Mexico has warned that it will take Google to court if the company insists on renaming the Gulf of Mexico as the “Gulf of America” for Maps users in the United States, President Claudia Sheinbaum said on Monday, February 17. Sheinbaum stated that her government had sent another letter to the US tech giant, arguing …
Court restrains CBN and others from withholding Kano LG allocation
A Kano State High Court has issued an order of perpetual injunction restraining the Central Bank of Nigeria (CBN) from withholding funds from the Federation Account to the 44 Local Governments in the state. The ruling, delivered on Monday, followed a motion filed by the applicants, including the Chairman of NULGE, Ibrahim Muhd, alongside Ibrahim …
MV Great Cotonou Begins Direct Shanghai-Lagos Shipping Service
The MV Great Cotonou, the first container-roll-on/roll-off (Con-Ro) vessel offering a direct shipping service from Shanghai to Lagos, berthed at the PTML Terminal on Tuesday. Operated by global shipping giant Grimaldi Group, the vessel reduces transit time to just 27 days, eliminating the need for transshipment at intermediary ports. This new route allows Nigerian traders …
Shehu Sani warns of what would happen if CBN continues increasing ATM withdrawal fees
The former Senator representing Kaduna Central Senatorial District, Shehu Sani, has warned that there will be consequences if the Central Bank of Nigeria continues increasing ATM withdrawal fees. He took to X to react to the scrapping of free Automated Teller Machine withdrawals for other banks’ customers by the Central Bank of Nigeria. Recall that …
Reps ask FG to suspend telecom tariff hike
The House of Representatives has urged the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, and the Nigerian Communications Commission (NCC) to suspend the proposed increase in telecommunications tariffs until service delivery improves. The resolution followed a motion of urgent public importance presented by Rep. Obuku Offorji during plenary on Tuesday. Offorji recalled that …
Elon Musk leads consortium to buy OpenAI for $97.4bn
A group led by Elon Musk has made a $97.4 billion offer to take control of OpenAI, just months after he sued the artificial intelligence company. Musk co-founded OpenAI in 2015 but left in 2018. He has been critical of its move toward a for-profit model, arguing that the company has strayed from its original …
SERAP Sues President Tinubu Over Alleged N167bn Contract Fraud in Government Agencies
The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against President Bola Tinubu for allegedly failing to prosecute contractors who received over N167 billion from 31 ministries, departments, and agencies (MDAs) for unexecuted projects. The lawsuit, filed last Friday at the Federal High Court in Lagos (Suit No. FHC/L/MISC/121/2025), also names the Attorney …
Elon Musk says he is not interested in buying TikTok
Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner ByteDance According to Reuters report. “I have not put in a bid for TikTok,” Musk said a week after U.S. President Donald …
CBN restricts BDCs to $25,000 Fx weekly and one dealer bank
The Central Bank of Nigeria (CBN) released new guidelines which permits Bureau de Change (BDC) operators to purchase up to $25,000 weekly from Authorised Dealer Banks (ADBs) to meet retail market demand. In a circular released yesterday, February 5, signed by Dr. W. J. Kanya, the Acting Director of the Trade & Exchange Department at …