Richard Adeolu Adejumobi

Otedola Says Dangote Refinery Expansion Could Strengthen Naira Below ₦1,000/$

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Chairman of First HoldCo, Femi Otedola, has expressed optimism that the naira will strengthen significantly and trade below ₦1,000 to the dollar before the end of the year, citing the expanding operations of the Dangote Refinery and the broader impact of domestic refining. Otedola said the full-scale operation and production expansion of the refinery would […]

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Nigeria’s Agriculture Minister, Abubakar Kyari Elected Chair of IFAD Governing Council

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Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, has been elected Chairperson of the Governing Council of the International Fund for Agricultural Development (IFAD), a United Nations agency. Kyari was elected at the 49th Governing Council meeting of IFAD, held in Rome, marking a significant milestone for Nigeria’s engagement in global agricultural development

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Russia Sells Domodedovo Airport After Nationalisation as Asset Seizures Deepen Under Sanctions

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Russia has completed the sale of Moscow Domodedovo Airport, the country’s fourth-busiest aviation hub, to the managing company of Sheremetyevo Airport, following a court ruling that transferred the asset to the state earlier this year. In June, a Russian court ordered Domodedovo’s ownership to be nationalised, ruling that its former owners, Dmitry Kamenshchik and Valery

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U.S. Seeks Approval to Establish Drone Refuelling Facility in Nigeria

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The United States has requested permission to establish a drone refuelling station in Nigeria as part of expanding security cooperation between both countries, according to security and diplomatic sources. The proposed facility would support U.S. surveillance and strike-capable drones currently operating out of Accra, Ghana, from where the United States conducts intelligence, surveillance and reconnaissance

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Armed Robbers Attack Cash-in-Transit Van on Southern Italy Highway

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Armed robbers on Monday carried out a brazen daylight attack on an armored cash-in-transit vehicle on a highway in southern Italy, using explosives, gunfire and burning vehicles to block traffic and execute the robbery. According to reports, the attackers ambushed the cash truck in a highly coordinated operation, detonating explosives to disable the vehicle before

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BoI’s Non-Interest Banking Window Set to Expand SME Financing and Industrial Investment

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The Bank of Industry (BoI)’s newly approved Non-Interest Banking (NIB) Window is expected to broaden access to financing for small and medium-scale enterprises (SMEs) and deepen investment across Nigeria’s industrial sector, analysts say. With regulatory approval from the Central Bank of Nigeria (CBN), the BoI can now provide asset-backed, interest-free funding to businesses that either

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Tinubu Holds Emergency Meeting With Fubara and Wike in Abuja Amid Rivers Political Rift

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President Bola Ahmed Tinubu on Monday held a closed-door meeting with Rivers State Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Nyesom Wike, as part of renewed efforts to resolve the prolonged political crisis in Rivers State. The meeting took place at the Presidential Villa, Abuja, amid growing concern over governance paralysis and

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Manchester City Snatch Late Win Over Liverpool at Anfield

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Manchester City came from behind to defeat Liverpool 2–1 at Anfield in a dramatic Premier League encounter on Sunday, keeping their title challenge alive. Liverpool took the lead late in the second half through Dominik Szoboszlai, whose superb free kick put the home side ahead. City responded quickly, with Bernardo Silva equalising before Erling Haaland

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Trump Deletes Social Media Post Depicting Obamas as Apes After Backlash

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U.S. President Donald Trump has deleted a social media post that depicted former President Barack Obama and former First Lady Michelle Obama as apes, following widespread criticism and accusations of racism. The post, which appeared briefly on Trump’s social media account, was widely condemned by civil rights organisations, Democratic lawmakers and commentators, who described the

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