57 h. ago Binance acknowledges $81.5bn Nigerian lawsuit, promises updates

Binance has acknowledged the Nigerian government’s lawsuit seeking $81.5bn in damages and unpaid taxes, stating that it is aware of the legal action and will provide updates as necessary. In response to an email inquiry from The PUNCH, a Binance spokesperson said, “Noting that we have seen your email. We will reach out to you Read More

Politics

2 d. ago Nnaji hails NOTAP, PZ Cussons partnership in advancing research

From Charity Nwakaudu, Abuja The Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, has commended the National Office for Technology Acquisition and Promotion (NOTAP) and PZ Cussons Nigeria Plc for their synergy in promoting critical and demand-driven research in Nigerian universities and research establishments through the NOTAP-Industry Research Laboratory Upgrade (NIRLUP) scheme. In […] The post Nnaji hails NOTAP, PZ Cussons partnership in advancing research appeared first on The Sun Nigeria.

Politics

3 d. ago Nigeria Demands $81bn From Binance Over Unpaid Taxes, Economic Losses

The Federal Government has filed a lawsuit against Binance Holdings Limited, seeking $81 billion in compensation for alleged economic losses and unpaid taxes. The government claims that Binance operated in Nigeria for over six years without proper registration, violating several financial and tax regulations. According to the lawsuit, Binance deliberately operated in secrecy despite having […] The post Nigeria Demands $81bn From Binance Over Unpaid Taxes, Economic Losses appeared first on Information Nigeria.

Economics

3 d. ago Amid Global Rush, Nigeria’s $34bn Lithium Reserves In High Demand

Nigeria’s vast lithium reserves, estimated to be worth over $34 billion, is attracting global demand. Lithium is a key component in the production of batteries for electric vehicles (EVs) and renewable energy storage systems. Nigeria is positioning itself to become a major player in the global lithium market. The growing interest in Nigeria’s lithium reserves […]

Politics

3 d. ago Institute demands law to strengthen safety management in Nigeria

The Institute of Safety Professionals of Nigeria has called for legislation for the establishment of an institute to support safety management in the country. The institute said this will also pave the way for strict adherence to safety policies across all organizations in the country and for appropriate measures in the event of safety violations. Read More

Politics

3 d. ago Nigeria demands respect as military decries visa denial for Invictus Games

Christopher Musa, Chief of Defence Staff (CDS), has declared that Nigeria will not tolerate disrespect from any nation, insisting that read more Nigeria demands respect as military decries visa denial for Invictus Games

Politics

3 d. ago FG wants Binance to pay $79bn for economic loss fine, $2bn tax

Tribune Online FG wants Binance to pay $79bn for economic loss fine, $2bn tax In the new case, the Federal Inland Revenue Service (FIRS) is imposing demands and alleged liabilities, which include a 10% penalty for non-payment of income tax for the years 2022 and 2023. Additionally, there is a 26.75% interest rate applied—reflecting the prevailing Central Bank of Nigeria (CBN) lending rate per annum—starting from January 1, 2023, and January 1, 2024, respectively, along with other charges. FG wants Binance to pay $79bn for economic loss fine, $2bn tax Tribune Online

Economics

3 d. ago FG slaps Binance with fresh $81.5bn suit over economic losses, tax

The Federal Government has approached the Federal High Court in Abuja to compel the cryptocurrency exchange company, Binance Holdings Limited, to pay $79.51 billion and ₦231 million for alleged economic losses caused by its operations in Nigeria. The plaintiff, the Federal Inland Revenue Service, in a charge sighted by PUNCH Online on Wednesday, marked FHC/ABJ/CS/1444/2024, Read More

Economics

5 d. ago Manufacturers confidence in Nigeria’s economy rises marginally in Q4

Manufacturers’ confidence in Africa’s most populous country has risen marginally in the fourth quarter of 2024 as consumer demand surged read more Manufacturers confidence in Nigeria’s economy rises marginally in Q4

Politics