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West African Govts Begin Moves To Tackle Desertification Crisis

West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration. The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from 9 to 20 May. The […]

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Gallagher Re Puts Insured Catastrophes Losses At $116Bn In 2021

Gallagher Re, one of the world’s leading reinsurance brokerage firms, has reported that insured losses from major catastrophes in 2021 have so far reached $116 billion, the third largest in 10 years. The reinsurance broker also reported that the figure was about 63% higher than the average annual loss since 2011. For instance, it recalled […]

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NAFDAC Cautions Nigerians On Abuse Of Antibiotics

The National Agency for Food and Drug Administration and Control (NAFDAC) has expressed serious concern over the increasing rate of irrational use of antibiotics, which has further accelerated the process of Antimicrobial Resistance (AMR), leading to avoidable deaths. The Director General of NAFDAC, Professor Mojisola Adeyeye, raised this alarm at the virtual 2021 World Antimicrobial […]

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France To Invest $70Mn In Nigeria’s Renewable Energy Projects

The French Government has hinted of its plan to invest $70 million into Nigeria’s renewable energy projects. A member of the Project and Structured Finance, Sub Sahara Africa, Access Bank, Mr Chukwudumije Igwe, made this disclosure at the Sustainable Use of Natural Resources and Energy Finance (SUNREF) Nigeria programme investor conference in Lagos. has agreed […]

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Buhari Orders MDAs To Prioritize Nigerian Professionals On Govt Contracts

President Muhammadu Buhari has ordered chieftains in federal Ministries, Departments and Agencies (MDAs) to prioritize the engagement of Nigerian professionals for planning, design and execution of national projects, stressing that foreign professionals should only be engaged where there is no local expertise. Buhari gave the directive Thursday at the inauguration of the Presidential Monitoring and […]

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Catastrophe Bond-ILS Issuance Market Peaks At $21.9Bn In Sept

The catastrophe bond and related insurance-linked securities (ILS) market has reached a new all-time-high as the amount of issuance recorded across a twelve-month period to end of September 2021 A news report by artemis.bm, a leading catastrophe bonds, insurance linked securities, reinsurance capital and investment, risk transfer intelligence firm, indicated that the catastrophe bond market […]

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RBDAs Are Catalyst For Food Security, Job Creation – Minister

The Minister of Water Resources, Engr. Suleiman Adamu, has said that ongoing partial commercialisation of the nation’s 12 River Basin Development Authorities (RBDAs) is aimed at attracting private sector investments for their revitalization and ensuring efficient service delivery by them. Adamu described the RBDAs asstrategic to the actualization of national food security, jobs and wealth […]

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FG Approves 5G Deployment, Asks NCC To Commence Implementation Plan

The Federal Government has approved the deployment of the Fifth Generation Network, otherwise called 5G in Nigeria. The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), had announced the approval after the Federal Executive Council (FEC) meeting on Wednesday during his post-meeting interactions with State House journalists in Abuja. Following the approval, […]

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Bauchi To Benefit From World Bank’s Agro-Climatic Resilience Project

Bauchi State is to benefit from the World Bank’s Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project. The State Commissioner for Environment and Housing, Hon. Hamisu Muazu Shira, who gave this hint while speaking at a stakeholders’ meeting in Bauchi on Wednesday, said the state government would collaborate with all relevant stakeholders in order to successfully […]

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Danbatta Lists Benefits Of NCC Strategic Vision Plan, Seeks Stakeholders’ Support

The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC) Professor Umar Danbatta has listed the benefits of NCC Strategic Vision (Implementation) Plan (SVP) 2021-2025, including the facilitation of broadband penetration, improvement in the quality of service, attracting ICT investments, promoting fair competition as well as strategic collaboration and partnerships Danbatta disclosed this […]