Nigeria has been admitted as a “partner country” of the BRICS bloc of developing economies. BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations. Last year, the bloc added Iran, Egypt, Ethiopia and the United Arab…
The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe. The 650,000-capacity Dangote refinery, which began operations in January last year, started producing PMS in September, years after the country had relied solely on importation…
Gaming technology and service provider company, pawaTech Group, has signed a four-year licensing agreement with Choplife Gaming to further develop Africa’s leading sports betting brand betPawa in Nigeria. This extension of a successful partnership has positioned betPawa in top positions in markets like Tanzania, Uganda, Rwanda, Benin Republic and Ghana where the brand is licensed…
The Consumer Price Index (CPI), which measures the rate of change in prices of goods and commodities, increased to 34.80 percent in December 2024 compared to 34.60 percent in the preceding month, the National Bureau of Statistics (NBS) said Wednesday. The NBS attributed 0.20 per cent rise in the headline index to the December festive…
Nigerian President Bola Tinubu has arrived in Abu Dhabi to participate in the Abu Dhabi Sustainability Week (ADSW) at the invitation of Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE). The announcement of his arrival was made by his Special Assistant on Social Media, Dada Olusegun, in a post on…
Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Donald Trump follows through with his plans to add a steep 25% import tax on Canadian goods. The preparations show how raising tariffs could kick off a trade war that will ultimately raise prices on several consumer goods around…
Mark Zuckerberg has slammed tech giant Apple for lackluster innovation efforts and “random rules” in a lengthy podcast interview on Friday. Zuckerberg said in an episode of the Joe Rogan Experience, “On the one hand, the iPhone has been great, because now pretty much everyone in the world has a phone, and that’s kind of…
The Los Angeles wildfires are on track to be among the costliest in US history, with losses already expected to exceed $135bn (£109.7bn). In a preliminary estimate, private forecaster Accuweather said it expected losses of between $135bn-$150bn as the blazes rip through an area that is home to some of the most expensive property in…
US aviation giant Boeing has revealed that it is donating $1m to an inauguration fund for President-elect Donald Trump. Google has also confirmed that it has made a similar donation as the two firms join a growing list of major American companies contributing to the fund. The list also includes oil producer Chevron and technology…
Facebook and Instagram owner Meta is scrapping its third-party fact-checking program and replacing it with Community Notes written by users similar to the model used by X. Meta will start in the U.S. by ending its fact-checking program with independent third parties. The company said it decided to end the program because expert fact-checkers had their…
