IGP Kayode Egbetokun has finally commented on the confrontation between the FCT Minister and some naval officers in Abuja and disclosed the steps taken so far.
Economists say the CBN Monetary Policy decision to retain interest rates but narrow the policy corridor signals cautious easing expected to cut interbank costs.
Online retail behemoth Amazon on Wednesday announced a new version of its Alexa voice assistant that is powered by generative artificial intelligence, giving the device more human-like qualities. Panos Panay, senior vice president of devices and services at Amazon, said that Alexa Plus opens a new age for voice devices.
Britons will have to pay more to fly and should forego two-steaks worth of meat a week if the country is to meet net zero targets, the government's advisory body said Wednesday. The average reduction required to hit the targets would equate to consumers eating two fewer meat mains per week, said the report.
The Standard Organisation of Nigeria (SON) will also be taking the quality assurance drive to all geographical zones with the regional laboratories set up.
The Washington Post will no longer run views opposed to "personal liberties and free markets" on its opinion pages, its owner Jeff Bezos announced on Wednesday, the latest intervention by the billionaire in the major US paper's editorial operations.
Sales of new US homes slumped more than expected in January, government data showed Wednesday, with cold weather and stubborn cost-of-living pressures weighing on buyers as Donald Trump returned to office. "Sales likely were also weighed down by the weather; last month was the coldest January since 1988," Pantheon added. bys/dw
Landlords and house agents could face up to six months imprisonment, or pay heavy monetary fines for defaulting the law, or charging arbitrary fees.
The Nigerian government, under Bola Tinubu is set to get six new loans from the World Bank in 2025, bringing Tinubu's borrowings from the World Bank to $9.2bn.
BP plans to increase production of its more profitable oil and gas business and slash investment in cleaner energy, the British energy giant announced Wednesday to the dismay of environmentalists. BP will increase oil and gas investment to around $10 billion per year, making up two-thirds of capital expenditure.
German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest "in the history of the insurance industry". Nonetheless, the figure would represent "the most substantial wildfire losses in the history of the insurance industry", Munich Re said.
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