SHARES of Tesla are sliding again Monday as confidence in Elon Musk’s electric car company continues to disintegrate following a post-election “Trump bump”. In afternoon trading Monday, Tesla shares fell $36.66, or 14 per cent, to $226.11. That’s the lowest Tesla shares have traded since late October, reflecting investors’ newfound …
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EFCC Arrests 28 Suspected Ponzi Scheme Operators in Minna
Operatives of the Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Directorate have arrested 28 suspected ponzi scheme operators in Minna, Niger State. The suspects are: Nofisat Opeyemi, Shukurat Muritala, Odunayo Sanni, Mayowa Oyekola, Aishat Olaitan, Edward Hannah, Abioye Fathiah, Joseph Omowunmi, Kareem Ahmed, Arikeusola Afeez, Adiamo Mutholib, Abass Ibrahim, Wasiu Taofeek, Adeniji …
Read More »Court Jails 2 Chinese For illegal Mining In Kwara
Justice Abimbola Awogboro of the Federal High Court, Ilorin on Friday, March 7, 2025 convicted and sentenced two Chinese, Yang Chao and Wu Shan Chuan to prison for illegal mining of solid minerals in Kwara State. They were convicted along with their company, Crius Chemical Nigeria Limited. They were prosecuted on a one-count charge, bordering on dealing with illegal …
Read More »EFCC Arrests 14 Suspected Internet Fraudsters In Jos
The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC have arrested fourteen suspected internet fraudsters. They were arrested in K-Vom and Rayfield areas in Jos, Plateau State on Saturday March 8, 2025 following credible intelligence on their suspected involvement in internet-related activities. Items recovered from them include …
Read More »EFCC Boss Tasks Students On Transparency, Accountability
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has charged students across the country to imbibe the virtues of transparency, accountability and integrity and shun all forms of corruption, economic and financial crimes. He gave the charge in Abuja on Thursday, March 7, 2025 …
Read More »Ghana faces $8.7bn debt Burden by 2028
GHANA is facing a daunting external debt service burden of $8.7bn over the next four years, according to Finance Minister Cassiel Ato Forson. Speaking during his first budget presentation to parliament on Tuesday, Forson warned of significant repayment pressures that will strain the country’s finances, with peak payments scheduled for 2027 …
Read More »Ghana’s 2025 Budget Aims for Growth, Stability
GHANA’S Finance Minister, Cassiel Ato Forson, has unveiled an ambitious 2025 budget aimed at restoring economic stability, creating jobs, and driving development after years of financial turmoil. The GH¢227.8bn (about $15.3bn) budget outlines sweeping reforms, including significant investments in education, healthcare, infrastructure, and social protection. ‘This budget is about resetting the economy …
Read More »Nigeria Recovers $500m in Crime Proceeds
NIGERIA’S Economic and Financial Crimes Commission (EFCC) announced it recovered nearly $500 million from criminal activities in 2024, marking its largest haul since its establishment over two decades ago. The anti-graft agency also secured over 4,000 convictions during the year, according to a Reuters report. Ongoing battle against corruption As Africa’s biggest oil producer, …
Read More »US eyes Congo Mineral Partnership talks
THE United States has expressed openness to exploring a critical minerals partnership with the Democratic Republic of Congo (DRC), according to a statement given to Reuters by the US State Department. The potential deal follows a pitch from a Congolese senator offering access to the country’s vast mineral wealth in exchange for …
Read More »Gambia Launches Africa’s first Legal Incubator
IN a country grappling with a high incidence of gender-based violence, female lawyers in The Gambia have embraced the concept of a legal incubator that aims to empower them to support their communities. Dr Fatou Baldeh, founder of the advocacy NGO Women in Liberation and Leadership (WILL), has teamed up …
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