A tragic accident on the bridge connecting New York and Ontario ended in flames on Wednesday, claiming the lives of two individuals in the vehicle and prompting concerns that led to the closure of four U.S.-Canadian border crossings. Initial fears of a potential act of terrorism were dispelled by federal and state authorities after hours Read More…
Month: November 2023
Maguire Accepts Apology from Ghana MP: ‘See you at Old Trafford soon’
“See you at Old Trafford soon,” quipped Harry Maguire in response to an apology from Ghanaian MP Isaac Adongo, who had previously likened Maguire’s football performance to criticisms of Ghana’s Vice-President Mahamadu Bawumia’s economic management. Adongo, in a past parliamentary debate, compared Bawumia’s handling of the economy to Maguire’s play at the heart of Manchester Read More…
Nigeria Olympic Committee plans ahead for 2024 events, says NOC Spokesperson
Tony Nezianya, the Public Relations Officer of the Nigeria Olympic Committee (NOC), revealed in a statement on Wednesday in Abuja that the committee intends to strategise for the upcoming 2024 events, particularly focusing on the Olympics, during its Annual General Meeting (AGM) set for Dec. 13. Nezianya highlighted that during the AGM, the committee plans Read More…
“We have nothing to hide” – Sanwo-Olu at LASBCA inauguration
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…
Nigerian-German economic ties strengthened by $500 million renewable energy pact and gas export deal
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…
Reps pass 2024-2026 budget expenditure framework with 2024 assumption of N700 to $1
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…
OpenAI welcomes back Sam Altman as CEO in a dramatic reversal
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…
National Shipping Line revival in the works as Minister proposes PPP approach
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…
Significant price escalation witnessed across fuel types in October 2023, reports NBS
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…
GIABA urges West African states to prioritise prosecution of illicit financial flows
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…