NNPC Dismiss Report Of Awarding Pipeline Contracts To “Northern Oil Cabal”
The Nigerian National Petroleum Company (NNPC) Limited has dismissed reports that it gave contracts for the rehabilitation of pipelines throughout the nation to a “northern oil cabal.” The Nigeria Extractive Industries Transparency Initiative (NEITI), the Infrastructure Concession Regulatory Commission, and the Bureau of Public Procurement (BPP) were all involved in the selection process, according to […]
Jankara, Bombata, Others Joins List Of Lagos Markets To Be Demolished
In order to facilitate urban rehabilitation, Lagos Island markets like Jankara, Bombata, and Pelewura will be destroyed, according to Governor Babajide Sanwo-Olu on Sunday. This was made known by Sanwo-Olu when he inspected several drainage channels in the state’s Island region. Sanwo-Olu said: “We have come here on a drainage and regeneration call. The entire […]
Taylor Swift tour film Tops $100m In Advance Ticket Sales
Taylor Swift’s Eras Tour concert film has become a box office blockbuster a week before hitting cinemas. Its distributor AMC says global advance ticket sales have topped $100m (£82m), adding demand “has been incredible from the moment it was first announced.” The firm says it took less than 24 hours for the movie to beat its record […]
A Certificate To Own A Car In Singapore Now Costs $106,000
The cost of a certificate to own a large family car in Singapore has jumped to a fresh record high of S$146,002 ($106,619; £87,684). The city-state introduced the 10-year certificate of entitlement (COE) system in 1990 as an anti-congestion measure. Prospective car owners in Singapore must have a COE in order to be able to […]
Lagos Govt. Commence Demolition Of Markets Around Train Stations
The government of Lagos State has started demolishing markets around train stations. Earlier, the Governor of Lagos State, Babajide Sanwo-Olu, had on Wednesday issued a two-day ultimatum to traders selling their wares on train tracks to vacate. The Lateef Jakande Train Station was the first to be demolished as part of the Lagos State Building […]
What China’s Economic Problems Mean For The World
There is a saying that when the United States sneezes, the rest of the world catches a cold. But what happens when China is unwell? The world’s second-largest economy, home to more than 1.4 billion people, is facing a host of problems – including slow growth, high youth unemployment and a property market in disarray. […]
CPPE Urges CBN Governor Cardoso To Urgently Fix Forex Crisis
The Centre for the Promotion of Private Enterprise (CPPE) has urged the newly appointed Governor of the Central Bank of Nigeria, Olayemi Cardoso, to urgently fix the foreign exchange crisis. Muda Yusuf, the director of CPPE, made this known in a statement outlining a ten-point agenda for Cardoso on Sunday. He advised the CBN governor […]
UAW Strike Expands To Dozens Of Sites At GM And Stellantis
The United Auto Workers union (UAW) is escalating its fight with some of America’s biggest carmakers by taking strike action at dozens of parts distribution centres across the US. UAW boss Shawn Fain said the new walkouts would hit 38 sites owned by General Motors and Stellantis, as the row over pay and benefits continues. […]
Nigeria Spent ₦2.34trn On Debt Servicing Within Six Months – DMO
A new report from the Debt Management Office (DMO) states that Nigeria spent ₦2.34 trillion on servicing its debts within six months. Nigeria spent ₦849.58 billion less on debt servicing in the second quarter of 2023 than in the first. This was a decrease of 43.04% from the debt servicing costs of ₦1.49 trillion in […]
iPhone 15: Apple Forced To Ditch Lightning Charger
Apple has confirmed its new iPhone will not feature its proprietary lightning charging port, after the EU forced the change. The tech giant said that the iPhone 15, unveiled at its annual event on Tuesday, would use a USB-C cable as the “universally accepted standard”. A new Apple Watch series was also unveiled with a […]
