By Ayomide Otitoju The Presidency has begun the process of settling ₦2 trillion out of the ₦4 trillion in legacy debts owed to electricity generation companies (GenCos) for power supplied to the national grid. This was disclosed by a representative of the Special Adviser to the President on Energy, Olu Verheijen, during a Nigerian Electricity…
Pyramids FC of Egypt secured their maiden CAF Champions League title on Sunday with a 2–1 victory over Mamelodi Sundowns of South Africa, clinching the trophy 3–2 on aggregate in front of a home crowd at Cairo’s 30 June Stadium. In only their second appearance in Africa’s premier club competition, Pyramids rose to the occasion…
By Ayomide Otitoju Paris Saint-Germain finally claimed the UEFA Champions League crown on Saturday night with a commanding 5–0 demolition of Inter Milan, ending a 14-year wait for continental glory under Qatari ownership. The emphatic win at Munich’s Allianz Arena marked the largest margin of victory in a Champions League final and fulfilled the long-cherished…
By Ayomide Otitoju Unity Bank Plc has reinforced its commitment to financial inclusion and the expansion of electronic payments through a strategic partnership with AfriGo, Nigeria’s national domestic card scheme. The alliance aims to promote wider adoption of locally issued cards and enhance access to secure digital transactions within Nigeria’s retail banking sector. The announcement…
Nationalist historian Karol Nawrocki has won Poland’s presidential runoff election, defeating pro-European Union candidate Rafal Trzaskowski in a closely contested race that signals a political setback for the country’s centrist government. Official results released Monday by the National Election Commission showed Nawrocki securing 50.89% of the vote, while Trzaskowski, the pro-EU mayor of Warsaw, garnered…
By Ayomide Otitoju Global credit ratings agency Moody’s Investors Service has upgraded Nigeria’s sovereign credit rating to “B3” from “Caa1”, citing notable improvements in the country’s external and fiscal positions. The announcement was made on Friday, according to a report by Reuters. Moody’s also revised Nigeria’s outlook from “positive” to “stable”, reflecting expectations that while…
By Ayomide Otitoju A new treatment has shown remarkable promise in nearly halving the risk of disease progression or death in patients with HER2-positive metastatic breast cancer, a less common form of the disease that has seen little therapeutic advancement in over a decade. The findings, presented Monday at the American Society for Clinical Oncology…
By Ayomide otitoju Nigeria’s private sector sustained growth into the midway point of the second quarter of 2025, although signs of a slowdown emerged as inflationary pressures persisted, according to the latest Stanbic IBTC Bank Purchasing Managers’ Index™ (PMI®) report. The headline PMI fell to 52.7 in May from 54.2 in April, remaining above the…
By Ayomide Otitoju The Nigerian Meteorological Agency (NiMet) has forecast thunderstorms and rainfall across various parts of the country from Monday through Wednesday, as communities continue to grapple with the devastating flood disaster in Mokwa, Niger State. The floods in Mokwa Local Government Area have claimed 153 lives and destroyed property worth millions of Naira,…
