In a major boost for Manchester City, Erling Haaland has signed a new 9.5-year contract, extending his stay at the Etihad Stadium until 2034. The Premier League champions announced the deal on Friday, marking a long-term commitment from one of football’s brightest stars. The 24-year-old striker’s previous contract was set to expire in June 2027,…
The Nigeria Governors’ Forum (NGF) has voiced strong opposition to any plans to increase the Value Added Tax (VAT) rate, stressing the need for reforms that safeguard economic stability and prioritize the welfare of Nigerians. During a meeting with the Presidential Tax Reform Committee on Thursday, the governors discussed the country’s fiscal policies and outlined…
President-elect Donald Trump credited his incoming administration for playing a decisive role in the recently announced ceasefire agreement between Israel and Hamas. The deal, which involves the release of Israeli hostages in exchange for Palestinian prisoners, is awaiting approval from Israel’s security cabinet. Once ratified, it is set to go into effect on Sunday, just…
Nigeria’s foreign exchange (FX) reserves have taken a notable hit, losing $359.81 million in just one week. As of January 13, 2025, the reserves stood at $40.56 billion, marking a sharp decline from the $40.91 billion peak recorded on January 7, 2025. This drop underscores a concerning downward trend, with implications for the country’s economic…
Romania’s energy ministry has flagged significant national security concerns regarding the proposed sale of E.ON Energie Romania to Hungary’s state-owned energy company, MVM. E.ON Energie Romania, one of the country’s largest energy providers with 3.4 million customers, plays a critical role in Romania’s energy landscape. The potential buyer, MVM, relies heavily on Russian gas, raising…
Social media giant TikTok has announced plans to cease its operations in the United States this Sunday, 19th January, 2025 if a legislator-mandated ban takes effect. The decision would impact over 170 million American users, marking a significant turning point in the app’s presence in one of its largest markets. The shutdown requires TikTok to…
In a historic breakthrough, Israel and Hamas have agreed to a ceasefire in Gaza, coupled with the exchange of Israeli hostages for Palestinian prisoners. This landmark agreement comes after months of intense negotiations mediated by Egypt and Qatar, with substantial backing from the United States. The timing of the deal is notable, as it precedes…
Ripple’s native cryptocurrency, XRP, soared to $3 on Wednesday, January 15, 2025, marking its highest price since 2018. The 16% surge during U.S. trading hours has been attributed to a combination of a broader crypto market recovery and speculation surrounding potential regulatory changes under the incoming Trump administration. XRP’s price spike pushed its market capitalization…
Nigeria’s inflation rate surged to 34.80% in December 2024, up from 34.60% in November, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Wednesday. The rise, although marginal at 0.20%, reflects increased demand for goods and services typical of the festive season. The December 2024 inflation…
Russia launched a large-scale missile and drone assault on Ukrainian energy infrastructure, marking a severe escalation in its ongoing bombardment campaign. The strikes, which primarily targeted western Ukraine, come at a critical juncture in the conflict as Ukraine continues to push for international support and resources to fortify its defenses. The Ukrainian Air Force reported…
