The Republic of Korea announced on Tuesday that it plans to invest in Nigeria, with an emphasis on agriculture, energy, natural resources, cyberspace, biotechnology, and oil refinery. Mr Jang Sungmin, Special Envoy of the President of Korea, made the announcement after meeting with Vice President Kashim Shettima and other key government officials in Abuja. Sungmin said the visit was to explore areas of expanding Korean economic cooperation with Nigeria especially as President Tinubu promised to further open up the country to foreign investments. He said, “President Yoon, last year, announced a policy to expand cooperation with Africa. “Only a…
Author: meridianspy
Manchester City confirmed on Tuesday that they had finalized the signing of Croatia midfielder Mateo Kovacic from Chelsea, after the departure of captain Ilkay Gundogan. The treble champions announced that the 29-year-old has signed a four-year contract after the clubs apparently agreed on an initial cost of £25 million ($32 million), with a potential £5 million in add-ons. Kovacic joins Pep Guardiola’s team following five years at Chelsea, where he won the Champions League and Europa League and made 221 appearances. He is City’s first signing of the transfer window and his arrival compensates for the departure of Gundogan, who…
The United States on Tuesday imposed sanctions aimed at disrupting gold mining activities that fund the Wagner Group in Africa, vowing to hold the mercenaries accountable for abuses days after they staged a mutiny in Russia. The measures against the Wagner Group had been previously planned but were briefly put on hold as US officials sought to avoid appearing to favor a side in a power struggle between the mercenaries’ chief Yevgeny Prigozhin and Russian President Vladimir Putin. The Treasury Department announced sanctions against Midas Resources, which operates mines in the Central African Republic, and Diamville, a gold and…
President Bola Ahmed Tinubu has approved the renaming of 15 of the country’s airports after the immediate past President Muhammadu Buhari and other prominent Nigerians. The renaming of the airports was announced in a memo released by the Federal Ministry of Aviation dated June 1, 2023, and signed by Mrs Joke Olatunji for the Director of Airport Operations on Monday. The statement noted that the President renamed the airports “as part of reforms of the Aviation sector.” The Maiduguri Airport was renamed after the immediate past President Muhammadu Buhari and the Port Harcourt Airport after the late nationalist Obafemi Awolowo,…
JUST IN: Shettima decorates New Acting Customs Boss, Adeniy Vice President Kashim Shettima, on Monday, decorated the Acting Comptroller-General of Customs, Adewale Adeniyi, at the Presidential Villa, Abuja. Adeniyi’s decoration comes one week after he was named the Acting Customs Chief by President Bola Tinubu on Monday, June 19, 2023, alongside other new security helmsmen. Details shortly…
Microsoft has been increasingly moving Windows to the cloud on the commercial side with Windows 365, and now the software giant wants to do the same for consumers. In an internal presentation, Microsoft discusses building on Windows 365 to enable a full Windows operating system streamed from the cloud to any device. Moving Windows 11 increasingly to the cloud is identified as a long-term opportunity in Microsoft’s “Modern Life” consumer space. This would allow Microsoft to use the power of the cloud to provide improved AI-powered services and full roaming of people’s digital experience. Windows 365 is a service…
The Enugu government says it aims to organize a diaspora investment forum, which will generate $2 billion in investor interest in the first year. Peter Mbah, the state governor, tagged the event during a press conference on Monday at the Government House in Enugu. The ‘Enugu State Diaspora and Investment Forum’ is slated for April 2024. The governor said the forum would be heralded by a couple of events, including the ‘Investment and Economic Growth Stakeholder Roundtable’ slated for September 2023, to inform key stakeholders about upcoming investors’ days; the ‘Diaspora Forum’ in December 2023, to bring together the diaspora…
The Nigerian Exchange Limited, NGX has blacklisted 12 stock broking firms for non compliance with shareholders fund as required by regulation to operate in the Nigerian stock market. The firms are: First Stockbrokers Limited, GMT Securities Limited, Standard Alliance Capital & Asset Management Limited, Enterprise Stockbrokers Limited, Adamawa Securities Limited, Gombe Securities Limited, CEB Securities Limited and Horizon Stockbrokers Limited. Others include: ITIS Securities Limited, ML Securities Limited, and Supra Commercial Trust Company Limited. The NGX stated that the companies have inadequate shareholders fund as at June 19, 2023. Meridian Spy gathered that the companies have been suspended from trading…
At the Ghana Football Awards, Nigerian striker Victor Osimhen won the Best African Player honor, beating off Riyadh Mahrez, who won the Triple Crown, and Mohammed Salah. The 24-year-old registered 31 goals in all competitions last season to help Napoli win the Serie A title for the first time in over three decades. The Super Eagles forward’s best season as a professional player has seen him scoop awards and break records, with his latest coming from the award ceremony in Ghana. Osimhen, in a video online, thanked the organisers for the award and promised to make Africa proud. The video…
A man identified simply as Baba Tumise, his yet-to-be-identified wife, a teenager identified simply as Rofiat, and an apprentice, one Martins, have been hospitalised following an explosion at a gas retail shop in the Agege area of Lagos State. Newsmen gathered that the explosion which occurred around 11pm stemmed from a leakage from one of the gas cylinders at the retail shop located on the premises of a storey building beside the Apostolic Church, Agege. It was learnt that a resident, identified simply as Madam Abowaba, while running to keep safe after the explosion, fell into a gutter and sustained…
Professor Abubakar Rasheed, the Executive Secretary of the National Universities Commission (NUC), has made his resignation from the commission. During the approval of the Kogi State University Kabba on Monday in Abuja, Mr. Rasheed noted that this would allow him to return to class as his main responsibility. . He said he would continue his lecturing job at the Bayero University Kano, from where he was appointed after spending seven years in the commission. Mr Rasheed, a Nigerian academic, administrator and a professor of English, was Vice-Chancellor, Bayero University Kano between 2010-2015, and assumed office as the executive secretary of…
Ribadu Takes Over from Munguno as New NSA, pledges to Subdue Insecurit Mallam Nuhu Ribadu on Monday, officially assumed duties as the National Security Adviser (NSA) with a pledge to subdue insecurity and stabilise Nigeria. Ribadu took over from former NSA, retired Maj.-Gen. Babagana Monguno, following his appointment by President Bola Tinubu on June 19. He said the administration of President Tinubu had enormous responsibility of securing Nigeria, stabilise it and ensure peace in all parts of the country. According to him, this is a work for Nigerians and we intend to continue with what has been done. “We will…