The Financial Conduct Authority, FCA, UK’s financial watchdog, has banned crypto exchange body, Binance from all regulated activities in Britain as well as imposed stringent requirements on one of the world’s biggest cryptocurrency exchanges. London’s Financial Times, says the intervention by the FCA is one of the most significant moves any global regulator has made against Binance. FCA’s crack down on cryptocurrency industry, according to report, were related to concerns relating to its potential role in illicit activities, including money laundering, fraud, weak consumer protection, etc. Recall that Nigeria’s Central Bank of Nigeria, CBN, in February directed banks and other…
Author: Editor
The Katsina Police Command has arrested a man for allegedly drugging and abducting a married woman for a period of 5 months. The spokesperson of the command, Isah Gambo disclosed to newsmen at a briefing that the suspect identified as Surajo Dauda and a resident of Danja local government area of the state, confessed to the crime, adding that the woman was his girlfriend who had turned down his marriage proposal. The Police said Dauda drugged the woman and kept her in a room he rented in Abuja and continued to rape her for five months before releasing her. According…
An attack by gunmen on Olusegun Agagu University of Science and Technology (OAUSTECH), Okitipupa in Ondo state and rape of four female students, has stalled academic activities of the university. The activities were shut down as a result of peaceful protest by students against the rape of their mates. The students also blocked the Okitipupa-Igbokoda highway, disrupting free-flow of traffic. The president of the Student Union Government, SUG, Damilola Okunomo confirmed the rape incident while speaking with newsmen. According to him, some hoodlums from the neighbouring village, at gunpoint on June 23, robbed four female students of laptops, phones, etc…
The federal government says it will continue to engage in fisheries subsidies negotiations, in order to achieve balanced and equitable outcomes from the forthcoming WTO’s 12th Ministerial Conference (MC-12) on fisheries subsidies. Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, said this at a virtual meeting of the African, Caribbean and Pacific (ACP) Ministers of Trade on Fisheries Subsidies Negotiations. The 12th Ministerial Conference (MC12) will be convened by the World Trade Organisation (WTO) from Nov. 30 to Dec. 3, 2021, in Geneva, Switzerland. The WTO’s Ministerial Conference, which is held every two years, is the highest decision-making body…
The federal government says it had no immediate plan to ban the importation of gas cylinders as part of its LPG expansion and implementation plan. Mr Dayo Adesina, Senior Special Assistant on Domestic Gas in the office of the Vice-President, made the disclosure in an interview in Abuja on Sunday. He said that the government was working on first building local capacities before contemplating a ban. According to Adesina, who is also the Programme Manager of the National LPG Expansion and Implementation, Nigeria still has a lot of cylinder deficits to fill in meeting the LPG expansion plan. He explained…
The Minister of State for Petroleum Resources, Chief Timipre Sylva says the COVID-19 pandemic that rocked the global community has some positive impact on the Nigerian Oil and Gas Sector. The minister, who made this known at the News Agency of Nigeria (NAN) forum in Abuja on Sunday, said COVID-19 made Nigerians to take over the running of the oil and gas industry. “As a country, the problem during the lockdown was that most of our workers in the oil and gas sector are expatriates; most of them went back to their countries because of the COVID-19 lockdown. “They have to rush…
Two global foundations, the IKEA and the Rockefeller Foundations, have announced plans to launch a one billion dollar fund, to boost access to renewable energy in developing countries. The foundations made the commitment during a series of virtual meetings of the UN ministerial forum this week, according to a statement by UN. “Some 50 ministers outlined their plans to reduce emissions and ensure that all people have access to electricity and clean cooking fuels, as the world transitions away from fossil fuels, towards renewable energy.’’ The ministerial gatherings laid the groundwork for the UN High-level Dialogue on Energy that will…
Vice President Yemi Osinbajo and Prof. Melaku Desta, a professor of International Economic Law, in the United Kingdom are expected at a two-day physical and virtual capacity building programme for Nigerian negotiators, beginning on Monday, June 28. Osinbajo would deliver the opening address at the event, while Desta would present a paper on “Understanding Trade Agreements”. Mrs Azuka Ogugua, spokesperson, the Independent Corrupt Practices and Other Related Offences Commission (ICPC), organisers of the event, disclosed this in a statement in Abuja, on Sunday. She said that the capacity building programme is jointly organised by the ICPC, in conjunction with the…
The National Environmental Standards and Regulations Enforcement Agency (NESREA) says it has the power to prosecute for noise pollution, churches and mosques that use loud speakers without control while worshipping. Prof. Aliyu Jauro, Director-General of NESREA made this known while speaking in Abuja on Sunday. According to Jauro, noise is one of the serious environmental pollutants, adding that a noisy place affects plants, animals and humans. “Once they are subjected to the noise, it leads to a lot of health problems ranging from hypertension and other diseases. So, as an agency, we have a specific regulation on noise control. “What…
The National Environmental Standards and Regulations Enforcement Agency (NESREA), has called on Nigerians to plant trees, and shrubs to mitigate flooding and erosion in the country. The Director-General of NESREA, Prof. Aliyu Jauro, made the appeal in an interview on Sunday in Abuja. Jauro noted that the agency had a special regulation on erosion control. “As an agency we have a specific regulation to do with erosion control, national, environmental and flood control. “So, it is a serious issue and we have a laid down process on what is expected to be done, so we sensitise the public. “You know…