By Ayomide Otitoju Nigeria’s headline inflation rate eased to 22.22 per cent in June 2025, down from 22.97 per cent recorded in May, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The latest figure represents a 0.75 percentage point decline year-on-year and an 11.97 percentage point…
By Ayomide Otitoju The Nigerian Electricity Regulatory Commission (NERC) has identified electricity distribution companies (DisCos) as being solely responsible for all recorded casualties in the Nigerian Electricity Supply Industry (NESI) during the first quarter of 2025. According to NERC’s Q1 2025 report, DisCos accounted for 100 per cent of the 26 casualties reported during the…
At least 61 people were killed after a devastating fire swept through a newly opened shopping mall in the eastern Iraqi city of Kut on Wednesday night, authorities confirmed on Thursday. According to Iraq’s Interior Ministry, the majority of victims died from smoke inhalation in bathrooms, while 14 of the deceased remain unidentified due to…
By Ayomide Otitoju FirstBank, a leading financial institution in West Africa, has reaffirmed its commitment to sustainable finance through an enhanced partnership with the United Nations Global Compact (UNGC). The renewed collaboration was spotlighted during the Fourth International Conference on Financing for Development (FfD4), recently held in Seville, Spain, and organized by the United Nations…
By Ayomide Otitoju GbaramatuVoice, a prominent media platform dedicated to the Niger Delta, will commemorate its 10th anniversary with a two-day event scheduled for August 27 and 28, 2025, at the Transcorp Hilton Hotel, Abuja. The milestone celebration will feature a Public Lecture and the Niger Delta Night of Honour, spotlighting a decade of impactful…
China’s economy expanded by 5.2% in the second quarter of 2025, driven largely by strong export performance, according to data released Tuesday by the National Bureau of Statistics (NBS). While the growth matched analysts’ expectations and exceeded the government’s annual target, concerns remain over weakening consumer demand and broader economic vulnerabilities. The April-to-June figure marked…
By Ayomide Otitoju An early morning explosion on Tuesday at an oil production facility in Iraq’s semi-autonomous Kurdistan region forced a temporary suspension of operations, according to U.S.-based operator HKN Energy. The blast occurred around 7:00 a.m. local time (0400 GMT) at the Sarang field, the company said in a statement. No casualties were reported,…
By Ayomide Otitoju Africa’s richest man, Aliko Dangote, has applied for approval to develop a deep seaport along the Atlantic coast in Olokola, Ogun State—near his massive fertiliser and oil refinery operations in Lagos. According to a Bloomberg report on Monday, the proposed port would be located approximately 100 kilometres from the Dangote Fertiliser Plant…
By Ayomide Otitoju Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has called on African entrepreneurs and wealthy individuals to invest boldly in the continent’s development, stressing that Africa’s future lies in transformative local investment, not capital flight. Dangote made the appeal while hosting participants of the Global CEO Africa Programme—an initiative…
