Business

  Senegal has cancelled Akon’s $6 billion plan to build a futuristic “Akon City” on the country’s Atlantic coast, after years of inaction and missed payments by the Senegalese-American singer, Bloomberg reports.   The project, first announced in 2020, was pitched as a tech-driven smart city inspired by Marvel’s Wakanda ...

  The Senate had said it is set to begin probe of the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority , Farouk Ahmed, as the protest of public interest lawyers to the National Assembly enters day two.   The lawyers stormed the National Assembly, Tuesday, ...

  Billionaire Elon Musk’s artificial intelligence chatbot Grok was under fire again Wednesday, for antisemitic comments, praising Hitler and insulting Islam in separate posts on the X platform.   One series of comments, which included insults directed at Turkish President Recep Tayyip Erdogan, led a court there to ban the ...

  The Nigerian Railway Corporation says the Federal Government has begun reconstruction and rehabilitation of the Eastern railway corridor.   The Railway District Manager, Eastern District, Enugu, Mr Victor Adamu, stated this while responding to a national survey conducted by the News Agency of Nigeria, on abandonment of railway lines ...

  President of Dangote Group, Aliko Dangote, has publicly hailed President Bola Tinubu’s administration for its “visionary leadership” in infrastructure development and flood control initiatives.   In an open letter, Dangote expressed appreciation for the President’s efforts, particularly highlighting the transformative Bar Beach Land Reclamation project (Eko Atlantic City) and ...

  The students of Omololu Olunloyo Polytechnic are currently protesting at the main gate of the institution, located on Sango/Eleyele Road in Ibadan, Oyo State.   PUNCH Online had reported that the State Governor, Seyi Makinde, had renamed The Polytechnic, Ibadan, in honour of the late former governor of the ...

  The immediate past governor of Benue State, Samuel Ortom, has called on his successor, Governor Hyacinth Alia, to account for the state and local government funds.   The former governor was reacting to the statement attributed to a faction of the All Progressives Congress, which he suspects is affiliated ...

  Delta State Governor, Sheriff Oborevwori, has defended his administration’s plan over the ongoing flyover projects in Warri and Effurun.   The governor, in a statement by his Chief Press Secretary, Sir Festus Ahon, was reacting to criticisms by former Ethiope West Local Government Chairman and All Progressives Congress chieftain, ...

  The Nigerian National Petroleum Company Ltd has handed over 35 hybrid Compressed Natural Gas-powered buses to the Presidential Initiative on Compressed Natural Gas.   During a brief ceremony held at the NNPC Towers on Monday, the Group CEO, NNPC Ltd, Bashir Ojulari, reiterated the Company’s commitment to support the ...

  The General Manager, Transmission Company of Nigeria, Kaduna Region, Nasir Mansur, has urged communities to act fast in curtailing vandalism, saying that the firm was overwhelmed by vandalism.   He made the call on Monday during a sensitisation and public awareness campaign tagged: ‘Encroachment of the TCN Right of ...