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Federal Government to Arraign Binance and its Escaped Executive over Alleged Tax Evasion

The Federal Government is set to arraign cryptocurrency platform Binance Holdings Limited and two of its officials who were arrested in Nigeria: Tigran Gambaryan and Nadeem Anjarwalla who recently fled the country and is on the run. The arraignment of the entities is on a 4-count charge bordering on tax evasion. Binance, Gambaryan, and Anjarwalla, listed […]

Kaduna Governor Announces Free Education for Rescued Kuriga Students

Kaduna State Governor Uba Sani has launched an initiative to provide free education to the recently rescued Kuriga school children under his foundation. In addition to offering free education, Governor Uba Sani also pledged to oversee the reconstruction of both the primary and government secondary schools in Kuriga, following their damage in the recent bandits’ […]

Lagos To Experience Abnormal Rainfall from April to December, Commissioner Warns

Tokunbo Wahab, the Commissioner for Environment and Water Resources in Lagos State has issued a cautionary statement indicating that the state is poised to encounter abnormal rainfall patterns throughout 2024, with a forecasted total of 1936.2 mm of precipitation. Wahab conveyed this information during a news conference focused on the 2024 Seasonal Climate Predictions (SCP) […]

Nigeria’s Public Debt Stock Jumps to 97.34 Trillion Naira

Nigeria’s public debt stock has increased to N97.34 trillion (108.23 billion dollars) in the fourth quarter of 2023, up from N87.91 trillion (114.35 billion dollars) in the third quarter of 2023. The National Bureau of Statistics disclosed this in its Nigerian Domestic and Foreign Debt Report for Q4 2023 released in Abuja, indicating a 10.73 […]

Naira Strengthens as CBN Sells Dollars to BDCs at N1,251/$1

In a significant move aimed at stabilizing the currency market, the Central Bank of Nigeria (CBN) has initiated the sale of dollars to Bureau De Change operators (BDCs) at a favorable rate of N1,251 per dollar. Each BDC has been allocated $10,000 for this purpose, as indicated in a recent circular issued by the CBN. […]