Federal Government said the United States and some other foreign countries have offered to assist Nigeria in combating kidnappings and other high-profile crimes. Minister of Information and National Orientation, Mohammed Idris, disclosed this while speaking with reporters at the State House, Abuja, after the Federal Executive Council (FEC) meeting, presided over by President Bola Ahmed…
As many as 60 people are feared to have drowned on a vessel carrying migrants across the Mediterranean from Libya to Italy or Malta, the operators of a charity rescue group said on Thursday.SOS Mediterranee said it rescued 25 people in a “very weak” condition in coordination with the Italian Coast Guard on Wednesday and…
SpaceX launched its Starship rocket on Thursday morning for a third test flight, a huge milestone in Elon Musk’s ambitions to send humans to Mars, although the spacecraft was later lost on re-entry into Earth’s atmosphere. The massive Starship rocket launched from SpaceX’s Boca Chica, Texas-based facility at 9:25 A.M. ET. The rocket reached orbital…
A dozen countries across Africa suffered a major internet outage on Thursday as multiple undersea telecommunication cables reported failures, network operators and internet watch groups said. The MTN Group, one of Africa’s largest network providers, said the ongoing disruptions were a result of failures in multiple major undersea cables. “Our operations are actively working to…
The Presidency has announced an initiative that would see it training 500 inmates selected from each of the nation’s Custodial facilities as part of measures to enhance the reformation, rehabilitation and reintegration processes of inmates. Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education, Abiola Arogundade, disclosed this at a media interface…
President Bola Tinubu says his administration will not condone the activities of bandits terrorising Nigeria or succumb to their demands for ransom to free children held hostage. The President made the statement at Wednesday’s Federal Executive Council meeting held at the Presidential Villa in the nation’s federal capital. No fewer than 280 children, all under…
Goldman Sachs Asset Management, a unit of Goldman Sachs Group, aims to expand its private credit portfolio to $300 billion in five years from the current $130 billion, a senior executive said, laying out an aggressive expansion plan. “It’s a huge opportunity,” Marc Nachmann, Goldman’s global head of asset and wealth management, told Reuters in…
The House of Representatives has summoned Dangote, BUA and other cement manufacturers over what it described as arbitrary increase in the price of cement in the country.Consequently, the House mandated its Committees on Solid Minerals Development, Commerce, Industry and Special Duties to investigate the arbitrary increase in the price of cement by the manufacturers in…
Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000 barrels per day. This is according to OPEC’s monthly oil market report (MOMR). The figure for the month was based on direct communication from Nigeria to OPEC’s authorities. However, based on secondary sources, Nigeria…
The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has announced the allocation of a staggering 2.15 million bags of fertilizer valued at over N100 billion to the Federal Ministry of Agriculture and Food Security (FMAFS), in a groundbreaking development aimed at revolutionising Nigeria’s agricultural landscape. This unprecedented move signals a pivotal…
