Long queues have continued to form at fuel stations across Mali’s capital, Bamako, as residents struggle to access petrol amid an ongoing blockade by militants affiliated with al-Qaida. The crisis began in early September when members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) declared a blockade on fuel imports from neighbouring Senegal and Ivory Coast, targeting …
The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal charge filed against MultiChoice Nigeria Limited and its top executives following an amicable settlement between both parties. FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho of the Federal High Court that the commission had filed a notice of withdrawal on August 16 after …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, says the country’s new $2 billion broadband rollout could boost GDP growth, enable digital inclusion, and position Nigeria as Africa’s next global tech exporter. Nigeria is making an audacious bet that fibre-optic broadband and innovation hubs can unlock the nation’s long-anticipated digital wealth. Speaking at …
As Nigeria launches a fresh national drive against vaccine-preventable diseases, the Bill & Melinda Gates Foundation has renewed its call for coordinated action to reach more than two million unvaccinated children across the country. The National Integrated Measles-Rubella and Polio Immunisation Campaign, flagged off on Monday at the Presidential Villa, Abuja, by Nigeria’s First Lady, …
A British Airways flight from London to Abuja made an emergency diversion to Barcelona, Spain, early Monday after a retired Nigerian Air Vice Marshal died onboard. The flight left Heathrow Airport at 11:00 p.m. on Sunday, October 5, and was due to arrive in Abuja by 5:00 a.m. Monday. However, around 1:30 a.m., the pilot …
Nigeria’s economy gained significant momentum in 2024, with Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, announcing a rise in the country’s Gross Domestic Product (GDP) to ₦372.8 trillion, up from ₦309.5 trillion the previous year. President Tinubu described the progress as a clear indication that Nigeria’s fiscal and structural reforms are finally beginning …
Vice President Kashim Shettima has called for restraint and constructive dialogue between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of the Dangote Refinery, warning that no group or individual must hold the nation’s economy hostage. Representing President Bola Ahmed Tinubu at the opening of the 31st Nigerian Economic …
First Lady Senator Oluremi Tinubu has launched the “Flow With Confidence” nationwide initiative to distribute menstrual hygiene packs to schoolgirls. Speaking at the launch in Gombe State, Mrs. Tinubu said the programme would empower young girls by promoting knowledge, dignity, and confidence through safe menstrual hygiene. She stressed that no girl should miss school because …
