UK court freezes $170m assets across four countries after alleged evasion and unpaid oil deals: UK Court Freezes Assets of Nigerian Oil Trader A UK High Court has frozen the global assets of Nigerian oil trader Abdulrahman Musa Bashar after he failed to pay a $40 million debt. The court also restricted his trading company,…
Education support fund boosts staff welfare across 141 institutions nationwide:The Federal Government has disbursed N11.8 billion to 6,842 academic and non-academic staff in tertiary institutions under the Tertiary Institutions Staff Support Fund (TISSF). The beneficiaries were drawn from 141 institutions, including federal universities, polytechnics, and colleges of education. The TISSF, launched in August 2025, is…
Partnership targets refinery upgrade, petrochemical expansion, and gas-based industrial hubs The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding (MoU) with two Chinese firms to rehabilitate and operate Nigeria’s Port Harcourt and Warri refineries. The agreement involves Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. Deal…
BY ALO 360 Editorial Board On Workers’ Day, President Bola Tinubu declared poverty and insecurity national emergencies. Labour leaders responded with a warning of a collapsing social contract. Between the two positions lies the truth Nigerians already know: workers in this part of the world are squarely and grossly underpaid. Yet, the real measure of…
New report links emissions reduction to increased energy supply amid global tensions Reducing methane emissions in the energy sector could unlock up to 200 billion cubic metres (bcm) of natural gas annually for global markets, according to the Global Methane Tracker 2026. The report highlights the growing urgency to boost gas supply as geopolitical tensions…
Renewable mini-grids and solar systems drive access for millions amid rising investment Nigeria’s electricity sector is undergoing a major shift as new investments in off-grid energy solutions begin to power underserved communities and boost economic growth. Despite being Africa’s largest economy, Nigeria still faces a severe energy deficit. Over 85 million people lack access to…
Walmart and Aldi Products Affected by Contamination Alert The Food Safety and Inspection Service has expanded a food recall over possible salmonella contamination. The updated recall now includes six products, among them frozen pizzas sold at Walmart and Aldi. Officials linked the issue to contaminated dry milk powder used in production. Great Value and Mama…
Kemi Adeosun, former minister of finance, has advised Christians to prioritise sound business strategies, saying prayer alone does not guarantee success in business. Speaking as a keynote speaker at The Platform, a civic dialogue organised by Covenant Nation on Friday, Adeosun said entrepreneurs must understand market realities. “Angels do not bring customers. Marketing brings customers,”…
OpenAI Plans Exclusive Event for New AI Model Release Sam Altman has announced a private celebration to mark the release of GPT-5.5. The event is scheduled for May 5 and will host a limited number of guests. He shared an RSVP form online and revealed that OpenAI’s coding agent would help select attendees. Registration filled…
Sudden Closure Disrupts Travel Nationwide Spirit Airlines has ceased operations, leaving thousands of passengers stranded across the United States. Flights were cancelled abruptly, and customer service shut down without prior notice to many travelers. Passengers were advised not to come to airports and to seek refunds or alternative bookings. Chaos at LaGuardia Airport Terminal Scenes…
