The Federal Government (FG), through the Presidential Compressed Natural Gas Initiative (PCNGi), has donated four 50-seater hybrid buses to the Federal Capital Territory Administration (FCTA). FCT Minister Nyesom Wike received the handover on Thursday in Abuja. Presenting the vehicles, PCNGi Chief Executive Officer and Program Director Michael Oluwagbemi said the donation reflects President Bola Ahmed …
By Esther Ososanya Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared the country “open for business” and ready to welcome global and domestic investors, citing a combination of improved macroeconomic indicators, fiscal reforms, and targeted policy measures under President Bola Ahmed Tinubu’s administration. The declaration, made during a press …
By Esther Ososanya The United States has approved a $346 million sale of bombs, rockets, and precision-guided weapons to Nigeria. The move aims to strengthen the West African nation’s fight against rising terrorist violence. The U.S. State Department said in a statement on Wednesday that the deal would “support the foreign policy goals of …
By Esther Ososanya Ukraine’s trade deficit surged to $18.5 billion between January and June 2025, marking a sharp increase from the $12.4 billion recorded during the same period last year, according to fresh data released by the State Statistics Service on Thursday. The widening gap underscores the country’s ongoing struggle to balance imports and exports …
The National Pension Commission (PenCom) has strengthened its engagement with the Nigeria Police Force (NPF) to improve the welfare of officers under the Contributory Pension Scheme (CPS). PenCom’s Director General, Ms Omolola Oloworaran, on Wednesday led a high-level delegation to Force Headquarters in Abuja for a strategic meeting with the Inspector General of Police (IGP), …
By Esther Ososanya The United Nations has sounded the alarm over Yemen’s deepening humanitarian crisis, warning that nearly half of all children under five are suffering from acute malnutrition. The stark message came during a UN Security Council briefing on Tuesday, where officials called for urgent global intervention to curb the worsening food insecurity, displacement, …
By Esther Ososanya As the U.S. and China engage in a growing trade war, Africa is taking advantage of the situation to strengthen its economy and reduce dependency on foreign powers. Experts believe that these tensions could offer Africa a rare opportunity to increase its influence in global trade and investment. China has granted duty-free …
By Esther Ososanya The Nigerian Communications Commission (NCC) has renewed its commitment to fully implement President Bola Ahmed Tinubu’s Executive Order on Critical National Information Infrastructure (CNII). This order classifies telecommunications facilities as key national assets that need strong protection. This development comes after a successful intervention by the Office of the National Security Adviser …
By Esther Ososanya The UK arm of popular jewellery retailer Claire’s is on the brink of collapse, with more than 2,150 jobs now in jeopardy after the company confirmed it is set to enter administration. Claire’s Accessories UK Ltd, which operates 306 stores across the UK and Ireland, has filed a notice of intention to …
By Esther Ososanya Global stock markets soared to unprecedented levels on Wednesday, buoyed by softer-than-expected U.S. inflation figures and mounting investor confidence that the U.S. Federal Reserve will deliver a much-anticipated interest rate cut in September. The MSCI All Country World Index, a benchmark tracking shares across 47 countries, climbed 0.4% to a record 951.74 …
