NEWS

The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the global economy. The IMF said this in its ‘Global Financial Stability’ report released on Tuesday. It said the adoption of crypto assets and stablecoins in emerging markets and developing economies could pose a challenge to those countries’ macroeconomic and financial stability. According to the fund, while the risks are contained for now, regulators have to […]

The Director General of the Nigerian Meteorological Agency, Prof. Mansur Matazu, has said that the newly established meteorological institute in Katsina will boost the agency’s technical manpower support and serve as a centre to provide refresher training on impact of climate on different sectors of the economy. A statement from the agency said it had received support from the Ministry of Aviation, adding that degrees in meteorology and climate change […]

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation. This is as he said that a slight reduction in the customs procedures could drive up Nigeria and other members’ revenues by at least $250bn. Osinbajo stated this on Wednesday in […]

The United Nations Children’s Fund has ranked Nigeria and Chad the second worst countries where children are at the most risk of climate change. UNICEF in a report titled ‘Children’s climate risk index’ used data to generate new global evidence on how many children were currently exposed to climate and environmental hazards, shocks and stresses. It noted that one billion children globally were at risk. The CCRI helps to understand […]

The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn in the first half of this year, compared to the same period of 2020. Food imports gobbled up $840.18m in H1 2020, down from $1.02bn in the same period a year earlier, according to the CBN data on sectoral utilisation for transactions valid for forex. […]

Dickson Oghenebrume and Sally Abaka, Ese Brume’s parents, have dedicated the athlete’s Tokyo 2020 Olympic long jump bronze medal to Amaju Pinnick, President of the Nigeria Football Federation, and the incumbent and immediate past Governors of Delta State. Speaking after the long jumper clinched the bronze medal in the long jump finals, Brume’s father revealed that he and his wife called Pinnick to thank him for the role he played […]

Army to embark on free medical outreach programme as COAS plans low- key Army Day Celebration   The Nigerian Army has stated its readiness to embark on medical outreach programme beginning from Monday July 5th, 2021 during which inhabitants of some selected communities around the country will benefit from free medical services.   The Chief of Army Staff, Major General Farouk Yahaya disclosed this while briefing Defence Correspondents at the […]

Communities along the Abuja-Lokoja Highway have blamed indigenous contractors and federal agencies for the slow pace of construction work on the 196-kilometre road project put at N42.3billion at inception 18 July, 2006. The communities lamented the lingering deplorable condition of the road and the snail-speed approach to the project awarded by the Olusegun Obasanjo administration with a 30-month completion span. They said the project had not only become a death-trap […]