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- The Nigerian Naira removed from binance
The Nigerian Naira removed from binance Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Mar 6, 2024 Naira scrapped from binance what is next for nigerian Miners and Digital bankers Binance, a leading cryptocurrency trading platform, has declared its intention to cease all operations involving the Nigerian naira. The platform faced criticism for its alleged role in the devaluation of the Naira. Moreover, Binance is also contending with serious accusations, including facilitating terrorism financing, engaging in money laundering activities, and evading taxes. This decision comes in the wake of escalating concerns regarding the devaluation of the naira and the broader impact on the Nigerian economy. The removal of the naira from Binance's P2P market is a response to allegations from Nigerian authorities that the platform was contributing to the currency's depreciation. Despite Binance's explanation that P2P exchange rates are set by individual users and not by the platform itself, the Nigerian government has intensified its regulatory scrutiny over cryptocurrency operations, including imposing restrictions on Binance and other crypto services. In addition to the P2P service change, Binance has introduced a cap on the selling price of Tether (USDT) tokens on its P2P platform, limiting transactions to a maximum rate of 1,802 NGN per USDT. Nigeria is one of the largest peer-to-peer crypto markets in the world. Between July 2022 and June 2023, crypto transactions in the country reached $56.7bn, according to Chainalysis. This measure, explained as a precaution against automated system disruptions, has sparked debate within the local crypto community, with some viewing it as an unnecessary intervention in the market dynamics. The backdrop to these developments includes a broader governmental crackdown on cryptocurrency exchanges, motivated More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Niger Junta Confirms Rebel Sabotage of Oil Pipeline to Benin
Niger Junta Confirms Rebel Sabotage of Oil Pipeline to Benin Facebook X (Twitter) WhatsApp Copy link Mbeki edmond Jun 22, 2024 The military leaders who took power in Niger this year have commissioned a giant oil pipeline to Benin Niger’s junta has confirmed that anti-junta rebels sabotaged an oil pipeline transporting crude oil to Benin. The Patriotic Liberation Front, advocating for the release of former President Mohamed Bazoum, who was ousted in a coup last July, claimed responsibility for the attack. The group has threatened further assaults on oil installations and urged Chinese companies operating the pipeline to withdraw support for the military regime. This incident is a significant setback for the newly opened 2,000km pipeline, crucial to both Niger and Benin's economies, amid deteriorating bilateral relations. State media reported that those responsible for the pipeline sabotage would be apprehended and prosecuted. Public prosecutor Ousmane Baydo confirmed the group's involvement. Footage from Tele Sahel showed extensive oil spill damage in Niger's southern Zinder region. The pipeline, launched last year, connects Niger's Agadem oilfield to Benin’s coast. However, its future is uncertain following last year’s coup and the subsequent regional sanctions on Niger. Although Ecowas lifted sanctions and reopened borders in February, Niger kept its borders closed to Benin, accusing it of hosting French forces training insurgents. This led Benin to block Niger’s initial oil exports. Despite France denying any military presence in Benin, tensions between the countries have persisted. China intervened to ease the situation, allowing Niger to export its first crude batch via Benin in May. Nonetheless, disputes continued, with five Niger nationals recently arrested at a Benin oil port, halting a second crude shipment. Three were given suspended sentences and expelled to Niamey. This ongoing conflict threatens the stability and economic prospects of both nations as Niger aligns more closely with Russia, having expelled French troops that were combating regional militant Islamists. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Uganda Set to Join SAATM with their Africa open skies plan
Uganda Set to Join SAATM with their Africa open skies plan Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Mar 4, 2024 Uganda Airlines jet poised on the runway, symbolizing a new era of expanded routes and connectivity as Uganda gears up to join the SAATM initiative. Uganda is on the brink of embracing the Single Africa Air Transport Market (SAATM), indicating a significant departure from its previous cautious stance on open skies. Fred Bamwesigye, the Director-General of Uganda Civil Aviation Authority (UCCA), highlighted that the nation's entry into SAATM is imminent, pending Cabinet approval. This move is expected to catalyze Uganda's aviation sector by enhancing connectivity and competitiveness, with the development of key infrastructures like Kabalega International Airport and the upgrade of Entebbe International Airport being pivotal for accommodating the anticipated surge in air traffic. The integration into SAATM is seen as a strategic step to bolster Uganda Airlines by expanding its network to major destinations such as Nigeria, Mumbai, South Africa, and the UAE. This expansion is facilitated by comprehensive consultations and agreements with stakeholders and the continental industry regulator, aiming to leverage the benefits of air market liberalization. The liberalization promises to unlock route access through the 5th Freedom rights, crucial for augmenting Africa's air transport connectivity. Despite concerns about the competitive impact on national carriers, the liberalization under SAATM is anticipated to yield significant benefits in the long run, akin to Morocco's experience with open skies in Europe. The initiative aligns with the goals of the 1999 Yamoussoukro Declaration, aiming to liberalize market access, ease ownership restrictions, and harmonize aviation safety and security standards. Uganda's accession to SAATM represents a commitment to enhancing intra-African connectivity, reducing airfares, and streamlining air travel across the continent. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Bukayo Saka’s ‘Special’ Moment of Redemption
