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Sweden’s Vattenfall Seeks State Support for New Nuclear Reactors at Ringhals
Sweden’s state-owned utility Vattenfall AB has formally applied for government financing to construct new nuclear reactors at its Ringhals nuclear power plant, marking a critical step in the Scandinavian country’s plan to rejuvenate its nuclear energy sector. Plans for Small Modular Reactors (SMRs) Vattenfall, through its majority-owned subsidiary Videberg Kraft, intends to build small modular
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Dele Momodu: Past Presidents Would’ve Prosecuted Atiku if He Was Corrupt
Dele Momodu, chieftain of the African Democratic Congress (ADC), has asserted that former Vice President Atiku Abubakar would have faced prosecution by ex-Presidents Olusegun Obasanjo, Musa Yar’Adua, Goodluck Jonathan, or President Bola Tinubu if he had engaged in corruption. Momodu made the statement during an X Space session titled “Avrilsspace: The Electoral Mathematics for 2027”
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Oil Prices Stabilize Amid Geopolitical Tensions and Supply Concerns
Oil markets remained largely steady on Tuesday as investors weighed geopolitical risks against ongoing bearish supply fundamentals. Heightened tensions from the Ukraine-Russia conflict and potential U.S. sales of seized Venezuelan crude contributed to a volatile backdrop for energy prices. Geopolitical Tensions Support Oil Prices Oil prices have been under pressure due to oversupply, but geopolitical
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French Lawmakers Rush to Pass Emergency Rollover Budget Law
French lawmakers are moving quickly to approve emergency legislation aimed at keeping the state operational in January 2026, as France’s deeply divided parliament struggles to pass a full annual budget. The measure, proposed by Prime Minister Sebastien Lecornu, will temporarily extend 2025 spending levels while allowing for tax collection and debt issuance. Emergency Stopgap to
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Shehu Sani Backs Dangote’s Right to Sue Over Alleged Libel
Former lawmaker Senator Shehu Sani has stated that, like any other citizen, Dr. Aliko Dangote, President of the Dangote Group, has the right to sue individuals who defame him. Sani’s comments followed Dangote’s threat to take legal action against Kaduna businessman Kailani Mohammed for N100 billion over an alleged libelous publication aired on Trust TV
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Indian Rupee Ends Flat Amid Dollar Demand and Firm Asian Currencies
The Indian rupee closed flat on Tuesday at 89.65 per U.S. dollar, as persistent dollar demand from local corporates and activity in the non-deliverable forwards (NDF) market counterbalanced gains in most regional currencies. The currency remained under pressure, with traders closely monitoring both importer demand and central bank interventions. Dollar Demand from Importers Weighs on
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Abia Government Restores Electricity to 33 Communities After Nine Years
Abia State Governor Alex Otti on Monday commissioned the restoration of electricity to 33 communities in Ukwa West Local Government Area, ending a nine-year power blackout. The project was executed through the Abia State Oil Producing Areas Development Commission (ASOPADEC) as part of the government’s commitment to improving living conditions in the state’s oil-producing communities.
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Artisans Protest at Lagos Assembly Over Alleged Takeover of Mechanic Village
Hundreds of artisans from the Isheri-Idimu Powerline corridor staged a protest on Monday at the Lagos State House of Assembly, alleging attempts to displace them from their mechanic village along Oladun Road, Isheri-Idimu. The protesters accused suspected hoodlums, allegedly acting under the instructions of the Chairman of Egbe-Idimu Local Council Development Area (LCDA), Idris Balogun,
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Japanese Yen Strengthens Amid Intervention Threat and Dollar Weakness
The Japanese yen strengthened on Tuesday amid broad U.S. dollar weakness, following the most serious warning yet from Tokyo authorities signaling readiness to intervene in currency markets. The move came as the yen hovered near recent lows against major currencies, keeping yen bears cautious despite expectations that near-term weakness may continue. Yen Gains on Intervention
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European New Car Sales Rise for Fifth Month, Driven by Electric Vehicles
New car sales in Europe rose year-on-year in November for the fifth consecutive month, supported by the growing adoption of electric vehicles (EVs) in key markets including Germany, Italy, and Spain, according to data from the European auto lobby ACEA. Surge in Electric Vehicle Registrations Battery electric vehicle (BEV) registrations, a key indicator of EV
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