Breaking

Breaking

Aug
26
2024
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By Ahmed Ture
Telegram CEO Pavel Durov Detained in France Amid Investigation into Platform’s Alleged Ties to Criminal Activity

Telegram CEO Pavel Durov Detained in France Amid Investigation into Platform’s Alleged Ties to Criminal Activity

Breaking, World News
Pavel Durov, the billionaire founder and CEO of messaging app Telegram, was taken into custody at Bourget Airport near Paris on Saturday, according to French news sources TF1 and BFM TV. The arrest was made under a French warrant related to a preliminary investigation into Telegram's suspected involvement in facilitating criminal activities. Durov, a 39-year-old Franco-Russian citizen, was traveling on his private jet from Azerbaijan with a bodyguard and a woman when he was apprehended by the Air Transport Gendarmerie. As of the time of this report, Telegram has not issued an official statement regarding the incident. Similarly, the French…
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Aug
26
2024
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By Ahmed Ture
Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Naira Plunges by N72.58 Against Dollar as Foreign Exchange Turnover Reaches $7.4 Billion in July

Breaking, Economy, Nigeria,
The Nigerian Naira suffered a significant decline, losing N72.58 against the US dollar in July 2024, according to the FMDQ financial market report. The foreign exchange turnover skyrocketed to $7.39 billion, representing a 10.02% increase from the previous month. In Naira terms, the FX turnover stood at N11.48 trillion, surpassing the N10.01 trillion traded in June. The Naira's depreciation led to an exchange rate volatility increase, with the local currency trading between N1,500.32 and N1,621.12 per dollar, compared to the previous month's range of N1,473.66 to N1,510.10 per dollar. Despite the Central Bank of Nigeria's efforts, the Naira's value against…
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Aug
26
2024
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By Ahmed Ture
Catholic Bishops Urge President Tinubu to Rethink Economic Policies Amidst Worsening Hardship

Catholic Bishops Urge President Tinubu to Rethink Economic Policies Amidst Worsening Hardship

Breaking, Economy, Nigeria, Opinion, Politics, ,
The President of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, has appealed to President Bola Tinubu to reassess his economic policies, citing the escalating hardship faced by Nigerians. Speaking at the 2024 Second Plenary Assembly of the CBCN in Auchi, Edo State, Ugorji emphasized that the current economic policies have caused more harm than good. Ugorji, also the Archbishop of Owerri, acknowledged that the socio-economic challenges facing the nation cannot be resolved by economic reforms alone. He advocated for a return to a regional system of government to combat corruption and address the nation's problems.…
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Aug
23
2024
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By Ahmed Ture
Tinubu Appoints Kekere-Ekun as Acting Chief Justice of Nigeria

Tinubu Appoints Kekere-Ekun as Acting Chief Justice of Nigeria

Breaking, Nigeria, Politics,
President Bola Ahmed Tinubu has sworn in Justice Kudirat Kekere-Ekun as the acting Chief Justice of Nigeria (CJN), following the retirement of Justice Olukayode Ariwoola. The ceremony took place at the Council Chamber of the State House, Abuja, on Friday. Kekere-Ekun's appointment is subject to Senate confirmation, which would make her the 23rd CJN and the second female to hold the position. She succeeds Justice Ariwoola, who retired after reaching the mandatory age of 70 years, having assumed office on June 27, 2022. President Tinubu had earlier thanked Justice Ariwoola for his dedicated public service. The appointment of Kekere-Ekun marks…
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Aug
23
2024
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By Ahmed Ture
Bolt Takes Action to End ‘Taxi-War’ Between Nigeria and South Africa

Bolt Takes Action to End ‘Taxi-War’ Between Nigeria and South Africa

Africa, Breaking, Economy
Online taxi firm Bolt has restricted inter-country ride requests between Nigeria and South Africa due to a social media prank war between the two nations. The prank involved booking and canceling rides in the other country, wasting drivers' time, fuel, and money. Bolt identified and blocked users participating in this malicious game, which affected drivers in both countries. The company understands the impact on its driver-partners and has taken measures to prevent further disruptions. The prank war is believed to have started on social media, with users in both countries engaging in a long-standing tradition of trolling each other. However,…
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