The Federal Executive Council (FEC)has approved N580.5 million for the procurement of four armoured vehicles to fight dangerous and illicit drugs by the National Drug Law Enforcement Agency (NDLEA). Minister of Justice and Attorney General of the Federation, Abubakar Malami made this known to State House correspondents at the end of the Council’s meeting which […]
Netflix is setting up its own video game studio, as it intensifies its efforts to establish itself in the gaming industry. Based in Helsinki, Finland, it will be led by former Zynga and Electronic Arts executive Marko Lastikka. Netflix has previously purchased small gaming companies, such as Oxenfree developer Night School Studio. But the streaming […]
The Calabar Port has received another large vessel, ‘MV Yong Jin’, laden with 11,800 metric tons of general cargo comprising; heavy-duty trucks, buses, excavators, trucks and pipes. The Manager of the Nigerian Ports Authority (NPA), Calabar Port, Mr Festus Olumati, said this while addressing newsmen in Calabar on Wednesday. He said that the port was […]
The Bank of England has said it will step in to calm markets after the government’s tax-cutting plans sparked a fall in the pound and caused borrowing costs to surge. It warned that if the market volatility continued there would be a “material risk to UK financial stability”. The Bank will start buying government bonds […]
An innovative biometric technology firm, iiDENTIFii says it has raised $15m dollars to fight Cybercrime through biometric authentication and for the company’s expansion across Africa. Founder and CEO, Gur Geva said on Wednesday that the fund was led by African investment company Arise, whose cornerstone investors included Rabobank Partnerships, Norfund, NorFinance and FMO. Geva said, […]
The Senate has commenced debate on a bill for an act to provide for the rotation of power between the six geopolitical zones of the country The bill which passed the first reading earlier this year is sponsored by Senator Abba Moro from Benue South. The bill is generating controversy as some Senators argued that […]
The Super Eagles head coach, Jose Peseiro, has expressed confidence that the Nigerian national team will emerge victorious against the Desert Foxes of Algeria when both teams clash on Tuesday in an international friendly. The Super Eagles and the Desert Foxes will rekindle their age-old rivalry on Tuesday when they clash at the Miloud Hadefi […]
The Bank of England has said it will “not hesitate” to hike interest rates to curb inflation after the pound fell to a record low against the US dollar. The Bank said it was “monitoring developments closely” and would make a decision on any action in November. Its statement came after the Treasury said it […]
The US Navy’s most advanced surface warship is showing its stealthy profile in the western Pacific on a mission that may set the stage for the eventual deployment of US hypersonic missiles to the region. The USS Zumwalt is the first in a class of three multimission guided missile destroyers the Navy says will “create […]
Inspiring confidence during an era of low morale, potential future global damaging economic recession and failing organisational models have been identified among challenges facing organisations in Africa, Asia and Western Europe. These threats are fallouts of the COVID-19 and Russia-Ukraine crises. Their possible panaceas will be addressed by TEXEM UK at its programme coming up […]