Author: Ayo

Tapswap, a popular tap-2-earn app powered by TON Blockchain, has announced the postponement of its token allocation to users to the third quarter of the year. The app, which has gained immense popularity among Nigerians and amassed over 50 million users since its launch on February 15, 2024, cited the need for a more detailed work on tokenomics and the right launch strategy. In a series of threads on X, the management explained that the decision was made to better serve its players and ensure a fair and profitable launch. The team is in active talks with tier 1 exchanges…

President Bola Tinubu has given his nod to a new withholding tax policy, marking a significant departure from the 1977 Nigeria tax system. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Ayodele, announced the development on Tuesday. The revised policy aims to address the challenges of the old regime, including ambiguities, multiple taxes, and refund difficulties. Ayodele highlighted the need for a more equitable and efficient tax system, citing the previous regime’s promotion of tax inequity. The new policy exempts small businesses from withholding tax compliance, reduces rates for low-margin businesses, and exempts manufacturers and…

A four-bedroom apartment undergoing renovation in Area 11, opposite Stanbic IBTC Bank in the Federal Capital Territory (FCT) Abuja, collapsed on Monday evening, injuring three persons. Fortunately, no life was lost in the incident. According to the FCT Fire Service Director, Amiola Adebayo, the injured persons have been taken to the hospital for treatment. Adebayo confirmed that the old four-storey building was undergoing restructuring and renovation when it caved in around 8:40 pm. Excavation and evacuation of the rubble stopped at 1:30 am and will resume at 7 am on July 2, 2024. FCT Police Spokesperson Josephine Adeh also confirmed…

The Euro 2024 Round of 16 matches held on Monday have determined three of the four quarter-final fixtures. The match between France and Belgium ended with a 1-0 victory for France, courtesy of a last-minute own goal by Jan Vertonghen. France will now face Portugal in the quarter-finals. Portugal’s match with Slovenia ended goalless after 120 minutes, but Portugal emerged victorious after winning the penalty shootout, thanks to Diogo Costa’s three saves. England will face Switzerland in the quarter-finals, following Switzerland’s 2-0 win against Italy on Sunday. Spain will face hosts Germany, after thrashing Georgia 4-1 in the Round of…

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has responded harshly to criticisms from Senator Ireti Kingibe, representing the FCT, over his performance in office. Wike, appointed by President Bola Tinubu, stated that he is focused on doing his job and not seeking to be friends with anyone, including the Senator. He challenged Kingibe to contest the FCT seat again in 2027 if she believes she is popular, assuring that she would lose the election, just like the last time. The Minister’s response was prompted by Senator Kingibe’s claim that FCT residents are dissatisfied with Wike’s performance, alleging…

A Delta State High Court sitting in Ibusa has sentenced two men, Ojerbo Solomon and Ola Babatunde, to death by hanging after a protracted trial that lasted eight years. Justice M.O. Omovie delivered the judgment, convicting the duo of murder, armed robbery, and rape. According to the prosecution, led by Mr. E.H. Edema, the defendants committed the crimes on February 8, 2016, breaking into the victims’ house with guns, cutlasses, and knives. They raped the victims, slit their throats, and escaped on a motorcycle, leaving one survivor, Mr. Praise Sunday, but claiming the lives of his mother and sister. The…

In a recent survey conducted by Skytrax, an international evaluation organisation, Nigerian airlines failed to make the list of Africa’s best airlines. The survey, which covered over 350 airlines globally, including 100 passenger responses from different nationalities, ranked Ethiopian Airlines, Royal Air Maroc, South African Airways, Kenya Airways, RwandAir, Air Mauritius, and Egyptair as the top seven airlines in Africa. The survey evaluated airlines based on cabin service, ground service, onboard products, and amenities. While Nigerian airlines did not make the list, Kenya Airways won awards for Best Cabin Crew and Best Airline Staff, EgyptAir won Most Improved Airline, South…

Manchester United has launched its new home kit for the upcoming season, featuring a striking design that pays homage to the club’s rich history. The iconic red shirt now boasts a gradient effect, complemented by white trim and white shorts. According to Adidas, the kit’s designer, the inspiration comes from a unique “fluorescent” concept introduced during the Busby Babes era, designed to help players spot each other under floodlights. The new design features a bold combination of red hues blended to form a light to dark red gradient, creating an ever-changing colour effect. The kit also features a distinctive flame-like…

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has emphasized the need for regional collaboration to promote financial stability and economic growth in the West African region. Speaking at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions in Abuja, Cardoso stressed the importance of unity in achieving common goals, citing an African proverb. The meeting, hosted by the West African Monetary Institute, brought together regulators, policymakers, and financial experts to discuss critical issues facing the non-bank financial sector in West Africa. Cardoso commended the efforts of the CSNBFI in advancing regulatory frameworks, including the…

The European Commission has accused Meta, the parent company of Facebook and Instagram, of violating the region’s new digital competition rules with its “pay or consent” advertising model. According to the Commission, Meta’s “Subscription for no ads” service, which allows users to pay up to €12.99 monthly for ad-free versions of Facebook and Instagram, fails to provide a less personalized but equivalent version of the social networks. The Commission’s preliminary findings suggest that Meta’s binary choice forces users to consent to the use of their personal data, which may result in a fine equivalent to 10% of Meta’s global annual…