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A major internet outage hit most parts of Africa on Thursday, affecting banking operation and other services. The outage extends beyond Nigeria, Ghana, Guinea,  Cameroon, Ivory Coast, Liberia Gambia among others, South African internet users also experienced slow speeds and unresponsive internet.  According to news24, Vodacom confirmed that multiple subsea cable failures between South Africa and […]

Access Holdings Plc, has announced the appointment of Aigboje Aig-Imoukhuede as Non-Executive Chairman of its Board of Directors. This is coming just a month after the death of the immediate past Group Chief Executive Officer of Access Holdings, Herbert Wigwe.  Aig-Imoukhuede replaces Abubakar Jimoh, who remains on the Board as an Independent Non-Executive Director.  In […]

Bitcoin (BTC) soared above $71,000 on Monday, attaining a new all-time high price of $71,850 across exchanges as investors continued to pump money into spot Bitcoin exchange-traded funds (ETFs).  Bitcoin has been steadily rising since the approval of the spot bitcoin exchange-traded funds in the U.S. The token crossed $70,000 for the first time ever last […]

Cryptocurrency, Bitcoin saw its price soar to a new all-time high record of $69,170.63 on Tuesday afternoon. The new pricing exceeded the record high of $68,999.99 set in November 2021. The development comes as investors began to seriously consider U.S. spot exchange-traded cryptocurrency products due to worries that interest rates could drop globally. For instance, […]

The Bank of Ghana has announced the suspension of the Foreign Exchange Trading Licenses of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited. The suspension, effective from March 18, 2024, will last for one month. This action was taken in response to several breaches of foreign exchange market regulations, including instances […]

Binance will discontinue all services for Nigeria’s fiat currency, the Naira, following the ongoing regulatory onslaught on the firm by the Nigerian authorities. The crypto exchange will automatically convert Naira balances to US Dollar Tether (USDT) from March 8 but will cease support for deposits after today. Withdrawals will become unsupported after March 8 by […]

The Central Bank of Nigeria (CBN), on Friday concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise. The apex bank had offered N500bn at the Open Market Operations (OMO) auction. However, there was significant interest from investors, thus oversubscribing the bills, selling N1.053trn […]

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Kelvin Oye Esq., has given a final resolution on the NACCIMA-Qatar Chamber of Commerce Business Summit, slated to take place on March 3, 2024, at the Grand Sheraton, Doha, Qatar. In a statement, Oye said the misunderstanding surrounding […]

The Federal Competition and Consumer Protection Commission (FCCPC), has sealed off the head office of Sahad supermarket/stores over customers extortion and lack of transparency in prices. Dr Adamu Abdullahi, the Acting Executive Vice Chairman of FCCPC, while sealing off the premises in Abuja on Friday, said the act was an obnoxious practice which amounted to […]

The Nigerian Upstream Regulatory Commission (NUPRC), has started the process to relocate some departments to Lagos from Abuja three years after its headquarters was moved to the nation’s capital. Formerly named the Department of Petroleum Resources (DPR), the NUPRC monitors the oil and gas industry to ensure compliance with relevant regulations and laws, as well […]

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The Federal High Court, Abuja, has ordered a cryptocurrency firm, Binance Holdings Limited to provide the Economic and Financial Crimes Commission (EFCC) with comprehensive information on all persons from Nigeria trading on its platform. Justice Emeka Nwite granted the interim order after ruling on the ex-parte motion moved by EFCC’s lawyer, Ekele Iheanacho. The interim […]

The Defence Headquarters (DHQ ) has unveiled the identity of officers and soldiers killed on peaceful and mediatory mission, after a reported case of communal clash between Okuama and Okoloba Communities in Ughelli South and Bomadi LGAs of Delta state. They were unveiled on the Whatsapp platform of Directorate of Defence Information of Defence correspondent […]

The Nigerian Communications Commission (NCC), says the recent undersea cable cuts, which had impacted voice and data services, have now been largely resolved. Utilisation levels have reportedly reached around 90 per cent of their peak capacity, providing much-needed relief to affected subscribers. DIPLOMATIC DIARY had on Thursday, March 14, reported that a widespread disruption of […]

President Bola Tinubu has assured Senator Monday Okpebholo, candidate of the All Progressives Congress (APC) in the September 21 gubernatorial election in Edo State, and his running mate, Honourable Dennis Idahosa, of the party’s support, saying we will stand with you ”like the wall of Gibraltar”. Speaking on Monday in Abuja when he presented the […]

Tension is building up in the Central Bank of Nigeria (CBN) as the spex bank moved to disengaged 19 direcors. Reliable sources familiar with the internal workings of the bank, said seven of the affected officials have already received disengagement notices since March 15th, 2024. The remaining 12 directors who are yet to receive their […]

Drama continues to unfold in the All Progressives Congress (APC) ahead of the September 21 gubernatorial election in Edo State. The party had conducted a primary governorship election supervised by Imo State governor Hope Uzodimma where Dennis Idahosa emerged as governorship candidate of the APC for the Edo State election. While the process was invalidated […]

The heightened insecurity in Nigeria, escalated on Sunday night as armed bandits reportedly attacked Kajuru-station, Tantatu ward in Kajuru local government area of Kaduna state, abducting at least 87 persons. Harisu Kajuru, a resident of one of the affected communities, told newsmen on Monday, that among the kidnapped victims wer minors, including babies. This incident […]

President Bola Tinubu has approved the reappointment of Idris UsmYau as Director General of the Nigerian Nuclear Regulatory Authority (NRA). According to a statement issued by the Acting General Manager, Information Unit of NNRA, Mrs Ekaette Bassey, the reappointment was contained in a Letter from the Minister of State Petroleum Resources, Senator Heineken Lokpobiri. The […]

The Joint Action Committee (JAC) of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU), has directed its members to proceed on a seven-day nationwide warning strike from Monday, 18th March. The labour union in a statement, jointly signed by NASU general secretary, Peter Adeyemi […]

Nigeria on Sunday extended its condolences to the government and people of the Republic of Ghana on the death of its High Commissioner to Nigeria, Rashid H.E Bawa. Bawa died in Abuja on Thursday after a brief illness. The Federal Government, in a statement signed by the spokesperson, Ministry of Foreign Affairs, Francisca Omayuli, said […]

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