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Unite to Defeat Terror, Nigerians Urged
Ekong Udoro, Chairman of the Grand Elders Council of Clans Club International, has warned that divisive rhetoric over Nigeria’s rising terrorism threat undermines national resolve. Speaking in Calabar during the club’s 38th Special Converge, themed “Back to Rutz: The Future, the Prospects”, Udoro called on Nigerians to unite behind government efforts to end killings by…
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Alphabet Set to Reach $4 Trillion Market Value Amid AI Surge
Alphabet Inc., the parent company of Google, is on a trajectory to achieve a historic $4 trillion market valuation, driven by a year-long surge in investor confidence centered around its aggressive expansion in artificial intelligence (AI) technology. This milestone underscores Alphabet’s dominant position in the global tech industry and highlights the growing influence of AI…
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‘Nation in Free Fall’ – PRP Decries Insecurity, Demands Urgent Action
The Peoples Redemption Party (PRP) has raised the alarm over Nigeria’s deteriorating security situation, warning that repeated killings and abductions are pushing the country toward chaos. In a statement on Tuesday, PRP National Chairman Falalu Bello said the nation is steadily losing control over its internal security, noting that ordinary Nigerians’ lives are being wasted…
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GenCos Reject FG’s 50% Debt Haircut Proposal
Power generation companies (GenCos) have rejected the Federal Government’s offer to forfeit 50% of the N5 trillion debt owed to them for electricity supplied to the national grid. The proposal, described as a 50% “haircut,” would have allowed the government to pay the GenCos about N2.4 trillion, representing roughly half of the total debt. Azura…
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CBN Proposes 5-Year Ban for Serial Dud Cheque Issuers
The Central Bank of Nigeria (CBN) is set to introduce a policy that would impose a five-year ban on customers who repeatedly issue dud cheques. Under the proposed guidelines, a customer qualifies as a “serial dud cheque issuer” if they issue three cheques that are dishonoured due to insufficient funds. The announcement came via an…
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UK Stocks Edge Higher Ahead of Anticipated Budget and Key U.S. Data
UK equities saw modest gains on Tuesday as investors positioned themselves ahead of a highly anticipated government budget, while also keeping an eye on upcoming U.S. economic data. The trading session was characterized by sector-specific moves amid broader market caution. FTSE 100 and FTSE 250 Performance The FTSE 100 edged up 0.2%, reflecting gains in…
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India’s November Russian Oil Imports Set for Five-Month High Ahead of U.S. Sanctions
India’s oil imports from Russia are poised to reach their highest level in five months in November, according to preliminary data from ship-tracking agency Kpler. The surge comes as refiners hurried to secure barrels before the U.S. deadline to end transactions with sanctioned Russian oil producers. India’s Role as a Major Russian Oil Buyer As…
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Renaissance Advances Energy Security Advocacy at University of Ibadan
Renaissance Africa Energy Company Limited has extended its advocacy for energy security and industrialisation to the University of Ibadan, emphasizing education, youth empowerment, and community development. Speaking at the university’s alumni homecoming, Tony Attah, Managing Director and CEO of Renaissance, highlighted the critical link between energy security and economic growth. He stressed that addressing energy…
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FOREX Gains Push NNPC Profit After Tax to N5.4 Trillion
The Nigerian National Petroleum Company Limited (NNPCL) has posted a profit after tax of N5.4 trillion for the 2024 financial year, marking a 63.6% increase from N3.3 trillion recorded in 2023. The company’s revenue also rose sharply to N45.07 trillion from N23.9 trillion the previous year, while profit before tax jumped to N9.55 trillion from…
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UN Urges Nigeria to Stop Kidnappings, Prosecute Perpetrators
The United Nations has condemned the recent surge in mass kidnappings in north-central Nigeria and called on authorities to take urgent action to halt the attacks and bring perpetrators to justice. “We are shocked by the recent wave of abductions in north-central Nigeria,” UN rights office spokesman Thameen Al-Kheetan said in Geneva. “We urge Nigerian…
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