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FG assures manufacturers free trade zones will boost exports

The Federal Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has reassured manufacturers that Nigeria’s free trade zones are aimed at boosting exports and will not undermine local industries. Speaking at a press briefing in Lagos, she emphasized that the zones are designed to operate within guidelines that promote economic growth and address stakeholders’ […]

News

Illicit flows cost Nigeria, others $1.6bn daily – AfDB

The African Development Bank Chief Economist, Kevin Urama, has disclosed that Africa loses approximately $1.6 billion daily due to illicit financial flows and profit shifting by multinational corporations operating on the continent. This significant financial leakage undermines economic growth and development in African nations. Urama made this revelation during an interview, according to The Punch. […]

News

Nigeria remains oil, gas investment destination – TDF

The Democratic Front has highlighted Shell’s $5 billion Final Investment Decision for the Bonga North Deep Offshore field as evidence of the Tinubu administration’s investment-friendly policies, emphasizing its commitment to driving growth in Nigeria’s energy sector. This was disclosed in a statement signed by the Chairman, Mallam Danjuma Muhammad, and Secretary, Chief Wale Adedayo on […]

Russia blocks Telegram in two regions over security concerns
Tech

Telegram, Tencent begin licensing for Malaysian platform operations

The Malaysian Communications and Multimedia Commission confirmed that Telegram and Tencent (WeChat) have initiated the licensing process to comply with Malaysia’s regulatory requirements. “MCMC commends both Telegram and Tencent for their commitment to comply with the licensing requirements. Both platforms are expected to meet the necessary requirements to operate in Malaysia soon,” ot said in […]

News

Red sea conflict slashes Egypt’s Suez Canal revenue

Houthi attacks on ships in the Red Sea have severely disrupted global trade, causing Egypt to lose around $7 billion in Suez Canal revenue for 2024. These attacks forced shipping companies to reroute vessels, leading to delays, higher shipping costs, and a significant economic impact on Egypt, which heavily depends on the canal for income. […]

Aviation

Azerbaijan Airlines president hails pilots after Kazakhstan plane crash

The president of Azerbaijan Airlines praised the pilots of flight J2-8243 following a crash in Kazakhstan on Wednesday. While both pilots were among the 38 fatalities reported by Kazakh authorities, their actions may have helped 29 of the 67 people onboard survive. Samir Rzayev, the head of Azerbaijan Airlines told reporters on Wednesday that the […]

Over one million Canadian applications pending despite backlog drop
News

Over one million Canadian applications pending despite backlog drop

Canada’s ongoing immigration backlog has long been a point of concern, but recent updates from Immigration, Refugees, and Citizenship Canada suggest some progress in tackling the growing volume of pending applications. As of November 30, 2024, the total number of applications being processed stands at 2,267,700, with 1,006,500 of those in backlog, exceeding the IRCC’s […]

OPEC+ lacks capacity to raise oil prices, says expert
News

OPEC+ lacks capacity to raise oil prices, says expert

OPEC+ may have managed to stay united despite market speculation, but it does not have the ability to push oil prices much higher, according to Vandana Hari, founder of Vanda Insights and global energy market expert. In an interview with CNBC, Hari discussed OPEC+’s strategy and the limits of its influence on the global oil […]

Coursera reveals top 10 tech skills in demand for 2025
News

Coursera reveals top 10 tech skills in demand for 2025

Online skills training platform Coursera has released its “Job Skills of 2025” report, identifying the top 10 tech skills expected to be in high demand. The findings, based on insights from over five million enterprise learners and more than 7,000 institutional customers, shed light on the skills employers are actively seeking. Among the top skills […]

Global efforts intensify to address submarine cable ruptures
News

Finnish authorities probe baltic sea power cable outage

Finnish Prime Minister Petteri Orpo announced on Wednesday that a power cable connecting Finland and Estonia beneath the Baltic Sea has experienced an outage, prompting an investigation into the incident. In a statement on X, Prime Minister Orpo confirmed that power transmission through the Estlink-2 cable stopped on Wednesday and that authorities were investigating the […]

News

NBS allocates ₦35m for cybersecurity after website hack

The National Bureau of Statistics has allocated ₦35 million in its 2025 budget proposal for “Capacity Building on Cybersecurity and Data Centre Management.” This move follows the December 18, 2024, cyberattack that compromised the agency’s website, highlighting vulnerabilities in its systems. The funding is expected to enhance staff training, improve cybersecurity measures, and safeguard critical […]

featured

Petrol price cut in response to market conditions – Dangote

The President of Dangote Industries Limited, Aliko Dangote, had stated that the recent reduction in the price of petrol to N899.50 per litre at its loading gantry was primarily influenced by the complex dynamics of market forces. He also explained his responsibility to protect both the interests and investments of the multibillion-dollar company. This was […]