President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that Africa accounts for just three percent of the total $25.3 trillion global trade with most of the economies highly vulnerable to commodity price volatility. Adesina, who made remark while speaking on sustainable trade and energy mix at the Sustainable Trade Africa Conference […]
The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas (NLNG) are set to sign a Memorandum of Understanding (MoU) in furtherance of their efforts to drive sustainable development in the Niger Delta region. The NDDC Director, Corporate Affairs, Dr. Ibitoye Abosede, in a statement, quoted the commission’s Managing Director of the NDDC, Dr. […]
The World Bank has raised its 2023 global growth forecast to 2.1% as many economies, especially the U.S economy continue to exhibit stronger resilience, warning, however, that higher interest rates will cause a larger-than-expected slowdown of global economies next year. The bank, in its latest ‘Global Economic Prospects’ report released on Tuesday, projected that real […]
Eni, the parent company of Nigerian Agip Oil Company (NAOC), has declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa, Bayelsa State, following a blast in one of its oil line facilities. With the serious damage to the firm’s facility, it means Nigeria would be recording a shortfall of 25,000 […]
“Electronic transmission of result is not rocket science. It is a universal norm in the 21st century. Smaller and poorer nations across the globe have achieved electronic transmission of result even with their limited infrastructure. Nigeria should not be an exception.”