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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.
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.
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.
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.
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 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.
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’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 Presidential Task Force (PTF) on COVID-19 says Nigeria will soon receive initial four million doses of the AstraZeneca COVID-19 vaccines.
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.
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.
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.
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.
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.
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.
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.
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.
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 provided an assist as Nantes defeated Girondis Bordeaux 3-0 in the Atlantic derby at Stade de la Beaujoire – Louis Fonteneau on Saturday afternoon.
The All Progressives Congress (APC), Oyo State has called for the postponement of the May 22, LG election in the state.
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 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.
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 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.
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.