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Following UK’s experience of record gas prices that threaten huge bills for households as well as undermining food supplies thereby casting doubt on energy firms’ futures, the government on Monday held an emergency meeting with energy and consumer groups. Prime Minister Boris Johnson sought to reassure consumers fearing surging winter […]
Twitter announced Monday it will pay $809m to settle a 2016 lawsuit alleging members of the social network’s leadership, including founder Jack Dorsey, provided misleading information to investors about slowing user growth. The suit claimed the defendants, such as former CEO Dick Costolo, did not disclose the full picture of […]
President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited. Buhari, who doubles as the Minister of Petroleum Resources, gave the directive in consonance with Section 53 (1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation […]
Former President Olusegun Obasanjo has faulted the federal government’s plan to borrow fresh external loans. He said the FG was accumulating debts for the next generation, describing it as “criminal.” President Muhammadu Buhari had on Tuesday submitted a request for approval to obtain fresh external loans of $4.054 billion and […]
A rebel group has claimed a series of mortar attacks launched overnight on the airport of Bujumbura, Burundi’s economic capital, a day before President Evariste Ndayishimiye was due to fly out for the UN General Assembly in New York. The attacks, which did not claim any victims or cause damage, […]
Obadiah Mailafia, former Deputy Governor of the Central Bank of Nigeria (CBN), is dead.The 64-year-old development economist died at the National Hospital Abuja on Sunday morning. Luka Binniyat, the spokesman of the Southern Kaduna Peoples Union (SOKAPU), confirmed Mailafia’s death on Sunday. He became very famous in the country after […]
Governor of Ondo State, Rotimi Akeredolu says southerners won’t support any political party that picks a northern presidential candidate in the 2023 election. Akeredolu said this on Friday during an interview with Channels Television. In two separate meetings, the Southern Governors’ Forum has resolved that the 2023 presidency must be […]
In a bid to stifle a political crisis that pitted him bitterly against his vice president this week following an electoral defeat in legislative primaries, Argentina’s president Alberto Fernandez has announced a new new cabinet on Friday. The reshuffle came one day after Vice President Cristina Kirchner wrote Fernandez to […]
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China. Based on the findings, the World Bank announced it was immediately discontinuing its Doing Business report after the […]
