Latest Articles
Supreme court upholds law banning TikTok
Washington, Jan, 17, 2025 – The popular social media app TikTok will likely go dark for its 170 million American users this Sunday, Jan. 19, after months of fighting the federal government’s demand that it separates from its China-based parent company, ByteDance. The Supreme Court on Friday unanimously upheld the federal law banning TikTok unless ByteDance sells it. Justices heard arguments last week from TikTok and ByteDance, which argued that the ban is a violation of First Amendment rights. The court disagreed. On Thursday, just days before the ban was …
Israeli security cabinet approves ceasefire deal
Jerusalem, Jan. 17, 2025 – The Israeli security cabinet approved a ceasefire deal on Friday, paving the way for the return of the first hostages from Gaza as early as Sunday and bringing a halt to 15 months of conflict that have devastated the coastal strip. The accord is still conditional on the approval of the full cabinet, which was meeting on Friday afternoon. The war between Israeli forces and Hamas has razed much of heavily urbanised Gaza, killed more than 46,000 people, and displaced most of the enclave’s pre-war population …
Fidelity Bank strengthens its management with new board appointments
Lagos, Jan. 17, 2025 – In a strategic move to sustain its impressive performance, leading financial institution Fidelity Bank Plc has announced significant changes to its Board of Directors effective Jan. 14, 2025. According to a regulatory filing on the corporate disclosure portal of NGX Regulation Limited, the Bank has received the Central Bank of Nigeria’s (CBN) approval to appoint Alhaji Abdullahi Sarki Mohammed as an Independent Non-Executive Director, Ms. Obiaku Augusta Okam as a Non-Executive Director, and Mr. Sufiyanu Ibrahim Garba as an Executive Director, all effective Jan. 14, …
Petrol prices now determined by crude oil prices abroad – minister
Abuja, Jan. 17, 2025 – Heineken Lokpobiri, the Minister of State for Petroleum Resources, says petrol prices in Nigeria are now determined by crude oil prices abroad. The minister said this at a stakeholders’ forum organised by his ministry in Abuja on Thursday. He stressed that prices of petrol prices were no longer fixed by the federal government, but by prices of crude oil abroad. Lokpobiri said the federal government was no longer interested in fixing prices of petrol, but more concerned about the quality and availability of the products. …
Dangote Refinery increases petrol price from N899 to N955 per litre
Lagos, Jan. 17, 2025 – The Dangote Refinery has increased the price of petrol from N899 to N955/litre for bulk buyers. The company announced the new development in a statement on Friday. It said its refined products would now be priced at N955 per litre at the loading gantry. The refinery said marketers buying between two million to 4.99 million litres would now buy at N955 per litre, while those buying five million litres and above would buy at N950 per litre. It said the price adjustment applied to all …
CREDICORP to grant loans to 200 members of Nigerian armed forces
Abuja, Jan. 17, 2025 – The Nigerian Consumer Credit Corporation (CREDICORP) is to grant loans to 200 members of the Nigerian Armed Forces. The loan scheme is being organised by CREDICORP in partnership with Fewchore Finance and is part of activities to commemorate the Nigerian Armed Forces Remembrance Day. According to a statement by FewChoere Finance on Thursday, the current loans to 200 to members of the armed forces is under the first phase of its programme. The company said it was targeting to extend consumer credit loans to over …
Nigeria signs $2m agreement with US to expand fibre optic network by 90,000km
Washington D.C., Jan 17, 2025 – The federal government has signed a $2 million grant agreement with the US to expand its fibre optic network by 90,000 kilometers. The deal was signed in Washington D.C. during the just concluded US-Nigeria Technology Dialogue. The Nigerian delegation to the Dialogue was led by Bosun Tijani, the Minister of Communications and Digital Economy. The project is to be funded by the US Trade and Development Agency (USTDA) in its bid to support Nigeria’s National Broadband Plan for 2020-2025. A statement by the …
Boeing resumes 777X test flights after grounding in August
Seattle, Jan. 17, 2025 – Boeing resumed testing for its long-delayed 777X widebody jet on Thursday, with the first flight since the U.S. planemaker grounded the test fleet in August due to the failure of a key engine mounting structure. The grounding came just five weeks after it had started certification flights for the 777-9 with officials from the U.S. aviation regulator onboard. Federal Aviation Administration staff were not on board for Thursday’s flight, according to the company. The 777X is the successor to Boeing’s 777, one of the most …
China population shrinks for third year even with more babies born
Being, Jan. 17, 2025 – China’s population shrank for the third straight year in 2024, even though births rose slightly, underscoring a persistent long-term risk for the economy. The total number of people in China fell by over 1.39 million to 1.408 billion last year, according to data released by the National Statistics Bureau on Friday. https://fbf3d995abf6df39aa1fed5450fde152.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html Around 9.54 million babies were born, which is 520,000 more than the year before. This bump might be partly due to the belief that the Year of the Dragon in the Chinese zodiac …
Global diesel prices spike as US hits Russia with new sanctions
London, Jan. 17, 2025 – Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia’s oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data. The United States imposed its toughest sanctions on Russian producers and tankers yet on Jan. 10 to curb the world’s No. 2 oil exporter’s revenue for its war in Ukraine. Many of the newly-targeted vessels, part of what is called a shadow fleet that seeks to circumvent Western restrictions, have been used to ship …