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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 […]
Nigerian football heroes Olusegun Odegbami and Garba Lawal have issued a resounding call to arms for the Super Eagles, urging them to approach their Africa Cup of Nations Round of 16 clash against the Indomitable Lions of Cameroon with a potent mix of caution, focus, discipline, and self-belief. The stage is set for a titanic […]
Nigerian songstress Tems, the captivating voice behind the global smash “Essence,” is poised to make history at the 2024 Billboard Women in Music Event. Not only will she grace the stage, but she’ll do so as the first-ever Nigerian artist to receive the prestigious Breakthrough Award Honor. Tems’ meteoric rise to international fame is no […]
A wave of tension washes over France today as the nation’s Constitutional Council prepares to deliver its verdict on a fiercely contested immigration law. This flagship policy, championed by President Macron but vehemently opposed by rights groups and even some within his own party, stands at a critical juncture. The law proposes a significant tightening […]
