Ukraine War: Price Cap On Russian Oil Will Hit Putin Immediately – US
A cap on the price of Russian oil will restrict Russia’s revenues for the “illegal war in Ukraine,” the US says. The cap, approved by Western allies on Friday, is aimed at stopping countries paying more than $60 (£48) for a barrel of seaborne Russian crude oil. The measure – due to come into force […]
FG Set December 5 As Resumption Date For Abuja–Kaduna Train Service
The Federal Government has announced December 5, 2022 as the resumption date for Abuja–Kaduna Train Service. The government of President Muhammadu Buhari announced the resumption of the Abuja-Kaduna train service on Thursday. Fidet Okhiria, Managing Director of Nigeria Railway Corporation, made the announcement on Thursday. According to Okhiria, everything is in place for the services […]
Qatar To Supply Liquefied Natural Gas To Germany From 2026
Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. Officials gave no dollar value for the deal, which would begin in 2026. Under the agreement, Qatar would send up […]
Accumulated Debt:Presidential Jets At Risk Of Foreclosure By Foreign Creditors
Going by some findings and reports, the presidential jets may be at risk of seizure from foreign creditors over accumulated debts. According to Punch, findings revealed that the Presidential Air Fleet (PAF) owes a number of service providers. To meet the required airworthiness, the service providers upgraded the ten aircraft fleet’s. The PAF’s task is […]
Adidas Investigates After Ex-workers Allege Ye Misconduct
Adidas says it is investigating allegations of inappropriate workplace conduct by the rapper formerly known as Kanye West that ex-employees made in an anonymous letter also accusing the German sportswear brand of looking the other way. Adidas, which made his Yeezy line, cut ties with Ye last month over his offensive and antisemitic remarks after […]
US Bans Sale Of Huawei, ZTE Tech Amid Security Fears
The US has banned the sale and import of new communications equipment from five Chinese companies, including Huawei and ZTE, amid concerns over national security. Other companies listed include Hikvision, Dahua and Hytera, which make video surveillance equipment and two-way radio systems. It is the first time US regulators have taken such a move on […]
7 People Dead, Including Shooter, At Walmart Shooting In Virginia: Police
A shooter opened fire in a Walmart in Virginia late Tuesday, leaving six people dead, police said, in the country’s second high-profile mass killing in a handful of days. The assailant is also dead. The store in Chesapeake is now safe and will likely be closed for several days during the investigation, Officer Leo Kosinski […]
Theranos Founder Elizabeth Holmes Jailed For Fraud
Theranos founder Elizabeth Holmes has been sentenced to over 11 years in prison for defrauding investors in her blood testing start-up that was once valued at $9bn (£7.5bn). The former Silicon Valley star falsely claimed the technology could diagnose disease with just a few drops of blood. Holmes, 38, who is pregnant, tearfully told the […]
Naira Redesign: CBN Directs Commercial Banks To Operate On Saturdays Till January 31, 2023
The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to work on Saturdays until January 31, 2023, as part of efforts to ensure Nigerians return old naira notes. The apex bank issued the instruction on Thursday at the CBN fair in Ilorin, the Kwara State capital. Recall that the CBN […]
Ukraine War: Billionaire Andrew Forrest Launches $25bn Fund For Reconstruction
Australian mining billionaire Andrew Forrest has launched an investment fund that is hoped will be worth at least $25bn (£21bn) to help rebuild war-torn Ukraine. Mr Forrest and his wife have committed $500m to the fund, which its organisers say could eventually grow to $100bn. The Ukraine Green Growth Initiative plans to invest in primary […]
