President Vladimir Putin met with United Nations Secretary-General Antonio Guterres, who visited Russia for the first time in over two years to attend the BRICS Summit in Kazan. Putin spoke with Guterres behind closed doors on Thursday evening, the final Read more…
The Federal Executive Council (FEC) yesterday approved borrowing roughly $618 million from a group of financiers to buy six Italian-made M-346 attack jets and ammunition for the country’s air force, Information Minister Mohammed Idris said. Earlier this month the air force Read more…
The Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. In an official statement issued on October 24, 2024, and signed by Read more…
The Presidency has made some clarification regarding President Bola Tinubu’s reshuffling of his cabinet. Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, said ministers were not sacked but discharged. Speaking with TVC, Onanuga said the term “sacked” does not Read more…
Members of the BRICS group are not bound by mutual obligations as is the case with the EU but instead share common goals and interests, Kremlin spokesman Dmitry Peskov has said Speaking to reporters on the sidelines of the BRICS Read more…
United Bank for Africa (UBA) Plc, has announced a Profit before Tax (PBT) of N603.48 billion compared to N502.09 billion recorded at the end of the third quarter of 2023. The PBT figure represents a 20.2 per cent increase compared to Read more…
President Bola Tinubu has told Nigerian motorists to either buy petrol at N1000 or the compressed Natural Gas (CNG) at N200. The President said this during a meeting with the company’s executive on Tuesday at the State House, Abuja. He Read more…
The federal government has granted official approval for Seplat Energy’s acquisition of Exxon Mobil’s onshore assets, which are valued at $1.28 billion. Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), confirmed the approval during Read more…
The management of Dangote Refinery has reacted to a report claiming it’s approached court to stop the Nigerian National Petroleum Company Limited (NNPCL) and others from continuing fuel importation. Dangote Refinery, in a statement signed by the Group Chief branding Read more…
In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including China’s Xi Jinping, India’s Narendra Modi, Turkey’s Recep Tayyip Erdogan and Iran’s Masoud Pezeshkian. They will all be in the Russian city of Read more…
President Bola Tinubu has returned to Abuja following a two-week working vacation in the United Kingdom and France. Upon his arrival, the President was welcomed at the Nnamdi Azikiwe International Airport by senior government officials on Saturday evening. Recall that Read more…
The World Bank Group has stated that Nigeria would have entered a fiscal crisis worse than the current situation if the federal government had not taken the bold steps of removing fuel subsidies, floating the currency, and adjusting electricity tariffs, Read more…