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Telegram founder Pavel Durov arrested for child porn, drug trafficking - Prosecutor
News

Telegram founder Pavel Durov arrested for child porn, drug trafficking – Prosecutor

The Russian-born founder of the popular messaging app Telegram, Pavel Durov, was arrested in France on Saturday evening at Le Bourget airport near Paris. The arrest is part of a broader investigation into allegations of child pornography, drug trafficking, and fraudulent transactions on the platform, French prosecutors announced on Monday. French President Emmanuel Macron confirmed […]

DR Congo sues Apple over conflict in minerals supply
News

Anticipation builds up for iPhone 16 ahead 2024 Apple event

Apple has announced it will host its annual fall event on September 9 at its headquarters in Cupertino, California. The highly anticipated event is expected to showcase a new lineup of iPhones, along with updates to other devices and applications. The upcoming announcements are pivotal for Apple as it seeks to address a global sales […]

News

Bread makers deny alleged compromise in quality over rising cost

The Premium Breadmakers Association of Nigeria has firmly rejected allegations that its members are compromising on bread quality in response to rising ingredient costs. This follows the recent revelations from the National Agency for Food and Drug Administration and Control that some bread in the market is failing laboratory tests due to the use of […]

ECOWAS launches $906,205 aid for 2022 flooded Nigerian communities
News

EU gives Nigeria extra €5m for humanitarian crisis 

The European Union has announced a significant boost to its humanitarian assistance in Nigeria, with an additional €5 million allocated to address critical food insecurity and displacement issues. This latest funding increase, revealed in a statement on Monday, August 26, 2024, raises the EU’s total humanitarian support for seven West African countries to €160.6 million […]

News

FCMB, others seek bold reforms to boost non-oil export trade

Stakeholders at the sixth non-oil seminar organised by the First City Monument Bank have called for urgent and decisive actions to transform Nigeria’s non-oil sector into the main engine of economic growth. The seminar, themed “Refocusing Nigeria’s Economic Development Through Non-Oil Exports,” gathered policymakers, financiers, export trade experts, and industry players to address key challenges […]

News

NSE president hails Dangote’s contributions to engineering in Nigeria

The President of the Nigerian Society of Engineers, Margaret Oguntala, has commended the Chairman of the Dangote Group, Aliko Dangote for his contributions to the future of engineering in Nigeria, highlighting the innovative work undertaken in the construction and manufacturing processes at the Dangote Refinery. Oguntala made these remarks on Saturday during a tour of […]

FG to enact rules on flight cancellations, delays
Aviation

North central zone records highest domestic airfares in July 2024 — NBS

The North Central zone in July 2024 reported the highest average domestic airfares in Nigeria, with prices reaching N102,139.71 for a single journey on designated routes. This figure exceeded the national average of N98,561.74, making it the highest among the six geopolitical zones in the country, according to the National Bureau of Statistics Transport Fare […]

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Tinubu to inaugurate upgraded container terminal in Rivers next week

President Bola Tinubu is set to officially inaugurate the upgraded West Africa Container Terminal in Onne, Rivers State, next Wednesday, according to a statement from the terminal operator released on Sunday. According to the statement, the $115 million (approximately N178.2 billion) upgrade project, which began in 2021, represents an unprecedented investment in the facility. It […]

News

Welbeck proposes partnership with FG to boost power supply

The Chief Executive Officer of Welbeck Electricity Distribution, Afolabi Aiyela has proposed a partnership with the Federal Government to enhance power supply in Nigeria’s industrial clusters and free zones. Aiyela made the proposal during a recent meeting with the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, in Abuja, according to a statement released by […]

Ecobank raises $125m in oversubscribed Eurobond issuance
News

Ecobank receives regulatory approvals to launch custody business

Ecobank Nigeria Limited has secured approvals from the Securities and Exchange Commission and the Central Bank of Nigeria to begin its custody business operations in the country. According to a statement released on Sunday, the Ecobank Group will provide custody services through Ecobank Nominees Limited, a dedicated entity established to manage clients’ assets separately from […]

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Power sector challenges are strategic not technical – Minister 

The Minister of Power, Adedayo Adelabu, has stated that the challenges facing Nigeria’s electricity supply industry are primarily strategic and structural, rather than technical. Adelabu made these remarks during a radio program in Ibadan, Oyo State, in response to criticism that his lack of technical expertise made him unfit to lead the power ministry, according […]