The Minister of States for Petroleum, Timipre Sylva has rejected the increase in the price of petrol as announced earlier by the Petroleum Products Pricing Agency (PPPRA). Recall that after the Nigerian National Petroleum Corporation restated that the price of petrol has not been increased following an outcry the report incited, the PPPRA deleted the post from its…

OAP Nedu has cried out after being served an estimated electricity bill of N1.4m. The media personality who called out Eko Electricity Distribution Company over the bill, stated that he doesn’t have a factory in his house that will make him get such bill. Nedu wrote; @ekedc you people should kuku come and…

Billionaire, Elon Musk bounced back strongly to become the world’s richest man after a daily gain of $9.81 billion on Wednesday, February 24. Tesla, Musk’s company surged back to $190 billion, after the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at $712 billion coupled with the…

The Central Bank of Nigeria is maintaining its stand on the ban on Cryptocurrency. The governor of the apex bank, Godwin Emefiele, who appeared before the Senate Joint Committee on Banking, Insurance, and other financial institutions on Tuesday, February 23, said that money laundering, terrorism financing, and other criminal activities were being carried out…

Former Minister of Agriculture and President of the African Development Bank Group, Dr. Akinwumi Adesina has said that the restructuring of Nigeria should be driven by economic and financial viability. In a public lecture titled ‘Toward a New Nigeria From Federal Fatherism to a Commonwealth’ and delivered virtually from the base of the African…

Billionaire businessman, Jimoh Ibrahim’s application for a Lagos Division of the Federal High Court to vacate an interim order used by the Asset Management Corporation of Nigeria (AMCON) to seize his properties has been denied. Recall that on November 18, AMCON announced that it had taken over 12 properties belonging to the businessman and his firms. Following the seizure,…

The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country. The apex bank in a statement released on Sunday February 7, said cryptocurrencies have become well-suited for conducting many illegal activities including money laundering, terrorism financing, purchase of small arms and light weapons, and tax evasion. Daily Trust reported that…

There are speculations of petrol price hitting N190 amid concerns over the non-implementation of the full deregulation of the downstream petroleum sector. Top officials of two major marketers’ associations who spoke to Punch, said the continued increase in oil prices had brought back petrol subsidy as the pump price of petrol should be between N185…

Diddy is taking his former clothing company, Sean John to court for using his image, likeness, and persona without his permission. The Hip Hop mogul has filed a $25 million lawsuit against his former clothing brand, Sean John, and the company’s new owner Global Brand Groups USA, according to All Hip Hop. According to a complaint…