Abiola

Federal Government Plans 360km/h High-Speed Rail Linking Lagos to Maiduguri

The Federal Government has announced plans to develop a high-speed rail corridor connecting Lagos to Maiduguri, in what could become one of Nigeria’s most ambitious transportation projects. The proposed railway would accommodate trains travelling at speeds of up to 360 kilometres per hour, potentially cutting travel time between major cities and giving Nigerians a faster…

Nigeria Customs Seizes 204 Pump-Action Rifles Hidden Among Household Goods at TinCan Port

The Nigeria Customs Service (NCS) has intercepted 204 pump-action rifles concealed inside a 20-foot container declared as carrying used household goods at the TinCan Island Port in Lagos. The shipment arrived from Turkey aboard the MV Algeciras Express on August 16, 2026. According to Customs, credible intelligence led officers to flag the container for a…

ECB Official Says Central Banks Need to “Go On-Chain” as Blockchain Reshapes Finance

European Central Bank Executive Board member Isabel Schnabel has urged central banks to embrace blockchain technology, arguing that they need to move “on-chain” to remain at the centre of the rapidly changing financial system. Speaking at the Jackson Hole Economic Policy Symposium on August 28, Schnabel said central banks should bring central bank money into…

Japan Seeks Tax Filing Exemption for Trust-Based Stablecoins

Japan’s Financial Services Agency (FSA) is proposing to remove certain tax filing requirements for trust-based stablecoins as part of the country’s fiscal 2027 tax reform plans. The proposal is aimed at making it easier for these digital assets to function as everyday payment instruments, particularly as stablecoin adoption grows in Japan. Under Japan’s current rules,…

Bank of England Governor Warns AI Could Become a Major Threat to Global Financial Stability

Bank of England Governor Andrew Bailey has warned that increasingly powerful artificial intelligence models could significantly increase cyber risks and threaten the stability of the global financial system. Bailey, who also chairs the Financial Stability Board (FSB), raised the warning in a letter to G20 finance ministers and central bank governors ahead of their meeting…

Senegal Becomes First African Country to Locally Manufacture Generic Sickle Cell Treatment

Senegal has made a major breakthrough in the fight against sickle cell disease, becoming the first African country to locally manufacture a generic treatment for the condition. The medicine, branded DREPAF, is a generic version of hydroxyurea, a widely used treatment that can help reduce painful crises, hospitalisations and the need for blood transfusions among…