Hackers have infiltrated the systems of the Bank of Uganda, stealing a staggering 62 billion Ugandan shillings (approximately $17 million), according to a report by Bloomberg. The breach, reportedly executed by a cybercriminal group called “Waste” based in Southeast Asia, has raised serious concerns about cybersecurity in the country. According to the report, the Bank…
The Nigerian National Petroleum Company (NNPC) Limited has announced the successful re-streaming of the Port Harcourt Refining Company (PHRC), marking a significant milestone in the country’s energy sector. The refinery, currently operating at an output of 60,000 barrels per day, has the potential to double its capacity to 120,000 barrels per day upon full rehabilitation….
Abike Dabiri-Erewa, chair of Nigeria’s Diaspora Commission (NiDCOM), recently shared that Kemi Badenoch, the newly appointed leader of the UK Conservative Party, has not responded to outreach efforts from Nigeria. Dabiri-Erewa made this remark during an interview on Channels Television’s “The Morning Brief,” expressing frustration over Badenoch’s seeming disinterest in engaging with her Nigerian heritage….
Libya is preparing to host its first oil and gas exploration tender since the country’s 2011 civil war, aiming to draw back global oil companies after years of political turmoil and disruptions in production, according to Oil Minister Khalifa Abdul Sadeq. The tender, planned for late 2024 or early 2025, will include both onshore and…
Apple has just unveiled its latest MacBook Pro models, and this time, they’ve gone all out. With groundbreaking new hardware, stunning performance upgrades, and enhanced user experience features, this release has set a new standard in the laptop world. Whether you’re a creative professional, a developer, or a tech enthusiast, the new MacBook Pro is…
When it comes to human achievement, a new generation of mega projects is redefining what’s possible in engineering, urban design, and sustainable innovation. These vast undertakings span cities, factories, dams, and even entire countries, each designed to address global challenges or showcase visionary concepts. Below, we explore the ten most audacious mega projects currently reshaping…
Nigerian authorities have officially dropped charges against Tigran Gambaryan, an executive at Binance Holdings, who had been facing allegations of money laundering. Gambaryan, who serves as the Head of Financial Crime Compliance for Binance, has been in detention since April 2024, but recent developments suggest the charges against him have been stepped down. Gambaryan, alongside…
As global wealth continues to accumulate at unprecedented rates, cities around the world are becoming hubs for the ultra-wealthy. Centi-millionaires, individuals with a net worth of over $100 million, are concentrated in key metropolitan areas where finance, technology, and luxury thrive. According to a report by Henley & Partners, as of December 2023, the cities…
The International Monetary Fund (IMF) World Economic Outlook (WEO) report for October 2024 has projected that Nigeria will end the year with a Gross Domestic Product (GDP) of $199.72 billion. This development places Nigeria as the fourth largest economy in Africa, trailing behind South Africa, Egypt, and Algeria. Nigeria’s GDP projection reflects the ongoing economic…
As the global demand for medical cannabis continues to grow, several African countries have shifted their stance on cannabis cultivation. Although the plant remains widely banned for recreational use due to health concerns, many nations now permit its cultivation for industrial and medicinal purposes. With Africa producing some of the highest levels of cannabis globally,…