Olukoyede revealed that corruption-driven mismanagement and substandard practices in the power sector have significantly undermined Nigeria’s electricity infrastructure, resulting in frequent outages and grid failures.
Europe Warned of Incoming U.S. Protectionism: ECB Urges Preparedness to Shield Global Growth European Central Bank (ECB) policymakers voiced concerns on Tuesday about the protectionist trade policies promised by U.S. President-elect Donald Trump, warning that they could threaten global economic growth and put Europe at risk of economic instability. As Trump prepares to implement steep…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has recently forged a groundbreaking agreement with Dangote Refinery to lift petroleum products directly from the facility. This new collaboration aims to streamline the fuel supply chain, reduce operational costs, and ensure a consistent, affordable supply of Premium Motor Spirit (PMS) and other key petroleum products nationwide….
The Rising Cost of Petrol in Nigeria: Understanding the Discrepancy Between Landing and Retail Prices Nigeria has recently witnessed a significant shift in the cost of landing Premium Motor Spirit (PMS), commonly known as petrol, at its ports. Over the past three months, the landing cost has decreased by 20.34%, dropping to N971.57 per litre….
In the aftermath of Donald Trump’s recent election win, a surprising hashtag has resurfaced on X (formerly Twitter): #ArrestBillGates. The hashtag has sparked a renewed flurry of conspiracy theories and misinformation about Bill Gates, the Microsoft co-founder turned philanthropist, who has long been a target for baseless accusations. This trend reflects a pattern of misinformation…
In a significant move to improve passenger rights in Nigeria, the Nigerian Civil Aviation Authority (NCAA), in collaboration with an insurance company and an international technology firm, has introduced a mobile platform aimed at reducing delays and ensuring timely compensation for affected travelers. Unveiled at a recent stakeholders’ meeting held at the NCAA annex in…
Dangote Refinery Set to Begin Fuel Exports to South Africa, Angola, and Namibia Amid Local Controversy The Dangote Refinery and Petrochemical complex, one of Africa’s largest refineries with a capacity of 650,000 barrels per day, is poised to start exporting fuel to South Africa, Angola, and Namibia, according to reports from Punch News. This development…
In a strategic move towards bolstering its brand identity, OpenAI recently acquired the domain chat.com, now redirecting to ChatGPT. The shift marks a notable step in OpenAI’s evolving approach to making AI-powered interactions more accessible and intuitive. The acquisition comes from Dharmesh Shah, the founder and CTO of HubSpot, who initially purchased the domain in…
As the world closely watches a heated U.S. presidential election, oil markets are also feeling the impact. Crude prices edged higher amid a combination of election-driven uncertainty and a looming tropical storm in the Gulf of Mexico that threatens production. West Texas Intermediate (WTI) crude rose by 0.7%, settling close to $72 a barrel after…
Federal Judge Dismisses Lawsuit Against Google Over Alleged Profits from Gift Card Scams A federal judge has dismissed a proposed class action lawsuit that accused Google of unlawfully profiting from gift card scams on its Google Play platform. The lawsuit claimed that Google withheld millions of dollars from victims by not issuing refunds for stolen…
