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Month: November 2025

Business Nigeria News

Aviation Crisis: Passengers, Travel Agents Condemn Airlines’ ‘Dollar-Only’ Ticket Sales

The controversy surrounding the insistence by some international airlines on selling air tickets exclusively in US Dollars continues to escalate, drawing sharp condemnation from both passengers and key industry stakeholders in Nigeria.   The practice, which is viewed as an affront to Nigeria’s sovereignty and a direct pressure on the already volatile Naira, has led to […]

Business Nigeria News

$50 Billion Funding Secured for Massive Ondo Refinery and Free Zone Project 

 A major boost has been injected into Nigeria’s downstream oil sector as Backbone Infrastructure Nigeria Limited (BINL) announced it has secured substantial funding commitments exceeding $50 billion for the development of an ultra-modern refinery and a sprawling Free Trade Zone (FTZ) in Ondo State. The historic funding package, described as one of the largest single […]

Business Nigeria News

Trump’s Military Threat Causes Naira and Stock Market Slump 

Nigerian financial markets experienced a significant downturn on Monday as investors reacted with alarm to a public threat of potential military intervention against the country by United States President Donald Trump.   The market slump saw stocks shed N247 billion in capitalisation as investors urgently repriced Nigerian assets in response to the heightened political risk. The […]

Business Nigeria News

Funso Doherty calls for National Assembly investigation into the recently approved 15% petrol import duty.

Lagos State governorship aspirant, Mr. Funso Doherty of the Peoples Democratic Party (PDP), has formally requested that the National Assembly investigate the recently sanctioned 15 per cent import duty on Premium Motor Spirit (petrol). Addressing his concerns in an open letter to Senate President Godswill Akpabio, Doherty labeled the duty as misguided and poorly timed, […]

Africa News Nigeria News World News

China supports Nigeria and issues a warning against US President Donald Trump.

In response to a military threat from the United States, China has called on the international community to protect Nigeria’s sovereignty. The Chinese government reaffirmed its support for President Bola Tinubu’s administration and praised it for steering the nation along a growth path specific to its unique circumstances. Mao Ning, the spokesperson for China’s Foreign […]

World News

Vietnam’s floods claim 40 lives – the count keeps climbing.

Vietnam’s record deluge has claimed 40 lives. After a week of relentless, torrential rain, the death toll has soared, even as another powerful storm bears down on the shattered region. Central Vietnam is submerged. The floods have burst riverbanks, transformed streets into canals, and drowned historic sites. The downpour was so extreme it shattered national […]

World News

Worker dies after medieval tower partially collapses in Italy

A worker tragically died after a partial collapse of the Torre dei Conti, a medieval tower in Rome, Italy. The incident occurred during renovation work on the 13th-century tower near the Roman Forum. The worker, a Romanian national named Octay Stroici, was trapped under debris for nearly 12 hours before being rescued. Despite emergency efforts […]

Africa News Nigeria News

Chad shuts border with Nigeria over US threats

The Government of Chad declared an immediate closure of its border with Nigeria. This action was taken in response to escalated security concerns, reportedly triggered by rumors regarding the movement of United States military personnel within the West African region. Military sources in N’Djamena confirmed on Monday that President Mahamat Idriss Déby Itno ordered a […]

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