House seeks arrest of Binance executives over FOREX rate manipulation 

Crime & SecurityNewsNigeriaHouse seeks arrest of Binance executives over FOREX rate manipulation 

By Ezinwanne Onwuka (Senior Reporter)March 5, 2024

The House of Representatives Committee on Financial Crimes is on the verge of calling for the arrest of Binance’s CEO, Richard Teng and other senior executives, over allegations of terrorist financing, money laundering, and tax evasion. Binance, the world’s largest cryptocurrency company, has been flagged by the Central Bank of Nigeria, CBN, for its alleged illicit activities. The CBN says Binance manipulated foreign exchange rates through currency speculation and rate-fixing, which have seen the naira...

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“Nigeria is open for business,” Tinubu tells foreign investors in Qatar

NewsNigeriaPolitics“Nigeria is open for business,” Tinubu tells foreign investors in Qatar

By Ezinwanne Onwuka (Senior Reporter)March 4, 2024

President Bola Tinubu is urging foreign investors to troop into Nigeria despite the economic uncertainties in the country. Tinubu marketed Nigeria to Arab investors at the Nigerian-Qatar Business and Investment Forum in Doha, on Sunday, saying that his reforms in the last nine months favour innovation and investments. “I am here to give you the assurance that reforms are going on; forget about whatever you heard in the past. Whatever the obstacle or problem that...

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Edo youths on vengeance mission kill 2 policemen 

Crime & SecurityNewsNigeriaEdo youths on vengeance mission kill 2 policemen 

By Ezinwanne Onwuka (Senior Reporter)March 4, 2024

Two policemen on escort duty were on Saturday beaten to death by a group of irate youths in Edo State. Two other officers were seriously wounded. The mob descended on the policemen after they ran over a commercial motorbike, killing the driver along with a woman and her child. An alarm was raised by eyewitnesses and as angry youths started to run to the scene of the accident, the policemen fled to a nearby vigilante...

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Shettima to Nigerians: Express your grievances in a responsible and mature manner

NewsNigeriaPoliticsShettima to Nigerians: Express your grievances in a responsible and mature manner

By Ezinwanne Onwuka (Senior Reporter)March 4, 2024

Vice-President Kashim Shettima has appealed to Nigerians to make known their grievances against the government “in a responsible and mature manner.” In recent weeks, there have been protests across Nigeria as Nigerians express their frustrations over various government policies that have brought about untold hardship. Shettima acknowledged that the reforms are “more telling on the poor”, but added that they were necessary. “If there are easier and reliable alternatives to the policy choices we have...

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Hunger crisis provoke looting of Abuja warehouse

Crime & SecurityNewsNigeriaHunger crisis provoke looting of Abuja warehouse

By Ezinwanne Onwuka (Senior Reporter)March 3, 2024

Some residents of the Federal Capital Territory, FCT, on Sunday morning, broke into a government food storage facility to loot stored food items. The warehouse came under siege at about 7:00 a.m. The people, numbering hundreds, exploited the near-total absence of the police and other security personnel to raid the building. A video shared on social media showed people leaving the facility with bags of grains even as others were rushing to the warehouse to...

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Nollywood in grief as Mr Ibu passes on

NewsNigeriaNollywood in grief as Mr Ibu passes on

By Ezinwanne Onwuka (Senior Reporter)March 2, 2024

John Ikechukwu Okafor, the Nollywood actor popularly known as Mr Ibu, is dead. The veteran actor died on Saturday, according to Emeka Rollas, the President of Actors Guild of Nigeria, AGN. Rollas said Okafor suffered a cardiac arrest in the early hours of Saturday. He was rushed to the hospital where he died. As of the time of the report, the family of Okafor has yet to release a formal statement, but tributes have started...

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“Give Tinubu more time to fix Nigeria”, Information Minister urge Nigerians

NewsNigeriaPolitics“Give Tinubu more time to fix Nigeria”, Information Minister urge Nigerians

By Ezinwanne Onwuka (Senior Reporter)March 1, 2024

President Bola Tinubu’s government is asking Nigerians to be patient while the President works to address the present economic challenges. President Tinubu set about reforming Nigeria’s economy at breakneck speed on his first day in office as the country’s president on 29 May 2023. But the reforms are yet to yield the desired results, adding to the frustrations of Nigerians. Minister of Information and National Orientation, Mohammed Idris said yesterday that the worsening inflation that...

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Military killed 974 terrorists in February: Defence Headquarters

Crime & SecurityNewsNigeriaMilitary killed 974 terrorists in February: Defence Headquarters

By Ezinwanne Onwuka (Senior Reporter)February 29, 2024

A total of 974 terrorists were gunned down in different parts of Nigeria in February as the Nigerian Armed Forces maintained its aggressive posture against terrorists. Defence Headquarters spokesman Major General Edward Buba said on Thursday that among the slain terrorists were three top commanders of the Islamic State of West Africa Province, ISWAP jihadists called Abacha, Bakura, and Babangida. The trio along with 22 of their fighters were killed in a lethal airstrike after...

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Bandits kidnap 30 Muslims during prayers in Zamfara

Crime & SecurityNewsNigeriaBandits kidnap 30 Muslims during prayers in Zamfara

By Ezinwanne Onwuka (Senior Reporter)February 29, 2024

Fear has gripped the Tsafe community in Zamfara State following an early morning Thursday attack that saw no fewer than 30 civilians taken hostage and marched to an unknown destination. The attack occurred at 5:00 a.m. at about the time Muslim locals had gathered at the community’s mosque for prayers. The bandits, who came heavily armed, caught the worshippers off guard, firing bullets indiscriminately to subdue any form of resistance. “We were about to begin...

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Nigeria imposes mandatory levy on organisations employing foreigners

NewsNigeriaNigeria imposes mandatory levy on organisations employing foreigners

By Ezinwanne Onwuka (Senior Reporter)February 29, 2024

The Nigerian government had announced a new policy that would reduce the imported workforce in Nigeria while providing more job opportunities for Nigerians. Foreign companies will now be required to pay US$15,000 (N24,459,900) for expatriate directors and US$10,000 (N16,306,600) for other categories of workers. The levy applies to employees who work for at least 183 days in a year. Organisations or individuals failing to comply with the scheme face fines or a jail term of...

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