Panama Canal. World’s Worst Traffic Jam’ Has 150+ Cargo Ships Stuck at Panama Canal

More than 160 cargo ships and counting are stalled at the Panama Canal as the route’s water supply is throttled by the worst drought in more than 70 years. The disruption could reportedly drive up prices of imported commodities (including groceries) for weeks, and possibly longer if Panama continues to struggle with water supply. The Panama Canal…

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El-Rufai to ECOWAS: Military intervention in Niger Republic is war between brothers

Nasir el-Rufai, former governor of Kaduna, has cautioned the Economic Community of West African States ,ECOWAS against military intervention in Niger Republic.  President Bola Tinubu, chairperson of ECOWAS, said the bloc had resolved to use force as a last option if the coup leaders in Niger do not relinquish power to ousted President Mohamed Bazoum….

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Nigeria’s Sovereign Wealth fund NSIA declares $500 Million invested in domestic infrastructure

The Nigeria Sovereign Investment Authority ,NSIA has declared an investment of over $500 million in domestic infrastructure and an additional $1 billion in third-party investments. The disclosure was made by Mr. Aminu Sadiq, the Managing Director of NSIA, during an investigative hearing conducted by an ad hoc committee of the House of Representatives examining the…

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UNICEF Commits $270 Million to Boost Nigeria’s Poverty Alleviation Efforts

In a significant move, the United Nations Children’s Agency, UNICEF, has unveiled plans to allocate a substantial sum of $270 million to reinforce Nigeria’s endeavors in humanitarian aid and poverty reduction. The commitment comes alongside the announcement of setting up an emergency operation center to manage crises effectively. During a meeting held in Abuja, UNICEF…

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IPMAN urges FG to license illegal refineries in Niger-Delta

The Independent Petroleum Marketers Association of Nigeria ,IPMAN has urged the Federal Government to leverage homegrown technology to address the refining challenges in Nigeria’s petroleum industry. In an interview with NAN on Tuesday, Mr. Chinedu Anyaso, the Chairman of IPMAN’s Enugu Depot Community overseeing Anambra, Ebonyi, and Enugu States, expressed his commendation for President Bola…

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