Bukayo Saka’s ‘Special’ Moment of Redemption Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Jul 7, 2024 Prince William congratulates Bukayo Saka after his redemption penalty against Switzerland at Euro 2024. Saka's smile reflects the pride and joy of overcoming past challenges. Bukayo Saka has earned a moment of redemption, reminiscent of Stuart Pearce’s iconic performance, but for the TikTok generation. During England's perfect penalty shootout against Switzerland, fans witnessed a scene that echoed Euro 96 in Dusseldorf on Saturday night. England has only twice scored all their penalties in major tournament shootouts—against Spain at Wembley in 1996 and versus Switzerland in 2024. Pearce famously scored the third spot-kick against Spain, celebrating with a fierce fist pump and a roar. Similarly, Saka nailed the third spot-kick against Switzerland, celebrating with a wide, beaming smile, capturing the hearts of the new generation of England supporters. For both players, these moments represented significant redemption . Pearce’s successful penalty came six years after missing in the 1990 World Cup semi-final against West Germany. Reflecting on overcoming his past miss, Saka said, "I think for me, it's something I embrace. You can fail once but you have a choice whether you put yourself in that position again and I'm a guy who is going to put myself in that position. I believed in myself and when the ball hit the net I was a very happy man." Saka’s triumph came three years after his missed penalty in the European Championship final against Italy. When Trent Alexander-Arnold scored the winning kick, Saka sank to his knees with arms aloft, a gesture of gratitude and redemption, Saka-style—classy, skillful, and irresistibly likeable. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- The British plan to send migrants to Rwanda is useless
The British plan to send migrants to Rwanda is useless Facebook X (Twitter) WhatsApp Copy link Mbeki edmond Apr 26, 2024 French President Emmanuel Macron at La Sorbonne University in Paris on Thursday.Jeanne Accorsini / Sipa via AP President Emmanuel Macron of France announced on Thursday, 25-2024 that the British plan to send migrants to Rwanda is useless and considers it a joke. Additionally, Macron stated, "I do not believe in the approach of finding a third country on the African continent or elsewhere in the world to send people who arrive on our land illegally without originating from those countries." He added that this is like implementing a pointless policy that only aims to undermine their values. Emmanuel Macron expressed these powerful words at the Sorbonne University in Paris, France, where he emphasized that these matters are crucial for the future of the European Union. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Bafana Bafana Stranded at Port Harcourt Airport Ahead of 2026 WCQ
Bafana Bafana Stranded at Port Harcourt Airport Ahead of 2026 WCQ Facebook X (Twitter) WhatsApp Copy link Ayize claire Jun 6, 2024 Bafana Bafana celebrate as they advanced to the last 16 of the Africa Cup of Nations Players and officials of Bafana Bafana of South Africa faced an unexpected delay as they spent the night in Port Harcourt, unable to travel to Uyo for their 2026 FIFA World Cup qualifier against Nigeria . The team arrived in Port Harcourt from Johannesburg on Wednesday night but missed their scheduled flight to Uyo because the airport had closed by the time they were set to depart. Hugo Broos’ side is now expected to travel to Uyo on Thursday morning. Upon arrival, the team will have an opportunity to practice at the Godswill Akpabio International Stadium later in the evening. The highly anticipated match is scheduled to kick off at 8 pm on Friday. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- France and Rwanda Forge €400M Development Alliance to Boost Health, Environment, and Youth Training
