Seplat Energy has announced a major transaction with the Nigerian National Petroleum Company (NNPC) Limited, confirming an agreement to sell a 10 percent working interest in the assets held within their joint venture for approximately $281.6 million. The company disclosed the development in a regulatory filing submitted to the Nigerian Exchange (NGX) on Thursday, providing…
The Federal Ministry of Works has indefinitely suspended the planned rehabilitation of a section of the Kara Bridge along the Lagos-Ibadan Expressway, just hours before the project was scheduled to begin. The repair work, which was initially set to commence on July 28, 2026, was expected to last for two weeks and was designed to…
Human rights lawyer Deji Adeyanju has called on President Bola Ahmed Tinubu to declare a state of emergency in Nigeria’s housing sector, warning that soaring rents and exploitative tenancy practices are pushing millions of Nigerians deeper into economic hardship. In an open letter dated July 27, 2026, titled “Declaration of a State of Emergency on…
The International Criminal Court (ICC) has officially removed Karim Khan from his position as Chief Prosecutor after a majority of member states voted in favor of his dismissal during a closed-door session of the court’s governing body. The decision was reached through a vote by the 125-member Assembly of States Parties (ASP), the body responsible…
The Chairman of Bungudu Local Government Area in Zamfara State, Hon. Nura Umar Bungudu, has been abducted by armed bandits following a deadly attack on his residence that claimed the lives of four security personnel. The incident occurred on Friday night, when heavily armed assailants reportedly stormed the chairman’s home in Bungudu town. During the…
Billionaire entrepreneur Elon Musk has made another bold prediction about the future, saying that money could lose much of its importance by 2036 as artificial intelligence and robotics become capable of producing more goods and services than humanity can consume. Speaking in an interview with The Economist, the Tesla and SpaceX CEO argued that rapid…
Samsung has announced plans to introduce native stablecoin support to Samsung Wallet, a move that could bring digital asset transactions to more than one billion Galaxy smartphone users worldwide. The announcement was made during the Galaxy Unpacked event held in London on July 22, where the technology giant unveiled its vision of expanding Samsung Wallet…
Etihad Airways has announced plans to return to the Nigerian market, with daily flights to Lagos scheduled to begin between March 24 and March 27, 2027, marking the airline’s first operations to the country in several years. The announcement followed a high-level meeting in Abuja between officials of the UAE’s national airline and Nigeria’s Minister…
The Nigerian Senate has taken a significant step toward requiring major global social media companies, including Facebook, TikTok, X, Instagram, and other digital platforms, to establish physical offices in Nigeria as part of efforts to strengthen regulation, improve accountability, and unlock greater economic benefits from the country’s growing digital economy. The proposal received widespread support…
Pakistan has reportedly requested a $10 billion Exchange Stabilization Facility from the United States as the country continues efforts to strengthen its economy, stabilize its currency, and reduce pressure on its foreign exchange reserves. According to reports, Islamabad submitted the request to U.S. Treasury Secretary Scott Bessent, seeking a Bilateral Exchange Stabilization Support Facility with…
