Inaugurating the new operational headquarters of the Lagos State Building Control Agency (LASBCA) in Ikeja, Governor Babajide Sanwo-Olu addressed the controversies encircling the state’s procurement process, dismissing them as a distorted representation of the truth. Sanwo-Olu highlighted the unnecessary stir caused by a letter penned by an opposition figure, asserting that the state had no Read More…
In Berlin, Nigerian and German firms have solidified their economic partnership by signing two significant agreements, announced a presidential spokesperson. The deals encompass a substantial $500 million renewable energy pact and a gas export arrangement, marking a pivotal step in bolstering ties between the nations. Union Bank of Nigeria and Germany’s DWS Group sealed a Read More…
The House of Representatives has greenlit the medium-term expenditure framework for 2024-2026, a critical set of assumptions shaping the country’s upcoming budgets. The outlined projections, ratified by President Bola Tinubu’s cabinet before reaching the National Assembly, anticipate the naira to hover around 700 Naira per dollar in 2024, gradually strengthening in the subsequent years. The Read More…
Amidst high-stakes discussions about the future of OpenAI, the company has announced the return of Sam Altman as CEO, just days after his abrupt removal, marking a significant turnaround for the AI powerhouse. The reinstatement of Altman follows intense negotiations, leading to an agreement that also involves a major overhaul of the board of directors, Read More…
In a groundbreaking development, the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, unveiled plans for the potential re-establishment of a national shipping line through a strategic public-private partnership (PPP) arrangement. Speaking at the inaugural stakeholders roundtable focused on Advancing Sustainable Development in Nigeria’s Marine and Blue Economy, held in Lagos, Oyetola expressed the Read More…
The National Bureau of Statistics (NBS) has released its comprehensive reports on fuel prices, revealing an alarming surge in October 2023 compared to previous years. The average retail price of petrol experienced a substantial upswing from N195.29 in October 2022 to a staggering N630.63 in the same month of 2023, marking a significant 222.92 per Read More…
In a bid to combat terrorism financing and tackle financial crimes, the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has emphasised the urgent need for member states to prioritise the prosecution of illicit financial flows. The call came during the 2023 summit for Compliance Officers in West Africa, themed around the “Intersection Read More…
The United States, Israel, and Hamas have agreed to a four-day pause in fighting to allow the release of 50 hostages held in Gaza in exchange for 150 Palestinians imprisoned in Israel, and the entry of humanitarian aid into the besieged enclave. Officials from Qatar, which has been mediating secret negotiations, as well as the Read More…
At Maracana Stadium, the commencement of the World Cup qualifier between Argentina and Brazil faced a half-hour delay due to clashes between Brazilian police and visiting fans, alleged Argentina captain Lionel Messi. Tensions erupted between Brazilian and Argentine fans during the national anthems, leading to a confrontation prompting police intervention. The situation escalated as Argentina Read More…
Nigeria has now slipped to the third spot in Group C for the CAF qualification series leading to the 2026 World Cup. This shift comes after the conclusion of two crucial Match Day 2 games within the group. In a stunning upset at the Huye Stadium in Butare, Rwanda secured a surprising 2-0 win against Read More…
