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Daily Archives: May 28, 2025

Reps Propose MOFI Act Overhaul

The House of Representatives has moved to overhaul the Ministry of Finance Incorporated (MOFI) Act as part of efforts to modernise Nigeria’s financial legal...

Lagos Speeds Up Shift to Clean Transport with CNG Initiative

The Lagos State Government, through its strategic energy implementation arm, the IBILE Oil and Gas Corporation (IOGC), has unveiled significant progress in its Clean...

US Consumer Confidence Rises Amid Trade Truce with China

The United States economy received a welcome boost in May 2025, as consumer confidence surged following a temporary trade truce between Washington and Beijing....

King Charles’s Speech Emphasizes Canada’s Sovereignty

King Charles III delivered a historic "Speech from the Throne" in Canada's Parliament, emphasizing the country's sovereignty in a new era of "dangerous and...

Pressure Mounts on PDP NEC as INEC Backs Wike’s Ally as Secretary

The Peoples Democratic Party (PDP) finds itself at yet another political crossroads as internal wrangling threatens to unravel the fragile peace it has worked...

China Hosts Pacific Island Nations to Bolster Diplomatic Ties

China is hosting a high-level meeting with 11 Pacific Island nations in Xiamen, China, to deepen ties and build a "closer" community with "a...

“Trump says Canada will pay $61bn for Golden Dome”

United States President Donald Trump has made a bold offer to Canada, proposing that it can join his "Golden Dome" missile defense system for...

NFIU Probes ₦48bn Transfers to Dubai, Hong Kong

The Nigerian Financial Intelligence Unit (NFIU) has launched a sweeping investigation into over ₦48 billion worth of suspicious financial transactions funneled from Nigeria to...

Range Restrictions Lifted on Ukraine by US and EU

German Chancellor Friedrich Merz's announcement that Ukraine's Western allies, including Germany, the UK, France, and the US, are lifting range restrictions on weapons supplied...

SpaceX’s Starship Test Flight Loses Control

SpaceX's ninth Starship test flight encountered issues 30 minutes after launch, resulting in the loss of control due to an onboard fuel leak that...

Fresh $24bn Borrowing Set to Push Nigeria’s Debt to N183tn

Nigeria’s public debt is poised for another historic leap as President Bola Tinubu seeks National Assembly approval to borrow an additional $24.14 billion in...

Deadly Chaos Erupts at Gaza Aid Distribution Point

At least three Palestinians were killed and 46 others wounded in a chaotic scene at a food distribution point in southern Gaza's Rafah area...

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