By Ayomide Otitoju Residents of 22 communities in Ibadan, Oyo State, will face daily three-hour power outages from Monday, January 5 to Friday, January 9, the Ibadan Electricity Distribution Company (IBEDC) has announced. In a statement on Tuesday, IBEDC said the blackout is due to ongoing road construction along Foodco Road and Idi Isin, which…
By Ayomide Otitoju British banking giant HSBC is set to appear before a Paris court this week to finalise a multimillion-euro settlement over alleged dividend tax fraud, a judicial source told AFP on Tuesday. The case forms part of a broader investigation into large-scale dividend tax avoidance schemes that operated across several European countries for…
By Ayomide Otitoju Group Managing Director of Sahara Power Group, Kola Adesina, has said Nigeria’s power sector remains central to the country’s economic and industrial development, with strong prospects for renewed investments driven by reforms, technology, and deeper collaboration among stakeholders. Adesina, who spoke on the “State of the Power Sector and Opportunities Ahead,” said…
Former US President Donald Trump has claimed that about 33.3 per cent of Nigerian immigrant households receive some form of public assistance in the United States. Trump made the assertion in a chart shared on his Truth Social platform on Sunday, detailing welfare participation rates among immigrant households across the country. The post comes amid…
Turkey’s annual inflation eased to 30.9 percent in December, marking the fourth consecutive month of decline and a sharp drop from 44.4 percent a year earlier, official data showed Monday. According to the Turkish Statistical Institute (TUIK), the 12-month average inflation for 2025 stood at 34.9 percent, down from 58.5 percent in 2024. The figure…
By Ayomide Otitoju Dangote Petroleum Refinery has dismissed reports suggesting it is shutting down for maintenance, describing the claims as false and misleading. In a statement issued on Monday, the refinery said its operations remain ongoing, stable, and uninterrupted, with sufficient capacity to meet domestic fuel demand. According to the refinery, it is currently able…
New regulations came into effect in the UK on Monday, banning daytime television and online advertising of high-fat, salt, or sugar foods—commonly referred to as “junk food”—in a move the government describes as “world-leading” in the fight against childhood obesity. The Department of Health estimates the ban, covering ads aired before the 9:00 pm watershed…
By Ayomide Otitoju Swiss food giant Nestlé on Monday announced a precautionary recall of certain batches of infant formula across multiple European countries, including France, Germany, Austria, Denmark, Italy, and Sweden. The company said it identified a “quality issue” in an ingredient sourced from one of its key suppliers. Nestlé confirmed that testing was underway…
By Ayomide Otitoju Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC), has highlighted the benefits of the Nigerian Tax Reform Acts 2025, describing it as a milestone in the country’s pursuit of a robust and sustainable economy. In a series of articles published nationally, Tegbe said the new law represents a comprehensive…
