Long dependent on fossil fuels before emerging a champion of offshore wind power, Danish company Orsted is now struggling to restore its business after dropping several major projects. Orsted was dealt a $4 billion blow last year when it cancelled wind farm projects in the United States, a crucial market for the group. The return … Read more
Maiduguri, Borno state – Two people have been reportedly killed after an improvised explosive device (IED) went off in a housing estate under construction in Dalwa, Borno state. Borno is governed by an All Progressives Congress (APC) chieftain, Professor Babagana Zulum. As reported by Channels Television, the explosion happened around 1 p.m. on Wednesday, December … Read more
The leader of the United Kingdom (UK) Conservative Party, Kemi Badenoch, on Wednesday, said she is not interested in doing Nigeria’s PR, after the Vice-President, Kashim Shettima criticised her for denigrating the country. Badenoch was born in the UK in 1980 to Nigerian Yoruba parents. She, however, returned to Nigeria, where she grew up and … Read more
Findings by Legit.ng show that Nigerian banks are rationing cash in over-the-counter withdrawals and ATMs. The development comes amid worsening cash scarcity nationwide, leading to Point-of-Sale (PoS) operators exploiting the situation to hike their charges by as much as 100%. Banks impose N10,000 cash withdrawal limit Visits to some banks in the Lagos metropolis show … Read more
In Federal University of Technology, Akure (FUTA), where dreams are often forged from sheer will and determination, Caleb Temiloluwa Adewole emerged as a beacon of academic excellence. His story, much like a river carving its path through mountains, is one of resilience, unwavering faith, and an insatiable thirst for knowledge. Caleb Temiloluwa Adewole first-class graduate … Read more
The federal government has said not less than 11 laws that contain provisions on imposition and collection of taxes would be repealed if the proposed tax reforms submitted by President Bola Tinubu are approved. The government also submitted that the reforms aim to scrap over 50 nuisance taxes suffered by local businesses in the country. … Read more
In the year 2024, the sports world mourned the loss of several remarkable Nigerian athletes whose legacies will always be cherished. Below are the notable Nigerian athletes who passed away in the outgoing year: Peter Fregene (October 14, 2024): The iconic former national team goalkeeper, Peter “Apu” Fregene died at the age of 77 after … Read more
South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won in the merger, “making … Read more
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 11th December, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? … Read more
Australia will force Meta and Google to pay for news shared on their platforms under a new scheme unveiled Thursday, threatening to tax them if they refuse to strike deals with local media. Traditional media companies the world over are in a battle for survival as precious advertising dollars are hoovered up online. Australia wants … Read more