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January 22, 2025 CBN Approves Launch of FX Code

CBN Approves Launch of FX Code

The Central Bank of Nigeria (CBN) has announced the approval of the Nigerian Foreign Exchange (FX) Code, set to be formally launched next week in Abuja.

In a statement, the apex bank revealed that the FX Code will serve as a guideline for the banking industry, aiming to uphold ethical conduct among authorized dealers in the country’s foreign exchange market.

“The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the banking industry to promote the ethical conduct of authorized dealers in the Nigerian Foreign Exchange Market," the statement read.

The official launch is scheduled to take place at the CBN Head Office Auditorium in Abuja on Tuesday, January 28, 2025.

January 22, 2025 Ekweremadu’s Wife Released from UK Prison, Returns to Nigeria

Ekweremadu’s Wife Released from UK Prison, Returns to Nigeria

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has returned to Nigeria.

A reliable source confirmed the development on Wednesday, revealing that she arrived in the country on Tuesday.

Mrs. Ekweremadu, alongside her husband and Dr. Obinna Obeta, was sentenced to prison by a UK court over charges related to organ harvesting. Senator Ekweremadu received a 10-year sentence, while his wife was handed a six-year term.

The news of her return has sparked celebrations across Enugu State, with residents expressing joy and offering prayers for the swift return of Senator Ekweremadu as well.

 

January 22, 2025 Chris Brown Sues Warner Brothers Over Documentary Alleging Rape

Chris Brown Sues Warner Brothers Over Documentary Alleging Rape

American singer Chris Brown has filed a $500 million lawsuit against Warner Bros. Discovery, accusing the company of defamation and emotional distress over a 2024 docuseries that portrays him as a serial abuser.

The series revisits Brown's 2009 assault on Rihanna and other allegations of violence against women. Brown’s legal team contends that the documentary misrepresents events, includes fabricated details, and was deliberately sensationalized for profit, all while ignoring legal outcomes and critical context.

The lawsuit alleges Warner Bros. failed to conduct thorough fact-checking and refused to provide Brown an opportunity to share his side of the story. “This case is about the media prioritizing profits over the truth,” the complaint states. “They knowingly relied on discredited sources to perpetuate false narratives, portraying Mr. Brown as a serial rapist and abuser, despite his lack of any convictions for sex-related crimes.”

Brown’s lawyers argue that the documentary has caused significant harm to his career, reputation, and personal relationships. They claim Warner Bros.' actions amount to defamation, negligence, and intentional infliction of emotional distress, with the singer seeking $500 million in damages for lost opportunities, reputational damage, and emotional suffering.

Warner Bros. has yet to respond to the lawsuit. However, the docuseries has faced backlash from fans and observers, some of whom have accused it of exploiting Brown’s past controversies. Brown’s legal team has vowed to hold the network accountable, labeling the series a "calculated and malicious attack" on his character.

January 22, 2025 Champions League: Dortmund Sack Manager Nuri Sahin Following 2-1 Loss to Bologna

Champions League: Dortmund Sack Manager Nuri Sahin Following 2-1 Loss to Bologna

Borussia Dortmund have parted ways with their manager, Nuri Sahin, following a 2-1 Champions League defeat to Bologna on Tuesday.

The German Bundesliga club, last season's Champions League finalists, are currently struggling in 13th place in their group and sit 10th in the Bundesliga, trailing league leaders Bayern Munich by 20 points.

Sahin, who took over as head coach last summer after Edin Terzic's departure, acknowledged the team's underperformance. "Unfortunately, we have not managed to live up to Borussia Dortmund’s sporting ambitions this season," Sahin said in a statement released by the club. "I wish this special club all the best."

Speculation has already begun about Sahin's potential replacement, with former Manchester United manager Erik ten Hag reportedly linked to the role. The Dutch coach, who left the Red Devils in October, has been spotted visiting Dortmund recently.

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