Buisness
The International Energy Agency (IEA) has projected that global electric vehicle (EV) sales will exceed 20 million units in 2025, making up more than 25 per cent of all new car sales worldwide. This was disclosed in the IEA’s Global EV Outlook Report released on Wednesday. According to the report, EV sales continue to grow despite […]
President of the Dangote Group, Alhaji Aliko Dangote, has affirmed that his $20 billion refinery project is not in competition with the Nigerian National Petroleum Company Limited (NNPC), but rather seeks collaboration to enhance Nigeria’s energy security. Dangote made the statement during a courtesy visit to the newly appointed Group Chief Executive Officer of NNPC, […]
Billionaire philanthropist and Microsoft co-founder Bill Gates has announced plans to donate 99 per cent of his estimated $200 billion fortune while also setting a date to shut down the Bill and Melinda Gates Foundation by December 31, 2045. In a post on his personal blog, Gates Notes, on Thursday, the tech mogul said the […]
The World Bank has called on the federal government to implement targeted reforms to protect Nigeria’s poorest citizens from surging inflation and to promote more productive work opportunities to reduce poverty. In its April 2025 Poverty and Equity Brief for Nigeria, the Bank warned that inflation, driven by economic reforms such as fuel subsidy removal and […]
The Ogun State Government has tendered an apology to motorists and commuters plying the 14-kilometre dualized Ijebu-Ode–Epe Road, following public outrage over what many have described as excessive toll charges. The apology comes amid growing calls for transparency and fairness in the tolling process introduced under the current administration. According to a report carried […]
The World Bank has projected a grim outlook for Nigeria’s poverty rate, warning that more Nigerians are expected to fall into extreme poverty by 2027 despite the country’s abundance of natural resources. This projection was revealed in the World Bank’s Africa Pulse report, released during the IMF/World Bank Spring Meetings in Washington, D.C. The report highlights […]
Alphabet Inc., the parent company of Google, posted strong first-quarter results for 2025, reporting a 12% year-over-year increase in revenue to $90.2 billion. The surge was fuelled by robust growth across Google’s core businesses, especially in search, YouTube ads, subscriptions, and cloud computing. Net income rose sharply by 46% to $23.66 billion, while earnings per […]
The strike action by workers of the Nigerian Meteorological Agency (NiMET) has been officially called off following the intervention of the Federal Government. The strike, which entered its second day on Thursday, had severely disrupted flight operations nationwide, grounding several local flights and leaving passengers stranded at airports in Abuja, Lagos, and other cities. The […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) will soon be carried out as part of ongoing economic reforms by the Federal Government. Speaking at the Nigerian Investor Forum in Washington DC, held on the sidelines of […]
Flight operations across Nigeria were severely disrupted on Wednesday as the strike by workers of the Nigerian Meteorological Agency (NiMet) entered its second day, prompting Air Peace to suspend all its services nationwide over safety concerns. Air Peace CEO Allen Onyema, in a video that surfaced online, ordered an immediate halt to all flights, citing […]
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