China Evergrande Group said on Sunday it had made initial progress in resuming construction work with its chairman vowing to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months. Evergrande is the world’s most indebted property developer, with over $300 billion in liabilities. It is […]
Month: December 2021
NNPC ends 2021 with global award for oil, gas reforms
The Nigerian National Petroleum Company (NNPC) Limited has ended the year on a bright note after it won an award as the overall best company in oil and gas reforms at the Open Government Partnership (OGP) global awards which was held in Seoul, South Korea. Nigeria picked the award at the expense of other countries […]
Biden’s first year brings modest changes to U.S. immigration policy
As a presidential candidate last year, Joe Biden slammed the Trump administration’s restrictive immigration policies and pledged to enact comprehensive reform that would reassert America’s commitment to asylum-seekers and refugees. As Biden’s first year in the White House ends, his record on immigration demonstrates as much continuity as change. In perhaps his most visible departure […]
Spider-Man: No Way Home becomes first pandemic-era film to top $1bn
The latest instalment of the Spider-Man franchise has become the first pandemic-era movie to make more than $1bn (£750m) at the global box office. Spider-Man: No Way Home also took the title of highest-grossing film of 2021. It beat out Chinese-made Korean War epic The Battle of Lake Changjin, which has grossed more than $905m […]
Benin Republic hands over container load of Tramadol worth N1.4bn to Customs
The Nigeria Customs Service (NCS), Seme Area Command, has received items suspected to be tramadol capsules concealed with packages of jumbo size adult diapers in a 40-feet container from officers of the Republic of Benin. A statement by the command’s Public Relations Officer, Hussain Abdulahi, revealed that the items have a Duty Paid Value (DPV) […]
SERAP writes Buhari, seeks probe of ‘missing N3.1bn in Ministry of Finance’
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “use his good offices to direct the Attorney General of the Federation and Minister of Justice Mr Abubakar Malami, SAN, and appropriate anti-corruption agencies to investigate allegations that over N3bn of public funds are missing, mismanaged or diverted from the Federal Ministry of […]
Fire guts Next Cash and Carry supermarket in Abuja
Next Cash and Carry, one of Abuja’s biggest shopping malls has been gutted by fire. The mall which is situated in the Jahi Area of the Federal Capital Territory went up in flames around 10:00 am Sunday morning. Thick smoke can be seen around the mall as emergency operatives tried to salvage the situation. The […]
Men in security uniform whisk away Uche Nwosu from church
Gunmen have kidnapped a former gubernatorial aspirant of the All Progressives Congress (APC), Uche Nwosu. Nwosu, a son-in-law to former Governor Rochas Okorocha, was whisked away by the abductors who dressed in security uniform at St. Peter’s Anglican Church, Eziama in Obaire, Nkwerre Local Government Area of Imo State. Unconfirmed reports say the heavily-armed gunmen […]
FCCPC advocates structural approach to tackle electricity issues
The Federal Competition and Consumer Protection Commission (FCCPC) has advocated for a more structural approach to tackle increasing issues in the power sector. Mr Babatunde Irukera, the Chief Executive Officer (CEO) of the FCCPC, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. Irukera said that one […]
Trump Scottish golf resorts claimed over £3m in furlough
Donald Trump’s golf courses and leisure businesses in Scotland claimed over £3m in UK government furlough money, newly-published accounts show. Covid restrictions caused substantial losses at Trump resorts in Ayrshire and Aberdeenshire with both companies reducing staff. Trump Turnberry saw turnover more than halved and it recorded a loss of more than £3m in 2020. […]