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The Lagos State Emergency Management Agency on Monday said a market around the Ajah area of the state was engulfed by fire, destroying shops and goods worth millions of naira. The agency’s Permanent Secretary, Dr Olufemi Oke-Osanyintolu, confirmed this in a statement made available to the News Agency of Nigeria in Lagos. Oke-Osanyintolu said the fire incident happened late Sunday night at Ajah Market by Alesh bus stop in Lekki, […]
Asian markets were mixed Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese economy following the release of more disappointing data. After a strong finish on Wall Street, where all three indexes ended sharply higher, Asia struggled to match up. Tokyo, Sydney, Singapore, Seoul, Mumbai, Manila, Wellington and Jakarta rose but Hong Kong, Bangkok and Taipei fell. London, Paris and Frankfurt all fell […]
Motorists on Wednesday found themselves stranded on the Lagos-Ibadan Expressway as buyers and sellers of livestock at the Kara Market blocked sections of the road causing a massive traffic jam. Our correspondents, who monitored the traffic congestion along the corridor, observed that large trucks carrying livestock, which were parked by the side of the highway for offloading, compounded the gridlock on the corridor. While the livestock were being offloaded from […]
Elon Musk’s artificial intelligence startup xAI has raised $6bn in a Series B funding round backed by investors including Valor Equity Partners, Andreessen Horowitz and Sequoia Capital, among others. In a statement posted on its website on Sunday, the startup announced that the funds from this round would be used to bring xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies. “xAI […]
The Dangote Petroleum Refinery is set to start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in January 2024, while the production of Premium Motor Spirit, popularly called petrol, is being delayed by the supply of crude oil in installments. It was gathered on Sunday that the facility would require a minimum of six million barrels of crude oil to kick-start the full production of […]
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