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Author: Yetty
The United States Department of Justice (DOJ) has issued an international arrest warrant for Changpeng Zhao (CZ), the chief executive officer of Binance, the world’s largest cryptocurrency exchange. The DOJ alleges that Binance has engaged in money laundering and sanctions evasion, and it is seeking to extradite Zhao to the United States to face trial. The arrest warrant comes as part of a wider investigation into Binance’s activities. The DOJ has accused the company of operating a complex network of shell companies and bank accounts to launder billions of dollars in illicit funds. Binance has denied these allegations, claiming that…
The Nigerian Immigration Service (NIS) has announced the deportation of 61 foreign nationals in August 2024 for violating immigration laws. The move is part of the service’s ongoing efforts to curb irregular migration and ensure that foreigners residing in Nigeria do so legally. According to a statement released by the NIS, the deported individuals were apprehended for various immigration offenses, including overstaying their visas, working without valid permits, and engaging in illegal activities. The service also stated that it issued 8,352 visas on arrival to travelers during the same period, highlighting its commitment to facilitating legitimate travel to Nigeria. The…
As the new academic year commences, Nigerian parents, students, and teachers are bracing for a challenging period due to the soaring cost of petrol. The skyrocketing fuel prices have triggered a ripple effect, impacting transportation, food, and other essential commodities, making it difficult for many to afford the expenses associated with education. The burden of rising fuel costs falls heavily on parents, who are grappling with the increased cost of transporting their children to and from school. For those living in urban areas, the reliance on public transportation has become a significant financial strain. The surge in fuel prices has…
‘Petrol Nigeria Consumes Daily Dropped to 30m Liters, Then Dramatically Went Up to Over 60m’
The Nigerian National Petroleum Company Limited (NNPC) has revealed a significant fluctuation in the country’s daily petrol consumption. According to the NNPC, consumption dropped to as low as 30 million liters per day before experiencing a dramatic surge to over 60 million liters per day. This unexpected increase has raised concerns about the adequacy of fuel supply and the potential impact on the economy. The decline in petrol consumption can be attributed to several factors, including the introduction of the subsidy removal policy and the subsequent increase in fuel prices. The policy, implemented in early 2024, aimed to reduce the…
Nancy Isime, the renowned Nigerian actress, model, and TV host, has revealed the driving force behind her early career start. In a recent interview, she shared her motivations for entering the workforce at the tender age of 17, showcasing her determination and ambition. Isime explained that her decision to embark on a professional journey at such a young age was primarily driven by a strong desire for financial independence. She recognized the challenges that many young people face in securing stable employment and wanted to take proactive steps to secure her future. “I have been working since I was 17,…
Nigeria’s non-oil exports have surged to $2.7 billion in the first half of 2024, marking a significant increase from the previous year. This positive trend underscores the country’s growing diversification efforts and its potential to reduce its reliance on oil revenue. The Nigerian Export Promotion Council (NEPC) released the figures, highlighting the contributions of various sectors to the export boom. Agricultural products, including cocoa, sesame seeds, and cashew nuts, accounted for a substantial portion of the non-oil exports. Other key sectors contributing to the increase were minerals, chemicals, and manufactured goods. The surge in non-oil exports is a testament to…
Huang Chi-hsien, the Chairman of the Taiwan Trade Council, has commended Nigeria for the significant strides it has made in improving its business environment. Huang, who was speaking at a recent business conference in Taipei, highlighted the country’s progress in various areas, such as infrastructure development, regulatory reforms, and investment promotion. Huang’s comments reflect the growing interest of Taiwanese businesses in the Nigerian market. Taiwan has been a significant investor in Nigeria, with Taiwanese companies operating in a wide range of sectors, including manufacturing, technology, and services. The Chairman’s positive assessment of Nigeria’s business environment is a testament to the…
The Super Eagles of Nigeria kicked off their 2025 Africa Cup of Nations (AFCON) qualifying campaign with a convincing 2-1 victory over Benin Republic in their opening match. A brace from Emmanuel Dennis and a goal from Victor Osimhen secured the win for Nigeria, who dominated the game from start to finish. The match, played at the Moshood Abiola National Stadium in Abuja, was a physical encounter with both teams showing their determination to secure a positive result. However, it was Nigeria that proved to be the more clinical, converting their chances into goals. Dennis opened the scoring for Nigeria…
Aliko Dangote, the billionaire businessman and owner of the Dangote Refinery, has expressed optimism about the imminent availability of refined petrol from his facility. In a recent interview, Dangote revealed that the refinery is nearing completion and could start supplying fuel to the Nigerian market within 48 hours. This announcement comes as a significant relief to Nigerians who have been grappling with fuel shortages and rising prices in recent months. The Dangote Refinery, once fully operational, is expected to significantly boost Nigeria’s domestic fuel production capacity and reduce the country’s dependence on imported petroleum products. Dangote emphasized that the refinery…
The 81st Venice Film Festival, held from August 28 to September 7, 2024, showcased a diverse array of cinematic masterpieces from around the world. The prestigious event culminated in a glittering awards ceremony, where the most outstanding films and performances were recognized. Golden Lion for Best Film: The Room Next Door (Pedro Almodóvar, Spain) This poignant drama, starring Tilda Swinton and Julianne Moore, explores themes of friendship, loss, and the complexities of human relationships. Almodóvar’s masterful direction and the powerful performances by the lead actresses earned the film the highest honor of the festival. Silver Lion for Best Director: Brady…