Tag: Economy

Abuja Chef Sentenced to Prison For Stealing Noodles

In Abuja, a 29-year-old chef named Moses Ibor has been found guilty of stealing three cartons of Indomie instant noodles.  As a result, Ibor has been sentenced to one month…

Daily Report

Delta Steel Company: Government’s Dejection And The Economic Woes

By Anthony Miens Demebide The Delta Steel Company (DSC) is situated in Ovwian-Aladja Communities in Udu Local Government Area of Delta State. The Delta Steel Company and that of Ajaokuta…

Daily Report

Breaking: Nigeria Bans Cryptocurrencies, Orders Banks to Close Accounts of Traders

The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to close customer accounts used in trading cryptocurrencies and other related transactions. In a circular making the…

Daily Report

OpenAI CEO Launches Worldcoin Crypto Project

OpenAI's CEO, Sam Altman, along with co-founders Alex Blania and Max Novendstern, launched the Worldcoin crypto project, unveiling their vision of providing users with a verified digital identity and access…

Daily Report

Bayelsa Communities Issue 21-Days Ultimate to SPDC, Seeks Review of Development Fund

A coalition of oil bearing communities in Bayelsa state have issued a 21-day ultimatum to the Shell Petroleum Development Company, SPDC over an outstanding $14million sea Anchorage for vessels the…

Daily Report

Investing in Cows Better Than Cryptocurrency – Adamu Garba

A former presidential aspirant of Nigeria, Adamu Garba, has asserted that investing in cows is way better than any form of cryptocurrency business. Garba stated this on Saturday in reaction…

Daily Report

The Positive Sides of Tinubunomics by Seun Abati

The other day President Bola Tinubu announced that Nigerians are going through the equivalent of childbirth pains, but his administration is determined to ameliorate the pains, provide succor and make…

Daily Report

Breaking: Shoprite Exits Nigeria After 15Years, See Details

Africa's biggest grocery retailer, Shoprite, is exiting the continent's most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale…

Daily Report

Petroleum Minister Reveals How Bayelsa Lost OML 46 License

Nigeria's Minister of State for Petroleum Resources, Chief Timipre Sylva has revealed the Federal Government revoked the licence for the Atala Marginal Oilfield (OML 46) because it was left dormant…

Daily Report

BREAKING: Economic Shutdown Looms as NLC Threatens Indefinite Strike

Nigeria faces the possibility of a complete economic shutdown as the Nigeria Labour Congress (NLC) announces its intention to embark on an indefinite strike in response to the recent increase…

Daily Report