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Aviation University Staff Awarded PhD Scholarship In China

Aviation University Staff Awarded PhD Scholarship In China

Africa, Aviation, Breaking News, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Interviews, News, Travel, World
Four academic staff members of the African Aviation and Aerospace University (AAAU), Abuja, have departed Nigeria for China for doctoral studies under the institution’s academic partnership with the Civil Aviation University of China (CAUC). The four scholars, Umar Dodoji Ibrahim, Rukkayat Abdulkarim, Boussa Samuel and Zaitun Bakabe Sanusi, are beneficiaries of a PhD scholarship jointly sponsored by the Federal Ministry of Aviation and Aerospace Development and the Tertiary Education Trust Fund (TETFund). The development is part of ongoing efforts to strengthen the capacity of academic staff and develop specialised manpower for Nigeria’s aviation and aerospace industry. Speaking at a send-off event for the staff in Abuja, the acting vice-chancellor of AAAU, Mustapha Sheikh Abdulla...
Mr Macaroni Bags Master’s Degree From UK Academy

Mr Macaroni Bags Master’s Degree From UK Academy

Africa, Corporate Stories, Energy, Entertainment, Exclusive, Interviews, News, Profile, Travel, World
Nigerian comedian and actor, Debo Adedayo, popularly known as Mr Macaroni, has earned a Master of Arts degree with Distinction in Performance (Acting) from the Mountview Academy of Theatre Arts in the United Kingdom. The entertainer’s achievement was announced in a congratulatory social media post celebrating his academic accomplishment. Mr Macaroni, known for his comedy skits and acting roles, has built a career in the Nigerian entertainment industry through his popular character, Daddy Wa. The achievement marks another academic milestone for the entertainer, who continues to combine his work in comedy, film, and television with professional development. The Master of Arts degree in Performance (Acting) recognises his training in the performing arts at the UK-based institution...
US-Iran conflict to cut global fuel demand by 2.4mbpd

US-Iran conflict to cut global fuel demand by 2.4mbpd

Africa, Business, Capital Market, Corporate Stories, Economy, Energy, Finance, Growth & Insight, Industry, Interviews, News, Oil & Gas, Travel, What's Hot, World
The US-Iran conflict is expected to reduce global refined petroleum products demand by 2.4 million barrels per day before the end of 2026, as supply disruptions, rising fuel prices and restrictions on shipping and aviation weigh on consumption across major markets. The decline was expected to be concentrated in the second and third quarters of the year, when disruptions to supplies, elevated pump prices and restrictions on regional shipping and aviation had their greatest impact, according to projections by Kpler. The outlook shows that gasoil and diesel will suffer the largest decline among refined products, with demand projected to fall by 500,000 barrels per day this year. Liquefied petroleum gas (cooking gas) demand is expected to drop by 460,000 barrels per day, while naphtha co...
Presidential battle: Promises, power struggle as campaigns gather pace

Presidential battle: Promises, power struggle as campaigns gather pace

Africa, Corporate Stories, Economy, Exclusive, Interviews, News, Politics, Power, Travel, What's Hot, World
Abdulrahman Zakariyau, Dirisu Yakubu, Adebayo Folorunsho-Francis, Animasahun Salman, Collins Agwam and Emem Julius The January 17, 2027 presidential race gathered momentum on Wednesday as President Bola Tinubu and opposition candidates Atiku Abubakar, Seyi Makinde and Peter Obi intensified their campaigns, unveiling competing promises on security, economic recovery, national unity and improved living conditions. While Tinubu sought another four-year mandate on the strength of his administration’s policies and promised continuity, the opposition candidates criticised the state of the country and offered alternative plans to tackle mounting economic and security challenges. The African Democratic Congress presidential candidate, former Vice-President Atiku and that of the ...
Climate Stakeholders Seek Action Against Marine Pollution

Climate Stakeholders Seek Action Against Marine Pollution

Africa, Appointments, Breaking News, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Insurance, Interviews, Maritime, News, Travel, World
Stakeholders in the environmental and climate sectors have called for stronger partnerships, increased public awareness and sustained action to tackle climate change, plastic pollution and marine waste in Nigeria. The call was made at the second edition of the African Sustainable Development Goals (SDG) Film Festival (ASFF 2026), organised by Chanja Datti Limited in Abuja to promote sustainable development through films, documentaries and creative storytelling. The Senior Special Assistant to the President on Climate Technology and Operations, Olamide Fagbuji, urged government institutions, businesses, development partners and communities to intensify collaboration in addressing environmental challenges. Fagbuji stressed the need to translate climate advocacy into practical interv...
N70,000 Allowance Row: Labour Veterans Move To End NLC, TUC Feud

