A new report by the International Labour Organization (ILO) has revealed that despite the unprecedented worldwide expansion of social protection during the COVID-19 crisis, more than 4 billion people around the world remain entirely unprotected. This is even as the global labour organization also found that the pandemic response was uneven and insufficient, deepening the […]
Nigeria and other African countries are reported to be annually losing as much as $3.8 billion to erosion, pollution and other environmental and health threatening issues. A new research document just published by Nature and the International Support Network for African Development (ISNAD-Africa) in partnership with World Wildlife Fund raised concerns over the alarming rate […]
The Federal Government has hinted of its plans to commence the deployment of 5G technology in the country in line with emerging trends in the international climes to boost Nigeria’s telecom connectivity standards for improved services. The Minister of Communications and Digital Economy, Dr. Isa Pantami, who gave this hint when he featured on a […]
The World Bank Group has disclosed that Nigeria and 19 other countries benefitted about $2.69bn from the guarantees issued under the COVID-19 Fast Track Facility between 2020 and 2021. The Breton Woods institution made the disclosure in one of its newly published FY21 Multilateral Investment Guarantee Agency’s (MIGA’s) financial statement. It listed other beneficiaries of […]
The Minister of Niger Delta Affairs, Senator Godswill Akpabio, on Thursday accused the International oil companies (IOCs) operating in Nigeria’s hydrocarbon resources industry of not fulfilling their fiscal obligations to the Niger Delta Development Commission (NDDC) as and when due. Specifically, the minister claimed that the IOCs currently owed the commission over $4 billion. Akpabio, […]
The Economic Community of West African States (ECOWAS) has set January 2025 deadline for the adoption of cleaner fuels and vehicles for its member-countries in furtherance of its efforts to reduce air pollution across the region. The ECOWAS Director of Energy, Bayaornibe Dabire, gave this hint during the African Refiners and Distributors Association (ARDA) 2021 […]
U.S President, Joe Biden, is expected to sign an executive order today setting a national goal for electric and other zero-emissions vehicles to make up half of new cars and trucks sold by 2030. To demonstrate their support for the administration’s initiative, Ford and GM executives, together with leaders from the United Auto Workers will […]
Mouka, Nigeria’s leading manufacturer of mattresses, pillows and other bedding products, has launched a new eco-friendly mattress called Eco-Comfy to improve sleep comfort for Nigerians. The mattress is made up of 100 percent recyclable polyester fibre which promotes airflow around the body, keeping the consumer cool and comfortable through the night. Commenting on the company’s […]
Global reinsurance business top player, Swiss Re, has announced a net income of $1 billion for the first half of 2021, as an improved performance in its property and casualty (P&C) business, helped to offset a COVID-19 driven loss posted in its life and health (L&H) reinsurance division. According to the latest performance reports on […]
Australia’s economy has sustained its rebound trend, with the gross domestic product (GDP) rising by 1.8% in the first quarter of this year. Official statistics on the economy showed that the recovery surpassed analysts’ expectations as the growth rate now becomes larger than it was before the Covid-19 pandemic. According to the latest figures on […]