The Comptroller-General of Customs, Bashir Adeniyi said the seizures were made in less than three months as part of its ongoing anti-smuggling operation tagged “Operation Whirlwind.” Adeniyi also highlighted recent seizures made by the operation at the Federal Operations Unit in Ikeja. He attributed the smuggling of petrol to significant price disparities across Nigeria’s borders,
Mamman is being prosecuted by the EFCC in relation to the Mambilla Power Project on a 12-count charge. A witness, Mohammed Jidda presented by the Economic and Financial Crimes Commission in the trial of former Minister of Power, Saleh Mamman, on Wednesday, told a Federal High Court, Abuja presided over by Justice James Omotosho, that the
Alibaba said QwQ-32B, has a “comparable performance” to DeepSeek while also requiring far less data to run. Alibaba shares surged more than seven percent in Hong Kong trade on Thursday after the Chinese tech giant launched an artificial intelligence model it says can compete with DeepSeek, this year’s surprise tech star. Investors have been riding
Crude oil prices continue to slip as the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. Brent futures fell $1.19, or 1.6 per cent,
The Transmission Company of Nigeria has announced an increase in power generation to 5,801.84 megawatts. A statement signed by its management on Wednesday said the feat is yet another milestone in peak generation, and maximum daily energy ever attained in Nigeria’s power sector. “(TCN) is pleased to announce that the nation’s power sector has achieved
Nigeria is pumping 70,000 barrels per day above its OPEC+ target, according to a survey by Reuters. According to the survey, Organization of the Petroleum Exporting Countries oil output rose in February, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider
The world’s health systems will come under crippling pressure, the researchers warned, with around a quarter of the world’s obese expected to be aged over 65 by that time. Nearly 60 percent of all adults and a third of all children in the world will be overweight or obese by 2050 unless governments take action,
The Federal Ministry of Youth Development, the Niger State Government, and the National Agricultural Land Development Authority (NALDA) have signed a Memorandum of Understanding (MoU) to engage 100,000 Nigerian youths in agriculture. The agreement, aimed at bolstering food security and job creation, was signed today at the Council Chamber of the Government House in Minna,
Barcelona ground out a 1-0 win at Benfica in the first leg of their Champions League last-16 tie on Wednesday. Raphinha’s left-footed strike from outside the box on 61 minutes gave the 10-man Catalans a slender advantage going into next week’s return fixture, after teenage centre-half Pau Cubarsi was sent off in the first period
A Federal High Court in Abuja has heard that former Minister of Power, Saleh Mamman, allegedly paid the dollar equivalent of N200 million in cash for a five-bedroom property in Wuse, Abuja. The revelation came during Mamman’s ongoing trial, where he faces charges of money laundering amounting to N33.8 billion. Mohammed Ashelk Jidda, the 14th
