Heavily-indebted Chinese property giant Evergrande says it will receive $818m after cancelling a contract to buy land rights for a new football stadium. Construction of the stadium started more than two years ago but has been hit by issues for months. The stadium was for Guangzhou FC, a top tier team that Evergrande bought a […]
Twitter on Thursday said the notion Elon Musk was “hoodwinked” into inking a $44 billion buyout deal defies reason and the facts. In a filing, Twitter rejected counterclaims made by Musk as he fights to walk away from the deal he inked in April to buy the San Francisco-based company. “According to Musk, he – […]
Mr Umana Okon Umana, Minister of Niger Delta Affairs, said that the ministry was joining forces with the Presidential Amnesty Programme (PAP) to end vandalism of oil facilities. Umana made the remark in a statement issued by Neotabase Egbe, Special Adviser, Media, PAP in Yenogoa, on Friday. The minister who was speaking while receiving PAP’s […]
Federal Government says the newly established University of Transportation Daura, in Katsina State will commence academic activities in Sept. 2022. The Minister of Transportation, Mr Mu’azu Sambo, disclosed this during an inspection visit to the university on Thursday in Daura. The minister while inspecting the University project added that the work which started a year […]
Mr Ernest Aubee, the Chairman Ecological Organic Agriculture (EOA) Regional Steering Committee, ECOWAS Commission, on Thursday said that Organic Agriculture is generating lots of resources globally. Aubee said this in Abuja during a two-day national stakeholders meeting on reporting achievements of EOA in Nigeria to the government and national stakeholders. “ECOWAS Commission is promoting Organic […]
Adolescent Girls Initiative for Learning and Empowerment (AGILE), a World Bank-supported project, has offered education support to an 11-year-old girl, Saratu Garba. The Project Communication Officer, Aliyu Yusuf, made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Kano. NAN reports that the report of Garba’s prowess in Arithmetic […]
UN Secretary General Antonio Guterres has called for oil and gas companies to face special taxes. His comments come as surging energy prices sparked by the war in Ukraine push industry profits to new highs. Mr Guterres said it was “immoral” for firms to be profiting from the crisis. Russia’s invasion of Ukraine in February […]
The National Broadcasting Commission (NBC) has imposed a N5 million sanction each on Multichoice Nigeria Ltd., owners of DSTV, TelCom Satellite Ltd., TSTV and NTA- Startimes Ltd., for the carriage of the documentary by the BBC Africa Eye titled, “bandits Warlords of Zamfara.” The Director-General of the commission, Malam Balarabe Ilelah, in a statement on […]
The Bank of England will announce its latest decision on interest rates on Thursday, and is widely expected to raise them for the sixth time in a row. Interest rates currently stand at 1.25%, but the central bank could increase them to as much as 1.75%. If so, that would be its highest level since […]
Former Deputy Senate President, Ike Ekweremadu, will appear before the Central Criminal Court, the United Kingdom in continuation of his organ harvesting trial. Also to appear before the court on Thursday is the lawmaker’s wife, Beatrice and 51-year-old Obinna Obeta, said to have been arrested weeks ago on charges related to slavery and exploitation. Channels […]