Dangote Refinery Slashes Diesel Prices Further Amidst Rising Inflation

Dangote Petroleum Refinery has taken another significant step to address the soaring inflation rates in Nigeria by further reducing diesel prices, from N1,200 to N1,000 per litre. This recent price cut follows a previous adjustment made three weeks ago when the refinery initially lowered diesel prices by over 30%, bringing them down from N1,600 to […]

Tragic Fire Consumes Denmark’s Historic Børsen Stock Exchange

A devastating fire has engulfed Denmark’s historic old stock exchange building in the heart of Copenhagen. The 17th Century Børsen, one of the city’s oldest structures, saw its iconic spire collapse amidst the flames, leaving onlookers in shock. Fortunately, all occupants of the building were evacuated safely, and efforts were made to salvage some of […]

Samsung Regains Top Spot in Smartphone Market, IDC Reports

Samsung has reclaimed its position as the leading smartphone seller, surpassing Apple as Chinese competitors pose a growing challenge to both market giants, according to industry tracker International Data Corporation (IDC) in its report released Monday. Worldwide smartphone shipments surged nearly 8 percent in the first quarter of this year, reaching 289.4 million units, IDC […]

Gov Sanwo-Olu Assesses Idumota Market Fire Damage, Vows Demolition of Unapproved Buildings

Governor Babajide Sanwo-Olu conducted an inspection of the aftermath of a devastating fire at the bustling Idumota market on Thursday, accompanied by state officials. The visit aimed to evaluate the extent of the damage caused by the fire and outline plans for recovery and reconstruction. Expressing concern over the impact of the fire, Governor Sanwo-Olu […]

Binance’s New CEO Emphasizes Commitment Regulatory Compliance Amid Recent Legal Challenges

Richard Teng, the newly appointed CEO of the world’s leading cryptocurrency platform, Binance, has underscored the importance of regulatory compliance for the company’s future success. His remarks come in the wake of recent legal challenges faced by Binance, including allegations of regulatory violations and tax evasion. The cryptocurrency giant has been grappling with regulatory scrutiny […]

Fire Ravages Section of Lagos Island’s Idumota Market

A devastating fire engulfed a section of the bustling Idumota Market on Lagos Island, causing panic and chaos among traders and residents on Tuesday. The blaze, reportedly triggered by a generator explosion, sent plumes of smoke billowing into the sky, visible from miles around. Despite the ferocity of the inferno, firefighters swiftly mobilized to the […]

CBN Sells $10,000 To Over 1,500 BDCs at N1,101/$ to Meet Retail Market Demands

The Central Bank of Nigeria (CBN) has taken proactive measures to address retail market demand for foreign exchange by announcing the sale of dollars to 1,588 Bureau De Change (BDC) operators. In a statement released on Monday, the apex bank disclosed its decision to allocate $10,000 to each BDC at the rate of N1,101 per […]

Investigation Launched After Engine Cowling Detaches from Boeing 737-800

US airline regulators have launched an investigation following an incident where an engine cowling detached from a Boeing 737-800 during take-off and struck a wing flap. The Southwest Airlines flight safely returned to Denver International Airport at approximately 08:15 local time (15:15 GMT) after departing for Houston. The aircraft, carrying 135 passengers and six crew […]

Naira Faces Rejection in West African Markets Amidst Depreciation Woes

The depreciation of the Naira in recent months has sparked significant setbacks in the West African market, with trans-border traders increasingly shunning the Nigerian currency in favor of the CFA or other local currencies of non-francophone countries, according to investigations by Vanguard at the Seme border. Traditionally, the Naira enjoyed status as the preferred medium […]