Author: Akintayo Adams

The Director-General of the West Africa Region for the African Development Bank (AfDB), Lamin Barrow, announced that the bank’s cumulative financing approvals in Nigeria amount to $10.9 billion. Barrow made this statement on Monday during the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business Plans for Youths in Agriculture, held in Abuja. The News Agency of Nigeria reported that this event is part of the activities marking the AfDB’s 60th anniversary with stakeholders. “Over the last 60 years, the Bank has grown into a trusted partner and the continent’s premier development financial institution. “Our cooperation with Nigeria has…

The global cryptocurrency market cap on Monday soared by 0.7 percent to around $2.45 trillion. The market cap of Bitcoin, the world’s largest cryptocurrency accounted for $1.327 trillion. As a result, Bitcoin surpassed Visa and Mastercard in terms of daily transaction volume, hitting a new milestone. According to data from Glassnode, the leading crypto asset recorded a volume of $46.4 billion, compared to $6.5 billion for filtered economic transactions, adding that the surge was due to increasing adoption and innovations such as the Runes protocol. Bitcoin (BTC) reached $68,450, eyeing $70,000, supported by Ethereum ETFs launch. Bitcoin, Solana, and Dogecoin…

The Federal Government of Nigeria under the leadership of President Bola Ahmed Tinubu neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country. This was made known by the Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar in an interview with Channels Television on Monday. “Whilst we are going to import cargoes abroad. Most of the cargo from Nigeria is sold to Indonesia. So the question is, does it make sense to take cargo from Nigeria to sell to Indonesia and then you are also importing the same finished product to…

The Joint Admissions and Matriculation Board (JAMB) announced on Monday that result slips for the 2024 Unified Tertiary Matriculation Examination (UTME) are now available for printing. In a statement signed by its Head of Public Relations, Dr. Fabian Benjamin, the Board said the slips, which include candidates’ photographs and advanced security features, can be printed from approved Computer-Based Test (CBT) centres starting from Monday, 22 July 2024. “Please note that result slips cannot be printed from cyber cafes or other internet-enabled platforms,” the statement partly read. “It is important to note that candidates’ scores were previously released via the Board’s…

The Kremlin has criticized France’s decision to deny accreditation to certain Russian journalists for the Paris 2024 Olympics, calling it unacceptable and alleging that French authorities are undermining media freedom. This decision follows an announcement by France’s caretaker interior minister, Gérald Darmanin, who revealed that French security services had rejected over 4,000 accreditation applications due to concerns about espionage and cyberattacks. Among those rejected were journalists from Russia and Belarus, a close ally of Moscow. Darmanin revealed that nearly a hundred applications were specifically denied due to espionage concerns. In response, Kremlin spokesman Dmitry Peskov criticized these decisions as “unacceptable”…

Hashiru Baku, the alleged mastermind behind the murder of retired Brigadier General Harold Udokwere, has been apprehended by the police. News VEO previously reported that the general was killed by armed robbers who invaded his private residence at Sunshine Estate, Abuja, in the early hours of June 21. Federal Capital Territory (FCT) Police Commissioner Benneth Igweh had paraded the initial suspects two days after the incident. At that time, he disclosed that two of the robbers had escaped with the deceased’s pistol. The suspects identified were Ibrahim Rabiu, Nafiu Jamil, Aliyu Abdullahi, and Mohammed Nuhu, all from Apo, a satellite…

The 2023 Labour Party Presidential Candidate, Peter Obi, has shown deep worry over the country’s economic direction since first year of Former President Muhammadu Buhari’s eight-year tenure. In a message on Monday via X, Obi pointed out the difference between Nigeria’s economic performance in the early years of its return to democracy and its current condition. “When Nigeria returned to democratic governance in 1999, it maintained an average GDP growth of about 6.72% for 16 years from 1999-2014,” the Former Governor of Anambra State wrote. “In 2014, just before the inception of a new administration a year later, Nigeria had…

The House of Representatives Joint Committee on Midstream and Downstream is investigating the alleged domestic production of substandard petroleum products, the non-availability of crude oil to domestic refineries, and other related matters. The committee has pledged to conduct a thorough investigation by inviting all stakeholders to address the issue comprehensively. Chairman of the Joint Committee, Rep. Ikenga Imo Ugochinyere, made this statement at the opening of the investigation on Monday. He recalled that the House had, at the plenary on July 9, 2024, adopted a motion titled “Urgent need to carry out a legislative forensic investigation into the challenges affecting…

Nigeria’s Inspector General of Police (IGP), Kayode Egbetokun has distanced himself from a WhatsApp message currently circulating on all social media platforms regarding the planned nationwide protests. The WhatsApp message reads, “If you are going to join any protest next week, it’s good but ask yourself these questions: Why is Lagos always their target? How about starting from your state?” However, the IGP in a statement issued on Sunday night by the Force Public Relations Officer, ACP Olumuyiwa Adejobi said the purported message making the rounds on “WhatsApp and other social media platforms, did not originate from the police”. According…

Nigerian doctor and visual artist, Dr. Fola David, has completed a massive drawing measuring 1,000 square metres. With this, David surpassed the previous Guinness World Record of 629.98 square meters held by Ravi Soni from India. David’s six-day record-breaking attempt began on July 16 at the Onikan Stadium in Lagos. His artwork, titled “Unity in Diversity,” features a map of Nigeria highlighting the country’s diverse tribes through their unique attire, languages, art, and essence. In an Instagram post late Sunday, David wrote, “My heart is full of gratitude. Thank you, God. Thank you everyone. Thank you for doing this with…