The Nigerian presidency has provided clarification regarding Coca-Cola’s decision to withdraw its $1 billion investment pledge, initially made in 2021. In a statement released on Thursday, Bayo Onanuga, Special Adviser to the President on Information and Strategy, addressed reports suggesting that Coca-Cola had failed to honor its previous investment commitment to Nigeria. Onanuga explained that…
According to the platform’s leadership, World Liberty Financial will enable users to lend and borrow cryptocurrencies directly from one another, bypassing traditional financial institutions.
The Federal Government is set to unveil a strategic initiative on Wednesday aimed at establishing Nigeria as a global leader in the rapidly expanding Halal economy. This effort is projected to contribute an additional $1.5 billion to the country’s Gross Domestic Product (GDP) by 2027. The global Halal market, which encompasses a wide range of…
The Nigerian National Petroleum Company (NNPC) has provided a detailed breakdown of the estimated petrol prices that will be charged at its retail stations across Lagos and other states, with products sourced from the Dangote Refinery. This information was disclosed in an official statement issued by Olufemi Soneye, the NNPC’s Chief Corporate Communications Officer. According…
NASA recently celebrated a significant milestone for humanity, as a record-breaking 19 people are currently orbiting Earth. The record was achieved following the arrival of three new crew members at the International Space Station (ISS), marking the busiest period in the planet’s orbit to date. “After Wednesday’s launch to the @Space_Station, there are now 19…
The United States has announced a major contract for the sale of 32 F-35A fighter jets to Romania, marking a significant boost to the Eastern European nation’s defense capabilities. The deal, which is still pending approval from the US Congress, includes the purchase of advanced aircraft and associated equipment from Lockheed Martin, the leading US…
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the Dangote Refinery will begin distributing Premium Motor Spirit (PMS), commonly known as petrol, starting Sunday. Initially, this distribution will be exclusive to the Nigerian National Petroleum Company Limited (NNPCL). This significant development was revealed during a press briefing…
During a recent conversation on an X (formerly Twitter) space hosted by Nairametrics, Mr. Devakumar Edwin, Vice President of Dangote Industries Limited, shed light on the company’s decision to abandon its plans to construct a 1,200-kilometer subsea gas pipeline. The pipeline was initially intended to transport gas from offshore sources to the Nigerian mainland, where…
A group of private astronauts is set to make history on Thursday with the first private spacewalk in orbit, launching from a SpaceX capsule as part of the ambitious Polaris Dawn mission. The crew, which includes a billionaire entrepreneur, a retired military fighter pilot, and two SpaceX employees, has been orbiting Earth aboard the SpaceX…
The Securities and Exchange Commission (SEC) has announced its intention to begin enforcing regulatory actions against individuals and business entities, including cryptocurrency exchanges, that are operating outside of its regulations in the country. Dr. Emomotimi Agama, the Director-General of SEC, disclosed this in a statement on Sunday, reaffirming the commission’s dedication to safeguarding investors. This…
