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Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy the Nigerian economy. He said the website would do this by arbitrarily fixing foreign exchange rate. Onanuga said this when he appeared on Channels Television’s Politics Today programme on Wednesday. “We have saboteurs. Look …

Steve Ayorinde, former Lagos commissioner for tourism, says people who are against the regulation of social media do not want to be held accountable for their actions online. Ayorinde spoke on Wednesday at a photo exhibition organised to mark the 50th anniversary of Punch newspapers. Punch is celebrating its 50th …

Bank depositors whose accounts do not have a Bank Verification Number (BVN) or National Identity Number (NIN) or both risk having them frozen in compliance with the Central Bank of Nigeria’s (CBN) directive which takes effect on Friday, March 1, 2024. The apex bank on December 2, 2023, directed all …

About 11.2 million active Subscriber Identity Module (SIM) cards yet to be linked to their owners’ National Identity Numbers (NINs) will be blocked today. Telecom operators, who confirmed this to Daily Trust yesterday, said this was in compliance with the directive by the Nigerian Communications Commission (NCC). The Executive Vice …

The Nigerian Army 6 Division, Port Harcourt, Rivers State, has discovered over 40 crude oil wells in Rumuekpe community, Emohua local government area of the state. The uncovered wells, which are about 40 feet deep, were described as the latest technique criminals deploy in stealing crude oil from underground in …

MTN Logo MTN Nigeria said it is aware that there has been a service outage and its engineers are working to get it resolved. At about 1:39 pm on Wednesday, MTN customers across Nigeria started witnessing disruptions in both voice and data services. But the country’s biggest telecom service provider said …

Gbenga Komolafe, NUPRC Chief Investment Officer The Nigeria Upstream Petroleum Regulatory Commission has said that about 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn. The NUPRC Chief Executive, Gbenga Komolafe, disclosed this during a …

The Force Public Relations Officer, Muyiwa Adejobi The  Force Public Relations Officer, Mr Muyiwa Adejobi, says the security situation in Nigeria is getting better. “The security situation is getting better; I don’t agree that it is getting worse. It is improving,” Adejobi told newsmen in Ibadan on Wednesday. He was …

  President Tinubu President Bola Tinubu will fly out to Qatar on Thursday to honour an invitation by His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar. A statement issued by presidential spokesman, Ajuri Ngelale on Wednesday said Tinubu would depart Lagos State and embark …

The House of Representatives is set to probe the alleged N1.8 trillion tax owed to the Federal Government by Multichoice Group, the operator of DSTV and GoTV. The resolution followed the adoption of a motion by Rep. Saidu Abdullahi (APC-Niger) at a plenary in Abuja on Wednesday. Moving the motion, …