Browsing Tag

losses

Dangote Faces Potential Losses Reaching N32.5 Billion

In the labyrinthine world of commerce, decisions often lead to myriad outcomes. The Nigerian National Petroleum Company (NNPC) Limited recently made a pivotal choice, halting its innovative Naira-for-crude initiative. This development bears significant impacts on local refineries, not least because this initiative enabled transactions in the country's own currency—a bold strategy designed to mitigate complexities of foreign exchange. The decision to suspend the program emerged from reports…

Musk: Government Employees Must Defend Their Roles or Face Job Losses

In a bold and controversial move, Elon Musk has declared that all federal employees in the United States must justify their roles or face termination. This announcement came mere hours after former President Donald Trump urged Musk to adopt a more aggressive stance on reducing government expenditures. As the wealthiest individual in the world and a prominent benefactor of Trump’s political endeavors, Musk has taken the lead in a significant restructuring effort aimed at the federal workforce. He stated unequivocally, "All…

Al-Shabaab Forces Regather in Mahaday Area Following Major Losses in Hiiraan Region

Beledweyne (AX) – In the often tumultuous chessboard of Somalia, where tactics and survival mingle intricately, the ebb and flow of conflict has confounded yet again. Al-Shabaab militants, those elusive insurgents with their unslakable thirst for turmoil, have found a new haunt—nestled by the murmuring banks of the Shabelle River in the Mahaday district, they plan their next move. Local inhabitants mutter about seeing swarms of militants sweeping into the area, battered from recent fierce skirmishes in Hiiraan. It’s as if…

Al-Shabaab militants endure large losses in Somalia’s Jubaland

Al-Shabaab militants suffer huge losses in Somalia's Jubaland MOGADISHU, Somalia - Jubaland security forces repelled an al-Shabaab attack over the weekend, in what could be one of the most gradual gains for regional security officers in recent months, giving hope in the fight against the militants. According to military sources, the militants were preparing an assault on Kudha in the Lower Juba…

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