Author: Press Room

The federal government is seeking $81 billion in compensation from Binance Holdings Limited over alleged economic losses linked to its operations in Nigeria. According to Nairametrics, the federal government claimed that Binance deliberately operated in secrecy despite having a significant economic presence in Nigeria. The suit, marked FHC/ABJ/CS/1444/2024, was brought before Inyang Ekwo of the federal high court in Abuja on February 11. The federal government alleged that the company violated several financial and tax regulations, including the Companies Income Tax Act, the Federal Inland Revenue Service (Establishment) Act 2007, the Central Bank of Nigeria’s Regulatory Framework for Mobile Money…

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  Adeyinka Adedipe and Janet Ogundepo After just eight months of marriage, a pregnant woman, Success Izekor, has been allegedly killed by her husband, Kelvin. Her elder sister, Ugiagbe Iziegbe, revealed this in an interview with Saturday PUNCH, demanding justice for Success and her unborn child. She described her sister as a “very lively and lovely” who “did not like getting involved in any trouble. She was always quick to apologise if she had issues with anyone, whether she was the one at fault or not. She never argued or did anything that would bring disgrace to her. She was very…

House of the Dragon’s “The Red Sowing” is an episode that unfurls like a tempest, gathering momentum with each passing scene. It’s a chapter marked by strategic maneuvering, growing tensions, and a haunting sense of impending doom. The episode deftly weaves together multiple plotlines, building towards a cataclysmic climax that leaves viewers breathless. The dynamic between Rhaenyra and Alicent continues to be the emotional core of the series. Rhaenyra’s calculated moves, particularly in securing the allegiance of dragonriders, reveal a growing ruthlessness. Alicent, meanwhile, is a woman isolated and increasingly desperate, her actions driven by fear and a desire to…

Ukrainian teenage sensation Oleksandr Dragan has heaped praise on Africa’s reigning Footballer of the Year Ademola Lookman, describing the Nigerian forward as a role model and mentor at Atalanta, Soccernet.ng reports. Dragan and Lookman both joined the Italian club in the summer of 2022, but their arrivals followed different trajectories. While Lookman went straight into Gian Piero Gasperini’s first team, the Ukrainian was integrated into Atalanta’s youth setup. Nigeria Super Eagles and Atalanta winger Ademola Lookman. Photo by IMAGO READ MORE  Despite their contrasting paths, both players have enjoyed steady progress in Bergamo. Dragan’s impressive rise has seen him climb…

An Islamic group under the aegis of the Supreme Council for Shari’ah in Nigeria, the Oyo State chapter has set plans to unveil a Sharia court in the state and its environs. The group, in a flier that went viral on Tuesday, invited guests from across the country to the court’s inauguration ceremony, which will be held on January 11, 2025, at the Muslim Community Islamic Centre, Oba Adeyemi High School Road, Mobolaje Area, Oyo. The flier also listed Bashorun of Oyo land, High Chief Yusuf Akinade Olayinka 1 as Royal father of the day; Mufairu of Oyo land, Alhaji…

The Lagos State Police Command has arrested at least 35 traffic robbery suspects in a series of operations conducted within a week, spanning areas from Ajah to Elemoro. Confirming the arrests on Saturday, the command’s spokesperson, CSP Benjamin Hundeyin, stated that the suspects were apprehended during different tactical operations in the Ajah area. Among those arrested on February 24 are Alao Oluwafemi, Adeshina Akinrinde, Udoh John, Afolabi Kola, Daniel Augustine, Olalekan Qudus, Shittu Lanre, and Azeez Olalekan. Others picked up within the same week include Olayemi Moses, Oriyomi Ojo, Ismail Mubarak, Alabi Ibrahim, Bashir Umar, Nasiru Muhammed, Ashiru Sanni, Babalola…

The Netherlands says it will return 119 Benin bronzes looted during the 1897 British raid on Benin City to Nigeria. The Dutch embassy in Nigeria said the artefacts should have never ended up in the Netherlands. The number of artefacts is believed to be the single largest to be returned to Nigeria. “This restitution contributes to redressing a historical injustice that is still being felt today,” Eppo Bruin, Dutch minister of education, culture, and science, said in a statement issued by the Dutch embassy in Abuja on Wednesday. “Cultural heritage is essential for telling and living the history of a…

Nigerian sprinter Favour Ofili has been denied her moment in the spotlight at the Olympic Games. Despite qualifying for the 100m dash, Ofili’s name was mysteriously left off the entry list by the Athletics Federation of Nigeria (AFN) and the Nigerian Olympic Committee (NOC). Favour Ofili took to Instagram to express her heartbreak and outrage, revealing that this is not the first time she’s been victimized by administrative incompetence. At the last Olympic Games, she was among 14 Nigerian athletes who qualified but were unable to compete due to lack of funds for testing. She wrote, “It is with great…

In Summary By 2030, AI is expected to contribute over $1.2 trillion to Africa’s GDP. Countries like South Africa and Nigeria are leading the charge with AI-powered fintech, healthcare diagnostics, and smart agriculture.Rwanda and Ghana are leveraging AI for governance and digital transformation, while Morocco and Tunisia are scaling AI research and policy development. With increasing funding from global tech giants and government-backed AI initiatives, Africa is not just adopting AI—it is building its own AI-driven future.Deep Dive!!!Artificial intelligence is no longer a distant future for Africa—it is happening now. African nations are integrating AI into their economies at an unprecedented rate…