Regional blocs in eastern and southern Africa have appointed former leaders from Ethiopia, Kenya, and Nigeria to oversee peace efforts in the Democratic Republic of Congo (DRC) as fighting escalates in the country’s volatile east. The East African Community (EAC) and Southern African Development Community (SADC) have intensified diplomatic efforts in recent weeks to address…
By Ayomide Otitoju Nigeria’s Gross Domestic Product (GDP) grew by 3.84% in the fourth quarter of 2024, according to a report released by the National Bureau of Statistics (NBS) on Tuesday. This marks an improvement from the 3.46% growth recorded in Q3 2024 and the 3.46% reported in Q4 2023. Services Sector Leads GDP GrowthThe…
By Ayomide Otitoju The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has dismissed former Vice President Yemi Osinbajo’s characterization of former military President Ibrahim Babangida as Tinubu’s tormentor. The remark was made by Osinbajo last week at the public presentation of Babangida’s autobiography, “A Journey in Service”, held at the…
By Ayomide Otitoju The Nigerian National Petroleum Company (NNPC) Shipping has entered into a new joint venture with Stena Bulk and Caverton Marine Limited to transform Nigeria’s maritime transportation. The partnership, announced Tuesday by NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, follows an agreement signed in London last week. The venture will establish a new…
By Ayomide Otitoju Oyo State Governor, ‘Seyi Makinde, has cautioned the All Progressives Congress (APC) against using federal influence to disrupt democratic processes in Osun State. Makinde issued the warning on Sunday during the swearing-in ceremony of 30 newly elected local government chairmen in Osun State. He condemned any attempt to resort to self-help in…
By Ayomide Otitoju Stanbic IBTC Bank’s Corporate and Investment Banking (CIB) division is set to host a high-profile Gas and Infrastructure Conference aimed at fostering strategic collaboration in Africa’s energy and infrastructure sectors. The event, scheduled for Tuesday, February 25, 2025, will take place in Lagos under the theme: “Driving Gas and Infrastructure Opportunities in…
By Ayomide Otitoju The Board of Directors of MTN Nigeria Communications Plc is set to meet on Thursday, February 27, 2025, to review and approve the telecom giant’s audited financial results for 2024. Despite a challenging earnings performance over three consecutive quarters, MTN Nigeria has staged a strong recovery in the stock market. Data from…
By Ayomide Otitoju The Economic and Financial Crimes Commission (EFCC) on Monday, February 24, 2025, presented its first round of witnesses in the trial of former Kogi State Governor Yahaya Bello before Justice Emeka Nwite of the Federal High Court, Abuja. Bello is facing a 19-count charge of criminal breach of trust and money laundering…
Pope Francis, who is hospitalized with pneumonia in both lungs, passed a stable night and is resting, the Vatican confirmed on Monday. The 88-year-old pontiff, who has led the Catholic Church since 2013, was admitted to Rome’s Gemelli Hospital on February 14 after experiencing breathing difficulties. Initially diagnosed with bronchitis, his condition worsened into pneumonia,…
