NewsReports

The Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) has re-elected President Bola Tinubu will serve for another year as Chairman. He was due to step down Tuesday at the end of his initial one-year tenure. But meeting at the 65th Ordinary Session of the Authority, held at the Presidential Villa, Abuja, …

TEL AVIV, Israel — Marking nine months since the war in Gaza started, Israeli protesters blocked highways across the country Sunday, calling on Prime Minister Benjamin Netanyahu to step down and pushing for a cease-fire to bring back scores of hostages held by Hamas. The demonstrations come as long-running efforts to broker a truce gained momentum last week when Hamas dropped a …

The Samoa agreement has been signed by 79 countries across the world to address various aspects of the economy. The Samoa agreement focuses on economic development, security, environment, migration, mobility, and climate change. Other areas include investment opportunities, sustainable development, and mutually beneficial cooperation, among others. The objective of the Samoa agreement is to serve as the legal framework for …

As Nigeria battles an economic crisis sparked by the government’s twin policies of petrol subsidy removal and unification of FX windows, United Kingdom-based Diageo joined about 15 other multinational companies that have exited the country in the past three years. Diageo is the latest to announce its departure on Tuesday, June 11 when it said it will sell its 58.02% …

Crypto investors lost $664m to hackers in the first half of the year, marking a more than 50 per cent increase compared to the same period last year, according to data from DefiLlama. According to the PUNCH, the largest aggregator for decentralised finance stated that the bulk of those losses came from phishing attacks and compromised private keys. It noted …

States across Nigeria experienced another round of blackout on Saturday as the national electricity power grid crashed to 70.60 megawatts around 4 pm, according to report by the PUNCH. It marked the seventh time the national grid would collapse in 2024. The previous collapses were on February 4, April 10, April 15, March 11, March 12, and March 28. During …

This is contained in a statement issued by the Director of Public Affairs and Consumer Protection, Mr Michael Achimugu, on Thursday night, in Abuja. The Nigerian Civil Aviation Authority has suspended the licences of 10 private jet operators who failed to comply with the required recertification process. This is contained in a statement issued by the Director of Public Affairs …

Edun: health (N350b), agriculture (N500b), power generation (N500b) get priority Two million bpd oil production Reduced interest rate for SMEs Three Executive Orders signed The Federal Government has injected N2 trillion into the economy to stimulate it. It was unveiled by President Bola Ahmed Tinubu yesterday as part of an accelerated stabilisation and advancement plan. Its target is economic revival in the …

Starmer declared, “A mandate like this comes with great responsibility.”  Keir Starmer, the Labour leader set to become the first Labour prime minister in 14 years, pledges that his government will prioritise “country first, party second.” Starmer declared, “A mandate like this comes with great responsibility.”  He stressed that his administration would focus on “national renewal,” aiming to rebuild and …

Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump prices and international fuel costs, six industry sources told Reuters. Although this was swiftly described as false by NNPC on Thursday, the Reuters report …