Federal Capital Territory Minister Flags Off Resurfacing and Rehabilitation of Roads in Abuja+30
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has launched a comprehensive road resurfacing and rehabilitation project in Abuja. The project will cover 135 roads in major districts of the city, aiming to revitalize the capital's infrastructure. This article explores the significance of this initiative and the positive impact it will have on the residents and the overall development of Abuja.
Lagos State House of Assembly Rejects Three Cabinet Nominees of Governor Sanwo-Olu+30
The Lagos State House of Assembly, led by Mudashiru Obasa, has rejected three cabinet nominees of Governor Babajide Sanwo-Olu. This comes after a screening and clearance session in which 18 nominees were considered. The rejected nominees include Engr Olalere Odusote, who had been rejected for the second time, Sam Egube, and Tolani Sule Akibu. Fifteen other nominees were cleared during the session. This article explores the reasons behind the rejection and the impact it may have on the Sanwo-Olu administration.
Nigerian Securities and Exchange Commission Warns Against Binance Use+30
The Nigerian Securities and Exchange Commission (SEC) has issued a warning to local investors regarding the use of Binance, a major cryptocurrency exchange. This comes after a fraudulent company was found using the Binance name illegally, prompting the SEC to caution investors. This is not the first time such a warning has been issued, and it highlights the cautious approach Nigeria takes towards cryptocurrency businesses. Binance has also faced regulatory challenges in other countries, but it is making progress in gaining clearance from Dubai's regulatory body.
Global Energy Demand Expected to Rise 23% by 2045, Says OPEC Secretary General+30
Global energy demand is projected to increase by 23% by 2045, according to Haitham Al Ghais, the secretary general of OPEC. In order to meet this growing demand, the global oil industry requires $12.1 trillion in investment over the same period. Al Ghais emphasized the need for innovative solutions such as carbon capture utilization and storage, hydrogen projects, and a circular carbon economy. However, the industry is not currently on track to reach the investment levels required to meet future energy needs.