Every 21st day of September has been declared by the United Nations General Assembly to commemorate peace by the Resolution 55/282 in September 2002. It is devoted to strengthen the ideals of peace, both within and among all nations and peoples, and thus urges member states to ensure its observance. Nigeria is joining other countries to mark the day. This year’s Read More
A recent survey shows Nigeria as the most crypto-savvy nation ahead of the United States and European countries. According to a new report from YouGov and ConsenSys, Nigeria’s crypto awareness stands at 99 per cent as the country leads in digital asset knowledge and perceived investment drive. 15,158 survey participants aged 18- 65 were polled from 15 countries to determine Read More
As the global industrial lubricants market is elected to hit a valuation of $22,85 billion by the end of the year, Nigeria, leader in crude oil production in Africa is missing in the list of top beneficiaries. According to report, India, United States, China and the United Kingdom have significant shares in the market. The market is anticipated to expand Read More
Nigerians are currently groaning under a rising prevalence of diabetes mellitus. A recent meta-analysis reported that approximately 5.8% (about 6 million) of adult Nigerians are living with diabetes. This figure has been likened to a tip of an iceberg as it is estimated that two-thirds of diabetes cases in Nigeria are yet undiagnosed. This scenario which applies to most low Read More
Hearing aid developed by Nigerian researchers under the Tertiary Education Trust Fund (TETFund) Alliance for Innovative Research (TETFAIR) programme has begun to attract global recognition, named, “Chord Hearing Device”. It was developed by a team under the TETFAIR initiative, which recently got opportunity for exhibition at the prestigious Sheba ARC (Accelerate, Redesign, Collaborate) Global Entrepreneurship Programme. This was disclosed Thursday Read More
The projection by the International Monetary Fund (IMF) to the effect that a third of global economies may slip into recession this year has raised concerns, especially in developing countries like Nigeria, which economy struggled to exit two successive recessions in 2016 and a third recession in 2018. Dropping the hint on a television programme, the Managing Director of IMF, Read More
COVID-19: Global health systems improving first time in 3 years — WHO A recent World Health Organisation (WHO) report has indicated that health systems globally have shown signs of improvement for the first time after COVID-19 struck the world in 2020. Evidences The agency said in a report released on May 2, 2023 that services such as sexual, reproductive, maternal, Read More
Insurance companies across the West African sub-region are set to reposition for global competitiveness. At the forthcoming West African Insurance Association (WAICA) Education Conference, expected to take place from 7 – 9 May 2023 in Victoria Island, Lagos, experts are expected to address the issue of rating at this time because insurance industry, as a critical player in the economy, Read More
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World Bank report has said. In its April 2023 Africa’s Pulse, an economic update for Sub-Saharan Africa, the Bank noted that growth recovery in Nigeria for 2023 (2.8%) is Read More
Vice President Yemi Osinbajo would speak on Monday at the King’s College London, United Kingdom, where he has been invited to deliver a public lecture following the school’s annual Africa Week 2023 events. Osinbajo would be hosted as a Special Guest by the King’s College Africa Leadership Centre (ALC), Senior Special Assistant to the President on Media and Publicity in Read More
Reputable global analysts have see a continuous upward price hike of crude oil even after an opening week loss. It will be recalled that on Monday, oil prices rebounded and were trading higher, extending the rally into morning Asian trade on Tuesday. Though oil prices fluctuate constantly, to such an extent it is extremely difficult to predict them with any Read More
Exxon Mobil Corp hopes to get the federal government’s approval to allow the stalled sale of its shallow water oil production operations in Nigeria, a top Exxon executive told Reuters. The largest U.S. oil company will keep its deep-water assets in Nigeria despite a change in the government’s leadership, Exxon Global Upstream President Liam Mallon said ahead of the CERAweek Read More
The Yongsan US military base in Seoul, the ROK, was surrounded by ROK citizens shouting “Shut down the bio-labs!” It was not the first time that such protests took place in a country in which US troops are based. But the date of this campaign made it different. It was April 10, 2022, the 50th anniversary of the opening for Read More
