THE Transmission Company of Nigeria (TCN) has disclosed why the national grid collapsed for the 11th time in 2024 just after the same collapse happened on Tuesday. The General Manager, Public Affairs of TCN, Mrs. Ndidi Mbah, said the collapse on Thursday was caused by a sudden rise in frequency. In …
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Ghana cocoa sector anticipates a significant production rebound in the 2024/25 crop season, spurred by favourable weather and enhanced farming practices, say farmers, officials from Ghana’s Cocoa Board (Cocobod), and local buyers. However, pressing issues like illegal mining, disease, and smuggling still pose substantial threats to this crucial industry. The country, the …
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EXXONMOBIL has announced a delay in the final investment decision (FID) for its Rovuma liquefied natural gas (LNG) project in northern Mozambique, now pushing the timeline to 2026. This revised target postpones the project’s go-ahead by approximately three months from the company’s previous projection of late 2025. Despite the delay, ExxonMobil reported …
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LEADING African business and technology experts gathered in Johannesburg for the SAP Now conference to strategise on leveraging artificial intelligence (AI) and technology to accelerate growth and foster innovation across the continent. The event, attended by over 300 leaders from Africa and Europe, underscored the role of advanced technologies in …
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IN a significant step towards stabilising its economy, Somalia announced that the United States has cancelled over $1.1bn of its outstanding debt, marking a quarter of the country’s remaining financial obligations. This agreement continues a series of debt-relief measures from Somalia’s creditors, aimed at supporting the nation’s post-conflict recovery. Most …
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WITH Donald Trump possibly bringing her father Elon Musk with him in his return to the White House, Musk’s transgender daughter, Vivian Jenna Wilson, has announced plans to leave the United States entirely. In a message posted Wednesday on Threads, Wilson said Trump’s sweeping victory “confirmed” that she is …
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NIGERIA’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has concluded a tour of West African countries, fostering bilateral relations and garnering support for Nigeria’s bid for a permanent seat on the United Nations Security Council. The move is part of Nigeria’s broader foreign policy objectives, which prioritize promotion and protection …
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PRESIDENT-elect Donald Trump on Thursday announced that Susie Wiles, one of his two campaign managers, will be his White House chief of staff, entrusting a top position to a political operative who helped the Republican win election. The appointment was the first of what is expected to be a flurry …
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THE Naira on Thursday appreciated at the official market, trading at N1,639.50 to the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that Naira gained N42.15. This represents a 2.5 per cent gain when compared to the previous trading date on Wednesday when it exchanged at …
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THE Tincan Island Command of the Nigeria Customs Service (NCS) says it has generated N1.046 trillion in revenue between January and October. It also intercepted 16 containers of illicit drugs. The command Controller, Comptroller Dera Nnadi, made the disclosure in Lagos on Thursday. Nnadi said that it was the first …
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