Abiola

Elon Musk Hints Global Expansion of Starlink Mobile Service Following SpaceX Launch of New Satellites

Elon Musk, the billionaire entrepreneur, has recently hinted that his internet company, Starlink, will soon be launching its direct-to-mobile internet service in the countries where it currently operates. This announcement came shortly after SpaceX, Musk’s satellite company, successfully launched 42 new satellites, including 26 equipped with direct-to-cell capabilities. According to Ben Longmier, one of SpaceX’s…

FG Allocates $800 Million for Nationwide Construction of New Substations and Distribution Networks

The Federal Government has announced that it will soon release $800 million for the construction of new substations and distribution networks as part of the Presidential Power Initiative. This development was revealed by the Minister of Power, Adebayo Adelabu, during a recent facility tour of a power company in China, as reported by the National…

NNPC Launches Gas Exports to Japan and China

The Nigerian National Petroleum Corporation (NNPC) Limited has officially commenced the export of Liquefied Natural Gas (LNG) to the Asian markets, specifically targeting China and Japan. This significant development was announced by Olufemi Soneye, the spokesperson for the national oil company, in a statement released on Monday in Abuja. According to Soneye, the shipments to…

Nigeria’s GDP Growth Has Been in Decline Since 2014, Says Okonjo-Iweala

Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), has highlighted a concerning trend in Nigeria’s economic performance, noting that the country’s Gross Domestic Product (GDP) growth rate has been steadily declining since 2014. Speaking at the annual General Conference of the Nigerian Bar Association (NBA) on Sunday, Okonjo-Iweala emphasized that this downturn signals…

Oando PLC Finalizes $783 Million Acquisition of Nigerian Agip Oil Company

Oando PLC has officially completed the acquisition of Nigerian Agip Oil Company (NAOC) from the Italian energy giant Eni, marking a major achievement in Oando’s strategic vision. The transaction, valued at $783 million, includes not only the purchase consideration but also reimbursement for the assets, representing a significant investment in Nigeria’s energy sector. This acquisition…