Global financial and business environment has continued to unfold even in the face of uncertainties that envelope current economic realities. We continue to witness arrays of meaningful and life changing packages cutting across the way things are done. In recent times, the means of exchanging and trading as well as payment for goods and services have all been impacted. This Read More
Renewable energy is moving faster globally. In the light of this, the International Energy Agency (IEA) is set to account for over 90% global electricity and to expand the capacity in the next five years. HELEN OJI reports. The International Energy Agency’s (IEA) Renewables Outlook says that renewables are set to account for over 90% of global electricity capacity expansion Read More
National chairman of the Action Democratic Party (ADP) Engr Yabagi Yusuf Sani, has said his party has prepared a blueprint that will rescue Anambra state from what he described as bondage of the ruling All Progressive Grand Alliance (APGA) and other political parties. Sani also expressed confidence that his party will emerged victorious in the forthcoming governorship election. Speaking at Read More
National chairman of the Action Democratic Party (ADP) Engr. Yabagi Yusuf Sani, has said his party has prepared a blueprint that will rescue Anambra state from what he described as ‘bondage imposed by the ruling All Progressive Grand Alliance (APGA) and other political parties. Sani also expressed confidence that his party will emerged victorious in the forthcoming governorship election. Speaking Read More
“The overwhelming opinion of Nigerians was that to be able to police the country effectively, State Police was a necessity. Now the APC government has refused to implement the report of the committee it set up, which was headed by an APC Governor and comprised only APC members. Isn’t this hypocrisy? Isn’t this public deception, giving the impression that it is doing something about Read More
Vice President Yemi Osinbajo has said Nigeria expected more developed countries to change the direction of the conversation around energy transition in favour of Africa at the COP26 summit. The COP26 summit, scheduled to be held in Glasgow, Scotland, from October 31 to November 12, is aimed at accelerating action toward the goals of the Paris Agreement and the UN Read More
The president, African Development Bank (AfDB), Dr. Akinwunmi Adesina, has disclosed that the bank was targetting to create 25 million new jobs by 2025. Adesina made the disclosure when he delivered a lecture on “Social Media, National Security and Social Change: Bridging the Gap for Development in Africa’’ in Lagos.According to a statement issued by the bank on Friday in Read More
A report released Wednesday by the World Health Organisation (WHO) said some 80,000 to 180,000 healthcare workers globally are estimated to have died from COVID-19 between January 2020 and May 2021. The report stated that less than one in 10 healthcare workers in Africa are fully vaccinated and more than 128,000 have been infected with the virus, The agency has Read More
Osun state governor, Adegboyega Oyetola, has denied the alleged ownership of a property in London, United Kingdom. He also denied the purported link with the owner of the property, Mr Kolawole Aluko. In a statement signed by his Chief Press Secretary, Ismail Omipidan, and made available to newsmen in Osogbo, Sayurday, Oyetola described as ‘unfounded and untrue,’ the report linking him to the Read More
Rising energy costs have added to the supply chain disruption and crop failures to worsen an already dire situation with global food prices, Bloomberg has reported, citing data from the UN. According to the data, the global food index UN compiles has risen by a third over the past 12 months and could continue upward as energy costs soar due Read More
A global oil giant, AITEO has slammed Anglo-Dutch Company, Shell with a $2.5B suit over claims it made in the sale of the OML 29. Shell and its joint venture partners sold all their undivided 45% equity in OML 29 to AITEO sometime in 2014 for a whopping sum of $2.4 billion, which assets Shell said included the Nembe Creek Trunk Line Read More
In a dire period where natural gas has become a scarce commodity, with prices hitting an all-time high, Nigeria and other nations involved in huge gas flaring are likely to lose about $82 billion a year says GlobalData report. The surge in natural gas prices is also due to a massive supply shortage in Europe, a situation that is quickly Read More
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