Author: Oladi Samuel

Funke Akindele’s Everybody Loves Jenifa has taken the West African box office by storm, grossing over N1 billion in just 19 days.The film, which has already amassed 201,604 ticket admissions, now accounts for 40% of the December box office revenue, with earnings totalling N1,034,091,220.This milestone marks the fastest film to reach this revenue in the region, a significant achievement for the Nollywood actress and producer.The success of Everybody Loves Jenifa has solidified its position as one of the top box office hits of the year in both Nigeria and Ghana.In her excitement, Funke Akindele shared her gratitude with fans, tweeting,…

I have heard wonderful news from the BGL stables: the renewal of its licenses by the SEC. Although the news seems belated, it is still noteworthy to cheer and congratulate those who fought assiduously for this renewal. It also affirms the market’s expectations, given the sturdy, “never-say-die” spirit that made BGL the capital market giant […] The post The new improved BGL: What prospects? appeared first on Nairametrics.

XRP led cryptocurrency losses on Dec. 30, falling over 5% as a strengthening U.S. dollar weighed on global currencies and dollar-denominated assets like Bitcoin and gold.Other major tokens, including Dogecoin (DOGE), Solana (SOL), Ether (ETH), and BNB, also dropped by up to 2%, contributing to a 3% decline in total market capitalization.The CoinDesk 20 Index, tracking the largest cryptocurrencies excluding stablecoins, fell by 3.5%.The U.S. Dollar Index (DXY), which measures the greenback’s strength against key fiat currencies, has historically moved inversely to Bitcoin. A robust dollar makes cryptocurrencies less appealing compared to traditional investments like U.S. Treasuries, especially in a…

The Federal Government has proposed spending N1.83 billion in the 2025 budget to convert properties forfeited from the Economic and Financial Crimes Commission (EFCC) into State House quarters in Abuja.According to the proposed 2025 budget, an allocation of N1,830,783,061 has been made for the acquisition, renovation, and rehabilitation of these forfeited properties to serve as residential quarters for the State House.The budget also includes N120.28 million for renovation works at the State House security quarters.N5.49 billion for maintenance of presidential villaNairametrics further observed that N5.49 billion has been allocated for the annual maintenance of the presidential villa, highlighting the significant…

Kano State Governor Abba Yusuf has announced automatic employment for graduates of the state’s foreign scholarship program in engineering, medicine, pharmaceuticals, and other health-related fields.In a statement issued on Saturday by the governor’s spokesperson, Sunusi Dawakin-Tofa, the initiative was highlighted as a key part of the administration’s efforts to build a skilled workforce and address critical sector shortages.The statement, reported by the News Agency of Nigeria (NAN), highlighted the program’s goal of providing Kano State with the expertise needed to support growth and innovation in key industries.“Gov. Abba Yusuf of Kano State on Saturday announced automatic employment for the state’s…

On this episode of Billionaire’s Corner, we dive into the fascinating story of Chief Dele Fajemirokun, a strategic business mogul who rose to billionaire status through calculated moves and sheer determination.From navigating the complexities of Nigeria’s oil and gas sector to building a diversified empire in shipping, banking, and telecommunications, Chief Fajemirokun’s journey is a masterclass in resilience and foresight. We’ll explore the pivotal moments, bold decisions, and principles that defined his ascent, offering valuable insights for anyone aspiring to succeed in business.Tune in for an inspiring tale of strategy, ambition, and wealth creation.

The Minister of State for Petroleum, Senator Heineken Lokpobiri, has said that the full deregulation of the downstream industry, particularly prices through the removal of fuel subsidies, prevented fuel scarcity during the festive season.Lokpobiri said this on Saturday when he made unannounced visits to various petrol stations in Yenagoa, Bayelsa State, as reported by the News Agency of Nigeria.The Minister noted that this was the second Christmas under President Bola Tinubu’s administration that fuel was available during the festive season.While stressing that the major goal of deregulation was to ensure the availability of petrol across the country, he noted that…

Tether’s flagship stablecoin, USDT, is under increased scrutiny in the European Union as the region’s landmark Markets in Crypto-Assets (MiCA) regulation nears full implementation on December 30, 2024.With MiCA introducing stringent compliance requirements for stablecoin issuers, questions surrounding USDT’s adherence to these standards have fueled speculation about its future in the EU.Coinbase’s Proactive Move: Delisting USDT Earlier this month, Coinbase, a leading U.S.-based exchange, took the significant step of delisting USDT for EU customers due to compliance concerns related to MiCA.The move has sparked widespread debate, with some applauding Coinbase’s proactive stance while others argue that Tether’s status should be determined…

The National Agency for Food and Drug Administration and Control (NAFDAC) has revealed that it destroyed over ₦120 billion worth of seized products nationwide in six months.According to NAFDAC Director-General, Prof. Mojisola Adeyeye, the operations spanned Nigeria’s six geopolitical zones and the Federal Capital Territory (FCT) seizing substandard and falsified medicines, counterfeit foods, and beverages in six months, covering October to December 2024.She disclosed this in her Christmas and New Year messages and urged citizens to prioritize safety by purchasing food and beverages only from credible outlets and avoiding products without NAFDAC registration numbers.Prof. Adeyeye warned that products sold at…

The Lagos State Government has implemented stricter measures to combat noise pollution, requiring nightclubs, lounges, bars, and worship centres to obtain permits for events involving amplified sound.These regulations aim to safeguard the health and well-being of Lagosians during the festive season and beyond.Tokunbo Wahab, the Lagos State Commissioner for Environment and Water Resources, announced this via his official X (formerly Twitter) account on Saturday, emphasizing the government’s zero-tolerance stance on noise pollution.Wahab highlighted that events with amplified sound must be conducted in soundproofed, enclosed spaces to protect residents from the harmful effects of excessive noise. ‘“Establishments such as worship centers,…