A catastrophic gold mine collapse in northern Sudan’s River Nile state has claimed six lives, with up to 20 people feared trapped beneath the rubble. The Um Aud area, west of Berber city, was the site of the disaster, which occurred on Friday. According to Hassan Ibrahim Karar, executive director of the Berber locality, rescue…
The Nigerian Railway Corporation (NRC) has announced a sweeping reorganization of its management structure, barely 10 days after a train derailment on the Kaduna-Abuja route injured 20 people. NRC’s Managing Director, Dr. Kayode Opeifa, confirmed the changes in an internal memo, stressing that the shake-up was part of broader reforms aimed at strengthening efficiency, accountability,…
Nigeria has established itself as a key Air Travel Hub in West Africa, offering direct flights to 30 countries across four continents. According to aviation data compiled by Statisense from FlightConnections, the Country’s International Airports handle a significant volume of traffic, connecting passengers to destinations in Africa, Asia, Europe, and North America. Within Africa, Nigerian…
Nigeria has been ranked the 12th poorest Country Globally by Gross Domestic Product (GDP) per capita, with a GDP per capita of $807. This ranking is based on a recent report by the International Monetary Fund (IMF) published by Visual Capitalist. Despite being one of Africa’s largest economies by total GDP, Nigeria’s low per capita…
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N945 per litre in Abuja and N915 per litre in Lagos. This represents a N35 increase in Abuja and a N45 hike in Lagos from the previous prices of N910 and N870 per litre, respectively. The price adjustment, which took…
Controversial Cryptocurrency Platform Crypto Bridge Exchange (CBEX) has resurfaced after disappearing with millions in investors’ funds, sparking fresh outrage. The platform has reactivated users’ dashboards, displaying their previous balances, but with a catch: investors are now being asked to pay a “reactivation fee” ranging from $100 to $200 to access their funds or continue trading….
Nigeria has relinquished its long-held position as Africa’s largest importer of refined petroleum products following the ramp-up of operations at the Dangote Petrochemical Refinery, a new report has stated. South Africa has now overtaken Nigeria as the continent’s largest fuel importer, according to new data from energy consultancy CITAC, signalling a seismic shift in Africa’s…
Fuel retailers in communities hosting the Port Harcourt refinery have kicked against plans to shut down the facility for a 30-day maintenance exercise. The shutdown, ordered by the refinery coordinator, Bayo Adenrele, has sparked concerns that it may lead to fuel scarcity and increased prices in Nigeria. The Retailers, through their group, the Host Community…
The Dangote Petroleum Refinery has announced a price reduction for Premium Motor Spirit (PMS), also known as petrol, across Nigeria. The new prices range from N875 to N905 per liter, depending on the location, marking a N15 reduction per liter nationwide. New Petrol Prices by Region: Lagos: N875 South-West: N885 North-East: N905 North-West & Central:…
The Chinese Ambassador to Nigeria, Yu Dunhai, yesterday, harped on enhanced collaboration between China and Nigeria in unlocking the latter’s solid minerals sector’s potential through the establishment of electric vehicle factories in the country. During a courtesy visit to the Minister of Solid Minerals Development, Dr Dele Alake, in his office at the weekend, the…
