Crude Oil Theft in Nigeria: A Deep-Rooted Issue Leaders and activists in the South-South region have highlighted the complex networks involved in crude oil theft, pointing to significant players within politics and the oil industry. These networks, entrenched over the years, are shielded by a lack of political will from the government. PANDEF’s Stand The […]
As we navigate through 2024, the global currency landscape continues to evolve, influenced by economic policies, geopolitical events, and market dynamics. Understanding the strongest currencies in the world provides insight into the financial stability and economic strength of various nations. Here, we reveal the top 10 most powerful currencies of 2024. 1. Kuwaiti Dinar (KWD) […]
Federal Government announced yesterday that flooding has submerged 21 local government areas in 10 states and the Federal Capital Territory (FCT) due to recent heavy rains. Water Resources Minister Joseph Utsev, alongside Minister of State Bello Goronyo and NIHSA Director General, reported at a briefing in Abuja that several states have faced flooding since April […]
Nigerian music star Wizkid shared an emotional tribute to his late mother, Morayo, on her first posthumous birthday. On social media platform X, the award-winning artist expressed his deep sorrow and love for his mother, stating, “Happy birthday, love of my life! I miss you every day… Nothing makes sense without you, mama!” He fondly […]
Former President Olusegun Obasanjo clarified that the release of Nnamdi Kanu was not discussed during his meeting with South-East governors in Enugu State on Tuesday. Obasanjo and Chief Emeka Anyaoku met with the governors to discuss regional development issues, such as security, infrastructure, economic cooperation, and collaboration, complementing the national economic agenda. A statement by […]
Nigerians are currently facing a severe increase in the prices of goods and services, beginning in 2022 due to global supply chain issues, the Russia-Ukraine war, and domestic insecurity. This inflation was exacerbated by the removal of the fuel subsidy on May 29, 2023, leading to a 223% rise in petrol prices and the Naira’s […]
Looting is a phenomenon that has accompanied many significant historical events, leaving indelible marks on societies. By examining some of the most famous instances of looting, we can better understand the circumstances that lead to such events and the profound consequences they have on communities and nations. Notable Looting Incidents in History 1. The Sack […]
Mrs. Hannatu Ajiji, an official at the Tomatoes/Pepper Market along Bauchi Ring Road in Jos, Plateau State, explains the fluctuating prices of food items. “We don’t tell people about prices of tomatoes and pepper again because they may fluctuate at any time. Sometimes, we sell at a particular price in the morning and by noon […]
The maritime sector in Nigeria is facing a severe crisis due to a significant drop in vessel calls at the nation’s ports. This downturn has had a domino effect on various businesses, exacerbating the ongoing forex crisis and inflation that are plaguing the economy. Impact on Maritime Sector Stakeholders The drastic reduction in vessel calls […]
In a stunning turn of events, Switzerland has knocked defending champions Italy out of Euro 2024 with a decisive 2-0 victory. This unexpected result has sent shockwaves through the football world, marking one of the most significant upsets in recent tournament history. The Match Build-Up Heading into the match, Italy was heavily favored to win. […]
