Wema Bank said the capital it intends to raise through the sale of N150 billion worth of shares to current shareholders will help set it on the path to joining the class of systemically important banks, a category of lenders often described as “too big to fail” because their collapse could pose profound threats to…
China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump’s escalation of U.S. tariffs on imported Chinese goods, though analysts say the impact is likely to be minimal. After three decades during which China annually imported 10 Hollywood movies, its National Film Administration said Trump’s increase of…
The National Broadcasting Commission, NBC, has banned media houses from playing Eedris Abdulkareem’s latest song. The song, titled Tell Your Papa, is a criticism of this current administration. In it, he directed Seyi Tinubu, son of President Bola Tinubu, to speak to his father about the worsening state of the country. In Tell Your Papa,…
A lightning strike in western Japan injured five students at a school playground on Thursday, including one who remained unconscious, media reports said. Junior high school students were practicing soccer at the school in Nara when the lightning struck, and the five injured students were taken to a hospital. One 14-year-old boy was unconscious, NHK…
The Federal High Court in Abuja has struck out a N50 billion fundamental rights enforcement suit filed by Nnamdi Kanu, the detained leader of the proscribed Indigenous People of Biafra (IPOB), against the Federal Government. Justice Inyang Ekwo delivered the ruling on Thursday, April 10, dismissing the case for lack of diligent prosecution. When…
OpenAI is suing Elon Musk for unfair competition and interfering with its business relationships with investors and customers, escalating a legal battle between the ChatGPT maker and the billionaire who helped bankroll the artificial intelligence startup a decade ago. The allegations against Musk were filed Wednesday in a federal court in California as a counterclaim…
