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Declines

While social media lit up with posts about cryptocurrencies being hurt by United States President Joe Biden's tax plan, some traders and analysts said declines are likely to be temporary [File- Wei Leng Tay-Bloomberg]

Crypto: Bitcoin, Ether, XRP, Dogecoin sink over Biden tax plans

Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concerns that United States President Joe Biden’s plan to raise capital gains taxes will curb investments in digital assets.
World Trade Organization - WTO

WTO: Nigeria is number one importer in Africa

The World Trade Organisation (WTO) says Nigeria is the number one importer of commercial services in Africa.
Doses of the Sputnik V (Gam-COVID-Vac) vaccine against the coronavirus disease (COVID-19) are seen at Ezeiza International Airport, in Buenos Aires, Argentina January 16, 2021. REUTERS-Agustin Marcarian

Russia says Sputnik shot less effective against South Africa variant

Russia’s Sputnik V coronavirus shot is less effective against the South African variant but still does better than other vaccines, the lead scientist behind it was cited as saying on Friday.
South Korean trade Minister, Yoo Myung-hee, on Friday (Feb 5) dropped her bid to become head of the World Trade Organisation (WTO), clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the global body’s director-general.

WTO: Coronavirus vaccines best stimulus for world economy

The Director General of the World Trade Organisation (WTO), Dr, Ngozi Okonjo-Iweala, has reiterated that a rapid global and equitable vaccine roll-out would be the best stimulus for a strong and sustained economic recovery for the global economy.
FILE PHOTO - GameStop logo is seen in this illustration taken February 2, 2021. REUTERS-Dado Ruvic-Illustration

GameStop plans $1 billion share sale after Reddit-fuelled rally

GameStop Corp on Monday increased the value of new stock it may sell from $100m to $1bn, as the United States video game retailer seeks to capitalise on a surge in its shares from a Reddit-driven rally this year.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.

President Buhari, Timi Sylva, Sanusi Barkindo tip gas as economic growth driver

President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
President Muhammadu Buhari says Nigeria Liquified Natural Gas (NLNG) has generated $114 billion in revenues over the years, $9 billion in taxes, $18 billion in dividends to the Federal Government and $15 billion in feed gas purchase.

President Buhari: Nigeria to leverage 600 trillion cubic feet of gas to diversify economy

President Muhammadu Buhari has assured that his administration will leverage on Nigeria’s robust gas resources, currently standing at 600 trillion cubic feet, to urgently industrialize the country and ultimately diversify it away from petroleum, which is gradually being discarded for cleaner energy sources that gas provides.

Diaspora community to invest in tomato, ginger farming in seven states

A diaspora group plans to invest in tomato and chilli/pepper, ginger, leather and garment agricultural value chain in Kano, Kaduna, Plateau, Ogun, Oyo, Lagos and Abia states.

Nigeria records N7.37 trillion trade deficit in 2020

Nigeria’s trade with other countries worsened in 2020, resulting in a trade deficit of N7.37 trillion for the year, following sharp declines in exports of crude oil, solid minerals and manufactured goods.
The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, disclosed this at a press briefing in Abuja.

PTF: Nigeria to receive four million doses of coronavirus vaccines soon

The Presidential Task Force (PTF) on COVID-19 says Nigeria will soon receive initial four million doses of the AstraZeneca COVID-19 vaccines.

NEPC chief: Nigeria to exit dependence on oil revenue in 10 years

The Executive Director/CEO of the Nigerian Export Promotion Council, NEPC, Mr Segun Awolowo, yesterday assured that given the steps being taken to improve the non-oil exports, Nigeria will exit its dependence on crude oil revenue in the next 10 years.
FILE PHOTO - An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS-Arnd Wiegmann

Google seals content payment deal with French news publishers

Google and a French publishers’ lobby said on Thursday they had agreed a copyright framework under which the U.S. tech giant will pay news publishers for content online, in a first for Europe.

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank predicts remittances to decline 14% by the end of 2021

The World Bank has projected that remittances – the money that migrants send to their home countries – will decline by 14 per cent at the end of 2021 following the coronavirus pandemic.

UN: Coronavirus escalates hunger, malnutrition among children

The World Health Organisation, WHO, and the United Nations Children’s Fund, UNICEF, have continued to express concern at the potential impact of COVID-19 on hunger, which is likely to escalate the burden of malnutrition among children, particularly in Nigeria.
The Trump administration moved forward Friday on removing long-standing federal protection for the nation's birds, over objections from former federal officials and many scientists that billions more birds will likely perish as a result.

