Author: Opalim Lifted

Changpeng Zhao, founder and former chief executive of Binance, the world’s largest cryptocurrency exchange, will serve three years in prison after he pleaded guilty to violating laws against money laundering, US prosecutors demand. Prosecutors made the request in a Tuesday night filing in Seattle federal court. They said sentencing Zhao to twice the maximum 18 months recommended under federal guidelines would reflect the magnitude of his willful violations and send a message that “the right choice, every time, is to comply with the law.” The lawyers for Zhao requested probation. US District Judge Richard Jones is expected to sentence Zhao…

The president of the Association of Bureau De Change Operators of Nigeria, BDCs, Aminu Gwadabe, says BDC operators are committed to preventing speculators from attacking the naira. Mr. Gwadabe said this in an interview on Wednesday in Abuja. The Association of Bureau De Change Operators of Nigeria, as a self-regulatory body, has platforms to check the excesses of BDC operators, he noted. “We have inaugurated state chapters whereby we can have a database of participants in the forex market. This is for the Financial Action Task Force (FATF) to understand this market and to know the participants; give them a…

The Nigerian National Petroleum Company Limited (NNPCL), the sole importer of petrol in Nigeria, has kept mum as residents of the Federal Capital Territory, Abuja, and Kaduna suffer fuel scarcity. Checks by Chronicle NG across filling stations along Kubwa expressway showed most stations are not dispensing petrol except the NNPC and Salbas. Aliyu Bello, a motorist, lamented that he had been in the queue at NNPCL since 7 a.m. He wondered what could have caused the fuel shortage this time. “I have been here since 7 a.m. today, yet there has been no assurance that I could get the product.…

The father of Nigerian chess master, Tunde Onakoya, Pa Onakoya, has said that he was never in support of his son playing chess, stating that he never knew that Chess would make him popular. According to him, when Tunde was a child, whenever he saw him playing chess, he would pack everything away because he wanted him to focus on his academics. On April 17, Tunde commenced his attempt to break the Guinness World Record for the longest chess marathon. On April 20, he broke the record for the longest-ever chess marathon with a time of 60 hours at Times…

The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorms across the country from Wednesday to Friday. In its weather outlook released on Tuesday, NiMet predicted sunny atmosphere over the northern region throughout the forecast period. NiMet envisaged isolated thunderstorms over parts of Kebbi, Taraba, Zamfara, and Kaduna during the afternoon and evening periods. The agency predicts sunny skies with few cloud patches over the north-central region during the morning hours. The forecast predicts isolated thunderstorms later in the day over parts of Niger, the Federal Capital Territory, Kogi, and Kwara states. “The southern region should be cloudy with spells…

Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment. Multichoice reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024. With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ gone up N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700. The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to…

Liverpool are set to open talks with Feyenoord on Wednesday over manager Arne Slot as they search for Jurgen Klopp’s successor. Klopp announced in January he would leave Anfield at the end of the season, and the Reds have been conducting extensive research around a number of candidates. Slot, who led Feyenoord to the 2022–23 Eredivisie title, has emerged as a candidate who fits Liverpool’s criteria. Feyenoord have won the Dutch Cup this season and are second in the Eredivisie. Slot was linked with Leeds United after they sacked manager Jesse Marsch in February 2023. He then ruled himself out…

Chess-in-Slums founder, Tunde Onakoya, who recently surpassed the world record for the longest-ever chess marathon, clocking an impressive 60 hours, received a heartwarming welcome upon his return to Nigeria on Wednesday. Onakoya was greeted with a heartwarming reception, complete with singing and dancing at the airport. In his X post on Wednesday morning, Onakoya stated, “I have struggled to find the right words to capture all of the emotions I’ve felt in the last couple of days—it is indeed one of those weeks when decades happened. “I had woken up in the middle of the night some two weeks ago,…

The Nollywood movie industry has been thrown into mourning again as veteran actor, Zulu Adigwe reportedly passed away on Tuesday. Movie producer Stanley Nwoko announced his death in an Instagram post. “I regret to announce the passing of a veteran actor, the late Mr. Zulu Adigwe. “What caused his death is yet to be reviewed. Rest in peace, good actor,” he added. During his career, Adigwe was famous in the movies “Living in Bondage,” “Breaking Free,” and many others. Nollywood has now lost seven of its actors in 2024. They are Sisi Quadri, Mr. Ibu, Amaechi Muonagor, Andy Best, Jumoke…

Minister of Power, Adebayo Adelabu, has noted that the crises bedevilling the power sector have defiled every attempt at resolution in the past sixty years, but this Bola Tinubu administration is committed to breaking the 60-year crisis jinx. Adebayo said the importance of power to the economic growth and industrial development of any nation cannot be overemphasized, as no sector can actually perform optimally without a stable, effective, functional, and cost-effective power supply. The minister stated this when he received the Senate Committee on Power led by its Chairman, Senator Enyinnaya Abaribe, who visited the Ministry for it’s oversight function…