Business

Binance seeks out-of-court settlement in Nigeria tax evasion case

Following submissions from both parties, Justice Nwite adjourned the case until May 12 for a report on settlement talks.

Published

7 months ago

March 25, 2026

OCHEFA

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Binance Holdings Limited on Tuesday said it is exploring a resolution of the tax evasion charges filed against it by the Federal Government, signalling a pause in the trial.

Sunday Agaji, the company’s counsel disclosed this before Emeka Nwite of the Federal High Court in Abuja.

Moses Ideho, counsel to the government a deputy director in the legal department of the Federal Inland Revenue Service (now Nigeria Revenue Service), confirmed the development.

Although the matter was slated for continuation of trial, Ideho told the court he had been informed earlier by the defence that the company had approached the tax authority to discuss an out-of-court settlement.

Agaji said discussions were ongoing.

“My lord, parties are exploring settlement. That is essentially where we are,” he said.

Following submissions from both parties, Justice Nwite adjourned the case until May 12 for a report on settlement talks.

( Business Day)

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FAO Names 22 African Women Agrifood Heroes, Nigeria Missing

The UN agency recognises women from 22 African countries for contributions to agriculture, food security and rural development under its global Women Heroes initiative.

Published

3 hours ago

October 13, 2026

OCHEFA

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Image credit : FAO

By Ochefa

The Food and Agriculture Organization of the United Nations (FAO) has recognised 22 African women among its 100 Women Heroes in Agrifood Systems and Rural Development, with Nigeria conspicuously absent from the list.

The initiative, launched to mark the International Year of the Woman Farmer 2026, celebrates women whose contributions are advancing agriculture, strengthening food security and transforming rural communities worldwide.

The honourees represent diverse segments of the agrifood value chain, with achievements spanning market access, job creation, skills development, environmental conservation and the preservation of indigenous knowledge.

According to the initiative, their work demonstrates the critical role women play in building inclusive, sustainable and resilient agrifood systems.

22 African Honourees

The 22 women recognised come from different parts of the continent.

They include Teresa de Castro Vieira Mariz of Angola; Senait Gezahegn of Ethiopia; Lembie Tlhalerwa of Botswana; Simone Kountangni of Benin; and Amal Mekni of Tunisia.

Others are Grace Tumeo Bwanali of Zambia; Victoria Matebogo of South Africa; Didja Djaili Garga of Cameroon; Sanou Adiarra of Burkina Faso; and Zipporah Nyaguthii Gitonga of Kenya.

The list also features Sylvie Yakanandji of the Central African Republic; Pelegrinah Musingwini of Zimbabwe; Basamat Suliman Mursal Khalil of Sudan; Brenda Tsiba Djouassa of Gabon; and Alimata Coulibaly of Côte d’Ivoire.

Completing the list are Crescentia Mushobozi of the United Republic of Tanzania; Hasna Meeke Ahmed of Djibouti; Rozina Mebrahtu of Eritrea; Awa Jagne of The Gambia; Malerato Mary Khoeli of Lesotho; Berdiss Mohamed of Mauritania; and Nadege Uwamahoro of Rwanda.

Nigeria’s Absence Raises Questions

Despite agriculture’s importance to Nigeria’s economy and the livelihoods of millions of Nigerians, no Nigerian woman appears among the 22 African honourees identified in the list provided.

The omission raises questions about the visibility and international recognition of Nigerian women working across the agricultural value chain, from farming and processing to agribusiness, research and rural development.

Business

Global smartphone shipments fall 20% in Q3 2026, lowest in 14 years

“Consumers are holding on to their devices longer than estimated, increasingly considering refurbished devices and prioritizing higher-value devices,” said Shilpi Jain, a senior analyst at Counterpoint Research.

Published

13 hours ago

October 13, 2026

OCHEFA

20 Views

Counterpoint Research has reported drops in global smartphone shipments by 20% year on year in the third quarter of 2026, hitting the lowest level for the period in 14 years, or since 2012.

The report published on Monday showed that persistent memory shortages and rising component costs disrupted supply and pushed retail prices up.

Smartphone retail prices have increased by 20% so far in 2026 as manufacturers pass higher memory costs on to consumers.

Counterpoint said rising prices for DRAM and NAND memory components inflated bill of materials (BOM) costs, deepened supply shortages and disrupted shipments.

Manufacturers were forced to adjust shipment plans, raise prices and prioritise profitability over sales volumes.

The pressure is changing consumer behaviour. Buyers are holding on to their devices longer and considering alternatives.

According to the report, Samsung and Apple gain market share during the period under review.

Samsung retained its position as the world’s largest smartphone manufacturer in the third quarter, accounting for 23% of global shipments despite a 3% year on year decline in shipment volume.

Counterpoint attributed Samsung’s performance to demand for its Galaxy Z Fold8 series and stable component supplies for its mid-range devices.

Apple’s market share reached 22%, crossing 20% for the first time in a third quarter, despite a year on year decline in shipments.

The absence of a base iPhone 18 model resulted in a smaller launch-month channel fill than the full iPhone 17 lineup a year earlier.

Counterpoint said the iPhone 18 Pro models recorded a stronger launch than their predecessors, particularly in China and India, while continued momentum from the iPhone 17 series helped offset the shipment decline.