Author: Casey Ayodeji
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Senate Passes Investment and Securities Bill 2024 for Third Reading
The Nigerian Senate has passed the Investments and Securities Bill (ISB) 2024, a legislative overhaul designed to modernize and fortify the country’s capital market. The bill, which seeks to repeal the existing 2007 Investments and Securities Act, represents an effort to align Nigeria’s financial regulations with global best practices and create a more attractive environment…
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Bitcoin Reaches $100,000 in Breakthrough Crypto Moment
For the very first time since its creation, Bitcoin has broken through the $100,000 barrier on Thursday, December 5, 2024, marking a historic moment in cryptocurrency development. The digital currency peaked at an extraordinary $103,587 at 5:05 am (GMT+1), having closed at $98,318.24 the previous day. By 9:14 am, it had settled at a still…
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Ibori’s Daughter, Four Labour Party Reps Defect to APC
Four members of the House of Representatives have abandoned the Labour Party (LP), joining the All Progressives Congress (APC) in a move that has sparked intense political debate. Speaker Tajudeen Abbas officially announced the lawmakers’ defection on the floor of the green chamber on Thursday. The defecting representatives include Chinedu Okere from Owerri municipal/Owerri north/Owerri…
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Presidency Confirms Port Harcourt Refinery Revival Amid Operational Rumours
In a bid to address mounting speculation about the Port Harcourt Refinery’s operations, President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, led a fact-finding mission to debunk claims of ineffective crude oil processing. The delegation, which toured the facility on Wednesday, conducted an extensive inspection of the refinery’s critical sections, including its…
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Atiku Condemns Arrest as Court Remands Farotimi in Prison
In a legal development, a Chief Magistrate’s Court in Ado Ekiti has remanded Farotimi in prison over allegations of defamation against Afe Babalola, a Senior Advocate of Nigeria and founder of Afe Babalola University Ado Ekiti (ABUAD). The police arrested Farotimi from his Lekki, Lagos office on Tuesday, transporting him to Ekiti State following Babalola’s…
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Netflix Denies Exit Rumors, Highlights Ongoing Investment in Nollywood
Streaming platform, Netflix has denied rumors of its departure from the Nigerian market, with the company’s representatives stating their continued commitment to investing in Nigerian storytelling. “We are not exiting Nigeria. We will continue to invest in Nigerian stories to delight our members,” said Edafe Onoriode, Group Account Director from Hill and Knowlton Strategies, Netflix’s…
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Netflix Exits Nigerian Content Production, Deals Blow to Nollywood
Netflix has quietly cancelled its Nigerian Originals program, effectively exiting the Nigerian content market in November 2024. The streaming platform reportedly informed frequent collaborators about the withdrawal without providing an official public statement. Speculation suggests the decision stems from Nigeria’s challenging economic climate, including volatile exchange rates, high inflation, and increasing business costs for international…
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US Pledges Over $1bn in Humanitarian Aid to 31 African Countries
The United States will provide more than $1 billion in humanitarian assistance to address critical needs across 31 African countries, targeting food insecurity, refugees, and displaced populations. The funding, announced during President Joe Biden’s visit to Angola, comprises nearly $823 million from USAID, including over $202 million from the U.S. Department of Agriculture’s Commodity Credit…
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EFCC Court Documents Reveal 753 Duplexes Seized from Ex-CBN Governor
The Economic and Financial Crimes Commission (EFCC) has announced the recovery of a massive property complex in Abuja, consisting of 753 duplexes and apartments, allegedly linked to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. Court documents filed by the anti-graft agency reveal the property is located in the Cadastral Zone area of Abuja,…
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Pastor Bolaji Idowu of HICC Denies ₦1.5bn Fraud Allegations
Pastor Bolaji Idowu of Harvesters International Christian Center has denied allegations of involvement in a ₦1.5 billion fraud during his “Next Level Prayers” session on Wednesday. “Over the last 24 hours, there’s been a lot of news about me on social media,” Pastor Idowu stated. “I just want to state some facts clearly.” He refuted…