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FILE PHOTO - GameStop logo is seen in this illustration taken February 2, 2021. REUTERS-Dado Ruvic-Illustration

Regulators to meet as brokers call time on Reddit-trader rollercoaster

Hedge funds, small investors and their stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social-media driven trading frenzy that has roiled stocks and silver prices.
FILE PHOTO - The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS-Brendan McDermid-Illustration

Robinhood says it temporarily curbed buying of some securities as deposit requirement increased ten-fold

“....the required amount we had to deposit with the clearing house was so large - with individual volatile securities accounting for hundreds of millions of dollars in deposit requirements - that we had to take steps to limit buying in those volatile securities to ensure we could comfortably meet our requirements,” it said in a blog post late on Friday.

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Two ‘killed’, one injured as robbers attack bullion van in Ondo

Two persons were feared killed while one was injured as bank robbers attacked a bullion van at Bolorunduro area in Ondo East council area of Ondo state.
Governor Oluwarotimi Akeredolu of Ondo State has granted amnesty to 11 inmates serving various jail terms in correctional centres in the state to mark the beginning of 2021.

Ondo governor commiserates with Pastor Adeboye over son’s demise

Ondo State Governor Rotimi Akeredolu has commiserated with the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, over the death of his son, Pastor Dare Adeboye.
L-R: Katsina state Governor, Honourable Bello Masari. Kebbi’s state Governor, Senator Atiku Bagudu, Governor, Central Bank of Nigeria, Godwin Emefiele and President, Maize Farmers Association Bello Abubakar Annur (with Reflective jacket) at the Flag- off of the National Maize harvest and Loan Recovery and launching of 2020/2021 Dry Season Maize Farming in Katsina on Thursday, May 6, 2021

CBN governor vows to block maize importation

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Thursday vowed to resist importation of maize as Nigerians have the capacity and capability to grow the crop locally to meet consumption demand.
1. Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the State House, Abuja.

VP Osinbajo: Nigeria’s unity must not be compromised

Nigeria’s Vice President, Prof. Yemi Osinbanjo, on Thursday, insisted that the unity of the country should not be compromised in anyway.
Mele Kyari, group managing director, Nigerian National Petroleum Corporation (NNPC), says buyers were begged to purchase Nigeria’s crude oil at $9 per barrel in April.

NNPC: We’ll commission rehabilitated PHC refinery in 2023

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has assured Nigerians that the Port Harcourt Refinery Complex (PHRC) will roar back to life on or before April 5, 2023 when repairs would have been completed.

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President Muhammadu Buhari is presiding over a high-level security meeting at the State House over the rising insecurity in the country. In attendance are Vice President, Yemi Osinbajo, as well as Secretary to the government of the federation, Boss Mustapha, Ministers, Service Chiefs, acting Inspector-General of Police and Intelligence chiefs.

DHQ: Military got N197 billion to fight terrorism

Despite claims that the Nigerian military is underfunded and lack the equipments and weapons to execute the war against terrorism, the service has gotten N197 billion.
Nigerian fintech companies accrued most investments on the continent despite the impact of coronavirus pandemic in 2020.

Nigerian fintech companies secured most investments in Africa – report

Nigerian fintech companies accrued most investments on the continent despite the impact of coronavirus pandemic in 2020.
The Speaker, Plateau House of Assembly, Abok Ayuba, has joined other Nigerians to celebrate the Minister of Women Affairs, Dame Pauline Tallen, on her 62nd birthday.

Minister: 30% of women, girls experience sexual abuse in Nigeria

The Minister of Women Affairs, Senator Pauline Tallen, has said 30 per cent of women and girls between the ages of 15-49 experience different forms of sexual abuse.
Washington – The United States on Monday reimposed curbs on an Israeli billionaire accused of corruption in the Democratic Republic of Congo (DRC), reversing a move by Donald Trump during his last days in office.

Facebook oversight board upholds ban on Donald Trump

Former President Donald of the United States is in global news again. And it is also for a negative reason! His ban by Facebook which happened on 7 January 2021, a day after his ‘storm troopers’ invaded the US Capitol in Washington, was, today, 5 May, upheld by the social medium’s oversight board.
The Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

James Ibori’s kinsmen flay AGF, Britain on delay and £2.6 million shortfall in Delta...

The Oghara Development Union (ODU), Lagos branch, has asked the Attorney General of the Federation, Abubakar Malami, to tell Nigerians the truth about the delay in repatriating the proceeds of assets confiscated from the three ladies in the former Governor James Ibori money laundering trials.