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Bank of America Set to Boost Investment Banker Bonuses Amid Surge in Deal Activity
December 19, 2025 – New York, U.S. – Bank of America (BofA) is preparing to significantly increase year-end bonus payouts for its top-performing investment bankers, following a strong year of deal activity, according to sources familiar with the matter. The bank’s bonus pool for the investment banking division is expected to expand, rewarding top dealmakers
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Bauchi Government Closes Major Roads Ahead of Tinubu’s Condolence Visit to Late Islamic Scholar’s Family
The Bauchi State government has announced temporary road closures and diversions in the state capital ahead of President Bola Tinubu’s visit, citing security and traffic management concerns. President Tinubu is scheduled to arrive in Bauchi on Saturday to pay his respects to the family and followers of the late renowned Islamic scholar, Sheikh Dahiru Usman
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7-Eleven CEO Joe DePinto to Retire After 20 Years, Interim Co-CEOs Appointed
December 19, 2025 – Tokyo & North America – 7-Eleven Inc., the North American convenience store arm of Japan-listed Seven & I Holdings Co Ltd, announced that long-serving Chief Executive Officer Joe DePinto will retire after 20 years at the helm. The company confirmed that Stan Reynolds, current President, and Doug Rosencrans, Executive Vice President
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ADNOC Secures $11 Billion Financing for Future Gas Production from Hail and Ghasha Projects
December 18, 2025 – Dubai, UAE – Abu Dhabi National Oil Company (ADNOC) has secured $11 billion in structured financing to support future gas production from its Hail and Ghasha development projects. The deal, involving 20 global and regional banks, is structured as a pre-export finance (PXF) model, enabling ADNOC to monetize future gas output
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Debt Servicing to Consume 27% of Nigeria’s ₦58 Trillion 2026 Budget Presented by Tinubu
President Bola Tinubu on Friday presented the N58.18 trillion 2026 Appropriation Bill to the National Assembly, with debt servicing projected to account for N15.52 trillion, representing about 26.7% of total expenditure. The budget, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” also includes a proposed capital expenditure of ₦26.08 trillion and recurrent (non-debt) spending
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Czech Republic Warns EU Climate Targets Could Leave Europe Behind China and the U.S.
December 18, 2025 – Prague, Czech Republic – The European Union risks losing its competitive edge to China and the United States if it continues to pursue ambitious climate targets without reconsideration, Czech Industry and Trade Minister Karel Havlicek warned. The minister called on EU allies to reconsider the bloc’s next-generation emissions trading scheme (ETS2),
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Germany Launches €30 Billion “Deutschlandfonds” to Boost Private Investment and Drive Economic Transformation
December 18, 2025 – Berlin, Germany – Germany has officially launched its €30 billion ($35.2 billion) Deutschlandfonds, a major initiative designed to mobilize private capital for investments in energy transition, technology innovation, and industrial modernisation. Coordinated by the German finance and economy ministries and implemented through the state-owned KfW development bank, the fund aims to
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Federal University Lokoja Mourns 200-Level Biotechnology Student Killed by Snake Bite
The Federal University Lokoja (FUL) in Kogi State has been thrown into mourning following the death of Favour, a 200-Level Biotechnology student, who reportedly died after being bitten by a snake. The tragic incident occurred on Thursday night at Itakeate Isao under circumstances that are still being discussed within the university community. Favour was immediately
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Japan’s JERA Secures 15-Year Government Subsidy to Import U.S. Low-Carbon Ammonia
December 19, 2025 – Tokyo, Japan – JERA, Japan’s largest power generator, has secured a 15-year government subsidy to cover the price gap between ammonia and coal, supporting its plans to begin importing low-carbon ammonia from a new U.S. facility in 2029. This move aligns with Japan’s broader energy strategy to reduce carbon emissions and
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Boeing Requests FAA Emissions Waiver to Sell 35 Additional 777F Freighters Amid High Demand
December 19, 2025 – Washington, D.C. – Boeing Co. (BA) has formally requested a Federal Aviation Administration (FAA) waiver to bypass upcoming airplane emissions rules, allowing the company to sell an additional 35 Boeing 777F freighters before the next-generation 777-8 Freighter enters service. The move comes as Boeing faces strong global demand for cargo aircraft
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