Kanye West is officially back in the billionaire club, with his net worth now sitting at a staggering $2.77 billion USD, according to Eton Venture Services. This valuation is based on West’s music catalog and his sole ownership of the YEEZY brand, a major achievement following years of financial setbacks. The announcement comes after Forbes …
Telecoms tariff will be reviewed periodically — Edun
Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has said that tariffs in the telecommunications sector will be reviewed periodically. Recall that the Nigerian Communications Commission, NCC, had on Monday, January 20, granted approval to telcos to implement a 50 percent tariff hike sparking reactions from the Nigeria Labour …
FAAN MD defends N580bn runway upgrade, threatens resignation
The Managing Director of the Federal Airport Authority of Nigeria, Olubunmi Kuku, has threatened that when she is tired of her role as the boss of the agency, she will throw in the towel. Kuku said this while fielding aviation industry-based questions on Television Continental on Thursday evening. The FAAN MD who said she had …
US-Russia Trade war will have consequences – Ngozi Okonjo-Iweala warns Trump
The Director General of the World Trade Organization, WTO, Ngozi Okonjo-Iweala on Thursday, January 23 warned against any reciprocated trade wars prompted by the United States, US, and President Donald Trump’s tariff threats on different countries. Urging other states to refrain from responding in kind to Trump, Okonjo-Iweala called such a potential situation ”catastrophic.’’ Her …
Nigeria’s economy to expand by 4.17%, inflation to ease in 2025 — CBN Governor
The Central Bank of Nigeria Governor, Olayemi Cardoso, on Thursday, January 23, said the country’s Gross Domestic Product is expected to grow by 4.17 percent while inflation is expected to ease in 2025. While Nigeria’s inflation currently stands at 34.80 percent, Cardoso is optimistic that it will decline as President Bola Tinubu’s reforms start to …
Billionaire Bloomberg to fund UN climate body after US withdrawal
Billionaire Michael Bloomberg announced on Thursday, January 23, that his foundation will fund the United Nations Framework Convention on Climate Change (UNFCCC) following President Donald Trump’s second decision to withdraw the United States from the Paris Agreement. The move aims to ensure the climate body remains fully operational despite the U.S. halting its contributions. The …
179 oil theft incidents uncovered in one week – NNPCL
The Nigerian National Petroleum Company Limited says it uncovered 179 incidents of crude oil theft in the past week. The company affirmed that the war on crude oil theft and vandalism rages on as industrywide security collaboration continues to safeguard hydrocarbon infrastructure. A video released by the NNPC shows the incidents recorded between January 11 …
EKEDC warns customers against cyber threats
The Eko Electricity Distribution Company has issued a public advisory, urging its customers to be more vigilant and proactive in safeguarding themselves against the rising wave of cyber threats. In a statement issued by the company and signed by the EKEDC General Manager, Corporate Communications, Babatunde Lasaki, the company said with the increasing reliance on …
FG approves licence for 10,000 barrels per day refinery
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval was given to MRO Energy Limited, an energy company for the construction of a 10,000 barrels per stream day refinery at Imode In Ughelli, Delta State. This …
Tinubu has steered economy in right direction – Bagudu
The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, said on Tuesday that President Bola Tinubu had steered the economy in the right direction and was determined to stay the course. This was revealed in a statement to The PUNCH. The minister spoke during the defence of his ministry’s financial estimates before the National …