Abiodun

Abiodun

Binance Faces Tax Evasion Charges in Nigerian Court

inance logo, representing the cryptocurrency exchange facing tax evasion charges in Nigeria.

Abuja, Nigeria – The Federal Inland Revenue Service (FIRS) began its tax evasion trial against cryptocurrency exchange Binance on Monday at the Federal High Court in Abuja. Justice Emeka Nwite presided over the case, where FIRS presented its first witness. The FIRS alleges that Binance failed to…

Nigeria to Absorb 28,000 USAID-Funded Health Workers

Nigerian health workers in a group, representing the 28,000 being absorbed by the government

ABUJA – Nigeria’s Federal Government will absorb 28,000 health workers previously funded by the United States Agency for International Development (USAID), Coordinating Minister of Health and Social Welfare, Ali Pate, announced Sunday. This action reflects Nigeria’s commitment to controlling its healthcare system.…

Nigeria’s Oil Production Surges as Theft Declines

Oil refinery in Nigeria at sunset, symbolizing increased oil production

ABUJA, NIGERIA – Nigeria’s oil production has risen significantly, reaching 1.75 million barrels per day (bpd), following a sharp decline in oil theft. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that theft has been reduced to 5,000 bpd as of January 2025.…

CBN Faces Legal Threat Over ATM Transaction Fee Increase

Hand inserting card into ATM, representing increased ATM transaction fees.

The Socio-Economic Rights and Accountability Project (SERAP) has demanded the Central Bank of Nigeria (CBN) immediately reverse its recently announced ATM transaction fee increase. SERAP issued the demand to CBN Governor Olayemi Cardoso, calling the hike “unlawful.” The new fees, slated to…