Author: Olakunle Oke
Page: 23
China has officially dethroned Japan as the world’s biggest vehicle exporter in 2023, marking a significant shift in the global automotive industry. This achievement can be largely attributed to China’s aggressive push towards electric vehicles (EVs), while Japanese giants like Toyota and Nissan remain cautious in this rapidly evolving market. Official data confirms that China […]
The Independent Media and Policy Initiative (IMPI), an advocacy group, voiced support for President Bola Tinubu’s ambitious plan to cultivate 500,000 hectares of land across the country, potentially aiding in lowering food costs. At a press conference in Abuja, the group’s Chairman, Niyi Akinsiju, lauded the collaboration between the federal government and state governments on […]
The Nigerian National Petroleum Company Limited (NNPCL) held promising talks with a South Korean consortium led by Daewoo E&C, aiming to tap into Nigeria’s vast gas resources. These discussions, held in Seoul, South Korea, signify NNPCL’s strategic drive to leverage its gas reserves and become a leading supplier of clean, affordable energy to the global […]
The Central Bank of Nigeria (CBN) and international airlines operating in the country are at odds over the remaining amount of unpaid ticket revenue trapped in Nigeria. While the CBN claims to have settled all verified claims, amounting to $136.73 million, the International Air Transport Association (IATA) insists approximately $700 million remains outstanding. On Tuesday, […]
Get ready for an economic giant in the making! India is poised to become the world’s third-largest economy by 2027, boasting a colossal $5 trillion GDP, according to the nation’s finance ministry. This exciting prediction arrives just ahead of the highly anticipated interim budget announcement later this week. Fueling this ambitious forecast is India’s impressive […]
Renewed violence in Mangu, Plateau State, threatens the production of a staggering 477,900 metric tonnes of maize – enough to fill 24,000 18-wheeler trucks. This, if lost, could have rippling effects across the nation, impacting everything from flour to beer. Mangu, home to the state’s largest maize market, has faced ongoing attacks for over a […]
The $20 billion Dangote Refinery is set to shake up the oil market, announcing its first-ever import of crude oil from the United States. This groundbreaking move signifies a shift in the global energy landscape, with Nigerian refineries tapping into the abundant US oil supply. Trafigura Group, a major commodities trader, has reportedly sold two […]
The Nigerian naira has plunged to a record low of N1348.63 per dollar, marking a staggering 51.21% depreciation since last Friday and raising alarm bells across the nation. This historic low defies ongoing efforts by the Central Bank of Nigeria (CBN) and the federal government to stabilize the currency, leaving many wondering what lies ahead […]
The Central Bank of Nigeria’s (CBN) controversial plan to relocate some departments to its Lagos office is gaining momentum, with 1,500 staff members scheduled to begin working there this Friday. While the bank touts increased staff safety, boosted productivity, and decongestion as key motivators, the move has sparked heated debate. Proponents, aligned with the new […]
A 45-year-old Alimot Haruna has been taken into custody by the Lagos State Police Command for allegedly smuggling 42 northern children into Lagos without their parents’ consent. Alimot intended to compel all 42 children into child labour and trafficking. It was also learnt that the incident occurred on January 25 at about 5:45 pm. A […]
