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Browsing Category
Business
Nigerian Security Contractor Intercepts Vessel Transporting Illegal Crude Oil Cargo.
The Nigerian National Petroleum Company Limited (NNPC) announced on Monday that a suspicious vessel carrying a cargo of crude oil has been intercepted by private security…
Senator Ben Bruce Murray Preorders Alef, the First FAA-Approved Flying Electric Car, Envisions a Boundless Future.
Senator Ben Bruce Murray took to his Facebook page to share his exhilaration, announcing his preorder of Alef, the first-ever FAA-approved flying electric car.
In…
Urgent Recapitalization of Nigerian Banks Needed Amidst Naira Devaluation
In recent developments, the devaluation of the Nigerian naira against the United States dollar has ignited discussions on the pressing need to raise the capital…
Fuel Price Doubling in West Africa Disrupts Informal Sector and Economic Activity
West African nations have experienced significant upheaval on their roadsides as the price of cheap contraband petrol from Nigeria has abruptly doubled, causing…
IMF Approves $1.8 Billion in Loans to Aid Senegal’s Recovery and Protect Against Future Shocks
Washington, D.C. - The International Monetary Fund (IMF) has granted approval for approximately $1.8 billion in loans to Senegal, aimed at supporting the nation's…
New Oil Spill in Nigeria Contaminates Farmland and River, Affecting Communities in the Niger Delta
Niger Delta, Nigeria - A recent oil spill at a Shell facility in Nigeria has caused extensive contamination of farmland and a river, disrupting the lives of…
Removal of Petrol Subsidies in Nigeria Causes Price Surge in Neighboring West African Countries
Since Nigeria removed subsidies on petrol, petrol prices in neighboring West African countries have witnessed a significant increase, rising over 40 percent in surveyed markets.…
Starlink Surprises with Astounding Download Speeds Exceeding 600 Mbps in Multiple Tests
SpaceX's Starlink satellite internet network continues to astound users with its remarkable download speeds in Germany. The highly anticipated network, consisting of thousands of…
Abuja-Kaduna train service will resume on December 5 – FG
The Abuja-Kaduna rail corridor would resume duty from December 5, as announced by the Federal Government.
Recall that the Nigerian Railway Corporation (NRC) had suspended train…
Nigeria is not broke – Minister of Finance insists
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said that the country is not broke and can meet its debt obligation in the short, medium and long terms.…