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Business

Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation

Editorial Team1 year ago03 mins

Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a leading global independent accounting firm. The most recent attestation reaffirms the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held as reserves for the issued tokens as of December 31, 2024….

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Non-Oil Exports Hit $5.4 Billion in 2024 – NEPC Reports

Editorial Team1 year ago01 mins

The Nigerian Export Promotion Council (NEPC) said on Friday the country’s non-oil exports reached $5.4 billion in 2024. This figure was $939 million or 20.79 percent higher than the $4.5 billion recorded in 2023. The Executive Director of NEPC, Nonye Ayeni, disclosed this when she briefed the media on the sector’s performance in Abuja. She…

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Governor Otu launches Retiree Entrepreneurship Development Initiative in Cross River

Editorial Team1 year ago03 mins

CALABAR – In a bold move to enhance the welfare of civil servants after retirement, Governor Bassey Edet Otu of Cross River State has launched the Retiree Entrepreneurship Development Initiative (REDI). The programme, introduced in collaboration with the Cross River State Medium Micro-Enterprise Development Agency (MEDA) and other strategic partners, aims to equip retiring and…

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Davido Makes History with Electric Bike Line, Raises Over $130 million

Editorial Team1 year ago02 mins

LAGOS – Nigerian Afrobeats superstar David Adeleke, popularly known as Davido, has announced a groundbreaking venture into the electric mobility industry with the launch of his own line of electric bikes in partnership with Spiro. This development marks a significant step in the singer’s entrepreneurial journey as he champions sustainability and economic empowerment across Africa….

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Forensic Review of FX Backlogs Nears Completion – CBN

Editorial Team1 year ago02 mins

The Central Bank of Nigeria (CBN) said on Tuesday the forensic verification of the $7 billion FX backlogs is nearing completion. The CBN Governor, Olayemi Cardoso, disclosed this at the launch of the Nigeria Foreign Exchange (FX) Code in Abuja. Cardoso stressed the importance of this milestone in restoring transparency and trust in the market….

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Bill Gates Reflects on Divorce with Melinda, Calls it “The Mistake I Most Regret”

Editorial Team1 year ago02 mins

LONDON – Bill Gates, the former CEO of Microsoft, has opened up about his divorce from ex-wife Melinda Gates, calling it “the mistake I most regret.” In a candid interview with The Times of London published on January 25, Gates, 69, shared the emotional toll of the separation, yet expressed that he feels “more cheerful…

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Business

Cooking Gas Prices Increased by 44.62% in 2024 – NBS

Editorial Team1 year ago02 mins

ABUJA – The National Bureau of Statistics (NBS) has reported a significant 44.62% rise in the price of Liquefied Natural Gas (LNG), commonly referred to as cooking gas, in 2024. The information was disclosed in a recent report published by the Bureau. 5kg Cylinder Price Trends According to the NBS, the average retail price for…

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Business

SEC Warns Against Investments with Risevest, Stecs Cooperative Societies

Editorial Team1 year ago02 mins

LAGOS – The Securities and Exchange Commission (SEC) has issued a stern warning to the public, urging individuals to refrain from engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, widely known as Stecs. In a circular released over the weekend in Abuja, the SEC…

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Business

Zenith Bank Promotes Over 4000 Staff, Increases Salary Upto 30%

Editorial Team1 year ago03 mins

LAGOS – One of Africa’s leading financial institutions, Zenith Bank has reaffirmed its dedication to employee welfare by announcing the promotion of over 4,000 staff members and implementing salary increases ranging from 20% to 30% across various employee grades. This bold initiative, under the leadership of Managing Director/CEO Dame Adaora Umeoji, is aimed at boosting…

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Oil Refinery Fire North of Khartoum Fuels Tensions in Sudan Conflict

Editorial Team1 year ago01 mins

KHARTOUM – A massive fire has destroyed a significant oil refinery located approximately 71 kilometres north of Khartoum, intensifying the ongoing conflict between the Sudanese army and the paramilitary Rapid Support Forces (RSF). Both factions have traded accusations over responsibility for the attack. The Sudanese army alleged that the RSF deliberately set the refinery ablaze…

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