The National Drug Law Enforcement Agency (NDLEA) has arrested two suspected drug kingpins in Lagos after weeks of intelligence work. Officers seized consignments of cocaine, heroin, and methamphetamine in the operations. NDLEA spokesperson Femi Babafemi disclosed this in a Sunday statement. According to him, 64-year-old Victor Nwosa was arrested on September 17 at his Okota …
Economist and energy expert, Mr Kelvin Emmanuel, has warned that the actions of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) against the Dangote Petroleum Refinery pose a threat to national security. Mr Emmanuel, the CEO of Dairy Hills, who appeared …
Senator Mohammed Ali Ndume, representing Borno South, has called for urgent military deployment to Kirawa and surrounding communities in Borno State following renewed Boko Haram attacks. His appeal came after insurgents ambushed motorists along the Kirawa–Pulka road on Friday around 3:00 p.m., killing a member of the Civilian Joint Task Force (CJTF) and injuring several …
The Bureau of Public Enterprises (BPE) recently hinted at a plan to list two electricity distribution companies (DisCos) and one generation company (GenCos) on the Nigerian Exchange (NGX). Similarly, the Nigerian National Petroleum Company (NNPC) Limited has been nursing this idea since the state-owned oil firm transitioned into a private-driven enterprise. As desirable as their …
Nigeria's hope for cheaper fuel faces a major hurdle as the 650,000 bpd-capacity refinery begins to demand US dollars for petrol sales, creating a new challenge for marketers. The decision by the Dangote Petroleum Refinery and Petrochemicals to suspend sales of Premium Motor Spirit (PMS), also known as petrol in Nigerian Naira, has raised …
The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have unveiled a nationwide initiative to provide free business registration for 250,000 nano, micro, and small enterprises. The scheme, announced in Abuja during the signing of a Memorandum of Understanding between the two agencies, aims to ease the burden …
For the first time since the beginning of this year, the Central Bank of Nigeria (CBN) acted dovishly, cutting the benchmark interest rate to rein in inflation as investors' appetite trended northward at the stock and foreign exchange (FX) markets. On Tuesday, September 23, after its two-day bi-monthly Monetary Policy Committee (MPC) meeting, CBN Governor …
Ethiopia has signed an agreement with Russia to build a nuclear power plant, marking a significant step in its efforts to diversify energy sources. The deal was finalized in Moscow on Thursday between Ethiopia’s Electric Power Company and Rosatom, Russia’s state-owned nuclear corporation, during a nuclear energy forum. Both sides agreed to draft a detailed …
In Karabok, a remote village in western Kenya, 25-year-old Mary Olouch was buried after a botched abortion claimed her life. Just a few steps away, her young son turns the pages of a photo album, staring at images of the mother he will never truly know. Community health volunteer, Loice Ochieng, believes Mary concealed her …
U.S. consumer spending rose more than expected in August, driven by vacations, dining out, and higher demand for services, keeping the economy on solid ground even as inflation picked up. The Commerce Department reported Friday that household consumption, which makes up over two-thirds of economic activity, climbed by 0.6% after a 0.5% gain in July. …
