Officials from the Kwara State Ministry of Environment have sealed a cold room in Ilorin, the state capital, after discovering that spoiled fish were being sold there to unsuspecting residents. According to reports, environmental officers intercepted a batch of spoiled fish and subsequently traced its source to the cold room, which was then shut down.…
U.S. President Donald Trump has granted a pardon to Changpeng Zhao, the co-founder of global cryptocurrency exchange Binance, who pleaded guilty to a money laundering charge in 2023, according to two sources familiar with the matter. In a statement, White House Press Secretary Karoline Leavitt said President Trump “exercised his constitutional authority by issuing a…
The Naira continued to trade at a wide margin between the official and parallel foreign exchange markets on Sunday, October 19. On the official Nigerian Foreign Exchange Market (NFEM), the Naira hovered in the mid-₦1,400s per dollar, while black market (parallel market) rates ranged between ₦1,485 and ₦1,500. This persistent gap between the official rate…
Elon Musk and his social media company, X (formerly Twitter), have reached a settlement with four former top executives over a dispute involving $128 million in severance pay. The group—former CEO Parag Agrawal, CFO Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett—sued the company in 2024. They alleged Musk withheld…
The Central Bank of Nigeria (CBN) has introduced a new regulatory framework for agent banking nationwide to enhance service quality, protect consumers, and promote financial inclusion. In a circular signed by Musa Jimoh, Director of the CBN’s Payments System Policy Department, the bank announced that the updated rules would take immediate effect, with certain provisions…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has explained the reasons behind the recent increase in cooking gas prices across the country. In an interview with State House correspondents, Ojulari attributed the price hike to the temporary disruption in operations caused by last week’s strike by…
The Nigeria Data Protection Commission (NDPC) and Meta Platforms Inc. have entered advanced negotiations to resolve their legal dispute over a $32.8 million fine and several compliance directives issued against the tech company for alleged violations involving Nigerian users’ data. At a Federal High Court hearing in Abuja on Friday, lawyers for both parties informed…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has announced the suspension of its nationwide strike, which began on Monday, September 27, following a dispute with Dangote Refinery and Petrochemical. PENGASSAN President, Comrade Festus Osifo, made the announcement in Abuja this afternoon, explaining that the decision to suspend the strike was made…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed all its members to commence a nationwide strike starting Monday, September 29, 2025, in response to the dismissal of over 800 workers by Dangote Refinery. PENGASSAN condemned the recent mass sack of Nigerian employees at Dangote Refinery as a gross violation of…
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has cancelled 1,263 mineral licenses due to operators failing to pay their annual service fees as required by law. The announcement was made in Abuja on Sunday, September 21, through a statement from the minister’s media aide, Segun Tomori, following recommendations from the Mining Cadastral Office (MCO).…