France and Rwanda Forge €400M Development Alliance to Boost Health, Environment, and Youth Training Facebook X (Twitter) WhatsApp Copy link Griffith Sarah Apr 8, 2024 France's top diplomate Stéphane Séjourné exchanges documents with Rwandan counterpart Dr Vincent Biruta in kigali In a landmark agreement, France and Rwanda have committed to a €400 million development partnership set to advance until 2028. Signed in Kigali by French Foreign Affairs Minister Stephane Sejourné and his Rwandan counterpart, Dr. Vincent Biruta, this alliance earmarks substantial investments for the health and environmental sectors alongside youth training initiatives. The collaboration, hailed as a significant step in the strengthening ties between the two nations, also encompasses an air services agreement, enhancing connectivity with RwandAir's tri-weekly flights to Paris. This move is seen as an extension of the flourishing relationship, underscored by France's ongoing support through the French Development Agency (AFD), particularly in nurturing small and medium-sized enterprises within the realms of renewable energy and digital transformation. Read also: France Seeks new equitable and balanced Partnerships with African Nations This partnership not only underscores the mutual commitment to bolstering Rwanda's developmental strides but also reaffirms France's support in judicial processes related to the 1994 Genocide against the Tutsi, ensuring justice for survivors. With a historical backdrop of France mobilizing €500 million between 2021 and 2023 for Rwanda's developmental endeavors, this new pact promises to further solidify the foundation for sustainable and inclusive economic growth within the region . More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- BBNaija's Tacha Clears the Air: No Evidence of Relationships with Married Men
BBNaija's Tacha Clears the Air: No Evidence of Relationships with Married Men Facebook X (Twitter) WhatsApp Copy link Prince Jean Mar 8, 2024 Natacha Akide, simply Tacha showcasing her Simply Tacha’s' eyelashes on Her Birthday. Image/eeliveng N atacha Akide, famously known as Tacha, a former contestant on Big Brother Naija, has openly dismissed allegations linking her romantically with married men. In a candid conversation with Chude Jideonwo, a renowned media figure, Tacha emphasized her innocence, challenging accusers to provide evidence of such claims. She confidently stated, “ There were rumours that I was sleeping with married men but they can’t bring one married man because they know there’s none ." Tacha further highlighted her self-sufficiency and hard-earned success, distancing herself from the stereotypes often associated with women in the entertainment industry. She asserted her financial independence by mentioning, " I say it proudly, any day, anytime, anywhere, in my sleep, in my dream, everything I enjoy I worked hard for it. Not a lot of people can boast of that because we are in an industry where there people don’t want you to progress. " The 28-year-old entrepreneur also addressed speculations about her financial backers, particularly refuting claims that her trip to Ghana was funded by a ' sugar daddy '. On her X account, she firmly stated her stance, underscoring her capability to earn without reliance on others: “I make legit money and you call it sugar daddy. Okay, hold my beer." Before her Big Brother Naija fame, Tacha was already a budding entrepreneur. She detailed her journey, starting with her wig-making business in 2016, launching 'Simply Tacha’s' eyelashes in 2017, and establishing a makeup studio where she trained aspiring artists in makeup and wig craftsmanship. Tacha also shared her experiences traveling for freelance makeup artistry and earning through influencer engagements from 2017 to 2019, showcasing her diverse entrepreneurial ventures. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Biden and Ruto to Announce Major Investments to Strengthen U.S.-Kenya Ties
Biden and Ruto to Announce Major Investments to Strengthen U.S.-Kenya Ties Facebook X (Twitter) WhatsApp Copy link Mbeki edmond May 23, 2024 U.S. President Joe Biden and Kenyan President William Ruto The two heads of states will announce significant investments in green energy and health manufacturing in Kenya, alongside a debt reduction plan, during Ruto's state visit. This marks the first state visit by an African president to the U.S. since 2008. Biden aims to bolster U.S. influence in Africa amidst increased Chinese and Russian activity on the continent. Biden will designate Kenya as a major non-NATO ally, making it the first sub-Saharan African country to receive this status. The leaders will also announce $250 million in new U.S. investments, including $180 million for affordable housing, through the U.S. International Development Finance Corporation, increasing its portfolio in Kenya to over $1 billion. Additionally, Kenya's deployment of 1,000 paramilitary officers to Haiti to address gang violence and hunger will be highlighted. Biden plans an official visit to Africa in February, following the U.S. presidential election, reflecting his confidence in re-election. Ruto's visit includes a state dinner featuring performances by Brad Paisley and the Howard University Gospel Choir, with a menu of heirloom tomato soup, butter-poached lobster, and smoked beef short ribs. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Kenya on the Brink of Historic FIFA World Cup Qualification
Kenya on the Brink of Historic FIFA World Cup Qualification Facebook X (Twitter) WhatsApp Copy link Mbeki edmond May 21, 2024 Kenya is on the verge of making history as the national under-17 women's team, the Rising Starlets, is just 180 minutes away from qualifying for the FIFA World Cup for the first time. The Starlets achieved a significant victory by defeating Ethiopia 3-0 at the Ulinzi Sports Complex, securing their place in the final round of the U17 World Cup qualifiers. The match was marked by a commanding performance from the Starlets. Team captain Elizabeth Ochaka opened the scoring with a powerful header just before halftime, igniting the home crowd. The second half saw a quick succession of goals that sealed the win. Velma Awuor's long-range strike in the 57th minute doubled the lead, showcasing her shooting prowess. The victory was cemented in the 70th minute when Lorna Faith, a standout talent