By Ayomide Otitoju Nigeria’s non-oil exports grew 21 percent to $12.8 billion in 2025, driven by policy reforms and trade initiatives under the Federal Ministry of Industry, Trade and Investment (FMITI), the ministry’s 2025 review reported. Overall trade value rose 14 percent, reflecting broader economic expansion. The ministry said the growth marked a key phase…
By Ayomide Otitoju Nigeria’s international electricity customers owed the country $17.8 million (over ₦25 billion) as of the third quarter of 2025, according to the Nigerian Electricity Regulatory Commission (NERC). In its Q3 2025 report, NERC said that Togo, Niger, and Benin were invoiced a total of $18.69 million by the Market Operator for power…
South Korean technology giant Samsung Electronics on Thursday projected a record fourth-quarter operating profit of 20 trillion won ($13.8 billion), driven by surging demand for high-performance memory chips supporting artificial intelligence (AI) applications. The company, a leading global memory chip supplier, said operating profit for the quarter is expected to range between 19.8 trillion and…
The Trump administration announced Wednesday that it will dictate decisions to Venezuela’s interim leaders and oversee the country’s oil sales “indefinitely” following the removal of President Nicolás Maduro. White House Press Secretary Karoline Leavitt said the United States currently has “maximum leverage over the interim authorities in Venezuela” and will continue to coordinate closely with…
A Japanese nuclear regulator employee has lost a work-issued smartphone, possibly in China, containing a confidential list of staff contacts, officials and local media reported. The incident, which came to light this week, occurred amid heightened tensions between Tokyo and Beijing following Japanese Prime Minister Sanae Takaichi’s November remarks that Japan might respond militarily if…
BY Ayomide Otitoju U.S. oil companies are seeking strong legal and financial guarantees from the Biden administration before committing major investments in Venezuela, even as President Donald Trump pushes them to support his plan to reshape global energy markets and help revive Venezuela’s oil industry, the Financial Times reported.The talks underline a growing divide between…
By Ayomide Otitoju The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it will continue its investigation of a former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, despite the withdrawal of a petition filed against him by billionaire industrialist Aliko Dangote. The anti-graft agency disclosed…
By Ayomide Otitoju Gunmen suspected to be herdsmen have launched a fresh attack on the Udeku Maav-Ya community in Mbakyol Council Ward, Turan district of Kwande Local Government Area of Benue State, killing five people. Local sources said the attack occurred on Tuesday evening while residents were harvesting yams and bambara nuts on their farms,…
By Ayomide Otitoju The Oyo State Police Command has launched a manhunt for the gunmen responsible for the attack on the National Forest Rangers’ office in Oloka Village, Oyo State, which claimed the lives of five officers. The Oyo State Commissioner of Police, CP Femi Haruna, disclosed this on Wednesday during an on-the-spot security assessment…
