News

The World Bank has raised its 2026 economic growth forecast for Nigeria and other economies in Sub-Saharan Africa, citing stronger-than-expected economic performance and signs that reforms across the region are beginning to improve economic resilience.

The transaction closed on Tuesday, October 6, according to a regulatory filing. Warner Bros. Discovery became a wholly owned subsidiary of the combined business, now called Skydance Corporation, with its shareholders receiving approximately $31.02 per share in cash.

Plans to ease global diesel shortages face uncertainty over how much additional fuel countries will supply, as the International Energy Agency prepares to work through the G7’s emergency reserves pledge.

The passenger was said to have been returning from Madagascar after being denied entry into the country, adding a fresh dimension to the circumstances surrounding his death.

South Africa will prioritise 9.6 gigawatts of battery storage and gas-fired power, putting the ability to deliver electricity when needed ahead of another round of wind and solar procurement.

The Nigeria Labour Congress (NLC), Federal Capital Territory Council, has declared an indefinite strike across the FCT, directing workers to shut schools, hospitals, government offices and other establishments over unresolved labour disputes with the FCT Administration.

Nigeria’s security forces are confronting renewed attacks by terrorists and armed bandits in parts of the North, with troops recording a major battlefield success against Islamic State West Africa Province (ISWAP) terrorists in Borno State while communities in Sokoto State came under attack from armed bandits.

South Korea’s Yoido Full Gospel Church said on Wednesday that personal information relating to 850,000 members may have leaked, as investigations into suspected cyberattacks spread to two of Seoul’s largest congregations.

Financial market experts say Nigeria’s capital market must accelerate regulatory reforms, expand access to long-term financing for small and medium-sized enterprises and embrace digital innovation to attract more investment and support economic growth.

Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has urged Nigerians to take the 2027 presidential election seriously, warning voters against surrendering the power of their votes and later bearing the consequences of poor political choices.