Canada is set to launch its first sovereign wealth fund, marking a major shift in how the country plans to invest for the future. Prime Minister Mark Carney announced that the new initiative, known as the Canada Strong Fund, will begin with an initial endowment of C$25 billion (about $18.38 billion). The fund is designed…
Japanese automaker Nissan Motor Co. is making a strategic shift in its African operations, announcing a $45 million investment to expand its manufacturing facility in Egypt. The move is aimed at increasing production capacity by roughly one-third while positioning the country as a key export hub for markets across Africa, the Middle East, and Europe….
President Bola Ahmed Tinubu has called on Nigeria’s newly appointed ambassadors and high commissioners to take an active role in reshaping the country’s global image while driving foreign investment and strategic partnerships. The President gave the directive at the opening of an induction programme for the envoys held at the Ministry of Foreign Affairs in…
Panic and fear gripped residents of Adavi Local Government Area in Kogi State after suspected bandits attacked a school and orphanage, abducting several pupils and staff members in a late-night raid. The incident occurred at Dahallukitab Group of School in Zariagi, a community near Kabba Junction along the Lokoja–Okene road. According to local accounts, the…
Iran’s top diplomat, Abbas Araghchi, has arrived in Saint Petersburg for high-level talks with Vladimir Putin, as diplomatic efforts to ease tensions between Tehran and Washington remain uncertain. The visit comes at a critical moment, following a series of intense diplomatic engagements across multiple regions. Araghchi’s trip to Russia follows earlier stops in Oman and…
China has officially halted the proposed acquisition of artificial intelligence startup Manus by Meta, marking a significant intervention in a high-profile cross-border tech deal. The decision was announced by the country’s top economic planning agency, the National Development and Reform Commission, which ordered all parties involved to terminate the transaction. According to the commission, foreign…
The Lagos State Government has taken a significant step toward improving electricity supply by signing new Power Purchase Agreements (PPAs) with three energy firms—Fenchurch Power, Mainland Power, and Viathan Engineering—to generate about 60 megawatts of power in the first phase of a broader energy expansion plan. Governor Babajide Sanwo-Olu announced that the agreements mark a…
The U.S. Department of the Treasury has introduced new digital payment options, allowing Americans to make voluntary contributions toward reducing the national debt using platforms like PayPal and Venmo. The update is part of an effort to modernize the long-standing “Gifts to Reduce the Public Debt” program as the country grapples with a mounting fiscal…
Nigeria’s richest businessman, Aliko Dangote, has held a high-level meeting with Yousef bin Mohammed Al-Balawi, signaling a renewed push to deepen economic cooperation between Nigeria and Saudi Arabia. The meeting took place at the ambassador’s residence in Abuja’s Diplomatic Quarter, where both leaders explored fresh investment opportunities across key sectors such as energy, infrastructure, and…
A wave of grief and unrest has swept through Langtang North Local Government Area of Plateau State following the killing of a traditional ruler and the subsequent mob action that claimed the lives of three suspected attackers. The monarch, identified as Ponzhi Kwallak of the Kwallak community, was reportedly murdered on Thursday night after unknown…
