Dr Akinwumi Adesina, the president, African Development Bank (AfDB), says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his twitter handle @akin_adesina obtained by the News Agency of Nigeria (NAN) on Friday in Abuja. He said that the investment would strengthen regional trade and […]
Addax Petroleum Development Nigeria Ltd. says a suspected vandal died in Wednesday’s explosion at its flowstation in Izombe, Imo. The oil firm in a statement on Friday by its spokesperson, Mrs Awatt Etta said an unexploded explosive device and the corpse of the suspected vandal were found at the incident site within its Oil Mining […]
The United State (U.S.) says it is committed to preserving Nigeria’s rich cultural heritage and diversity. The Acting U.S. Consul General, Mr Brand Hudspeth said this at the Ancient Rock Art of Nigeria Exhibition Launch Programme at the National Museum on Thursday night in Lagos. He said the U.S. would ensure that the relationship between […]
Leaders in the South East have appealed to President Muhammadu Buhari to release the detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. They made the plea on Friday at a meeting with the President who is on a two-day visit to Ebonyi State. The Chairman of the Christian Association of Nigeria (CAN) […]
Italian luxury brand Gucci will start accepting payments in cryptocurrencies in some of its stores in America. Customers will be able to pay using a number of cryptocurrencies, including Bitcoin, Ethereum and Litecoin. The service will be rolled out later this month at some of its flagship outlets, including Rodeo Drive in Los Angeles and […]
TikTok on Wednesday announced an ad revenue-sharing program with the social media platform’s most prominent creators, moving closer to a model already used by its competitors. The short-video format app has become wildly popular in recent years with more than a billion active users globally, but has been criticized for not providing a way for […]
Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the same period last year. But the firm said pulling out of Russian oil and gas […]
The President of the National Association of Nigerian Students (NANS), Sunday Asefon on Thursday suggested that the union is prepared to hit the streets to protest the strike embarked by the Academic Staff Union of Universities. Mr Asefon made the comment while speaking on Channels Television’s Sunrise Daily. According to Mr Asefon, the government appears […]
Dubai has emerged as a haven for wealthy Russians fleeing the impact of western sanctions over the war in Ukraine. Russian billionaires and entrepreneurs have been arriving in the United Arab Emirates (UAE) in unprecedented numbers, business leaders told the BBC. Property purchases in Dubai by Russians surged by 67% in the first three months […]
The Nigeria Deposit Insurance Corporation (NDIC) said it had embarked on collaboration and cooperation with other deposit insurance agencies globally to address the challenges facing the insurance industry. The NDIC Managing Director/Chief Executive, Bello Hassan, said this at a retreat organised by the Corporation for members of the House of Representatives Committee on Insurance and […]