FG grants licence for 27,000-barrel refinery construction
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved a licence for Process Design and Development Limited…
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Global Internet connectivity grows amid digital divide — Report
The International Telecommunication Union has reported that global internet connectivity has grown; however, the digital divide still persists. In the report, ITU…
Baltic Sea cable damage raises fears of sabotage in Europe
The recent severing of subsea cables in the Baltic Sea has raised alarms over potential acts of sabotage, further straining geopolitical tensions.…
Starlink ordered to halt services in Namibia
Namibia has instructed Starlink Inc. to cease operations immediately, citing the absence of a required telecommunications license, according to Bloomberg. The Communications…
Court grants N100M bail to former FMBN CEO for alleged $65m fraud case
The Federal High Court in Abuja has granted bail to Mr. Gimba Kumo Yau, former CEO of the Federal Mortgage Bank of…
NGX records N502.73bn in transactions for October 2024
The Nigerian Exchange reported a total transaction value of N502.73 billion (approximately $300.05 million) for both domestic and foreign portfolio investments in…
Top 10 most expensive foods in Nigeria for October 2024
In October 2024, Nigeria’s headline inflation rate rose to 33.88%, up from 32.7% in September, marking a 1.18 percentage point increase. According…
OPEC+ delays meeting on oil output strategy
The OPEC+ oil alliance has rescheduled its meeting to finalize its crude production strategy to December 5, according to two delegate sources…
Reps to invite CBN, Banks over unverified POS operators
The House of Representatives on Wednesday resolved to summon the Central Bank Governor, Olayemi Cardoso, and CEOs of commercial banks to address…
Hackers steal $17m from Bank of Uganda accounts
Hackers breached the Bank of Uganda’s systems, stealing 62 billion shillings ($17 million), according to New Vision. The attack was attributed to…
Heineken to launch Gulf’s first large-scale brewery in Dubai
Dubai is set to host the Gulf’s first large-scale brewery as a joint venture involving Heineken NV prepares to produce popular beer…
Nigeria targets 14,000MW of electricity from hydropower
The Federal Government has announced that Nigeria has sufficient water resources to generate 14,000 megawatts of electricity. This was revealed as the…