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$350m Cross River railway project gets mapping

The $350m Grand Litora Railway project in Cross River State reached a significant milestone with the presentation of the topographical mapping for the first 104 km of the Calabar-Ugep route. A statement from Rinehooke Investment Ltd, backing the project, confirmed that the mapping was presented at the Tinapa Free Zone Resort on New Year’s Day, […]

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FG allocates N105bn to aviation, plans Kebbi refund

The Federal Government has allocated N105,953,496,365 to the aviation industry in the 2025 budget, marking an increase from N63,317,450,275 in 2024. The FG’s budget also includes a plan to refund N4bn to the Kebbi State Government for the construction of Sir Ahmadu Bello International Airport, Birnin Kebbi. This, however, contradicts advice from stakeholders urging the […]

MTN Nigeria to build infrastructure for network platform
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MTN exits Guinea, sells operations to govt

MTN Group, Africa’s largest network operator by subscriber base, has confirmed the completion of the sale of its Guinea operations (MTN Guinea-Conakry) to the State of Guinea. This was disclosed in a statement by the mobile operator on its website on Thursday. The deal, finalized on December 30, 2024, aligns with MTN’s portfolio optimization and […]

Dangote Refinery's polypropylene to enter market
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Dangote, Heyden, Ardova ink deal for affordable petrol supply

Dangote Petroleum Refinery announced that Heyden Petroleum and Ardova Plc have partnered to ensure the supply of affordable Premium Motor Spirit in Nigeria. In a statement on Thursday, the Dangote refinery revealed that Heyden Petroleum and Ardova Plc, driven by the economic relief from President Bola Tinubu’s crude-for-naira swap initiative, have entered into a bulk […]

How FG can boost Nigeria's digital growth - Analyst
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Telcos propose 100% tariff hike

Nigerian telecommunications companies have requested a 100% tariff increase to cope with rising operational costs, such as inflation and higher service delivery expenses. This was disclosed by the Chief Executive Officer, MTN Nigeria, Karl Toriola, during an interview on Arise TV on Thursday. The CEO however noted that it is still unclear whether the Nigerian […]

Bitcoin demand hits two-year high Argentina amid local currency crash
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Cryptocurrencies rebound in 2025, bitcoin up 2%

Cryptocurrencies started the year on a positive note, recovering from recent losses as investor sentiment improved. Bitcoin’s price rose by 2% on Thursday, bringing its year-to-date gain to 3%, including trading from January 1. The CoinDesk 20 index, which tracks the broader cryptocurrency market, rose by 4%. Solana’s token, a popular Ethereum competitor, led the […]

Meta’s Nick Clegg steps down as global affairs chief
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Meta’s Nick Clegg steps down as global affairs chief

Meta’s president of global affairs since 2018, Nick Clegg, announced his resignation on Thursday, signaling a significant leadership shift at the tech giant. In a post on X (formerly Twitter), Clegg revealed he would be stepping down, with Joel Kaplan, a prominent Republican executive at Meta, taking over the role. This leadership transition comes just […]

Apple TV+ offers free three-day streaming for users
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Apple TV+ offers free three-day streaming for users

Apple is kicking off the new year with a special treat for non-subscribers: free, three-day access to its entire Apple TV+ catalog for anyone with an Apple ID. From Friday, January 3, to Sunday, January 5, users worldwide can stream the platform’s original shows and movies on any device that supports Apple TV+. The free […]

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NNPC rejected Dangote’s $750m offer to manage Nigeria’s refineries – Obasanjo

Former President Olusegun Obasanjo recently revealed that the Nigerian National Petroleum Corporation rejected a $750 million offer from billionaire Aliko Dangote to manage the Port Harcourt refinery. According to Obasanjo, the deal was turned down despite its potential to improve the refinery’s operations. He made this disclosure in an exclusive interview with Channels Television. The […]

Elon Musk’s home sparks dispute with Texas neighbours
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‘Terrorist’ picked wrong vehicle for Trump hotel explosion – Musk

Tesla’s CEO, Elon Musk, has confirmed that the explosion was caused by fireworks and fuel loaded in the truck’s bed, rather than a fault with the vehicle itself. The explosion occurred at approximately 8:40 a.m. local time in the hotel’s valet area, where the Cybertruck, rented in Colorado, had been parked. Investigators believe the driver, […]

Global oil supply hits record high in August - IEA
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Oil prices see modest rise first 2025 trading day

Oil prices saw a slight increase on the first trading day of 2025, with Brent crude rising by 16 cents to $74.80 a barrel and U.S. West Texas Intermediate crude gaining 16 cents to $71.88. Investors are closely watching China’s economic and fuel demand outlook after President Xi Jinping’s pledge to stimulate growth, according to […]