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Tinubu directs free train rides for Nigerians travelling for Christmas, New Year Nexovant
The President Bola Tinubu-led federal government has declared free train rides for Nigerians for 15 days The announcement stated that the rides would last from December 20, 2024, till January 5, 2025, all through the festive season This is an initiative to relieve Nigerians of travel expenses during the Yuletide, but no mention of how […]
NNPC speaks on $1 billion loan support to Dangote refinery Nexovant
The Nigerian National Petroleum Company Limited, said it obtained a $1 billion loan backed by crude oil This was aimed at making it easier for the 650,000 barrels per day refinery come into service The business also arranged the $3 billion Gazelle loan, a move to help stabilize the federation’s foreign exchange condition Legit.ng journalist […]
Tinubu and the future of ECOWAS by Reuben Abati Nexovant
Two major meetings were held over the weekend that just passed that have implications for the future of the Economic Community of West African States (ECOWAS), and the possible resolution or otherwise of political developments among member-states in the last two to three years, with implications for the future of the sub-regional organization. ECOWAS was […]
FG to probe Nigerian airline for alleged aircraft smuggling as fares rise Nexovant
The Nigerian government has disclosed that relevant agencies would probe the allegations of aircraft smuggling to Iran by Azman Air The spokesman for the Nigerian Civil Aviation Authority (NCAA), Mike Achimugu, said the allegations against the airline are heavy He said that Nigerian Customs usually handles smuggling issues and that the authority cannot act until […]
Ethena Labs launches new stablecoin backed by Blackrock  Nexovant
Ethena labs have joined the race to launch stablecoins launching a new stablecoin backed by Blackrock. The new stablecoin is USDtb and is backed by BlackRock’s USD Institutional Digital Liquidity Fund. Ethena Labs announced the development via its official Twitter Page, revealing details of the launch and BlackRock’s’ involvement in it. “Today we are launching […]
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