Abuja, Nov. 18, 2025 – The Nigerian Communications Satellite (NIGCOMSAT) is to transit to software-defined, next-generation satellites by 2028. Jane Egerton-Idehen, its Chief Executive, said this in Abuaj on Monday during a retreat with the theme: ‘Aligning for the Future: Innovation, Collaboration, and Sustainable Growth.’ She said NIGCOMSAT was preparing for the biggest technological transformation in Nigeria’s history which requires not just new infrastructure, but a new organisation, mindset, and culture. Egerton-Idehen said the organisation could not innovate compete globally.with outdated technology “So, what we have presented today is …
US is the biggest recipient of Chinese loans, study shows
Hongkong, Nov. 18, 2025 – The United States is the biggest recipient of China’s lending activities globally, according to a study which tracked Beijing’s credit activities and found it is increasingly lending to higher-income countries over developing countries. The report, published on Tuesday by AidData, a research lab at U.S. university William & Mary, said China’s lending and grant giving totalled $2.2 trillion across 200 countries in every region of the world from 2000 to 2023. China has long been seen as a creditor to developing countries through its …
Bitcoin drops below $90,000 in sign of souring mood
Singapore, Nov. 18, 2025 – Bitcoin slipped below $90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets. The risk-sensitive cryptocurrency has erased 2025 gains and is now down nearly 30% from a peak above $126,000 in October. It traded down 2% at $89,953 in the Asia afternoon, having collapsed through chart support around $98,000 last week. Market participants said a combination of doubts around future U.S. interest rate cuts and the mood in …
Goldman Sachs sees oil prices falling through 2026 on supply surge
New York, Nov 18, 2025 – Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day. The bank forecast Brent crude will average $56 a barrel and WTI $52 in 2026, below current forward curves of $63 and $60. “The 2025-2026 supply wave mostly results from long-cycle projects that saw Final Investment Decisions (FIDs) just before the pandemic, got delayed during Covid, and are now all …
Oil slips as loadings resume at Russian hub
Bengaluru, Nov. 18, 2025 – Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders continued to assess the impact of Western sanctions on Russian flows. Brent crude futures were down 28 cents, or 0.4%, at $63.92 a barrel, as of 0100 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 26 cents, or 0.4%, at $59.65 a barrel. Russia’s Novorossiysk port resumed oil loadings on Sunday after …
Wike and the Naval Officer: Where Is Citizen Nigerian?
By Bunmi Makinwa Lagos, Nov. 18, 2025 – It was difficult to miss the trending videos, photos and reports of Nigeria’s Federal Capital Territory (FCT) Minister Nyesom Wike and Naval Officer Lieutenant A. M. Yerima staring each other down at a property site in Abuja, the Nigerian capital, recently. The full picture may never be known, but there are many versions of the narratives, which may or may not be from Wike’s office or the military establishment. There are numerous write-ups and analyses on whether Wike or the officer …
Naira depreciates to N1,447 to dollar Monday
Lagos, Nov. 18, 2025 – The Nigerian currency, the Naira, depreciated at the official foreign exchange market on Monday, closing at N1,447 to the dollar. The currency lost N3.00 to the dollar on Monday from N1,444 which it closed on Friday. Bid rates quoted at the market on Monday ranged from N1,440 to N1,450.25 to the dollar. The naira depreciated at the market in spite of the injection of $50 million into the market by the Central Bank of Nigeria last week Meanwhile, the naira is being traded at …
Nigeria’s outing at IMF/World Bank annual meetings a resounding success – TMSG
Abuja, Nov. 17, 2025 – The Tinubu Media Support Group (TMSG) has described the just-ended annual meetings of the International Monetary Fund (IMF) and World Bank as another spectacular global showcase of Nigeria’s new economic standing under President Bola Tinubu. The group made the observation in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo. It said the meeting afforded the Nigerian delegation ample opportunity to justify renewed investor confidence in the economy. The statement reads: “The just concluded IMF/World Bank annual meetings, usually held in October, …
Cancer Care: Polaris Bank celebrates with C.O.P.E on 30 years of hope, impact, and partnership
Lagos, Nov. 17, 2025 – The Care. Organization. Public. Enlightenment (C.O.P.E) has marked three decades of pioneering work in breast cancer awareness, early detection, and survivor support with a commemorative event held at the Marriott Hotel, Ikeja, Lagos. The ceremony brought together healthcare professionals, survivors, donors, and corporate partners, led by Polaris Bank, the organisation’s longstanding partner and lead sponsor. Speaking at the event, Emeritus Professor Osato Giwa Osagie, Chairman of Board of Trustees of C.O.P.E, recounted his first meeting with the Founder, Mrs. Ebunola Anozie, describing her as …
OSSAA releases official social media handles
…..Restates commitment to professionalism Akure, Nov.17, 2025 – The Ondo State Signage and Advertisement Agency (OSSAA) has released its unified official social media handles as part of efforts to improve public communication and strengthen access to verified information on outdoor advertising activities in the state. This is contained in a statement on Monday in Akure by Mr Yòmí Oyékàn, the Senior Special Assistant to the Governor, Signage and Advertisement, said the move underscored the current government’s commitment to transparency, modernisation, and efficient stakeholder engagement. The statement added that the platforms …