Nigeria Securities and Exchange Commission, on Friday, cautioned potential investors to avoid $Davido’s coin linked to Nigerian popular singer, David Adeleke, aka Davido. SEC warned that investing in $Davido’s coin was risky because the meme coins lack fundamental value and are purely speculative. SEC management in a statement on Friday, stressed that it does not recognise the coin. According to the statement, “The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to a meme coin known as “$Davido” allegedly linked to the popular Nigerian singer, David Adedeji Adeleke AKA Davido. “Generally, meme coins are cryptocurrencies inspired…
Author: Daily News Hub
An Appeal Court sitting in Port Harcourt has ordered all parties involved in the appeal filed by the 27 members of the Rivers State House of Assembly loyal to FCT minister, Nyesom Wike, to maintain the status quo pending the hearing of the substantive suit. The lawmakers, led by Martins Amaewhule, had defected from the Peoples Democratic Party to the All Progressives Congress. They had approached the court to stop moves to declare their seats vacant. The three-man panel of the appellate court, which sat virtually on Friday, adjourned the hearing of the substantive matter to June 20, 2024. It,…
Federal Government has declared Monday 17th, and Tuesday 18th June 2024 as public holidays to mark this year’s Eid-ul-Adha celebration. Minister of Interior, Olubunmi Tunji-Ojo, announced this in a statement on Friday in Abuja on behalf of the Federal Government. He congratulated the Muslim Ummah both at home and in the Diaspora on the occasion of this year’s Sallah celebrations. Tunji-Ojo urged the Ummah to continue to imbibe the spirit of peace, kindness and sacrifice, as exemplified by Prophet Ibrahim (Peace be upon Him) and to also use the period to pray for unity, prosperity and the stability of our…
A Federal High Court sitting in Abuja, on Friday, discharged Tigran Gambaryan and Nadeem Anjarwalla of Binance Holdings Limited for tax evasion. Federal Inland Revenue Service had filed the before the court. The court gave its ruling on Friday after the FIRS had amended its charges in response to Binance appointing a Nigerian representative, Ayodele Omotilewa. FIRS had initially filed legal proceedings against Binance and Gambaryan on March 22, 2024, accusing them of tax evasion. On May 17, 2024, the FIRS amended its lawsuit, alleging that Binance failed to collect and remit various taxes, particularly Value Added Tax and Company…
As the September 21 governorship election in Edo State draws nearer, two former gubernatorial aspirants of the Peoples Democratic Party, Philip Shaibu and Hon. Omoregbe Ogbeide-Ihama, have collapsed their political structures for the candidate of the All Progressives Congress. Shaibu and Ogbeide-Ihama have already made separate donationd to the campaign council of the APC governorship candidate, Senator Monday Okpebholo. Ogbeide-Ihama and Shaibu, the impeached Deputy Governor of the state, contested the primary for the PDP ticket but lost to Asue Ighodalo. While Shaibu donated over 50 Toyota Sienna buses, music trucks, and his campaign secretariat office to the APC’s Okpebholo/DENCO…
A Federal High Court sitting in Kano, on Friday, awarded N10 million compensation to Emir Aminu Ado Bayero over the order for his arrest and eviction from the palace. Last month, Governor Abba Yusuf had dethroned Ado Bayero and ordered him to hand over power and vacate the palace within 48 hours. But the dethroned emir, who had traveled out of Kano at the time the order was given, returned and moved into the mini palace in Nasarawa. Angered by the dethroned emir’s alleged effrontery, Governor Yusuf ordered his immediate arrest. But the 15th Emir of Kano headed for the…
Damilare Oloyede, Omooba For the distinguished Senator representing Ogun West in the 10th National Assembly, Senator Adeola Olamilekan Yayi, he has been able to validate a Yoruba proverb in the last one year, “Omo to ba maa je Asamu, ati kekere laati ma senu samu samu”, literally meaning what a child will become when he grows, would have been obvious from tender age. For Yayi, one year was more than enough to show that he meant well for the marginalized people of the West and Ogun State at large. Having duly represented elsewhere and still has the heart of his…
Emmanuel Ulayi, PhD One of the major realities of the 21st century leadership is Globalisation. This concept has broken all forms of boundaries beyond trade; technology has made the world smaller and more connected! Today, distance is no longer a barrier as we can now compete with the best from all over the world. Other Nations are now competing against one another on different scales and with speed which AI has further elevated to the next level. To catch up, leadership must be effective and adaptable to the present realities. The 21st century Leadership Concept has to leverage on technology…
. Labour Minister heading Nigerian contingent . NLC, TUC presidents registered as ‘workers’ delegates’ Nigeria is parading the highest number of delegates to the ongoing2024 ILO Conference in Geneva, Switzerland. Read details of the special report by The Cable below: REVEALED: At 289, Nigeria’s delegation is the largest at 2024 ILO conference Nigeria has the highest number of registered delegates at the ongoing 112th International Labour Conference (ILC) in Geneva, Switzerland. According to a list published by the International Labour Organisation (ILO), Nigeria’s delegation to the conference is the largest of the 187 countries represented at the event. The Nigerian…
Ondo Governor Lucky Aiyedatiwa of the All Progressives Congress, Ajayi Agboola of the People’s Democratic Party, Olorunfemi Ayodele of the Labour Party and Akingboye Benson of the Social Democratic Party have made the final list of the Independent National Electoral Commission as governorship candidates in the November 16 elections in the state. They are among the 17 candidates that made the INEC final list. But the list of the candidates and their deputies did not contain any woman while the African Democratic Congress candidate is the only one with disability with 35-year-old Adegoke Paul of Youth Party (YP) the youngest…