from the Talanta Hela program, unleashed a stunning left-footed shot from distance, leaving the Ethiopian goalkeeper with no chance. The Rising Starlets' path to the final round was not without challenges. In the first leg of the qualifier in Addis Ababa, the team managed a goalless draw, setting the stage for a decisive home match. The Starlets' win was built on solid teamwork and strategic play. Despite a cautious start with limited clear scoring opportunities, the team remained persistent. Valerie Nekesa made a notable attempt in the 22nd minute, dribbling past defenders but missing the target. Later, Awuor's indecision in the box in the 39th minute nearly cost them a goal, but Ochaka's timely header just before the break put Kenya ahead. In the second half, the Starlets increased their intensity, and Awuor's brilliant strike from outside the box effectively put the game out of reach for Ethiopia. Faith's goal further showcased the team's talent and determination. The Rising Starlets managed the remainder of the game with confidence, maintaining their lead and securing a memorable victory. Kenya now faces Burundi in the final qualification round, with hopes high for a historic World Cup appearance. This achievement is a testament to the growing talent and potential within Kenyan women's football, inspiring fans and aspiring players across the nation. As the team prepares for their next challenge, they carry the hopes of a nation eager to see them succeed on the world stage. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Uganda Holds Dominance in Cecafa Zone as per Latest FIFA Rankings
Uganda Holds Dominance in Cecafa Zone as per Latest FIFA Rankings Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Apr 5, 2024 In a noteworthy development in African football, Uganda continues to lead the pack in the Council of East and Central Africa Football Associations (Cecafa) Zone according to the recent FIFA rankings unveiled this Thursday. With a stable position at 92nd globally, Uganda boasts 124.15 points, securing its 19th place in the African continent's football hierarchy. Despite facing a challenging phase with a 4-0 loss to Comoros and a 2-2 stalemate against Ghana in friendly matches held in Marrakech, Morocco, last month, Uganda's football team has managed to maintain its standing. These matches, critical for assessing team dynamics and strategies, did not impact Uganda's prestigious position in the Cecafa Zone or its global ranking. Argentina continues to lead the global rankings with a commanding 1,858 points, showcasing the country's football excellence. On the African front, Morocco, despite a slight drop, remains the highest-ranked team on the continent, now standing at 13th with 1,661.42 points. In the Cecafa Zone, following Uganda closely is Kenya, which has seen a remarkable rise in the FIFA rankings. Climbing four spots to secure the 107th position globally, Kenya now has 1,191.24 points. This ascent is attributed to the Harambee Starlets' impressive performance in the Four-Nation tournament in Malawi, where they clinched victories against Malawi and Zimbabwe. Tanzania and Sudan are also key players in the Cecafa Zone, holding their ground in the FIFA rankings at 119th and 127th places, respectively. These rankings reflect the competitive spirit and the evolving football landscape in the East and Central African region. The Cecafa Zone, a vibrant football community, comprises 12 member countries: Uganda, Kenya, Tanzania, Sudan, Rwanda, Burundi, Ethiopia, South Sudan, Djibouti, Somalia, Eritrea, and the Caf Associate member Zanzibar. This region is known for its passionate embrace of football, fostering talent that competes on both continental and global stages. As the football community digests these rankings, the focus remains on how teams from the Cecafa Zone will leverage this benchmark to enhance their performance in upcoming international engagements. The rankings not only reflect the current state of football prowess in the region but also set the stage for future aspirations and achievements in the beautiful game . More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024
- Uganda Police, landlords, local councils, and family members are top violators of LGBT+ people in Uganda: reports say.
Uganda Police, landlords, local councils, and family members are top violators of LGBT+ people in Uganda: reports say. Facebook X (Twitter) WhatsApp Copy link Ayize claire Jun 4, 2024 Ugandan policeman on crackdown of LGBPT+ people Uganda’s LGBTQ community faces escalating human rights violations following the passage of the Anti-Homosexuality Act (AHA) in 2023. The law introduced severe penalties for same-sex intercourse, including life imprisonment and the death penalty for “aggravated” offenses. Advocacy organization Convening for Equality (CFE) documented over a thousand cases of violations, including arrests, torture, and forced evictions. The state has failed to protect LGBTQ+ persons’ rights, with cases increasing from 306 between January and August 2023 to 1253 between September 2023 and April 2024. Violations include “correctional” rapes, reproductive coercion, denial of housing rights, and mob attacks. The Uganda Police, landlords, local councils, and family members are top violators. Although Uganda’s Constitutional Court revoked some sections of the AHA, public enforcement continues, violating privacy rights. The AHA has drawn international condemnation and triggered sanctions against Uganda More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024