Bitcoin began October with a price of $63,335.60 and closed the month significantly higher at $70,215.19. This steady upward trend in Bitcoin’s value resulted in a market capitalization increase from approximately $1.2 trillion to over $1.38 trillion. October’s performance reflected an overall increase compared to September, where Bitcoin closed at $63,329.50. Weekly Analysis Week 1 … Read more
Bitcoin’s price showed notable fluctuations from September 1 to September 30, 2024, beginning the month at $58,969.80 and closing at $63,329.50, reflecting an overall positive trend with substantial intra-month volatility. Monthly Performance Highlights Starting Price: Bitcoin opened the month at $58,969.80 on September 1, with an initial drop to $57,325.49 by the end of the … Read more
The grid collapse on November 7 marked the 10th such incident in Nigeria in 2024, plunging the country into complete darkness. In Nigeria, grid collapses involve the Generation Companies (GenCos), the Transmission Company of Nigeria (TCN), and the Distribution Companies (DisCos). What is the National Grid? The National Grid is a network of power-generating plants, … Read more
On December 11, Nigeria once again witnessed its 11th electricity national grid collapse in 2024. Most part of the country was thrown into darkness following the electricity grid collapse, dropping from about 3,000 megawatts around 1:00 pm to zero megawatts by 2:00 pm. Barely a month ago, at exactly 11:29 a.m., most power distribution firms … Read more
The former governor of Delta State, Mr. Ifeanyi Okowa, was arrested on Monday by operatives of the Economic and Financial Crimes Commission (EFCC) over an alleged diversion of the 13% derivation fund from the federation account to the state, amounting to N1.3 trillion. Okowa served as governor of the oil-producing state from 2015 to 2023. … Read more
Controversial Nigerian cross-dresser Idris Okuneye, popularly known as Bobrisky, has revealed that he left Nigeria to attend to his health and mental well-being. He shared this update in an Instagram post today, shortly after his release by Nigerian security operatives following an investigation into his earlier claims of bribing officials from the Economic and Financial … Read more
Beginning today, November 1, 2024, Nigerians who reside in Canada will be able to renew their Nigerian passport from the comfort of their homes using the newly launched contactless passport system. According to a release from the Nigeria Immigration Service (NIS), the contactless passport renewal, which is in three phases, is to eliminate the issue … Read more
Idris Okunleye popularly called Bobrisky has been arrested by security operatives at the Murtala International Airport, Lagos, and was injured in the process The controversial Nigerian crossdresser was forcefully ejected from the plane on the night of October 31, 2024, while en route London while trying to flee the invitation of the National Assembly. Earlier, the Isaac … Read more
The South West geopolitical zone of Nigeria has long been a major player in the country’s internally generated revenue (IGR), but over the years, the distribution of this economic contribution has shifted significantly among its six states, according to data from the National Bureau of Statistics, 2023. By comparing the geopolitical zone’s IGR contributions in 2007 … Read more
In 2023, a report on Internally Generated Revenue (IGR) in Nigerian states highlighted Kaduna as the only state from the northern region to break into the top 10, bringing in ₦62.49 billion, National Bureau of Statistics (NBS) has revealed. While poorest IGR states in 2023 is dominated by Northern states, Kaduna’s feat underscores its rising economic … Read more