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By Emeka Anaeto The National Economic Council (NEC) has approved the refinancing of NNPC Limited’s $3.3 billion oil-backed pre-export finance facility through a ‌new $4.5 billion arrangement. According to a report by Bloomberg quoting Presidency source, the facility is aimed at strengthening the country’s external reserves and freeing up funds for infrastructure. The new facility dubbed “Project Gazelle 2”, will refinance approximately $1.5 billion outstanding ⁠under the original 2023 deal while unlocking an additional $3 billion in liquidity, the report said.It added that ‘‘the refinancing comes as Nigeria seeks to shore up its foreign reserves and fund fiscal priorities amid…

Darius Saczuk, a high school teacher, views artificial intelligence as his enemy. Earlier this year, he and several dozen New York City teachers spent the day inside a windowless conference room in downtown Manhattan to learn how to use AI and prevent students from outsourcing their thinking to it.As Saczuk sees it, he needs to understand his enemy in order to beat it.“It’s killing our jobs, it’s changing our society, it’s replacing humans,” said Saczuk, who teaches English as a new language at Long Island City high school in Queens. “In order to retain my job, I need to know…

NewsFeedFootage shows the moment a lightning strike hit a football player in southern Thailand, during a semi-final match, killing him instantly. The strike injured 12 others as a monsoon storm swept through the area. Warning: video shows graphic footage.Published On 6 Aug 20266 Aug 2026Click here to share on social mediashare-nodesSharegoogleAdd Al Jazeera on Googleinfo

RESEARCH HIGHLIGHT 06 August 2026 Vehicles are less likely to smash into deer on the road where the big cats are on patrol. Deer living in the presence of pumas (Puma concolor) might favour the daytime, reducing the number of nocturnal collisions with vehicles. Credit: Nicolás Lagos, Panthera The puma, or cougar (Puma concolor), is an indirect friend to humankind, according to a study conducted on Washington’s beautiful, mossy Olympic Peninsula. Vehicle collisions with deer can injure or even kill people, but Justin Suraci at Conservation Science Partners in Truckee, California, and his colleagues found that drivers are less likely…

Lagos State Governor Babajide Sanwo-Olu has reaffirmed the state’s readiness to host the 2026 CAF Awards after a high-powered delegation from the Confederation of African Football (CAF) inspected the Wole Soyinka Centre for Culture and Creative Arts, popularly known as the National Theatre, the proposed venue for African football’s biggest annual awards ceremony. The five-man CAF delegation arrived in Nigeria last Thursday to assess facilities earmarked for two major continental events, the 48th CAF Ordinary General Assembly and the CAF Awards. Leading the inspection team is CAF’s Head of Safety and Security, Christian Emeruwa, a former Nigeria Football Federation (NFF)…

Dressed in a blue shirt and wearing sunglasses, Glitter appeared by video link from His Majesty’s Prison Channings Wood for the 11-minute hearing.Under his real name, Gadd was told of the charges against him and spoke only to confirm his name and date of birth.The prosecutor, Jonathan Polnay KC, told the court that Gadd said in a police interview he did not know the complainant, and that the allegations against him were false.He also told the court that the offences involved one person, and are said to have taken place between the years of 1978 and 1981 when the complainant…

Following a report published by the Nigerian Tribune and PREMIUM TIMES, the primary TikTok account linked to Elijah Oyebode, a death row inmate at the Ibara Custodial Centre in Abeokuta, has been deleted. The report exposed how the convicted murderer hosted live sessions from the correctional centre against established laws. A check on Tuesday showed that the account @ayola.oluwafu now returns the message: “Couldn’t find this account.” This publication could not ascertain whether the account was deleted by TikTok, by authorities at Ibara Custodial Centre, or by Mr Oyebode himself. The story The investigation revealed that Mr Oyebode had been…

Free agent Mohamed Salah who will be unveiled today at Trabzonspor has become the latest highest paid player in the Turkish Super Lig following his reported one-year net salary of €17 million after tax. In addition, Salah is to receive 20% of the revenue generated from merchandise sales linked directly to his image, alongside other performance bonuses. Until the arrival of the 34-year-old former Liverpool front man in Turkey, Nigerian Victor Osimhen was the highest paid star in the Super Lig, grossing a net salary of €15 million plus an extra €1 million in bonuses. Galatasaray paid €75 million for…

SpaceX share slump leaves Gina Rinehart with $283m loss on paperLuca IttimaniGina Rinehart has lost an estimated $283m on paper as Elon Musk’s SpaceX company slumps in value.SpaceX shares fell overnight to US$108.27, 19.8% below its price of US$135 when it listed on share markets. It is now valued at US$1.4tn. Musk, its founder, was briefly the world’s first trillionaire but is now worth US$693.7bn, according to Forbes.The company had released financial results showing strong revenue growth but capital spending on AI development was particularly high. Tony Sycamore, market analyst at IG, said the report had unsettled investors.Rinehart’s company, Hancock…

Managing Director, FairMoney Microfinance Bank, Henry Obiekea, has stressed the need for the implementation of the ongoing recapitalisation programme of the Central Bank of Nigeria (CBN), describing it as a strategic investment that will strengthen Nigeria’s financial ecosystem. According to him, if implemented successfully, it has the potential to strengthen financial stability, deepen credit access, improve investor confidence, and support a more inclusive and resilient economy. Speaking from a Fintech perspective, Obiekea said: “For Nigeria’s rapidly growing Fintech ecosystem, although they are subject to different licensing frameworks depending on their operations, the broader regulatory direction is equally clear. Institutions that facilitate payments, tech-enabled banking, lending and savings are expected to maintain governance,…