LEADING economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa, citing their impact on job creation, import substitution, foreign exchange conservation and economic competitiveness. The experts spoke at the Lagos Economic Summit themed“The Real Deal: Africa’s Greatest Investment Opportunity,” where they urged governments to implement policies that strengthen local industries and accelerate economic diversification. President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu, commended the Dangote Group’s sustained investments across Africa, describing them as critical to unlocking the continent’s economic potential.…
Author: National Record
NORWAY has seized a Russian ship in the Arctic to enforce a $4.22 billion compensation claim won by Ukrainian energy firm Naftogaz over Moscow’s seizure of its assets when Russia annexed Crimea in 2014, officials said late on Wednesday. The vessel, the Professor Molchanov, was seized off the Norwegian Arctic Archipelago of Svalbard, according to Covington, the U.S. law firm representing Naftogaz. The Russian state news agency TASS quoted a Foreign Ministry spokesperson as saying the Norwegian action was “piracy”. The Svalbard governor’s office issued a statement confirming that the ship had been seized and would be held on Svalbard,…
HEALTH officials battling the Ebola outbreak in eastern Democratic Republic of Congo are using anonymised mobile-phone data to map population movements and identify areas where the virus could spread next, according to the World Health Organisation and researchers working with it. The approach, which has not been used before in an Ebola response, comes as authorities struggle to contain what the WHO has described as the fastest-growing Ebola outbreak on record. Cases have been confirmed in six provinces, with more than 6,250 people infected and 3,039 killed since the outbreak was declared on May 15, according to the latest government…
NIGERIAN Grammy winning artiste, Damini Ogulu, popularly known as Burna Boy, has become the first Nigerian artiste to surpass four billion views on YouTube. The milestone was achieved through the combined views of music videos and other content on the artiste’s official YouTube channel. The development underscores the global appeal of Burna Boy’s music and the growing international reach of Afrobeats. The singer’s catalogue includes popular songs such as “Ye,” “On The Low,” “Last Last” and “For My Hand”, which have collectively attracted hundreds of millions of views on the video-sharing platform. Burna Boy The News Agency of Nigeria (NAN) reports…
By Our Reporter, With Agency Reports THE FEDERAL High Court in Abuja on Thursday declined to grant bail to Adeniyi Adeyemi, the detained Director-General of the phantom Presidential Foreign Intervention Promotion Council (PFIPC), as a House of Representatives ad hoc committee investigating the purported agency cleared the Chief of Staff to the President, Femi Gbajabiamila, of involvement in its establishment or operations. Justice Obiora Egwuatu, who presided over the civil case filed by Adeyemi, declined to grant his requests for bail, medical attention and other reliefs at this stage, ruling that the police and other respondents must first be given…
THE STUDENTS of Adekunle Ajasin University, Akungba-Akoko (AAUA), on Thursday barricaded major roads leading to the campus, protesting the ongoing strike by the unions that has paralyzed academic activities in the institution. The protesting students blocked the university’s main gate and adjoining roads linking the institution to the major highway, disrupting vehicular movement. The Senior Staff Association of Nigerian Universities (SSANU); the Non-Academic Staff Union (NASU); and the National Association of Academic Technologists (NAAT) had on Tuesday embarked on strike over unmet demands by institution’s management. The Academic Staff Union of Universities (ASUU) in the state-owned university had on Aug.…
THE INDEPENDENT Petroleum Marketers Association of Nigeria (IPMAN) says filling stations across the Federal Capital Territory (FCT) will begin adjusting petrol pump prices downward in the next few days. The National Publicity Secretary of IPMAN, Mr Chinedu Ukadike, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. Ukadike said that marketers were preparing to adjust their pricing and sales strategies when the new products enter the market. He said the arrival of the new products could bring changes to the current market. He further said that marketers would make necessary adjustments to ensure…
THE CAMPAIGN for Democratic and Workers’ Rights (CDWR) has condemned the alleged use of tear gas by the Nigeria Police against protesting pensioners at the Lagos State House of Assembly in Alausa, Ikeja, describing the incident as an attack on the rights and lives of elderly citizens. In a statement signed by its National Chairperson, Comrade Rufus Olusesan, and National Publicity Secretary, Comrade Chinedu Bosah, the rights group said the pensioners were tear-gassed during a peaceful protest on August 31, 2026. The CDWR said the protesters had gathered at the Lagos State House of Assembly after the expiration of an…
THE CHRISTIAN Association of Nigeria (CAN) has cautioned politicians and their supporters against invoking the name of Jesus Christ to advance partisan interests ahead of the 2027 general elections. The President of CAN, Archbishop Daniel Okoh, gave the warning in a press statement released on Wednesday in Abuja. Okoh expressed concern over recent political commentary referencing Christ, specifically pointing to remarks made by Precious Oruche, popularly known as Mama Pee, regarding Peter Obi and the upcoming elections. While acknowledging the passionate nature of political discourse, the CAN President emphasised that the name of Jesus Christ is sacred and must not…