Business
Charges Against Binance Executive Tigran Gambaryan Dropped
The federal government has dropped the money laundering charges against Tigran Gambaryan, an executive at Binance Holdings Limited. Earlier this year, in April, the Economic and Financial Crimes Commission (EFCC) had filed charges against Binance and Gambaryan, accusing them of money laundering activities.
Gambaryan, a U.S. citizen, had been detained since February due to an investigation into the alleged manipulation of the naira by the cryptocurrency firm. On Wednesday, an EFCC lawyer informed the Federal High Court in Abuja about the withdrawal of charges, clarifying that Gambaryan was simply an employee carrying out his duties at Binance.
Business
BATNF, NYSC Collaborate to Promote Agribusiness Among Corps Members
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Business
Government Pledges Support for Women in Livestock Development Says Minister Maiha
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
Business
“Minimum Wage Can Buy a Bag Now” — User Claims Rice Price Falling in Nigeria
Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.
“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”
It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.
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