X resumes service in Brazil following supreme court ruling
Social media platform X, formerly known as Twitter, became accessible to some Brazilian users on Wednesday, just a day after the country's Supreme Court approved its return to service, affirming…
US proposes remedies to curb Google’s search dominance
The U.S. Department of Justice is considering significant actions aimed at dismantling Google’s dominance in the search market, a move that analysts warn could undermine the company's primary revenue source…
FG launches zero VAT on pharmaceuticals to reduce drug prices
The Federal Government has announced the initiation of a zero Value Added Tax policy on pharmaceutical products and medical devices, aimed at lowering drug prices across the country. In a…
Covenant university ranked Nigeria’s best in 2024 — US Report
Covenant University has been named Nigeria’s top university in the Times Higher Education (THE) 2024 World University Rankings. The Times Higher Education World Rankings is a prestigious annual assessment of…
NNPC allegedly raises petrol price to N1,030/litre
The Nigerian National Petroleum Company Limited has allegedly raised the price of premium motor spirit, commonly referred to as petrol, at its retail outlets. It was observed that the price…
FG forms task forces to enhance investment in Nigeria’s aviation
The Federal Government has formed task forces within the Infrastructure Concession Regulatory Commission and the Ministry of Aviation to enhance investment in Nigeria's aviation sector through public-private partnerships. This initiative…
Nigeria Air deal would require $112m payment to Ethiopian Airlines – Keyamo
Nigeria’s Aviation Minister, Festus Keyamo, revealed that the suspended Nigeria Air deal would have obligated the country to pay Ethiopian Airlines approximately $112 million over three years. This payment was…
FG must focus on fixing the nation’s refineries – ICAN
The Institute of Chartered Accountants of Nigeria has called on the Federal Government to take decisive action to repair the nation’s refineries. In his address at the 2024 Annual Conference…
Okonjo-Iweala calls for subsidy cuts to support developing nations
The Director-General of the World Trade Organization, Dr. Naomi Okonjo-Iweala emphasized the necessity of reducing cotton subsidies, currently totaling $8 billion, to level the playing field for developing countries. This…
US considers Google breakup amid antitrust case
The US Justice Department has informed a federal judge that it is contemplating a recommendation to force Google to divest certain parts of its operations to address the harm caused…
Oil prices stabilise amid Middle-East uncertainty
Oil prices steadied in Asian trading on Wednesday as traders balanced concerns over the ongoing Middle East conflict with persistent bearish market fundamentals. Brent crude futures increased by 11 cents,…
S’Korean consortium plan four 100,000-barrel refineries in Nigeria – FG
The Federal Government announced on Tuesday that a consortium of investors from South Korea has finalized plans to build four refineries, each with a capacity of 100,000 barrels, at various…