Donald Trump administration moves ahead on removing bird protections

The Trump administration moved forward Friday on removing long-standing federal protection for the nation's birds, over objections from former federal officials and many scientists that billions more birds will likely perish as a result.
The Mo Ibrahim Index of African Governance, published every two years, gives each country’s government a score according to criteria including anti-corruption measures, protection of civil liberties and caring for the environment.

Nigeria declines in Mo Ibrahim governance index

The 2020 Ibrahim Index of African Governance (IIAG) of the Mo Ibrahim Foundation has ranked Nigeria 34 out of 54 countries.
The Mo Ibrahim Index of African Governance, published every two years, gives each country’s government a score according to criteria including anti-corruption measures, protection of civil liberties and caring for the environment.

Report: African countries failing to progress in good governance

Governance progress slowed across Africa for the first time in a decade, even before the coronavirus pandemic hit, with commitment to democracy and civil rights faltering, a major report said Monday.
COVID-19 has drastically cut international student participation in U.S. colleges and universities, punctuating three years of declining enrollment tied to costs, immigration barriers and perceived chaos in American society.

US: New international student enrollment falls 43%

COVID-19 has drastically cut international student participation in U.S. colleges and universities, punctuating three years of declining enrollment tied to costs, immigration barriers and perceived chaos in American society.
Mainland China reported a rise in new confirmed cases of coronavirus on Thursday, reversing three straight days of declines, because of a spike in new infections in Wuhan, the city at the centre of the outbreak.

Coronavirus cases rise in China, South Korea

Mainland China reported a rise in new confirmed cases of coronavirus on Thursday, reversing three straight days of declines, because of a spike in new infections in Wuhan, the city at the centre of the outbreak.

Recent Stories

Zamfara: PDP disowns factional leaders

The Peoples Democratic Party (PDP) in Zamfara has pledged to take appropriate action against members of the “True PDP” who recently set up a parallel office in the state.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Ogun: Traditional council disowns ‘monarch’ caught in romance scandal

The Kemta Traditional Council of Chiefs has disowned the “Olu of Orile Kemta”, Ogun State, Adetokunbo Tejuoso, who was arrested recently by police for an alleged romance scam, saying the man is neither an oba nor a chief in the council.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

How gunmen killed seven policemen in Rivers

Facts have emerged on how the unidentified gunmen prevailed over the curfew imposed on Rivers State and killed about seven men and officers of the Nigeria Police in the state.
Moses Simon is among the nominees for Nantes' Player of the Month award for February.

Ligue 1: Moses Simon grabs assist in Nantes’ derby win over Bordeaux

Moses Simon provided an assist as Nantes defeated Girondis Bordeaux 3-0 in the Atlantic derby at Stade de la Beaujoire – Louis Fonteneau on Saturday afternoon.

APC calls for postponement of Oyo council election

The All Progressives Congress (APC), Oyo State has called for the postponement of the May 22, LG election in the state.

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African Union hails US for ‘remarkable’ leadership on vaccine waiver

The Africa Union's health watchdog on Thursday praised the United States' support for a waiver on patent protections for Covid-19 vaccines as a "remarkable expression of leadership".
A nurse takes care of one of the newborn nonuplets, lying in an incubator, at the private clinic of Ain Borja in Casablanca, Morocco May 5, 2021. REUTERS-Youssef Boudlal

Malian woman gives birth to nine babies

A Malian woman gave birth to nine babies on Tuesday - two more than doctors had detected inside her crowded womb - joining a small pantheon of mothers of nonuplets.

Travellers burnt to death in Lagos-Ibadan expressway auto crash

The Ogun Traffic Compliance and Enforcement Corps (TRACE) has said an unspecified number of persons were burnt to death in an auto crash on the Lagos-Ibadan expressway.
The Federal Capital Territory Administration (FCTA) announced yesterday that it would be reintroducing the park and pay policy in the Federal Capital Territory (FCT), from May 1, 2021.

FCTA debunks ‘schools’ closure’

The Education Secretariat of FCT Administration has debunked reports that schools in the Bwari Area Council have been closed due to the fear of the residents that the area might have been infiltrated by bandits after sighting trucks loaded with strangers in the communities bordering Kaduna State on Wednesday.
The suspended National Chairman of the All Progressives Congress (APC), Adams Oshiomhole, says he has accepted the Appeal court’s verdict which upheld his suspension.

Coup d’etat: Roberts Clark owes Nigerians apology, should be charged for treason – Comrade...

Former National Chairman of the All Progressives Congress (APC), Comrade Adams Oshiomhole, has said that the Senior Advocate of Nigeria (SAN), Roberts Clark, should not only apologise to Nigerians but also be charged for treason for calling for military to takeover in Nigeria.