MatrixTv

13/05/2025

Court Sentences TikTok Influencers, TDollar and TobiNation to Six Months Imprisonment for Naira Ab¥se in Lagos

The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Babatunde Peter Olaitan and Tobilola Olamide for ab¥sing the Nigerian currency.

The duo was sentenced to six months imprisonment each by Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, May 8, 2025. They were arraigned on separate one-count charges for tampering with Naira notes by spraying them at a social event held on April 8, 2025, at 23 Macdonald Road, Ikoyi.

Both pleaded guilty to the charges, which are p¥nishable under Section 21(1) of the Central Bank Act, 2007.

The EFCC, through its prosecution team and an investigative officer, Ibrahim Bukar, presented evidence including video footage and the defendants’ confessional statements. The investigation was initiated following a viral TikTok video showing Olaitan, also known as TDollar, spraying Naira notes in a nightclub.

Justice Owoeye convicted the defendants and sentenced them to six months in prison, with an option of a N200,000 fine each.

12/05/2025

Congratulations 🎊🎉🎈🍾 Kingtundeenut for becoming a citizen of the United States of America 🇺🇸

12/05/2025

Actor Adeniyi Johnson Raises Alarm about the State of Security in Lagos after his Second Encounter with Robbers in Traffic.

🎥:

12/05/2025

Nigeria’s Economy Records Fastest Growth in a Decade — World Bank

Nigeria’s economy recorded its strongest growth in nearly ten years in 2024, driven by a robust fourth quarter and improved government finances, according to the World Bank.

Speaking on Monday, the Bank’s lead economist for Nigeria, Alex Sienaert, revealed that the economy expanded by 4.6% year-on-year in Q4 2024. He added that early indicators show continued growth into 2025, although high inflation remains a major concern.

The World Bank is set to release its Nigeria Development Update report today in Abuja. The bi-annual report provides detailed insights into the country’s economic performance and key policy issues.

The recent economic boost follows significant reforms under President Bola Tinubu’s administration, including the removal of fuel subsidies, reduction of electricity support, and currency devaluation. These measures have contributed to rising prices, though inflation has shown signs of easing.

Annual inflation fell to 23.18% in February 2025—the lowest since June 2023—from 24.48% in January. Food inflation also dropped to 23.51%, its lowest since September 2022. However, core inflation rose to 24.43% from 23.01%, and monthly consumer prices jumped by 3.90% in March, up from 2.04% in February.

The World Bank projects a 3.6% growth rate for Nigeria in 2025. Sienaert also highlighted that foreign exchange reforms have led to a more stable and unified market, allowing the central bank to rebuild reserves, which now exceed $37 billion.

Government revenue rose significantly in 2024, reaching 4.5% of GDP—an improvement credited to the end of FX subsidies, better tax collection, and higher remittances. This helped reduce the fiscal deficit to about 3% of GDP, down from 5.4% in 2023. However, Sienaert noted that the full revenue gains from subsidy removal are yet to be fully realized.

He warned that despite fiscal progress, high inflation remains a persistent threat and urged the continuation of tight monetary and fiscal policies to maintain stability.

12/05/2025

I’m Not Interested in the AMVCA 😲

Let me speak from my heart today…

I’ve been in this industry for years, giving everything I have to my craft. I’ve played roles that broke me, healed me, and shaped me. But I’ve never done it for awards. I’ve never acted for applause or for a trophy. I’ve done it because storytelling is my calling.

People often ask why I haven’t been nominated for the AMVCA. The truth? I’m not interested. I respect the award and the platform, but it doesn’t define my worth or the value of my work.

My reward is in the people who connect with my stories, the fans who feel seen and heard because of what I do. That is more than enough for me.

I’m not chasing fame. I’m chasing truth.

Thank you to everyone who truly sees me. I love ❤️you all deeply.
–

12/05/2025

"Big 2!!" – Rapper Phyno Celebrates His Daughter On Her 2nd Birthday

23/03/2025

Please ooo
What’s Peller (d TikTok boy) influence I’m d society n Nigeria?

23/03/2025

23/03/2025

The Value of One Single Tree🌳❤️

14/11/2024

Garri wey you get for house better pass shawarma wey another person promise you 🤩🤩🤩

29/09/2024

Tunde Ednut Wrote ✍️
👇
Because of Bobrisky, Your favorite entertainers might be exposed "

Just like Diddy, Bobrisky organizes parties with NO CAMERAS. He doesn't want people to see the men and women she is with. The day that the videos will leak, you will understand how dark the industry is. NO MAN WHO IS STRAIGHT, will be dancing and touching Bob and NO STRAIGHT MAN will contribute money for him .

There is a Cult, there is something going on that the world is yet to see. Just like it's happening in the US, it will happen in Nigeria soon. The names you shall see will shock you

Me| 👇
Hmmmmn 🤔
We all know that they are plenty in Naija and that's why they're fighting tooth and nail to protect him. Many of the celebrities that people are looking up to are among them.
Àwọn eranko jatijati 😡