In a revealing account at the recent Afreximbank Annual Meetings, Aliko Dangote, Africa’s wealthiest individual and founder of Dangote Group, shared a harrowing tale of resilience against sabotage attempts by local and international criminal entities on his ambitious $19 billion refinery project. Dangote described these entities as an “oil mafia,” which he suggests have vested Read More…
Month: June 2024
Finidi George resigns as Super Eagles coach amidst World Cup Qualifier turmoil
In a stunning turn of events, Finidi George has resigned from his position as the head coach of Nigeria’s national football team, the Super Eagles. This decision follows a series of disappointing performances by the team in the 2026 FIFA World Cup qualifiers, culminating in a critical meeting between the Nigeria Football Federation (NFF) leadership Read More…
SEC issues stern warning on Davido meme coin investment
The Securities and Exchange Commission (SEC) of Nigeria has issued a stark warning to investors regarding the burgeoning trend of meme coins, specifically citing the $Davido coin, which has recently gained media attention due to its association with the renowned Nigerian artist David Adeleke, popularly known as Davido. In May, Davido made headlines by entering Read More…
Commuters injured as vehicles collide in Ketu-Ojota road mishap
A traffic mishap involving a trio of vehicles led to injuries for approximately 15 commuters at Ketu, heading towards Ojota, Lagos. The incident was confirmed by Dr. Olufemi Oke-Osanyintolu, the Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), in a statement to the press. The emergency was reported through the state’s toll-free numbers, Read More…
Fire incident averted at Magodo residence
In a swift response to an emergency call, the Lagos State Emergency Management Agency (LASEMA) successfully managed a fire outbreak at a residential duplex in the serene Magodo Phase II area. The incident, which occurred early Friday morning at No. 16 Alhaji Jubril Street, saw the LASEMA team promptly arrive at the scene following distress Read More…
Nigeria to launch Electronic Blood Management System amidst blood donation milestone
In a significant move to revolutionise the healthcare system, Nigeria is set to introduce an Electronic Blood Management System (EBMS) to enhance the delivery of blood services across the nation. This announcement was made by Prof. Muhammad Pate, the Coordinating Minister of Health and Social Welfare, during a press briefing marking the 2024 World Blood Read More…
Seplat Energy nears completion of ExxonMobil asset acquisition amidst legal hurdles
In a landmark move that could reshape the landscape of Nigeria’s oil industry, Seplat Energy is on the verge of concluding its acquisition of ExxonMobil’s Nigerian shallow water oil assets, valued at a colossal $1.28 billion. This development comes after the Nigerian National Petroleum Corporation (NNPC) withdrew its legal challenge against the sale, which had Read More…
Nigeria drops tax evasion charges against Binance executives
Nigeria has withdrawn tax evasion charges against two Binance executives, following the appointment of a local representative by the world’s largest cryptocurrency exchange to handle legal proceedings in the country. “We await the court’s ruling on this, discharging Tigran from this matter completely,” stated a Binance spokesperson, emphasising the significance of the court’s decision in Read More…
ANC and Democratic Alliance Forge Historic Government Alliance in South Africa
In a groundbreaking development for South African politics, the African National Congress (ANC) and the Democratic Alliance (DA) have agreed to form a government of national unity. This unprecedented collaboration marks a significant departure after 30 years of ANC rule, allowing President Cyril Ramaphosa to secure a second term in office with 283 votes from Read More…
U.S. Supreme Court strikes down federal ban on bump stocks, a blow to anti-gun campaigners
In a significant ruling on Friday, the U.S. Supreme Court declared a federal ban on “bump stock” devices unlawful. These devices enable semiautomatic weapons to fire rapidly like machine guns. The court’s decision, which rejected another firearms restriction enacted under former President Donald Trump, is a setback for anti-gun campaigners. In a 6-3 ruling authored Read More…