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FG urged to save factories while recovering loans

The Federal Government and development finance institutions have been urged to explore restructuring options for distressed textile and cotton factories before resorting to liquidation, to preserve jobs and rebuild Nigeria’s industrial base. A member of the Cotton, Textile and Garment Development Forum (CTGDF), Dr Bello Salman, made the call in Abuja, stressing that recovering loans […]

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A Houthi takeover of Bab al-Mandab cannot be tolerated

A Houthi takeover of Bab al-Mandab cannot be tolerated newspress_en Sat, 09/12/2026 - 05:17 Politics The Houthis have taken control of Yemen’s entire Red Sea coast, according to reports.

  • Houthis seize control of Bab al-Mandab Strait, linking Gulf of Aden and Red Sea.
  • Yemeni government sources confirm Houthi takeover of Dhubab town on coast.
  • Rashad al-Alimi warns against Houthi use of Bab al-Mandab for geopolitical coercion.

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