The firm promised to resolve all outstanding matters before the disruption, and merchants were advised to withdraw their funds from the platform before April 30, 2023. Nigerian crypto-based fintech, Lazerpay has announced it is shutting down operations. It said the decision to shut down comes after unsuccessful fundraising attempts. In a … Read more
Cocoa Farmers Protest Against Alleged Sale Of Farmland To Chinese Firm By Ondo Govt Some aggrieved cocoa farmers in Ofosu, Idanre Local Government Area of Ondo State have staged a protest to lament about the alleged sale of their farmland to a Chinese company by the state government. The farmers who embarked on a protest … Read more
Comedian Chris Rock may be planning to file a HUGE lawsuit. MTO News has confirmed that yesterday Chris Rock was spotted inside one of the biggest litigation law firms in the country. One person who works at the firm told MTO News that Chris is a “new client” of the firm. The white shoe law … Read more
Aribo, Balogun and Calvin Bassey flop in Old Firm Derby – Latest Sports News In Nigeria Leon Balogun, Joe Aribo and Calvin Bassey tasted defeat … Read more
International financial institution, the World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which was involved in the National Social Safety Nets Project, was sanctioned for 50 months while the managing director was sanctioned … Read more
Facebook is determined to beat out its biggest rival, TikTok … going so far as to hire a major political consulting firm to smear its competitor with an elaborate nationwide campaign. Facebook’s parent company, Meta, is paying Targeted Victory — a GOP consulting firm — to turn Americans against TikTok and ultimately steer young users … Read more
Borno State Governor Babagana Zulum and his predecessor Kashim Shettima have been scheduled to attend the public presentation of the biography of the immediate past chief registrar of the Supreme Court, Hadizatu Mustapha. Titled Hadizatu U. Mustapha: From Head Girl to Supreme Court, the presentation will take place on Saturday, February 5 at the International … Read more
Victor Osibodu A Federal High Court in Lagos has adjourned till March 17 to begin hearing of Ecobank Nigeria Limited’s N8,701,770,328.83 dispute with a businessman, Victor Osibodu and his firm, Vigeo Limited. Victor is the husband of Funke Osibodu, a former managing director of Ecobank Nigeria, a former top Group Executive of the Ecobank Group … Read more
Parallex Bank, a commercial bank recently launched by Loveworld Nation (also known as Christ Embassy), assaulted freedom of the press on Monday when its agent caused the takedown of THE WHISTLER website for about four hours. Parallex Bank is the latest entrant into the commercial banking industry in Nigeria. Having launched on Friday, January 14, 2022, at … Read more
Tunde Ayeni For highly controversial Nigerian businessman, John Olatunde Ayeni, popularly known as Tunde Ayeni, it’s been one day, one trouble. The latest in the plethora of his travails is that he has lost another company, Ibadan Electricity Distribution Company (IBEDC) Limited, a DisCo he purchased in 2013, to the Nigerian government, six years after … Read more
A firm, Osigwe Foods and Agro-Industrial Company Limited, has slammed an N8.3 billion suit on Unity bank Plc before Justice Abimbola Awogboro of a Federal High Court in Lagos over alleged breach of contract occasioned by excessive charges and mismanagement of its current account. In an amended statement of claims, the firm is seeking the … Read more
The Nigerian music industry is made up of different talented musicians who have carved a niche for themselves with varying styles of music such as rap, afro-beats, afro-fusion and hip-hop. Having only one source of income in Nigeria is not usually the way to the top and a lot of celebrities in the entertainment industry … Read more
STOCKHOLM (Reuters) – Sweden’s VOI Technology, which operates e-scooter service in Europe, said on Tuesday it has raised $115 million from investors such as Raine Group and VNV Global, valuing the company at just over $1 billion. The revenue of VOI, whose competitors include Germany’s Tier and American companies Lime and Bird, has grown by … Read more
President Muhammadu Buhari has approved the establishment of a company, Infra-Co, saddled with the responsibility of tackling the nation’s infrastructure deficit. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement on Friday. Akande said the company would take off with an initial seed capital of … Read more