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By Momodu Favour Operations at the temporary Terminal 3 (T3) of the Murtala Muhammed International Airport were briefly disrupted on Wednesday following an electrical spark that caused smoke within the facility, the Federal Airports Authority of Nigeria has confirmed. In a statement issued by the authority, the incident occurred at about 14:05 hours in […]
Nigeria has shipped its first-ever cargo of Cawthorne crude, a 950,000-barrel consignment loaded from the newly commissioned FSO Cawthorne vessel and bound for India’s Sikka port, which feeds major refining hubs including Reliance’s Jamnagar complex. Beyond its symbolic significance, the export represents a calculated move at a moment of heightened global oil market […]
The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, providing fresh financial backing for Africa’s largest refining complex as it expands production and regional fuel exports. The five-year facility, arranged alongside Access Bank as co-mandated lead arranger, will be […]
Xiamen, China, will host the third leg of the 2026 Wanda Diamond League and the women’s 100 metres hurdles lineup reads like a who’s who of the event’s greatest names, all in the same race, at the same time. Tobi Amusan will be there. Nigeria’s finest, the woman who ran 12.12 seconds in Eugene […]
Africa’s richest man, Aliko Dangote, has yet again assured Nigerians of his refinery’s ability to deliver sufficient fuel locally, while urging the government to maintain consistent crude oil availability at its Lekki facility. In an interview with Al Jazeera, seen on the Punch, Aliko Dangote, President of the Dangote Group, said that […]
Global investors are recalibrating how they price risk across markets, with disparities becoming increasingly pronounced. According to data from NYU professor Aswath Damodaran and analysed by Visual Capitalist, equity risk premiums—the additional returns investors demand to compensate for country-specific risk—vary widely, reflecting deep divides in economic stability, governance, and geopolitical conditions. The […]
Earlier in March, reports showed that Ghana had begun exploring alternative export routes for its gold shipments amid persistent tensions in the Middle East. Over in Southern Africa, Zimbabwe is facing a similar challenge owing to the same problem. Ghana’s logistical challenge stemmed from disruptions in flights to the United Arab Emirates, which […]
The Pentagon has confirmed that U.S. forces have deployed uncrewed drone speedboats, designated as the Global Autonomous Reconnaissance Craft (GARC), for patrol operations against Iran. This marks the first time Washington has officially acknowledged using such armed surface vessels in an active conflict . The vessels are currently operating under “Operation Epic Fury,” […]
By Momodu Favour The Federal Capital Territory Internal Revenue Service (FCT-IRS) has announced a one-month extension for the filing of individual annual income tax returns, moving the deadline from March 31 to April 30, 2026. The extension, disclosed in a statement on Tuesday by the Acting Executive Chairman of the agency, Michael Ango, is […]
While Emmanuel Fernandez celebrated his full debut for the Super Eagles with a goal, the match ended on a sour note as Alex Iwobi was sent off late for violent conduct, marring the performance of Eric Chelle’s side. Following their 2-1 victory over Iran on Friday, Nigeria opted for six changes to the lineup. […]
