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…
The Director General of World Trade Organization WTO, Dr. Ngpzi Okonjo Iweala yesterday said once the fisheries’ subsidies agreement comes into force, it would help prevent illegal fishing of the Nigerian waters The DG made this kown at the launch of the WTO Standard Trade Development Facility (STDF) project in Abuja, applauding Nigeria for being…
President Bola Tinubu has directed the opening of Nigeria’s land and air borders with the Republic of Niger. The Nigerian President Bola Tinubu ordered the land and air borders to be reopened ”immediately” Nigerian President Bola Tinubu has directed the opening of Nigeria’s land and air borders with Niger and the lifting of other sanctions…
Failed asylum seekers are to be offered up to £3,000 to move to Rwanda under a new voluntary scheme. The plan, first reported by The Times, is understood to be a variation of an existing voluntary returns scheme, where failed asylum seekers receive cash to return to their home country. It will be open to…
