Banks consume more energy than Bitcoin – Report

A report by Galaxy ‘On Bitcoin’s energy consumption’ has revealed that traditional banks use more energy than Bitcoin. Last week, the crypto market tanked after Tesla said it was no longer going to accept bitcoin in exchange for its cars. It cited high energy usage as its reason. The Galaxy report estimates that the banking system uses 263.72 TWh of …

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How Nigeria is tackling illicit financial flow – Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday, said Nigeria has implemented significant measures to curb illicit financial flow and ensure asset recovery. The minister spoke at the International Conference on Illicit Financial Flows and Asset Recovery which was held virtually. In her keynote address, Ahmed described Nigeria as one of the most affected countries as …

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DPR oil dispute resolution centre begins operation

The Department of Petroleum Resources on Monday announced that its Oil and Gas Alternative Dispute Resolution Centre had commenced sitting. It said in a statement issued by its spokesperson, Paul Osu, that the centre was established to reduce the number of cases in the oil sector that get to the regular courts. Osu also said the centre had already successfully …

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Rock & Roll Hall of Fame: Why Fela Lost

In February 2021 Nigeria’s music legend Fela Anikulapo Kuti was nominated for the Rock and Roll Hall of Fame. There were 15 other nominees; among them were heavyweights like Tina Turner, Dionne Warwick, Mary J Blige, Chaka Khan, Jay Z, LL Cool J, and New York Dolls. According to the Rock and Roll Hall of Fame Foundation, to be eligible, …

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National Insecurity: General Mabekowu Meets Taraba CP For Intelligence Sharing

The Commissioner of Police, Taraba State Police Command, Ahmed M. Azare, on Tuesday, May 18, received the newly posted Brigade Commander in his office on a courtesy call.This is contained in a statement signed by DSP David Misal, Police Public Relations Officer,PPRO, Taraba Police Command and made available to NAOSRE.According to Misal, the courtesy visit followed the establishment of 6 …

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El-Rufai sacks nurses, warns KASU lecturers over strike

Kaduna Governor Nasir El-Rufai has sacked all nurses below Level 14, who abandoned their duty posts to participate in the strike spearheaded by the Nigeria Labour Congress. He also threatened to sack lecturers of the Kaduna State University (KASU), who were absent from work. El-Rufai announced the tough measures in a statement by media adviser, Muyiwa Adekeye. “The Ministry of …

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Lagos Assembly asks Buhari to address nation

– Says restructuring of Nigeria long overdue Members of the Lagos State House of Assembly resumed from the Sallah break on Tuesday with a call on President Muhammadu Buhari to address the nation over issues relating to insecurity and rising sectional agitations across the country.The House also said it was standing by the decisions reached by the southern governors at …

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How FBI nabbed Dapo Abiodun’s aide, Abidemi Rufai For Fraud in New York

The United States’ Federal Bureau of Investigation have arrested Abidemi Rufai, a Senior Special Assistant to Ogun State Governor, Dapo Abiodun, over $350,000 employment fraud. Rufai was arrested on Friday evening at the John F Kennedy International Airport in New York based on criminal complaint. He was subsequently charged with defrauding Washington State Employment Security Department of over $350,000. According …

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MAUREEN BADEJO WON? WHAT A JOKE

A foolish and ignorant person will draw conclusions from her usual demonstrations and dramatic speeches, as she shouts on top of her voice in her broadcast, with abysmal ignorance over a matter that was never heard neither a motion that was moved. What happened in the lawsuit against Maureen Badejo in America was just a situation of a local judge …

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