FAAC allocations affect exchange rate stability – Cardoso
The Central Bank of Nigeria has indicated a significant correlation between monthly disbursements from the Federation Account Allocation Committee and liquidity levels in the banking system. The CBN noted that…
British Airways grounds flights amid Middle East tensions
British Airways has announced the suspension of all flights to and from Tel Aviv until Wednesday, citing escalating military conflict between Israel and Hezbollah. The move comes as Israel intensifies…
TikTok removes Russian accounts over alleged US election interference
TikTok has deleted accounts linked to two Russian state-affiliated media organizations, Rossiya Segodnya and TV-Novosti, for allegedly attempting to exert covert influence on the upcoming U.S. presidential election. These organizations…
CBN raises interest rate to 27.25%
The Central Bank of Nigeria's Monetary Policy Committee has increased the interest rate by 50 basis points to 27.25%. This move is likely aimed at curbing inflation and stabilizing the…
X to allow blocked user view public posts
X, formerly known as Twitter, is set to change the functionality of its block feature, allowing users who have been blocked to see public posts from the accounts that blocked…
OpenAI’s official account hacked by suspected cryptocurrency scammers
OpenAI’s official press account on X has reportedly been compromised by cryptocurrency scammers, mirroring previous incidents involving the company’s leadership. On Monday afternoon, OpenAI Newsroom, a newly created account intended…
Direct lifting of product from Dangote will crush pricing – Oil marketers
Oil marketers have assured Nigerians of a potential decline in the prices of Premium Motor Spirit or petrol as they prepare to begin direct product lifting from the Dangote Refinery.…
Passengers panic as plane windshield shatters during landing in Abuja
Passengers aboard an Air Peace Embraer ERJ 145 were thrown into panic on Monday when the aircraft's windshield shattered during its landing at Nnamdi Azikiwe International Airport in Abuja. The…
2025: Qatar to fund scholarships for students from developing countries
Lusail University in Qatar has announced an exciting opportunity for international undergraduate students: a fully funded scholarship program for the 2025 academic year. This initiative aims to support aspiring students…
Refinery: Dangote calls NNPC’s withdrawal from 20% stake a ‘Big mistake’
The Chief Executive Officer of the Dangote Refinery, Aliko Dangote has criticized the Nigerian National Petroleum Company’s decision to back out of its plan to acquire a 20% stake in…
FEC approves N158bn contract for Lekki Deep Sea Port service lanes
The Federal Executive Council has recently approved a significant contract worth N158 billion for the construction of service lanes connecting the Lekki Deep Sea Port to the Shagamu-Benin Expressway via…
