FTX Founder Samuel Bankman-Fried Faces A Maximum Of 115 Years In Prison If Convicted On All Counts Against Him
Sam Bankman-Fried, the founder and former CEO of FTX and Alameda Research, could face up to 115 years in prison if convicted on all eight counts against him in a federal indictment unsealed Tuesday morning, according to congressional statutory maximum sentencing guidelines. The charges against him including wire fraud, wire fraud conspiracy, and conspiracy to […]
US Charges Sam Bankman-Fried With Defrauding Investors
The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors. “FTX’s collapse highlights the very real risks that unregistered crypto asset trading platforms can pose for investors and customers alike,” said Gurbir S. Grewal, director of the SEC’s […]
British Trade Minister Badenoch Heads To India For New Round Of Trade Talks
British trade minister Kemi Badenoch will hold her first face-to-face meeting with her Indian counterpart on Monday in New Delhi in an effort to spark life into talks over a free trade agreement (FTA) between the countries. The trip marks the first formal round of negotiations since July. Former Prime Minister Boris Johnson in April […]
Senate To Question CBN Deputy Governors Over New Cash Withdrawal Policy
The Nigerian Senate has decided to question two deputy governors of the Central Bank of Nigeria (CBN) about the apex bank’s cash withdrawal limit policy. According to reports, the CBN policy announced on Tuesday limits over-the-counter cash withdrawals by individuals and organisations to N100,000 and N500,000 per week, respectively. According to a memo signed Tuesday […]
CBN Set Weekly Bank Limit For Withdrawal To N100,000, N20,000 Per Day Via POS
The Central Bank of Nigeria (CBN) has set the weekly limit for over-the-counter (OTC) cash withdrawals at N100,000 for individuals and N500,000 for corporate organisations. Individual Point of Service (POS) were also limited to N20,000 per day by the apex bank. This is stated in a CBN circular sent to all Deposit Money Banks (DMBS) […]
Abuja-Kaduna Train Service Records Low Passenger Turnout On First Day
Passenger turnout is reported to have been low on the first day of operation at the Abuja-Kaduna train terminal on Monday (yesterday). It was observed that only a few cars were seen at the park about 30 minutes before the first train’s departure, indicating a low turnout of passengers. It was also revealed that two […]
Ukraine War: Oil Prices Rise As Cap On Russian Crude Kicks In
Oil prices have risen amid concerns that a new cap on the price of Russian crude could disrupt global supplies in the coming months. A separate decision by major oil-producing countries to keep cutting how much they produce to prop up prices has also fuelled the rise. The price of Brent crude oil rose by […]
Cutting Energy Prices Will Take Years – Power Boss
It “will take years” to get energy prices back to pre-Ukraine war levels, the boss of one of the world’s biggest energy firms has told the BBC. Enel’s Francesco Starace said bringing prices down depends on new sources of energy such as renewables and heat pumps. Governments across Europe are spending billions helping business and […]
OPEC+ oil Producers Face Uncertainty Over Russian Sanctions
The Saudi-led OPEC oil cartel and allied producing countries, including Russia, are expected to decide how much oil to supply to the global economy amid weakening demand in China and uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. The 23-country OPEC+ alliance are […]
Abuja-Kaduna Passenger Train Services Resume On Monday
The federal government has announced the resumption of the Abuja-Kaduna passenger train service tomorrow, eight months after it was suspended following a terrorist attack on March 28, this year, which killed 11 people, injured and abducted several others. All intending passengers must present National identification cards before purchasing tickets, according to a statement issued by […]