N70,000 Allowance Row: Labour Veterans Move To End NLC, TUC Feud

Africa, Appointments, Breaking News, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Health, Industry, Innovation, Interviews, News, Power, Travel, What's Hot, World
Former leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have moved to resolve the growing disagreement between the two labour centres over the federal government’s proposed N70,000 transport allowance for workers. The veterans involved in the intervention include, former NLC presidents; Comrade Hassan Sunmonu, Comrade Abdulwaheed Omar, Comrade Ayuba Wabba and the former TUC presidents; Comrade Peter Esele, Comrade Bobboi Kaigama and Comrade Quadri Olaleye. Former NLC president, Comrade Ayuba Wabba, disclosed this yesterday at the 52nd National Executive Council (NEC) meeting of the Medical and Health Workers Union of Nigeria (MHWUN) in Abuja. Wabba said labour veterans from both centres had already held preliminary discussions on the disag...
74% of Nigerian tech startups maintain US ties – Report

74% of Nigerian tech startups maintain US ties – Report

Africa, Appointments, Breaking News, Business, Corporate Stories, Economy, Energy, Exclusive, Finance, Industry, Innovation, Insurance, Interviews, News, Power, Technology, Technology & Innovation, Travel, World
A new report has revealed that 74 per cent of Nigerian companies maintain ties to the United States, predominantly for corporate incorporation and fundraising. The newly released report by TLP Advisory, titled ‘Home & Away: Tracking African Tech’s Global Footprints,’ which was presented to the public in Lagos on Saturday, shows that while Nigerian tech startups pulled in $572m in 2025 – accounting for roughly 14 per cent of the continent’s total venture funding-currency depreciation, limited domestic exit options, and investor mandates are forcing many founders to look outward for survival and scale. “Although the US is the most common destination for Nigerian companies’ foreign affiliations, with 74 per cent maintaining ties there, their UK ties more often involve operation...
High Energy, Logistics Costs Threaten Nigeria’s Bid To Become Manufacturing Hub, Stakeholders Warn

High Energy, Logistics Costs Threaten Nigeria’s Bid To Become Manufacturing Hub, Stakeholders Warn

Africa, Breaking News, Business, Corporate Stories, Economy, Energy, Exclusive, Finance, Growth & Insight, Industry, Innovation, Interviews, Logistics, News, Power, Technology, Travel, Working Woman, World
Nigeria’s ambition to become Africa’s leading manufacturing hub is facing significant obstacles as high energy, logistics and financing costs continue to undermine the competitiveness of local industries, stakeholders have warned. They said despite the country’s large consumer market and duty-free access to about 1.4 billion people under the African Continental Free Trade Area (AfCFTA), Nigeria cannot attract large-scale manufacturing investments or compete effectively in global markets without addressing the high cost of production. Stakeholders who spoke at the BusinessDay 2026 Mobility and Logistics Conference stressed that the cost of essential manufacturing inputs, particularly electricity, transportation, and credit, has continued to put Nigerian manufacturers at a disadvantage...
CBN study links Nigeria’s fiscal deficits to currency depreciation

CBN study links Nigeria’s fiscal deficits to currency depreciation

Africa, Appointments, Business, Corporate Stories, Economy, Energy, Finance, Industry, Interviews, News, What's Hot, World
Nigeria’s persistent budget deficits are weakening the naira and contributing to higher interest rates, according to a study published in the Central Bank of Nigeria’s Journal of Applied Statistics. The research, titled ‘Budget Deficit Dynamics and Macroeconomic Performance in Nigeria,’ examined the relationship between fiscal deficits and key economic indicators using annual data covering 1981 to 2024. Authored by Ndubuisi E. Uguru, the study identified government fiscal imbalances as a major source of exchange rate instability, while warning that their effects could constrain monetary policy and discourage private investment. Using a Vector Autoregressive framework, the research found that budget deficits account for a substantial proportion of exchange rate fluctuations and con...

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