In a recent ruling at the Ikeja Special Offences Court, a 25-year-old man, Babatunde Shittu, was sentenced to one year in prison for engaging in and benefiting from a $5,000 cryptocurrency fraud scheme. Shittu, who had falsely portrayed himself as a cryptocurrency investor and produced fraudulent documents to defraud the public, pleaded guilty to the Read More…
The Lagos State Government has earmarked N4.64 billion to enhance tourist sites in the state in the current year. Mrs. Toke Benson-Awoyinka, the Commissioner for Tourism, Arts and Culture, made this announcement during the groundbreaking ceremony for the $100 million Lagos Film City in Ejinrin-Epe. Benson-Awoyinka highlighted that several tourist sites, including the J.Randle Centre Read More…
The Federal Government has announced a delay in the commencement of operations for the newly approved universities approved by the Muhammadu Buhari administration, a decision prompted by the need for adequate funding to ensure effective and efficient educational programmes. Minister of Education Tahir Mamman revealed this following a meeting with President Bola Tinubu in Abuja. Read More…
The President of the Renewable Energy Association of Nigeria (REAN), Mr. Ayo Ademilua, has revealed that there are substantial funds amounting to approximately $80 million available for energy projects in Nigeria through various investors. Ademilua made this announcement during the Renewable Energy Investment Matchmaking event held in Lagos with the theme “Energising Partnerships: Connecting Investors Read More…
Heirs Holdings Oil & Gas Ltd. has undergone a transformation and rebranded as Heirs Energies Ltd., complete with a refreshed logo and colour scheme. The change, according to a statement from Mr. Tony Elumelu, Chairman of Heirs Energies, is designed to align with Africa’s distinctive energy requirements and a sustainable approach. Elumelu highlighted the urgency Read More…
Amidst the Nigerian dispute and other challenges faced by women’s football teams, FIFA Chief Women’s Football Officer Sarai Bareman emphasised the crucial need for national football associations to adequately support their women’s teams. Speaking at the Leaders sports business conference in London, Bareman underscored that for female players to reach their full potential, consistent backing Read More…
Nigeria has unveiled stricter licencing regulations for foreign mining companies, aimed at compelling them to enhance in-country processing and refining of metals such as lithium and zinc, according to the Minister of Mines, Dele Alake. Speaking at a Nigeria Mining Week event in the capital city of Abuja, Alake disclosed the government’s new policy, requiring Read More…
A strike on a Gaza hospital killed hundreds of Palestinians, deepening tensions in the Middle East and raising the stakes for U.S. President Joe Biden as he flies to Israel on Wednesday to signal support for its war against Hamas. Palestinian officials said an Israeli air strike hit the hospital, with the Palestinian Authority’s health Read More…
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced its intention to revise sanctions for exporters of substandard products. Prof. Mojisola Adeyeye, Director-General of NAFDAC, conveyed this decision during a press conference on Tuesday. She expressed her dismay at the high rate of substandard goods being rejected in foreign countries and Read More…
Vice President Kashim Shettima has lauded the BudgIT Foundation Nigeria for its exemplary work in budget tracking and advocating transparency, stating that their report will establish a new benchmark for responsibility and accountability in the country’s public finance. Shettima, represented by his Special Adviser on Economic Affairs, Dr. Tope Fasua, made these remarks during the Read More…
