The president of the Federal Republic of Nigeria, Bola Ahmed Tinubu in a statement wishing the citizens a prosperous 2025 affirmed that collective hopes will be fulfilled this year, despite the challenges and turmoil of 2024.Tinubu revealed this on Wednesday on his verified X account, hinting that things are beginning to look better on all...
Category: Business and Economy
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China Approves Construction to Build World’s Largest Hydropower Dam in Tibet
China has approved the construction of what will be the world’s largest hydropower dam, stoking concerns about displacement of communities in Tibet and environmental impacts downstream in India and Bangladesh.The dam, which will be located in the lower reaches of the Yarlung Tsangpo River, could generate three times more energy than the Three Gorges Dam,...
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Presidency: Media Chats with Bola Ahmed Tinubu
“2025 is a very promising year. Let me first of all thank Nigerians for having confidence in me to be the President of Nigeria. I don’t want you to think that I take you for granted. I am here to serve and I will do it with all my heart.“I seek your cooperation. I understand...
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Sanwo-Olu Handed Over 250 Patrol Vehicles and Other Police Paraphernalia to Enhance Security Operation in Lagos State
The governor of Lagos State, Babajide Sanwo-olu on Thursday, at the 18th Annual Town Hall Meeting on Security handed over 250 brand new patrol vehicles, along with essential hardware, communication devices, and protective gear to the police force.According to the governor: “this initiative represents a significant advancement in our efforts to strengthen security operations throughout...
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China Pledges To Adopt an “Appropriately Loose” Monetary Policy Next Year, as Trump Trade Risks Loom
China’s top leaders and policymakers are considering allowing the yuan to weaken in 2025 as they brace for higher trade tariffs in a second Donald Trump presidency in the United States.The contemplated move reflects China’s recognition that it needs bigger economic stimulus to combat Trump’s threat of bigger tariffs, people with knowledge of the matter...
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US JUDGE REJECTS MUSK’S $101BN TESLA PAY PACKAGE
Chancellor Kathaleen St Jude McCormick has upheld a decision to deny Tesla CEO Elon Musk a multibillion-dollar pay package despite shareholders voting to restore the compensation deal.The decision by the Delaware judge on Monday reaffirmed an earlier ruling to void the pay deal on the basis that Tesla’s board was too close to Musk and...
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FG IMPLEMENTS N50 ELECTRONIC LEVY ON FINTECH TRANSACTIONS OVER N10,000
The federal government has officially commenced the deduction of a N50 levy on electronic transfers of N10,000 and above, effective 1 December 2024. The levy, known as the Electronic Money Transfer Levy (EMTL), applies to transfers received through financial technology platforms, including Opay, Moniepoint, and Kuda, among others.This follows an earlier announcement by the Federal Inland...
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166 WTO MEMBERS REACHES AGREEMENT TO REAPPOINTS DR. OKONJO-IWEALA
“It is with humility and a great sense of honour that I thank each and every one of the 166 WTO members for the consensus they achieved in supporting my reappointment!“Thank you for the wonderful words of recognition and support. I don’t take this lightly. I also want to thank my colleagues in the Secretariat...
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DG WTO REAFFIRMS COMMITMENT TO DELIVER RESULT AS GENERAL COUNCIL REAPPOINTS HER FOR ANOTHER FOUR-YEAR TERM
Following her reappointment as the Director-General of the World Trade Organization (WTO), by the General Council to appoint her for a second four-year term, which will commence on 1 September 2025, Dr. Ngozi Okonjo-Iweala reaffirmed her commitment to the organization.The DG on Friday shortly after her reappointment pledged to work alongside dedicated staff in building...