Rest
In a somber event marked by tears and tributes, Herbert Wigwe, his wife Chizoba, and their son Chizi were laid to rest in their hometown of Omueke, Isiokpo in Rivers State after a week-long series of funeral rites. The trio, alongside former Group Chairman of Nigerian Exchange Group Plc (NGX Group), Abimbola Ogunbanjo, as well […]
Binance Ends Naira Services Amid Regulatory Scrutiny
Cryptocurrency exchange giant Binance has announced the termination of its naira services, amid ongoing regulatory scrutiny and a faceoff with the Nigerian government. In a statement released on Tuesday, Binance outlined the timeline for the closure of its naira services and advised users to take necessary actions regarding their NGN assets. “Users are encouraged to […]
India Hotel Scandal: Dry Ice Mouth Freshener Causes Illness
In India, authorities have apprehended the manager of a hotel accused of serving dry ice as a mouth freshener to a group of diners. The sugar and spice mix, typically offered post-meal, induced vomiting and bleeding in five individuals who consumed it. Investigations revealed that the packet contained dry ice, a solid form of carbon […]
CBN Reduces Exchange Rate for Import Duties
In a significant move aimed at recalibrating import dynamics, the Central Bank of Nigeria (CBN) has announced a 5.3% reduction in the exchange rate used to calculate import duties. The adjustment, revealed through the official trade portal of the Nigeria Customs Service, comes amidst a period of relative stability in the exchange rate between the […]
Fostering Investor Confidence: President Tinubu’s Assurance
President Bola Tinubu reaffirmed his administration’s commitment to combat corruption and foster a conducive business environment during the Nigeria-Qatar Business and Investment Forum in Doha, delivering a stern message to potential investors and government officials alike. Addressing attendees at the forum, President Tinubu emphasized the imperative of eradicating corrupt practices and restoring investor confidence in […]
CBN Revokes Operational Licenses of 4,173 Bureaux de Change
The Central Bank of Nigeria (CBN) has taken the decisive step of revoking the licenses of 4,173 Bureaux De Change (BDC) Operators, exercising powers conferred on it under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015. The announcement was made […]
FG to Question More Cryptocurrency Executives Amid Crackdown
The Federal Government, through the Office of the National Security Adviser (NSA), is poised to summon and interrogate executives from various cryptocurrency platforms across the country following the recent questioning of two Binance executives. According to sources, the move comes in the wake of heightened scrutiny on cryptocurrency operations in Nigeria. The Financial Times on […]
Tinubu Issues New Directives to Dangote, BUA to Roll Back Prices
President Bola Ahmed Tinubu has issued a directive to major cement manufacturers, including Dangote and BUA, to revert to previous prices of the commodity. The announcement came after the Minister of Works, Senator David Umahi, inspected the BUA cement factory in Sokoto on Thursday, where he conveyed the directive to the manufacturers. During a recent […]
Oprah Winfrey Announces Departure from Weight Watchers Board
Oprah Winfrey has revealed her decision to step down from the board of Weight Watchers, a move that adds to the challenges facing the company in the competitive weight-loss market. Serving on the board since 2015, the celebrity stated that she will not seek re-election at the upcoming shareholder meeting in May. The company’s shares […]
Table Water Prices Set to Reach N100 per Sachet, Says ATWAP
The Association of Table Waters Producers (ATWAP) has said that the price of pure water could rise to N100 per sachet due to escalating production material costs. During a press conference in Lagos, ATWAP President Clementina Ativie highlighted challenges including high diesel prices, power shortages, and production expenses. Ativie emphasized that the existing water price […]
