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Bitcoin rises 5.6% to $49,337.72

Bitcoin, the world's biggest and best-known cryptocurrency is up 77.9% from the year's low of $27,734 on Jan. 4, and down 24% from the year's high of $64,895.22 hit on April 14.

National grid restored after system collapse – TCN

Power was restored to the transmission stations a day after TCN announced that the nation’s electricity grid had suffered a system collapse, leading to a power outage in various parts of the country.

Bitcoin crashes as Elon Musk announces Tesla cars can no longer be bought with cryptocurrency

He went on to clarify that Tesla would keep the money received as cryptocurrency, rather than converting it into a fiat currency such as dollars

Telcos lost 12.06 million subscribers in three months – NCC

A further breakdown of subscriber statistics showed that MTN lost the highest number of subscribers in March 2021.

Nigeria’s trade deficit rises 49% to $2.5bn

“When compared with the corresponding period of 2020, it indicated a 27.5 per cent decline. Aggregate exports declined by 9.2 per cent to $2.81 billion in the review period, compared with $3.10 billion in December 2020, due, largely, to decline in crude oil and gas export receipts.

Oil price gains for fifth consecutive month

The OPEC Reference Basket increased $3.51 or 5.7 per cent m-o-m (month-on-month) to average $64.56/barrel, the highest on monthly terms since January 2020.”

Dangote: Cement price from our factories is between N2,450 and N2,510 per bag

He, therefore, frowned at intentional misinformation or demarketing, allegedly sponsored by some individuals, that Dangote sells its cement at higher prices in Nigeria relative to other African countries at the expense of Nigerians.

Nigerian stocks fall further, investors lose N30bn

The financial services industry (measured by volume) led the activity chart with 607.22 million shares valued at N6.07bn traded in 10,125 deals, thus contributing 68.46 per cent and 65.99 per cent to the total equity turnover volume and value respectively.

Nigeria’s daily oil production hits 1.57 million barrels

Nigeria produced 1.57 million barrels per day last month, a 30,000 bpd rise from February, and 70,000 bpd above its quota.

Delta communities threaten to shut down oil firm over massive spill

The woman leader of the federated communities, Mrs Rachael Ukuveghre said the women, “will occupy the premises, we will dance naked on their premises until they listen to us.”

$1.5 billion PH Refinery contract reckless

The House of Representatives should follow through on its planned probe of the deal. Buhari, like his predecessors, should stop holding Nigeria down with retrogressive policies, halt the outrageous deal and privatise the refineries as they are quickly and transparently.

FG won’t lift ban on SIM registration, as NIN defaulters risk 14-year jail term

The Federal Government yesterday said there is no plan to lift the ban on new Subscriber Identification Module, SIM, registrations any time soon for security reasons.

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Update: Baba Ijesha arraigned for alleged sexual assault, attempted rape of minor

the actor sexually assaulted the minor in 2013 when she was seven years’ old by using his private part and a key to rub the private part of the minor.

FEC approves resumption of FCT N1trn land swap initiative launched by Jonathan

some amendments were made to the original form of the initiative by establishing a legal framework to protect all parties.

You must end insurgency, banditry, others — Reps tell new Army Chief

Let me assure you that the Joint Committees on Defence and Army will be thorough, transparent and sincere in the conduct of this screening. We owe this to Nigerians as their representatives. Consequently, we seek your cooperation as we embark on this constitutional legislative process”.

Breaking: Nigeria’s inflation rate slows to 17.93% in May

The food inflation also reduced to 22.28 percent in May from 22.72 in April.