$2bn petrochemical plant’ll produce 77 grades of plastic products – Dangote

Dangote Industries Limited has said its $2bn petrochemical plant in Lagos is designed to produce 77 different high-performance grades of polypropylene in the country. The company said in a statement on Sunday that with a turnover of $1.2bn, the plant, situated alongside the Dangote Refinery, had been strategically positioned to cater to the demands of…

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Kabul threat: We’re in talks with Taliban to avoid misunderstanding, says Pentagon

The threat of more attacks against Kabul airport remains acute one day before the US military completes its withdrawal from Afghanistan after 20 years of war, Pentagon spokesman John Kirby said Monday. Kirby said the evacuation operation at the airport, currently controlled by thousands of US troops, is on high alert after the Islamic State-Khorasan…

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WHO medical supplies land in Afghanistan amid Taliban takeover

A plane carrying desperately-needed medical supplies landed in Afghanistan on Monday, the World Health Organisation said, a first since the Taliban took control of the country two weeks ago. Hospitals and clinics are rapidly running out of supplies in the war-ravaged country, and a deadly attack at Kabul airport Friday has further complicated the delivery…

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Kaduna seals off four bank branches over N300m tax defaults

Kaduna State Internal Revenue Service sealed the head offices and other branches of four banks in Kaduna on Monday over N300.5 million unpaid taxes. KADIRS Executive Chairman, Zaid Abubakar, identified the affected banks as First Bank, Access Bank, Guaranty Trust Bank and Sterling Bank. Abubakar told journalists after the exercise in Kaduna that the money…

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Peterside doubts NNPC N287bn profit, challenges corporation

Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped its fingers in the federation account in order to announce a profit of N287bn. President, Major General Muhammadu Buhari (retd.), had announced a net profit by the NNPC for the first time in its 44-year…

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48.5bn dollars spent on international transfers from 2011 to 2020 — FIFA

A total of 48.5 billion dollars (about N19.98 trillion) in international transfer fees have been paid in the decade until 2020, football’s world governing body FIFA said on Monday. FIFA, in coming to this conclusion, analysed 133,225 cross-border transfers and loans between 2011 and 2020. Ten years ago, 2.85 billion dollars was spent, while the…

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