After 15 days of trial and about four and a half hours of jury deliberations, Sam Bankman-Fried, the founder of crypto exchange FTX, was found guilty on seven counts of fraud and conspiracy in connection to the exchange’s collapse. The … Continue reading Former crypto billionaire, Sam Bankman-Fried, convicted of seven counts of fraud
The Court of Appeal in Lagos has rejected Stella Oduah’s appeal challenging the outcome of the February 25, 2023 Anambra North Senatorial District election, where Tony Nwoye of the Labour Party emerged as the victor. Earlier, the National Assembly Election … Continue reading Court of appeal upholds Tony Nwoye’s election victory, rejects Stella Oduah’s appeal
The Agriculture Development Farmers Association of Oyo State is calling on the Central Bank of Nigeria to significantly reduce lending rates to stimulate food production. The association’s Chairman, Salihu Imam, emphasized that a substantial reduction in lending costs would accelerate … Continue reading Farmers advocate interest rate reduction to enhance food security
The House of Representatives, in an effort to combat the rising incidence of malaria in the country, suggested that declaring a state of emergency on the disease might be a prudent move. During the inaugural meeting of the Committee on … Continue reading Reps urges FG to subsidize malaria drugs
A Lagos State High Court situated in Tafawa Balewa Square sentenced a 24-year-old motorcycle (Okada) rider, Idris Agunbiade, to 21 years in prison for his involvement in an armed robbery case. Justice Sherifat Sonaike delivered the sentence, finding Agunbiade guilty … Continue reading Okada rider receives 21 year prison sentence for armed robbery
Nigeria’s Vice President, Kashim Shettima, has reached out to the United States government for support in addressing pressing challenges in the country’s agricultural sector. During a meeting with Cary Fowler, the U.S. Special Envoy for Global Food Security, Vice President … Continue reading Nigeria seeks partnership with U.S. to enhance food security
The Nigeria Customs Service’s Lilypond Terminal in Lagos has facilitated the export of 12,438 containers worth $519 million between January and September 2023, according to a statement by the National Public Relations Officer of the service, Abdullahi Maiwada. The Customs … Continue reading Customs facilitates export of 13,000 containers in nine months at terminal
By Timilehin Agunbiade In the late 19th and early 20th centuries, a peculiar belief gripped the New England region of the United States. It was a belief that deceased family members who had died from a strange illness were rising … Continue reading Americans really thought they were at war with vampires. Read full story!
UK Prime Minister Rishi Sunak, after attending the nation’s first AI safety summit, addressed concerns about the impact of AI on jobs. He reassured the public that education reforms will enhance skills and make people more adaptable to AI technology. … Continue reading Education key to mitigating AI impact on jobs – Rishi Sunak
Despite strong demand for its iPhones and services like Apple TV+, Apple’s sales have continued to decline. The tech giant reported a 1% dip in revenues, reaching $89.5 billion for the three months ending on September 30, compared to the … Continue reading Apple’s revenues drop 1% despite iPhone demand and strong services growth
Henrietta Rushwaya, the President of the Zimbabwe Miners Federation, has been found guilty of attempting to smuggle 6 kilograms of gold to Dubai. The incident occurred on October 26, 2020, at Robert Gabriel Mugabe International Airport. Security officers at the … Continue reading Zimbabwe miners federation president convicted for gold smuggling attempt
The Zambian government has taken swift action to withdraw the retirement benefits and privileges of former President Edgar Lungu following his decision to re-enter active politics. Lungu, who previously served as president before losing the 2021 election to Hakainde Hichilema, … Continue reading Zambia revokes ex-president Lungu’s retirement benefits as he returns to politics
Hundreds of foreign nationals and dozens of seriously injured Palestinians have been permitted to leave Gaza. This marks the first time such departures have occurred since the conflict began over three weeks ago. The individuals exited through the Rafah border … Continue reading Humanitarian aid demands in Gaza rise with death toll surpassing 9,000
Uganda’s Energy Minister presented a bill to parliament, aiming to grant exclusive importation rights for petroleum products in the country to Bahraini firm Vitol. The proposed changes to the petroleum law have already been approved by Uganda’s cabinet. Historically, the … Continue reading Uganda strikes petroleum importation deal with Bahraini company
The Governor of Zamfara State, Dauda Lawal, expressed his condolences to the National Youth Service Corps (NYSC) regarding the abduction of prospective corps members in the state several months ago. Governor Lawal conveyed his sentiments during a visit to the … Continue reading Gov. Dauda Lawal expresses sympathy over abducted corps members
The National Human Rights Commission (NHRC) has strongly criticized the assault on the President of the Nigeria Labour Congress (NLC), Mr. Joe Ajaero, in Owerri, Imo State, which occurred on Wednesday. In response to the reported attack, the NHRC emphasized … Continue reading NHRC denounces attack on NLC president as democracy breach
The Nigerian naira has exhibited a positive trend, strengthening to N1,120 against the US dollar in response to news that the Central Bank of Nigeria (CBN) initiated the clearance of some of its foreign exchange (FX) backlog. This marks a … Continue reading Naira bounces back as CBN resolves forex debt backlog
The 2023 presidential candidate of the Labour Party, Peter Obi, has pinpointed poor planning and bad leadership as the principal causes of Nigeria’s current challenges. Speaking at a colloquium and Hall of Fame event honoring the National Chairman of the … Continue reading Peter Obi attributes Nigeria’s challenges to inadequate planning and leadership
The Edo State Government has forged a strategic partnership with Sunora Foods to enhance palm oil production in the region. This collaboration is expected to result in a substantial investment of $100 million and the creation of 25,000 job opportunities … Continue reading Edo state partners with palm oil company to boost production
Osun State Governor Ademola Adeleke has given his approval for the appointment of a total of 309 individuals to various non-statutory boards, as well as chairmen, secretaries, and members of Local Government Education Boards. The official announcement, made by the … Continue reading Adeleke appoints 309 board chairmen and members
On Thursday, both the Senate and the House of Representatives successfully passed the N2.17 trillion 2023 supplementary appropriation bill following a thorough legislative process. Before the bill’s passage, the Senate adopted the report derived from the harmonized sessions of both … Continue reading National assembly passes N2.17 trillion 2023 supplementary budget
Nollywood actress Iyabo Ojo has raised fresh allegations against embattled singer Azeez Fashola, popularly known as Naira Marley. Ojo claims that the Marlian Music boss secretly added illicit substances to her children’s food and beverages during their visits to his … Continue reading Iyabo Ojo alleges Naira Marley drugged her children’s food with illicit substances
Comedian Ayo Makun, widely recognized as AY, has refuted allegations of portraying Seun Kuti’s daughter as a dog in one of his comedy skits. The dispute between the two personalities emerged after Seun Kuti disclosed that he mocked AY due … Continue reading Comedian AY denies referring to Seun Kuti’s daughter as a dog
The House of Representatives has excluded the controversial N5 billion allocation for a presidential yacht from the 2023 supplementary budget. The budget was approved on Tuesday by the House following the endorsement of the report submitted by Abubakar Bichi, the … Continue reading Reps removes N5bn presidential yacht from budget, boosts student loans
JP Morgan, a US multinational financial services firm, has projected that the Nigerian naira will trade at N850/$ at the Investors’ and Exporters’ Forex window by the conclusion of 2023. The financial institution also believes that the recent efforts to … Continue reading JP Morgan forecasts naira to reach N850/$ by December
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