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"It is a national emergency": Telecom operators warn of network blackout in two Nigerian states
Telecom operators have warned that Lagos and Ogun states may soon face network disruptions due to a shortage of diesel following the tanker drivers' strike.
CBN announces new customs exchange to clear goods as dollar crashes in all FX markets
The Central Bank of Nigeria (CBN) has slightly reduced the Nigeria Customs exchange rates for cargo clearance as the naira improves against the dollar.
Regina Daniels slams trolls, flaunts car in video: "Don’t comment if u’ve never cried in a Ferrari"
Regina Daniels has sent a message to netizens trolling her as she shared a video of her with a red Ferrari which came with a caption that has stirred reactions.
Ayra Starr meets Mia Khalifa, speculations among Nigerians trail clip: "How did Sabi Girl know her?"
Popular singer Ayra Starr aka Sabi Girl's meeting with popular model Mia Khalifa has gone viral fueling speculations among Nigerians as they shared diverse opinions.
Mohamed Salah sets Premier League record as Liverpool thrash Man City at the Etihad
Mohamed Salah delivered a historic performance as Liverpool triumphed 2-0 over Manchester City at the Etihad Stadium, playing a key role in the victory
New exchange rate: Dollar falls in all markets as naira strengthens amid declining reserves
The naira's value improved in the foreign exchange market against the US dollar, closing the week positively, with the forex markets converging for the first time.
Petrol landing costs drop as Dangote, refinery owners explain failure to meet domestic fuel demand
Nigerian Refinery owners have blamed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for their failure to meet local fuel demand.
China's Alibaba to invest $50 bn in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping. Alibaba plans to "invest at least 380 billion yuan ($53 billion) over the next three years to advance its cloud computing and AI infrastructure", a company statement said.
Indonesia launches new multi-billion-dollar sovereign wealth fund
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy. Danantara will be Indonesia's second sovereign wealth fund, after the Indonesia Investment Authority which was launched in 2021 and holds $10.5 billion in assets.
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