Tesla Halts Its Romance With Bitcoin Citing Climate Concerns
Tesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Tesla chief executive Elon Musk said in […]
Gas Prices Rise, Demand Spikes After Pipeline Hack
A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock. As of 4 pm ET Tuesday, 8.5% of gas stations in […]
Malabu Oil Deal: JPMorgan Was Warned $875m Payment to Former Nigeria Oil Minister Etete Was Graft Risk
JPMorgan Chase & Co. was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to former Nigerian oil minister Dan Etete. The internal memo is set to be scrutinized in a London lawsuit brought by the West African nation. […]
CBN Governor Rejects The Prospect Of Raising Ban On Maize Import
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has on Thursday rejected the prospect of raising the current import ban placed on maize. On the same day, the Rice Processors Association of Nigeria (RIPAN) disagreed with a directive by Senate Committee on Ethics, Privileges, and Public Petitions to Nigeria Customs Service […]
CBN Receives Applause From Connoisseurs Over The Extension Of The Naria4Dollar Scheme
Connoisseurs on Thursday applauded the Central Bank of Nigeria (CBN) for extending the Naira4Dollar scheme required to close on May 8. The experts gave the appreciation in an interview with the News Agency of Nigeria (NAN) in Lagos. The apex bank had on Thursday in a circular titled “Re: Introduction of the CBN’s “Naira4Dollar Scheme” […]
No End In Sight To The Plight Of Nigerian Traders In Ghana
Nigerians’ Shops Remain Shut In Ghana, five months after a series of bilateral talks between the Nigerian government and authorities in Ghana aimed at addressing the nearly a decade-long controversy that led to the closure of Nigerian traders’ shops in Ghana, the issues have not been resolved. Dozens of shops belonging to Nigerians are still […]
4 Trucks With Suspected Stolen Petroleum Products Apprehended By IPMAN
The Independent Petroleum Marketers Association of Nigeria, IPMAN has apprehended four trucks loaded with stolen Automotive Gas Oil, AGO. The suspects, (names withheld) with vehicle registration numbers: NSR 357 G, KT650ZZ, GXH27XA, and XD242HAG respectively were arrested at the Delta State Polytechnic Community of Uzoro in the early hours of yesterday on their way to […]
NDPHC, NCP Approves The Sales Of Five Power Generating Companies In Nigeria
The Niger Delta Power Holding Company, NDPHC, Board of Directors, and the National Council on Privatisation have approved the sale of five generating companies in the country through a competitive bidding process. This is coming even as the Bureau of Public Enterprises, BPE has called on prospective investors to express interest in purchasing 100 percent […]
I Acted in First Bank’s Interest, Sacked Chairman Awosika Says
The sacked Chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika, has said she acted in truth and honesty in the interest of the bank, its stakeholders, and Nigeria during her 11 years sway at the institution. Awosika said this in a statement titled, “My FBN Group Journey,” she posted on Instagram at the weekend. […]
SEC Retains The Continuance Of OANDO PLC AGM Suspension
The Securities and Exchange Commission, SEC, has retained the suspension of the Annual General Meeting of Oando Plc in 2017 despite a recent court ruling. SEC in a statement on Friday said due to conflicting courts ruling in cases challenging its directives, the suspension order remains. The Commission stated: “Given the conflicting judgments of the […]
