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Sanwo-Olu Vows to Name, Shame Hotels and Vendors Who Cancel Bookings During Detty December
Lagos State Governor Babajide Sanwo-Olu has warned hotels, restaurants, and event venues against canceling confirmed bookings or hiking prices during the upcoming Detty December festive season. Speaking on TVC Journalists Hangout, the governor said such practices are “unacceptable” and undermine Lagos’ image as a top cultural and tourism destination. He emphasized that venues must honor
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Amazon’s Zoox to Recall 332 U.S. Vehicles Due to Self-Driving Software Glitch, NHTSA Says
Dec 23, 2025 – U.S. – Amazon’s self-driving vehicle unit, Zoox, Inc., announced a recall of 332 vehicles in the United States after the National Highway Traffic Safety Administration (NHTSA) identified a software error in its automated driving systems (ADS). The issue could cause Zoox vehicles to cross the yellow center line at intersections or
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How Investors Buy Gold and What Drives the Market to Record Highs
Dec 23, 2025 – Gold prices have surged to near $4,500 an ounce, driven by expectations of looser U.S. monetary policy, ongoing geopolitical tensions, and robust global demand for the precious metal. The yellow metal, long considered a safe-haven investment, touched a record $4,497.55 earlier this week, marking its biggest annual rise since 1979, with
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Lawyer Urges Tinubu to Suspend Defence Minister Matawalle Over Alleged Bandit Links
Constitutional lawyer and human rights activist, Hamza N. Dantani, has called on President Bola Tinubu to suspend Nigeria’s Minister of State for Defence, Bello Matawalle, citing persistent allegations of ties to bandits that threaten national security. In a statement titled “Bello Matawalle Should Step Down Or Be Suspended In The Interest Of National Security And
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Major Central Banks Deliver Largest Interest Rate Easing in Over a Decade in 2025
LONDON, Dec 23, 2025 – Global central banks have executed the fastest and most extensive interest rate cuts since the 2008 financial crisis, with both developed and emerging economies easing monetary policy aggressively throughout 2025. Analysts describe this as the most significant central bank easing push in over a decade. G10 Central Banks Lead the
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Yuletide Woes: Nigerians Grapple with Power Outages, Poor Telecoms, and Skyrocketing Airfares
As Christmas nears, Nigerians are expressing growing frustration over worsening electricity supply, deteriorating telecommunications services, and soaring domestic airfares, adding stress to the festive season. Residents in major cities such as Abuja, Lagos, Enugu, Ibadan, and Kano report frequent power outages, unreliable mobile networks, and prohibitively expensive flights. Despite repeated assurances from regulators and government
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Indian Shares End Flat as IT Pullback Caps Gains Amid Thin Year-End Trading
MUMBAI, Dec 23, 2025 – Indian benchmark equities ended largely unchanged on Tuesday, with information technology (IT) stocks pulling back and thin year-end trading volumes limiting overall market movement. Investors are closely watching the upcoming third-quarter earnings season for cues on market direction. The Nifty 50 (.NSEI) inched up 0.02% to close at 26,177.15 points,
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Nigerian Government Confirms Only One Official Version of Tax Reform Laws
The Federal Government has reaffirmed that there is only one official version of the newly enacted tax reform laws. Speaking at an end-of-year press briefing in Abuja, the Minister of Information and National Orientation, Mohammed Idris, dismissed claims suggesting that the laws were altered after passage by the National Assembly. He stressed that the version
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Italy Fines Ryanair $300 Million for Abusing Dominant Market Position with Travel Agencies
ROME, Dec 23, 2025 – Italy’s competition authority has fined Ryanair Holdings PLC, Europe’s largest budget airline, over 255 million euros (approximately $300.19 million) for allegedly abusing its dominant position in dealings with travel agencies. The regulatory decision comes after the airline reportedly blocked or restricted travel agencies from offering Ryanair flights in combination with
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FIRS Confirms NIN Now Serves as Tax ID for Nigerians
The Federal Inland Revenue Service (FIRS) has confirmed that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will now automatically serve as the Tax Identification Number (TIN) for individual Nigerians. The announcement, part of a public awareness campaign on new tax laws, also clarified that registered businesses will no longer
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