Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) to provide electricity to five million people by the end of 2026, President Bola Tinubu has announced. The President’s remarks were delivered by Minister of Power Adebayo Adelabu at the recently concluded Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania….
A Ukrainian drone attack killed a mother and her two-year-old child in western Russia on Wednesday, local officials reported, as a wave of overnight strikes set an oil refinery ablaze and targeted a nuclear facility. The barrage marks another escalation in the nearly three-year conflict, with both sides intensifying aerial assaults on military and energy…
By Ayomide Otitoju For the first time, Nigeria has been recognized as a partner nation of the BRICS group—comprising Brazil, Russia, India, China, and South Africa—marking a significant milestone in the country’s global economic positioning. This partnership comes at a time when emerging economies are reshaping international trade and economic relations, offering Nigeria a unique…
By Ayomide Otitoju Former Speaker of the House of Representatives, Yakubu Dogara, has disclosed that the Minister of the Federal Capital Territory (FCT), Nyesom Wike, played a crucial role in the emergence of Bala Mohammed as Bauchi State governor in 2019. Dogara made this revelation in an open letter titled “Gov Bala vs HE Wike:…
US chipmaker Nvidia led a dramatic sell-off in technology stocks Monday, as the debut of a low-cost Chinese generative AI model threatened to disrupt American dominance in the booming AI industry. DeepSeek, a Hangzhou-based startup, has unveiled a chatbot reportedly capable of matching the performance of leading US AI systems at a fraction of their…
Fears of upheaval in the artificial intelligence (AI) sector sent shockwaves through Wall Street on Monday after the sudden rise of a ChatGPT-like model from Chinese startup DeepSeek. US President Donald Trump described the development as a “wake-up call” for Silicon Valley. DeepSeek’s latest AI model, the R1, released last week, initially garnered little attention,…
United Nations Secretary-General António Guterres has voiced concern following the United States’ decision to freeze nearly all foreign assistance under President Donald Trump’s administration. The freeze, announced in an internal memo by Secretary of State Marco Rubio on Friday, allows exceptions only for emergency food aid and military assistance to Israel and Egypt. President Trump,…
A new strain of bird flu, identified as highly pathogenic avian influenza (HPAI) H5N9, has been confirmed at a duck farm in Merced County, California, marking the first detection of this variant in poultry within the United States, the World Organisation for Animal Health (WOAH) reported. The outbreak, confirmed on January 13, led to the…
By Ayomide Otitoju Former Anambra State Governor and politician, Peter Obi, has expressed concerns over the state of Nigeria’s democracy, stating that it is “fast losing its essence” due to widespread poverty in the country. Obi highlighted alarming statistics, noting that approximately 100 million Nigerians live in absolute poverty, while 150 million face multidimensional poverty….
